Journal articles: 'Corporate Ownership'

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Makhdalena, Makhdalena. "PENGARUH OWNERSHIP STRUCTURE DAN CORPORATE PERFORMANCE TERHADAP FIRM VALUE." EKUITAS (Jurnal Ekonomi dan Keuangan) 20, no. 3 (September 4, 2018): 388–412. http://dx.doi.org/10.24034/j25485024.y2016.v20.i3.71.

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Penelitian mengenai ownership structure (foreign ownership, government ownership dan public ownership), corporate performance dan firm value telah banyak dilakukan oleh peneliti, tetapi hasilnya belum konsisten, yaitu ada yang berpengaruh positif dan ada pula yang berpengaruh negatif. Dengan demikian peneliti tertarik untuk meneliti ulang mengenai ownership structure (foreign ownership, government ownership dan public ownershihp) dan corporate performance serta pengaruhnya terhadap firm value. Tujuan dari penelitian ini adalah untuk menguji dan menganalisis pengaruh ownership structure (foreign ownership, government ownership dan public ownershihp) dan corporate performance terhadap firm value. Populasi dari penelitian ini adalah perusahaan yang listing di Bursa Efek Indonesia yang memiliki data yang lengkap tentang foreign ownership, government ownership, public ownership dan corporate performance serta firm value untuk enam tahun berturut-turut (2008-2013). Jenis data dari variabel penelitian ini adalah data sekunder yang diperoleh dengan teknik dokumentasi yang bersumber dari ICMD. Metode analisis data menggunakan regresi. Hasil penelitian menunjukkan bahwa foreign ownership, government ownership dan public ownership tidak berpengaruh terhadap firm value dan corporate performance berpengaruh positif terhadap firm value.

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Sass, Emma M., Marla Markowski-Lindsay, Brett J. Butler, Jesse Caputo, Andrew Hartsell, Emily Huff, and Amanda Robillard. "Dynamics of Large Corporate Forestland Ownerships in the United States." Journal of Forestry 119, no. 4 (April 3, 2021): 363–75. http://dx.doi.org/10.1093/jofore/fvab013.

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Abstract Ownership of forestland in the United States has changed in recent decades, including the proliferation of timber investment management organizations (TIMOs) and real estate investment trusts (REITs), with the potential to alter forest management and timber supply. This article quantifies forest ownership transitions among ownership categories between 2007 and 2017 and investigates how and why large corporate ownerships own and manage their forestlands. Ownership transitions were determined from refined USDA Forest Service, Forest Inventory and Analysis data; we also conducted a survey of large corporate forestland ownerships. Corporate forestland acreage increased between 2007 and 2017, while family and public forestland decreased. Large corporate landowners report multidimensional, financially focused land management, although industry, timber investment management organizations, real estate investment trusts, and other owners report some different motivations and income streams. This work provides a baseline to track future ownership transitions and the behaviors of large corporate forestland owners.

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Musallam, Sami R. M., Hasan Fauzi, and Nadhirah Nagu. "Family, institutional investors ownerships and corporate performance: the case of Indonesia." Social Responsibility Journal 15, no. 1 (February 4, 2019): 1–10. http://dx.doi.org/10.1108/srj-08-2017-0155.

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Purpose This paper aims to investigate the relationship between family and institutional ownerships and corporate performance. Design/methodology/approach Using a panel data of 139 nonfinancial companies listed on the Indonesian Stock Exchange from 2009 to 2013, this study used generalized least square model. Findings The results show that family ownership has a significant and positive impact on corporate performance, while institutional ownership has significantly and negatively influenced corporate performance. These results imply that family ownership leads to better corporate performance, while institutional ownership leads to lower corporate performance. Research limitations/implications Future research would extend to examine different ownership variables, e.g. domestic, foreign and black shareholders ownerships with different performance measures such as profit margin and return on investments (ROI). Then, their results could be compared to the result of this paper. Practical implications For shareholders and managers, the result of this study provides a base for shareholder on the importance to have the same understanding as management to improve return of capital invested by them (family capital) through firm’s long- and short-term business decision-making. It is possible for management for doing so because their interest is same. Therefore, this can be an interesting incentive for management. This result of this study also provides practical implication for investors (including international investors) with respect to their funds in the firm with family ownership share. By doing so, they will get better and stable ROI compared to nonfamily-owned business. Originality/value This study is original as studies on institutional and family ownerships and corporate performance are limited in the Indonesian context. The use of nonlinearity effect of family ownership and corporate performance in Indonesian case is the first attempt. Therefore, this study contributes to corporate governance literatures by investigating the relationship between family and institutional ownerships and market performance in Indonesian context using the improved methodology.

