Management and ownership effects: evidence from five countries
Article Abstract:
A dearth of studies examining the impact of national differences in corporate governance on firm performance has been noted. To rectify this shortcoming, a study was conducted focusing on the relationship of ownership concentration with firm profitability in Canada, France, Germany, the UK and the US. Findings revealed significant differences in terms of the institutional structures of corporate governance. Country effects were found in the relationship between ownership concentration and profitability. For instance, while a negative relationship between diversification and performance was found in the US and the UK, no significant relationship was found between the two variables in France, Germany and Canada. Implications and recommendations for further studies are discussed.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 1998
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The influence of ownership on performance: an empirical study
Article Abstract:
A study of the relationship between corporate ownership and economic return has determined that firms with higher levels of inside ownership exhibit greater levels of excess stock returns. The higher levels of inside ownership suggest that decision making is improved, resulting in higher earnings and dividends, lending support for the idea that providing managers with a vested interest in their company benefits the long-term performance of the business. The research suggests that ownership has a considerable effect on financial performance.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 1991
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Ownership structure and economic performance in the largest European companies
Article Abstract:
Issues related to the role of corporate ownership in economic performance are examined, focusing on the effects of ownership concentration on shareholder value in 435 large European corporations. High positive correlation is found between ownership concentration and shareholder value with qualifying implications dependent on amount of ownership shares, identity of owner, and the relationship between shareholder value and sales growth.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 2000
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