Firm performance and ownership structure: Dynamic network data envelopment analysis approach

Kuo, Kuo‐Cheng; Lu, Wen‐Min; Dinh, Thanh Nhan

doi:10.1002/mde.3124

Cited by 16 publications

(13 citation statements)

References 114 publications

(155 reference statements)

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“…Alabdullah (2018) has argued that different shareholders have different strategic decision-making powers, that may affect the performance of an organisation. The ownership structure and FP relationship became a trend in the accounting research (Alabdullah, 2018;Alkurdi et al, 2019;Al-Sa'eed, 2018;Buallay et al, 2017;Cornett et al, 2008;Din et al, 2021;Hartzell et al, 2014;Kao et al, 2019;Krivogorsky, 2006;Kuo et al, 2020;Liu et al, 2019;Riyadh et al, 2019;Vu et al, 2018;Yang & Shyu, 2019). Krivogorsky (2006) argued that ownership structure plays an essential role in FP and provides regulators with insights into how to improve CG practices, and facilitate an increase in the efficiency of firms.…”

Section: Ownership Structure and Fpmentioning

confidence: 99%

“…The relationship between ownership structure and FP has been the central topic of various scholars, academics, and policymakers for a long time. This relationship depends on various types of ownership that handle investment strategies other than the investment horizons that may affect FP (Kuo et al, 2020). Yasser et al (2017) argued that the direction of this relationship is due to variances in monitoring those that the shareholders can undertake.…”

Section: Introductionmentioning

confidence: 99%

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Ownership structure’s effect on financial performance: An empirical analysis of Jordanian listed firms

Alkurdi¹,

Hamad

Thneibat³

et al. 2021

Cogent Business & Management

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This study aims to examine the impact of the ownership structure on firm performance in the Jordan. This study employed the multiple-regression model and fixed regression effect to analyse the data. The sample included all Jordanian first market firms listed on the Amman Stock Exchange (ASE) from 2012 to 2018. The paper's findings reveal a positive and significant relationship between institutional ownership and both accounting measure Return on Assets (ROA) and market measure Tobin's Q (TQ). Other ownership structure types, such as concentration of ownership, also affect ROA and TQ. While managerial ownership shows a negative relationship with ROA, but there is no association with TQ. This study has broad and comprehensive practical implications that are good for policymakers. On the one hand, it adds to the debate on agency theory from the ownership structure and firm's performance relationship. On the other hand, it helps the Jordanian ABOUT THE AUTHOR

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Section: Ownership Structure and Fpmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Ownership structure’s effect on financial performance: An empirical analysis of Jordanian listed firms

Alkurdi¹,

Hamad

Thneibat³

et al. 2021

Cogent Business & Management

View full text Add to dashboard Cite

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“…The year 1990 constituted the lower bound of the period studied since the first published and indexed article, whose title clearly presents the keywords "Ownership structure" and "performance", was the article by Smith (1990). The upper bound will be the month of June 2020 (date corresponding to the completion of the bibliographical research) with the articles by Doan, Le, and Tran (2020) and Kuo, Lu, and Dinh (2020) After eliminating the journals in which no articles are published with the combination of keywords used, and with the exclusion of books, papers and web pages, we were able to build a base of 229 articles published in 141 journals.…”

Section: Methodsmentioning

confidence: 99%

Ownership Structure and Performance of Companies: Exploratory Study via a Systematic Review of the Literature

KOUIRI

Agouram

Kadouri

2021

International Journal of Social Sciences Perspectives

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This article aims to understand the general context of research on the impact of ownership structure and performance of firms through a systematic review of references that include the keywords "ownership structure" and "performance" in their titles and that are published in English between 1990 and June 2020. For this purpose, we used articles published in journals indexed in the Scopus database. The uploaded articles are organized by the Mendeley Desktop tool and then transferred to the NVivo10 tool, in order to make a textual analysis of the elements contained in the articles. Data concerning the article, the characteristics of the study population, were collected. Our initial bibliographic search covered 229 articles published in 141 journals registered in more than 30 databases. It was found that the journals have published on this subject belongs to several disciplines related to governance, finance, and management and that they come from Anglo-Saxon countries. Our work can be considered as a support in the study of the scientific literature review related to ownership structure and performance.

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“…Therefore, with institutional investor's expertise to manage and oversee the investment activities and financial affairs, they play a superior role in improving the management decisions and its efficiency (Fazlzadeh et al, 2011;Kuo et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

Comparative study on the impact of individual and institutional ownership on firm performance: Evidence from Pakistan Stock Exchange

Ali

Riaz

Anis

2021

J. Humanit. Soc. Manag. Sci.

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The study aims to examine the relationship between individual ownership, institutional ownership and firm performance. Further it comparatively analyses the impact of both institutional and individual ownership on firm performance. For this purpose, data have been collected from 64 firms listed on Pakistan Stock Exchange (PSX) for the period of 10 years (2011 - 2020). Random effects model has been employed to test the research hypotheses. This study compares the effect of individual and institutional ownership on firm performance. Result of the study shows that both institutional and individual ownership significantly affect firm performance. However, the degree of the effect is different for both individual and institutional investors. The institutional ownership influences the firm performance twice than the individual investors influence the performance. The results also reveal that the firm performance is positively associated with the firm size while negatively related with the financial leverage. Findings of the study are important for shareholders, managers, academicians and decision makers. They can use information to frame investors’ friendly policies and guide shareholders in taking right financial decisions.

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Firm performance and ownership structure: Dynamic network data envelopment analysis approach

Cited by 16 publications

References 114 publications

Ownership structure’s effect on financial performance: An empirical analysis of Jordanian listed firms

Ownership structure’s effect on financial performance: An empirical analysis of Jordanian listed firms

Ownership Structure and Performance of Companies: Exploratory Study via a Systematic Review of the Literature

Comparative study on the impact of individual and institutional ownership on firm performance: Evidence from Pakistan Stock Exchange

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