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ALWI, HAPIDZ. "PENGARUH KARAKTERISTIK PERUSAHAAN DAN GOOD CORPORATE GOVERNANCE TERHADAP PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY." AKUNTANSI DEWANTARA 3, no. 2 (October 28, 2019): 119–28. http://dx.doi.org/10.26460/ad.v3i2.3676.

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ABSTRACTÂ The purpose of this study is to examine the effect of profitability, firm size, and leverage proxied into corporate characteristics, managerial ownership and institutional ownership proxied into good corporate governance towards corporate social responsibility disclosure. The dependent variable is disclosure of corporate social responsibility. Independent variables are profitability, company size, leverage, managerial ownership and institutional ownership. This study uses secondary data from annual reports and sustainability reports on Listed Companies in KOMPAS 100 on the Indonesia Stock Exchange in 2014-2017. Samples are 100 companies. This study uses a purposive sampling method and multiple linear regression as an analysis method. Before the regression test, it was tested using the classic assumption test. The results of this study indicate that company size and institutions do not have a significant effect on CSR disclosure while profitability, leverage, and managerial ownershipÂ

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Sanjaya, I. Putu Sugiartha, Rayenda Khresna Brahmana, and Wimpie Yustino Setiawan. "Family Ownership and Corporate Performance." Jurnal Akuntansi dan Pajak 22, no. 2 (January 13, 2022): 636. http://dx.doi.org/10.29040/jap.v22i2.3202.

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The paper aims to investigate whether family ownership as controlling shareholder effect on firm performance. This paper uses ultimate (direct and indirect) ownership to identify a listed firm owned by family or non-family. Family ownership is majority shareholder for listed companies in Indonesia. Family ownership will be good impact (competitive advantage) or bad impact (private benefit) on companies. The study also motivates to study this topic because investigating on family ownership as controlling shareholder is limited in Indonesia. The study uses panel data or pooled data. The method for collecting data is archival. Unit of analysis of the study is organization. Sample of this study is 604 observations during 2001-2007. This study uses purposive sampling to collect data from the Indonesian Stock Exchange. This study collects and searches ultimate ownership on chain of ownership structure in manufacturing companies listed in the Indonesian Stock Exchange. This study uses ultimate ownership to identify family ownership or non-family ownership because the reality of ownership structure in public companies in Indonesia is concentrated. This study identifies direct and indirect ownerships on chain of ownership. Based on direct and indirect, this study can identify ultimate ownership whether are family or non-family ownership. This study uses return on assets to proxy firm performance. The return is operating income. To analysis data, this study uses multiple reggresion model. Dependend variable is firm performance and independen variable is family ownership. The results of this study are family ownership negatively affect to firm performance. It indicates that ownership by family reduce firm performance. These results suggest that entrenchment effect is more dominant than alignment effect on the family ownership. The research focus only for manufacturing industry and data is only from 2001-2007. The results of the study will impact for regulation to lead listed companies have to disclosure the ultimate owner because it is a potential agency problem in Indonesia. The results also give information for potential and existing investor to give more pay attention on financial statements because it is potential to mislead on the statements. Keywords : Ultimate Ownership, Family, Firm Performance, Entrenchment Effect

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Azoury, Nehme, Andre Azouri, Elie Bouri, and Danielle Khalife. "Ownership concentration, ownership identity, and bank performance." Banks and Bank Systems 13, no. 1 (February 15, 2018): 60–71. http://dx.doi.org/10.21511/bbs.13(1).2018.06.

