Effects of ownership concentration on firm performance: Pakistani evidence
Purpose – This paper aims to present an analysis of the association between five categories of concentrated ownership and firm performance in Pakistan. The connection between high ownership concentration and firm performance has attracted much attention, especially in emerging market, yet yielded...
Saved in:
| Main Authors: | , |
|---|---|
| 格式: | Article |
| 語言: | English |
| 出版: |
Emerald Group Publishing Limited
2015
|
| 主題: | |
| 在線閱讀: | http://ir.unimas.my/id/eprint/10589/1/NO%2043%20Effects%20of%20ownership%20concentration%20on%20firm%20performance%20%28abstract%29.pdf http://ir.unimas.my/id/eprint/10589/ http://www.emeraldinsight.com/doi/full/10.1108/JABS-07-2014-0047 http://dx.doi.org/10.1108/JABS-07-2014-0047 |
| 標簽: |
添加標簽
沒有標簽, 成為第一個標記此記錄!
|
| 總結: | Purpose – This paper aims to present an analysis of the association between five categories of
concentrated ownership and firm performance in Pakistan. The connection between high ownership
concentration and firm performance has attracted much attention, especially in emerging market, yet
yielded many inconsistent empirical results.
Design/methodology/approach – Karachi Stock Exchange (KSE)-100 Indexed companies listed in KSE
from 2007 to 2011 were selected as the sample, and correlation coefficient and regression model were used
to inspect the relationship between ownership concentration degree and corporate performance.
Findings – It was found that there is no significant association with ownership concentration and
accounting-based performance, market-based performance measures and economic profit, in general.
Originality/value – The first demonstration that the shareholding proportion of the single largest
shareholder is the only variable having positive association with market-based performance measures. |
|---|