Institutional Ownership Board Characteristics and Firm Performance

Waheed, Abdul; Malik, Qaisar Ali

doi:10.4018/ijabim.20210401.oa1

Cited by 14 publications

(13 citation statements)

References 77 publications

(116 reference statements)

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“…Another corporate governance proxy that has been studied in the literature is the ownership structure. In nations with poor investor protection mechanisms, institutional investors play a more beneficial role [35], [85]. In contrast, with their power of the vote, hese experienced investors could punish the management and encourage them to allocate funds for CSR initiatives [86].…”

Section: Corporate Governance Institutional Ownership Csr and Firm Valuementioning

confidence: 99%

“…To control institutional ownership, corporate social responsibility, and firm value relations hips and consider the disparity among firms, control variables were also included in this study: firm size and profitability [35], [79]. Hence, the third and fourth hypotheses are : Hypothesis 3: profitability has a positive impact on firm value and hypothesis 4: the size of the firm has a positive impact on firm value.…”

Section: Control Variablesmentioning

confidence: 99%

“…Based on several studies [35], [95]- [97], this research include some firm-level variables to control for various factors that may affect the institutional ownership, corporate governance and performance relationships and to consider the disparity among firms. In particular, we include total assets in millions of rupiahs as proxies for firm size (Firm Size), and profitability by the ratio of return on assets (ROA).…”

Section: Control Variablesmentioning

confidence: 99%

See 2 more Smart Citations

Corporate Social Responsibility (CSR), Institutional Ownership, and Firm Value

Harahap¹,

Isgiyarta²

2022

Proceedings of the 3rd International Conference of Business, Accounting, and Economics, ICBAE 2022, 10-11 August 2022, Purwoker

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This empirical study examines the relationship between CSR, corporate governance, and organizational performance or firm value in an emerging country. For this study, the five-year panel data from 2017 to 2020 are obtained through content analysis of annual reports. The study applied fixed effects on a panel data regression model to a panel of Indonesian manufacturing companies in Indonesia. We find that CSR, corporate governance structure by institutional ownership, and size positively link firm value, while profitability can't show a significant relationship. The results of this study provide evidence of Shleifer and Vishny's statements that institutional ownership is a shareholder who is very concerned about social performance, the environment, and governance. This study provides a deeper understanding of the role of institutional ownership in corporate governance and monitoring mechanisms, particularly in emerging economies such as Indonesia. This study also sheds light on the observed association between CSR, governance, and Firm Performance.

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Section: Corporate Governance Institutional Ownership Csr and Firm Valuementioning

confidence: 99%

Section: Control Variablesmentioning

confidence: 99%

Section: Control Variablesmentioning

confidence: 99%

See 1 more Smart Citation

Corporate Social Responsibility (CSR), Institutional Ownership, and Firm Value

Harahap¹,

Isgiyarta²

2022

Proceedings of the 3rd International Conference of Business, Accounting, and Economics, ICBAE 2022, 10-11 August 2022, Purwoker

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show abstract

“…Pitcher, Chreim and Kisfalvi (2000) suggested that independent directors were supposed to be more autonomous than dependent directors because of they can encounter the CEO with fewer suspect of gave up their positions. Firms with their Board as independent tend to face lesser financial pressure (Waheed & Malik, 2021). Bebchuk and Weisbach (2010) showed that a board with more independent directors increased the board independence and has positively affected the FP.…”

Section: Relationship Between Number Of Independent Directors On Board and Firm Performancementioning

confidence: 99%

Corporate Governance Mechanisms with Firm Performance: A Study on Malaysia's and Hong Kong's Real Estate Investment Trust (REITs) Public Listed Companies

David

Chang

Low

2021

JGRCS

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Corporate governance (CG) mechanisms might have a significant effect on firm performance (FP). The purpose of this study was to evaluate if CG mechanisms impact the FP among Malaysia's REITs (M-REITs) and Hong Kong's REITs (H-REITs). The effect of CG's variable on FP can be analyzed by using Panel data analysis. Return on Assets (ROA), Return on Equity (ROE) and Tobin's Q were employed to measure the FP. Data were collected from the annual report available on Bursa Malaysia and the Stock Exchange of Hong Kong Limited for 2010 until 2019. The finding suggests that H-REITs were more significantly affected by CG mechanisms as compared to M-REITs.

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“…There is extensive empirical research explaining the growing role of financial institutions in corporate governance mechanism with conflicting results (Cremers & Nair, 2005;Shleifer & Vishny, 1986;Subramanian, 2015;Waheed & Malik, 2020;Webb, Beck, & McKinnon, 2003). However, different researchers (Bhide, 1993;Coffee, 1991;Dobrzynski, 1993;Hartzell & Starks, 2003;Kushwaha, 1993;Monks & Minow, 1996) identified different roles which the institutional investors play in the firm management practices.…”

Section: Institutional Investors and Corporate Governancementioning

confidence: 99%

The Impact of Institutional Investment Horizon on Corporate Governance and Firm Performance

Waheed

Malik

2019

JISR-MSSE

Self Cite

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The purpose of this research study is to explore the impact of institutional investors in corporate governance and market measure firm performance mechanism. The study defined the investment horizon of the financial institutions on the bases of their long or short term investment objectives in the investee companies. In order to study these relationships the research analyzed an unbalanced panel of 287 non-financial firms’ from 2005 to 2016. The selected sample was analyzed by fixed effect, random effect and Arellano–Bond dynamic panel models. The results of the study confirm the positive impact of institutional investors (as a homogenous group) in enhancing the corporate governance and firms’ performance mechanism in the light of agency and signaling theories. However, when the financial institutions are analyzed on the basis of their investment horizon the empirical results deviated from the previous predicted theoretical findings. The research further concludes that long investment horizon institutional investors play a positive role in improving corporate governance index and Tobin’s Q, however, short investment horizon institutional investors are found detrimental for both the corporate governance and performance mechanism in Pakistani firms. The current study is unique in the context of the emerging economies, as it provides response to the previous contradictory opinions about the role of financial institutions in firm performance and corporate governance mechanism. Moreover, the current research is also useful for individual investors, corporate managers and regulatory authorities for better understanding of this phenomenon.

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Institutional Ownership Board Characteristics and Firm Performance

Cited by 14 publications

References 77 publications

Corporate Social Responsibility (CSR), Institutional Ownership, and Firm Value

Corporate Social Responsibility (CSR), Institutional Ownership, and Firm Value

Corporate Governance Mechanisms with Firm Performance: A Study on Malaysia's and Hong Kong's Real Estate Investment Trust (REITs) Public Listed Companies

The Impact of Institutional Investment Horizon on Corporate Governance and Firm Performance

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