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This paper examines whether ownership concentration and certain type of ownership can affect the financial performance of Lebanese banks. It uses longitudinal data from the largest 35 Lebanese banks over the period 2009–2014 and employs the panel regression model. The empirical results show that ownership concentration and certain type of shareholders play an important role in the area of corporate governance in Lebanese banks. In particular, bank financial performance is positively associated with ownership concentration, managerial ownership, and foreign and institutional ownerships; however, family ownership is not related to bank performance. Also, this paper shows that both ownership concentration and managerial ownership have a U-shaped relationship with bank performance. Several robustness tests largely confirm the findings, with important implications for policy-makers. The findings are crucial to policy-makers and bankers who are interested in tailoring good corporate governance principles for the Lebanese banking sector.

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Nguyen, Tran Thai Ha, and Wing-Keung Wong. "Do State Ownership and Business Environment Explain Corporate Cash Holdings? Empirical Evidence from an Emerging Country." Asian Academy of Management Journal of Accounting and Finance 17, no. 1 (June 30, 2021): 1–33. http://dx.doi.org/10.21315/aamjaf2021.17.1.1.

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This study evaluates the relationship between state ownership and corporate cash holdings by taking into account the role of the business environment in the context of an emerging economy. Both linear and non-linear models are employed for listed enterprises’ financial data during the period from 2011 to 2019 in Vietnam. The empirical results show that state ownership reduces the corporate cash holdings in the linear model, and there is a U-shaped relation between corporate cash holdings and state ownership in a non-linear manner. By using the extended models, this study obtains consistent evidence to show that corporates reduce their cash holdings when the business environment becomes better and vice versa. Specifically, we find that the speed of cash adjustment in Vietnam is smaller than that in the developed countries, implying that corporates can shelter their liquid assets in order to avoid the negative effects stemming from agency problems between managers and state-shareholders. However, they are willing to hold more cash because of the mitigated agency problems in the case of the dominant state ownership. Ultimately, the business environment’s quality will have more power in determining the behaviour of corporates’ cash holding to meet market risks than state ownership. This study contributes to financial literature by determining the business environment’s critical role in the relationship between state ownership and corporate cash holdings.

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Santana-Martin, Domingo Javier, and Inmaculada Aguiar-Diaz. "Corporate ownership in Spain." Corporate Ownership and Control 5, no. 1 (2007): 322–31. http://dx.doi.org/10.22495/cocv5i1c4p1.

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In this paper we analyse the structure of ownership in non-financial Spanish listed companies in the period 1996-2002, focussing on the control chain methodology. The results obtained show that the main shareholder’s control threshold stands at about 29% of the voting rights and that in 2002 families were the ultimate owners in 52.7% of the firms. On the other hand, the use of pyramid structures continues to increase. In 2002, 29.1% of the companies were controlled in this way, which means that the ratio of voting rights to cash flow rights for this year was 0.89

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Lafontaine, Francine. "Franchising versus corporate ownership." Journal of Business Venturing 14, no. 1 (January 1999): 17–34. http://dx.doi.org/10.1016/s0883-9026(97)00102-x.

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Tanui, Peninah Jepkogei, Josephat Cheboi Yegon, and Ronald Bonuke. "Effect of Ownership Structure on Corporate Diversification of Listed Firms in Kenya." SEISENSE Journal of Management 2, no. 5 (August 21, 2019): 29–46. http://dx.doi.org/10.33215/sjom.v2i5.194.

