The influence of ownership on performance: An empirical study | Zendy

Oswald Sharon L. | Zendy; Jahera John S. | Zendy

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The influence of ownership on performance: An empirical study

Author(s) -

Oswald Sharon L.,

Jahera John S.

Publication year - 1991

Publication title -

strategic management journal

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 11.035

H-Index - 286

eISSN - 1097-0266

pISSN - 0143-2095

DOI - 10.1002/smj.4250120407

Subject(s) - principal–agent problem , context (archaeology) , business , agency (philosophy) , sample (material) , sample size determination , work (physics) , empirical research , measure (data warehouse) , econometrics , industrial organization , economics , finance , statistics , corporate governance , mathematics , computer science , sociology , mechanical engineering , paleontology , chemistry , chromatography , database , engineering , biology , social science

This research examines the relationship between ownership structure and financial performance in the context of the agency theory. It improves upon previous research by presenting an improved risk‐adjusted performance measure, by using a larger sample size than prior work and also by controlling for firm size differences. The results suggest that ownership is significantly related to firm financial performance even after controlling for size.

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