Corporate governance, ownership structure and firm performance: evidence from an emerging economy

Rashid, Afzalur (2012) Corporate governance, ownership structure and firm performance: evidence from an emerging economy. Corporate Ownership and Control, 9 (4). pp. 441-455. ISSN 1810-0368

Abstract

This study aims at examining the relationship between ownership structure influences firm economic performance in Bangladesh. While doing so, it examines if the ownership by directors (insiders) as well as ownership by institutions (outsider) influence firm performance. It is found that insider ownership by directors has a significant positive influence on firm performance; however, institutional ownership has no influence or significant negative influence on firm performance. The non-linear relationship between ownership structure (both by directors and institutions) and firm performance reveal that ownership entrenchment is available within certain level of ownership.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Permanent restricted access to paper due to publisher copyright restrictions.
Faculty / Department / School: Historic - Faculty of Business and Law - School of Accounting, Economics and Finance
Date Deposited: 25 Jan 2013 07:02
Last Modified: 27 Mar 2018 03:35
Uncontrolled Keywords: agency theory; Bangladesh; corporate governance; emerging economy; ownership; company performance
Fields of Research : 14 Economics > 1402 Applied Economics > 140202 Economic Development and Growth
14 Economics > 1402 Applied Economics > 140209 Industry Economics and Industrial Organisation
15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150303 Corporate Governance and Stakeholder Engagement
Socio-Economic Objective: E Expanding Knowledge > 97 Expanding Knowledge > 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
URI: http://eprints.usq.edu.au/id/eprint/22788

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