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Purpose - This paper aimed to examine the moderating role of capital structure in the relationship between institutional and foreign ownerships on corporate diversification of listed firms at the Nairobi Securities Exchange, Kenya. Design/Methodology - The target population comprised of all the 65 listed firms at Nairobi Securities Exchange in Kenya. However, the inclusion criteria were based on all firms listed at the NSE from 2003 to 2017. Findings - Capital structure significantly moderated the relationship between institutional ownership and corporate diversification. However, there was a statistically insignificant moderating effect of capital structure in the relationship between foreign ownership and corporate diversification. Practical Implications - As to increase diversification, listed firms are suggested to have low levels of capital structure and institutional ownership. Furthermore, low levels of foreign ownership and high capital structure is vital in attaining high diversification levels. Originality - The study contribution is the moderating effect of capital structure in institutional ownership - corporate diversification linkage.

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Alnabsha, Abdalrhman, Hussein A. Abdou, Collins G. Ntim, and Ahmed A. Elamer. "Corporate boards, ownership structures and corporate disclosures." Journal of Applied Accounting Research 19, no. 1 (February 12, 2018): 20–41. http://dx.doi.org/10.1108/jaar-01-2016-0001.

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Purpose The purpose of this paper is to investigate the effect of corporate board attributes, ownership structure and firm-level characteristics on both corporate mandatory and voluntary disclosure behaviour. Design/methodology/approach Multivariate regression techniques are used to estimate the effect of corporate board and ownership structures on mandatory and voluntary disclosures of a sample of Libyan listed and non-listed firms between 2006 and 2010. Findings First, the authors find that board size, board composition, the frequency of board meetings and the presence of an audit committee have an impact on the level of corporate disclosure. Second, results indicate that ownership structures have a non-linear effect on the level of corporate disclosure. Finally, the authors document that firm age, liquidity, listing status, industry type and auditor type are positively associated with the level of corporate disclosure. Research limitations/implications Future research could investigate disclosure practices using other channels of corporate disclosure media, such as corporate websites. Useful insights may be offered also by future studies by conducting in-depth interviews with corporate managers, directors and owners regarding these issues. Practical implications The evidence relating to the important role that corporate governance mechanisms play in shaping the expectations relating to the level of corporate voluntary and/or mandatory disclosures may be useful in informing investor decisions, as well as future policy and regulatory initiatives. Originality/value This paper contributes to the existing literature by examining the governance-disclosure nexus relating to both mandatory and voluntary disclosures in both listed and non-listed firms operating in a developing country setting.

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Fauzi, Hasan, and Sami R. M. Musallam. "Corporate ownership and company performance: a study of Malaysian listed companies." Social Responsibility Journal 11, no. 3 (August 3, 2015): 439–48. http://dx.doi.org/10.1108/srj-05-2014-0064.

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Purpose – This study aims to examine the effects of corporate ownership (government-linked investment companies, GLICs), linearity of GLICs, board ownership and linearity of board ownership on company performance. Design/methodology/approach – Using panel data from companies that are listed on the Malaysian Stock Exchange during the period of 2000 to 2009, this study uses weighted least square models. Findings – The results show that GLICs ownership is positively and significantly related to company performance, while board ownership is negatively and significantly related to company performance. These findings suggest that GLICs ownership improves company performance, while board ownership destroys company performance. The results also show that while GLICs ownership has an inverted U-shaped relationship with company performance, board ownership has a U-shaped relationship with company performance. Research limitations/implications – The theoretical implication of this study is that agency problem decreases in companies with low and high levels of board ownership concentration, while it increases in companies with middle level of board ownership concentration. Furthermore, agency cost decreases in companies with a certain level of GLICs ownership concentration as the government’s New Economic Model (NEM) expects. However, agency cost increases in companies after a certain level of GLICs ownership concentration. Practical implications – In practical perspectives, this study provides evidence to policy makers that the government’s proposal to reduce GLICs’ investments in Malaysia and diversify them aboard as mentioned in NEM is supported because the decrease in GLICs stakes in certain level may increase company performance. On the other hand, if the policy of the government is to increase GLICs stakes, the company performance may decrease after a certain level of ownership concentration. This study also provides evidence that investors can invest in companies with low and high board ownership concentration. Furthermore, the NEM policy gives investors an opportunity to invest in the companies with GLICs. Reducing GLICs stakes in the Malaysian market and putting them in the international markets, as mentioned in the Malaysian Government’s NEM policy, will create more opportunities for international investors to invest their fund in the Malaysian market. Thus, the emerging markets exist. In addition, the NEM policy also encourages institutional ownerships like domestic and foreign to increase their stakes instead of GLICs in the Malaysian market. Originality/value – So far, most of the previous studies on GLICs and board ownerships in the Malaysian setting focused on the relationship of the ownership structure with company performance. However, no study has been done to examine the linearity effects of GLICs and board ownerships on company performance. The study is very important to perform to provide the policy makers and investors with clear guidance before their decisions.

