Ownership structure and financial distress
Caught in financial distress has never been an objective of any company.Nevertheless, many companies collapsed due to controllable and uncontrollable factors.There is inconclusive evidence as to whether changes in ownership attributes improve firms’ performance and therefore could reduce the likelih...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Engineering and Technology Publishing
2013
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/15395/1/2013.pdf http://repo.uum.edu.my/15395/ http://doi.org/10.12720/joams.1.4.363-367 |
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| Summary: | Caught in financial distress has never been an objective of any company.Nevertheless, many companies collapsed due to controllable and uncontrollable factors.There is inconclusive evidence as to whether changes in ownership attributes improve firms’ performance and therefore could reduce the likelihood of firms going through financial distress.This study attempts to understand whether type of ownership have significant relationship with companies that experienced financial distress.This study is useful to directors who can evaluate the existence of these factors in their companies and to authorities who can use this study to measure the effectiveness of government linked institutional investors in preventing distress. |
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