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

Alkurdi, Amneh; Hamad, Amneh; Thneibat, Hussam; Elmarzouky, Mahmoud

doi:10.1080/23311975.2021.1939930

Cited by 32 publications

(34 citation statements)

References 79 publications

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“…The operational, financial, and stock market performance were also impacted affirmatively by institutional ownership (IOWN). The finding of this study with respect to institutional ownership was in support of the third hypothesis and in line with Nashier and Gupta (2020), Alkurdi et al (2021), Drobetz et al (2021), andSaleh et al (2022), revealing that institutional ownership has an efficacious force on firm execution. This outcome has various theoretical aspects, such as agency theory and resource dependency theory.…”

Section: Resultssupporting

confidence: 90%

“…The results of the effect of OWNC (ownership concentration) on top block holders were partially consistent with Anwar and Tabassum (2011), Alkurdi et al (2021), Martínez-García et al (2021), and Queiri et al (2021 and had mixed influence on performing areas. In all the stepwise regressions, the major influence of the concentration was negative, therefore, partially supporting the sixth hypothesis.…”

Section: Resultssupporting

confidence: 83%

“…The ownership mechanism is equally important to be scaled and measured for the causal effect on the performance of the firm not only in the developed markets but also in emerging ones ( Iwasaki et al, 2022 ). One of the influential mechanisms in reaping the firm performance as per agency mechanism is ownership of possessions by various groups ( Alkurdi et al, 2021 ). Principal-agent mechanism considers each ownership stakeholder as a monitoring force to comply with the primary goal of the firm, i.e., wealth maximization for stockholders.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Does board activeness strengthen the relationship between structure of corporate ownership and firm performance?

Yuan

Hussain²,

Khalid³

et al. 2023

Front. Psychol.

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This study empirically investigates the moderating effect of board activeness on the relationship between the structure of corporate ownership and firm performance. The objective was evaluated using the hierarchal panel regressions with data from non-financial companies of the Pakistan Stock Exchange from 2009 to 2018, operationalizing the ownership structure as state ownership, associated companies, foreign ownership, ownership concentration, institutional ownership, and family ownership, and firm performance as operating performance, financial performance, and stock market performance. The findings of the study revealed that operating, financial, and stock market performance were favorably influenced by the ownership stakes of the state, associated concerns, institutions, and foreigners. Family interests proved to be diverse for the firm performance. The isolated effect of the board consistently uplifted the firm productivity, but its interactional impact with all the ownership stakeholders postulated differential outcomes for internal and external performance. The study provides valuable insights for policymakers and investors to make optimal strategies to manage ownership interests and enhance value.

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Section: Resultssupporting

confidence: 90%

Section: Resultssupporting

confidence: 83%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Does board activeness strengthen the relationship between structure of corporate ownership and firm performance?

Yuan

Hussain²,

Khalid³

et al. 2023

Front. Psychol.

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“…ROA measures the overall management effectiveness in generating profit from available assets (Gitman et al , 2015) and is calculated as the ratio of net income to total assets according to (Clarke et al , 2011; Nimtrakoon, 2015; Abuhommous and Almanaseer, 2021; Alkurdi et al , 2021). EPS is the ratio of net income to total owners’ equity (Chan, 2009).…”

Section: Research Methods and Sample Selectionmentioning

confidence: 99%

The effect of intellectual capital on firm performance: the mediating role of family management

Bataineh

Abbadi

Alabood

et al. 2022

JIABR

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Purpose This study aims to investigate the effect of intellectual capital components on firms’ performance, and also examines the influence of the mediating role of family management on such a relationship. Design/methodology/approach The hypotheses are tested using structural equation modeling for a sample of 46 Jordanian service listed firms during 2014–2019. Findings The results indicate that intellectual capital efficiency is a key factor that enables firms to achieve higher financial performance and higher market value. Human capital efficiency has a significant positive effect on firms’ profitability as measured by return on assets and earnings per share. No evidence is shown to support that family management has a mediating role on the relationship between intellectual capital and firms’ performance. Practical implications The results indicate strong evidence of the important role of intellectual capital on firm performance. Accordingly, this study recommends that the managers of service firms should continue to enhance and improve the components of intellectual capital, especially investing more in the competencies and capabilities of employees, including their skills, education and training programs to achieve competitive advantage and ensure continued success in the future, and investors to pay special attention to the components of intellectual capital to predict the performance of the firm and be able to choose the best investment opportunities. Originality/value This study provides additional insights into the literature of both intellectual capital and family businesses by analyzing data from an emerging market.

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“…Warfield et al (1995) revealed that earnings quality increased when managerial ownership was high and found that managerial ownership had a negative relationship to discretionary accruals. Alkurdi et al (2021) showed a negative relationship with ROA. Khafid (2017) says that managerial ownership has a significant effect on profitability.…”

mentioning

confidence: 90%

Profitability: The Impact of Corporate Social Responsibility and Corporate Governance Implementation

Novia

Meythi

2022

RS Global - IJITE

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The purpose of this observation is first, to determine the impact of Corporate Social Responsibility (CSR) implementation on the profitability of banking corporates registered on the Indonesia Stock Exchange (IDX) in the 2017-2021 period. The second is to determine the impact of Corporate Governance (CG) implementation on the profitability of banking corporates registered on the IDX in the 2017-2021 period. The sampling method is purposive sampling. Based on the results of the observation, it can be conducted that CSR has no significant effect on profitability, while CG with the indicators of institutional ownership, managerial ownership, board of commissioners, board of directors, and audit committee has a significant positive effect on profitability.

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

Cited by 32 publications

References 79 publications

Does board activeness strengthen the relationship between structure of corporate ownership and firm performance?

Does board activeness strengthen the relationship between structure of corporate ownership and firm performance?

The effect of intellectual capital on firm performance: the mediating role of family management

Profitability: The Impact of Corporate Social Responsibility and Corporate Governance Implementation

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