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Gusti Ayu Putu, Wulan Rahmasari. "Pengaruh Kinerja Lingkungan, Corporate Governance Pada Pengungkapan Corporate Social Responsibility." Warmadewa Management and Business Journal (WMBJ) 2, no. 2 (August 5, 2020): 102–11. http://dx.doi.org/10.22225/wmbj.2.2.1938.102-111.

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his research examines the influence of environmental performance, institutional ownership, managerial ownership of corporate social responsibility disclosures by using mining companies incorporated in the Indonesia Stock Exchange (IDX) and also listed in PROPER. The sample meets the criteria of research is as much as 55 samples during the period of 2014-2018. The Data available is then processed using multiple regression analysis techniques. The results of the research were seen from the test value of T test that has been done and resulted in significant value that has been shown that environmental performance has an influence on CSR disclosure. Significant results are also obtained in managerial performance variables stating this variable affects CSR disclosures. While the institutional ownership variables have a significant value greater than 0.05 resulting from the outcome, institutional ownership is stated to have no effect on CSR disclosures. Keywords: environmental performance, institutional ownership, managerial ownership and corporate social responsibility disclosure

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Nguyen, Tran Thai Ha, Massoud Moslehpour, Thi Thuy Van Vo, and Wing-Keung Wong. "State Ownership and Risk-Taking Behavior: An Empirical Approach to Get Better Profitability, Investment, and Trading Strategies for Listed Corporates in Vietnam." Economies 8, no. 2 (June 3, 2020): 46. http://dx.doi.org/10.3390/economies8020046.

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Corporate risk-taking behavior and investment is a crucial factor in order to seek higher profits and a better trading strategy. Competitive advantage and innovation, while maintaining profitability and state ownership, are considered as crucial resources. Furthermore, it is essential to connect the short-term and long-term business and investment objectives plus stakeholder’s expectations to corporate sustainability and development. This connection is especially important in the context of transforming economies and getting better trading strategies. This study estimates the relationship between state ownership, profitability, corporate risk-taking behavior, and investment in Vietnam by using Generalized Method of Moments (GMM) methods. Using the data of 501 listed non-financial corporates during the period 2007–2015 from Ho Chi Minh City and Hanoi Stock Exchanges, we find that profitability is determined as a factor to reduce corporate risk-taking acceptance caused by the chances of entrenchment. Meanwhile, the impact of state ownership on the risk appetite of corporate has a non-linear effect. In particular, state ownership reduces corporate risk-taking behavior and investment but yet increases the risk-taking behavior and investment when the state ownership rate exceeds a threshold. One the one hand, this implies that the low level of state ownership not only prevents risk-taking behavior and investment but also results in more severe agency problems, causing unsustainability due to the imbalance of interests among various stakeholders. On the other hand, a dominant role of state ownership concentration causes a boost in corporate risk-taking decision-making in investment and trading strategy, leveraging the connection of significant external resources to deal with uncertain problems. The study contributes to existing theories of corporate governance in the context of a socialist-oriented market.

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Kalil, Nelson. "PREDICTION OF TAX AVOIDANCE BEHAVIOR AMONG TRANSPORTATION AND LOGISTIC SECTOR FIRMS IN BRAZIL." International Journal of Advanced Economics 1, no. 2 (June 22, 2020): 55–60. http://dx.doi.org/10.51594/ijae.v1i2.53.

