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Ownership structure and firm performance


Zandi, Gholamreza and Singh, Jaspal and Mohamad, Shafi and Ehsanullah, Syed (2020) Ownership structure and firm performance. International Journal of Financial Research, 11 (2). pp. 293-300. ISSN 1923-4023

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Abstract

This study implies that diffuse ownership structure negatively affects firm performance. Our study based on empirical evidence found that the ownership structure (the outsider and the insider i.e. managerial ownership) favorably increase the firm performance. Our sample data was based on 200 Malaysian companies listed on the Malaysian stock exchange Bursa Malaysia. We used Tobin’s Q and accounting rate of return for firm performance measurement and compared it with important ownership structure and managerial ownership structure. Our results indicate that both ownership structures have a positive relationship with firm performance.

Item Type: Article
Uncontrolled Keywords: managerial ownership, important ownership, performance, Tobin’s Q
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 28 Jul 2020 08:21
Last Modified: 28 Jul 2020 08:21
URI: http://repo.uum.edu.my/id/eprint/27287

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