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The study was focused towards investigation of corporate mechanisms on tax avoidance behavior of corporations. The study objective was to measure the effects of corporate governance mechanism on tax avoidance behavior of rims. Sector wise, the study focused on transportation and logistic sector in Brazil. The methodology was quantitative and data was from 2012 to 2017 from 18 selected firms listed in the stock exchange. Regression analysis is used for testing the hypothesis. The indicator of corporate governance included independent commissioner, managerial ownership, institutional ownership, size of directors, audit committee, liquidity, and company size. Findings shows that there is significant negative effects of institutional ownership and audit committee on firm tax avoidance behavior. These findings imply that there must be a strong audit committee and institutional ownership in order to avoid negative financial behavior by corporates in this particular sector.

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Song, Yuanyang, Peter T. Gianiodis, and Yuanxu Li. "Institutional Ownership and Corporate Philanthropic Giving in an Emerging Economy." Management and Organization Review 12, no. 2 (June 2016): 357–85. http://dx.doi.org/10.1017/mor.2015.33.

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ABSTRACTIn this study, we examine the effect of institutional ownership on corporate philanthropy in China, an emerging economy. Employing stakeholder identification and salience theory, we posit that institutional ownership positively influences corporate philanthropy, which varies for different types of institutional investors. We further argue that institutional ownership's influence is stronger when philanthropy is aligned with firm goals. Using data from Chinese publicly listed firms, we find a positive effect of institutional ownership on philanthropy, and this effect is stronger for domestic institutional owners when compared to foreign institutional owners, and long-term when compared to short-term institutional owners. We also find that the positive influence of institutional ownership is stronger in private firms and in regions with low institutional development – situations characterizing high alignment between philanthropy and firm goals. Our findings highlight the important role of institutional investors on corporate philanthropy decisions, which have implications for scholars studying and policy makers enacting corporate governance in emerging economies.

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Bokpin, Godfred A., Zangina Isshaq, and Francis Aboagye‐Otchere. "Ownership structure, corporate governance and corporate liquidity policy." Journal of Financial Economic Policy 3, no. 3 (August 9, 2011): 262–79. http://dx.doi.org/10.1108/17576381111152236.

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Rahmawaty, Rahmawaty, and Putra Maswan. "Determination of Corporate Social Responsibility Disclosure Based on the Ownership Structures: Evidence from Companies Listed on SRI-KEHATI Index." Journal of Accounting Research, Organization and Economics 3, no. 2 (August 31, 2020): 139–50. http://dx.doi.org/10.24815/jaroe.v3i2.16763.

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Objective – The ownership structure dispersed into state ownership, foreign ownership, institutional ownership, and corporate ownership. This study aims to examine the influence of ownership structure on Corporate Social Responsibility Disclosure which is measured by 40 Corporate Social Responsibility indicators developed by Dias in 2017. Design/methodology – This study utilizes the samples from companies listed on SRI-KEHATI Index for the year 2013-2017. Purposive sampling technique was applied resulting in 9 companies were chosen for a total 45 observation data. Multiple linear regression analysis is utilized for the hypotheses testing. Results – The result of this study revealed that all independent variables simultaneously influenced the dependent variable. Partially, foreign ownership and institutional ownership determined the Corporate Social Responsibility Disclosure, but there is no influence for state ownership and corporate ownership on Corporate Social Responsibility Disclosure.

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Jao, Robert. "PENGARUH KEPEMILIKAN TERKONSENTRASI DAN ASING TERHADAP REPUTASI PERUSAHAAN." JAZ:Jurnal Akuntansi Unihaz 4, no. 1 (August 15, 2021): 94. http://dx.doi.org/10.32663/jaz.v4i1.2090.

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The purpose of this study is to analyze the effect of the structure of concentrated ownership and foreign ownership on the corporate's reputation. The population in this study are companies on the Indonesia Stock Exchange (IDX) from 2017 to 2019. The sampling technique used was purposive sampling. The method used in this research is quantitative research methods. Data sources used are secondary data sources obtained from the Indonesia Stock Exchange (IDX) and the Corporate Image Award from 2017 to 2019, the type of documentary data used, namely the company's annual report and survey results from the Corporate Image Index from 2017 to 2019. The results showed that concentrated ownership and foreign ownership had a positive and significant effect on the company's reputation. The higher the concentrated share ownership and shares owned by foreign investors, the better the corporate's reputation.

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Makhdalena, Makhdalena. "PENGARUH OWNERSHIP STRUCTURE DAN CORPORATE PERFORMANCE TERHADAP FIRM VALUE." EKUITAS (Jurnal Ekonomi dan Keuangan) 20, no. 3 (February 2, 2017): 388. http://dx.doi.org/10.24034/j25485024.y2016.v20.i3.2075.

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Research on the ownership structure (foreign ownership, government ownership and public ownership), corporate performance and firm value has been carried out by researchers, but the results have not been consistent. Thus researchers interested in studying the structure of the ownership (foreign ownership, government ownership and public ownership), corporate performance and firm value. The purpose of this study was to examine and analyze the effect of ownership structure (foreign ownership, government ownership and public ownership) and corporate performance to firm value. The population of this research is the company listed in the Indonesia Stock Exchange that have complete data on foreign ownership, government ownership, public ownership, corporate performance and firm value for six consecutive years (2008-2013). Data type of variable of this research is secondary data obtained with techniques derived from ICMD documentation. Data analysis in this research is using regression. The results showed that foreign ownership, government ownership and public ownership had no effect on firm value and corporate performance positive effect on firm value.

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Madras Gartenberg, Claudine, and George Serafeim. "Corporate Purpose and Firm Ownership." Academy of Management Proceedings 2019, no. 1 (August 1, 2019): 14997. http://dx.doi.org/10.5465/ambpp.2019.191.

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Kim, Youngsik, Philip Park, and Jungbum Wee. "Corporate Ownership/Governance and Donation." Korean Academic Association of Business Administration 30, no. 7 (July 30, 2017): 1159–87. http://dx.doi.org/10.18032/kaaba.2017.30.7.1159.

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Salvioni, Daniela M., and Francesca Gennari. "Corporate governance, ownership and sustainability." Corporate Ownership and Control 13, no. 2 (2016): 606–12. http://dx.doi.org/10.22495/cocv13i2c3p9.

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The main finding of this article is that sustainability and the broader concept of social responsibility imply a change in the spirit of governance, which promotes the so-called ’de facto convergence’ between the different corporate governance systems existing all over the world. Substantial corporate governance convergence suggests that different countries may have different companies’ ownership structure, rules and institutions but the corporate boards may still be able to perform common goals, with attention to similar key performance indicators, such as ensuring fair disclosure or accountability. Companies that perform better with regard to the triple bottom line can increase shareholder value contributing, at the same time, to the sustainable development of the societies in which they operate.

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Di Giacomo, Mirko, and Marisa Cenci. "Corporate control and ownership networks." Corporate Ownership and Control 15, no. 4 (2018): 86–95. http://dx.doi.org/10.22495/cocv15i4art8.

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In this paper, authors consider ownership networks to quantify the ease with which a company can be controlled due to the shareholding relationships in which it is involved. These networks have been usually considered in a descriptive perspective, either to quantify the control exerted by an ultimate shareholder, especially in presence of complex patterns of indirect control, or as a subject of topological analysis. Recently, a new stream of literature arose, solving optimization problems on ownership networks. Among these tools, authors explicitly refer to the Indirect Control Problem (IC) (Martins & Neves, 2017), which determines the minimum cost control strategy of a set of Target company, namely a strategy to build a robust investment fund which includes the corporate control on one or more companies. In this paper, we combine the descriptive and the optimization approach, introducing a linear programming model, namely Cheapest Control Problem (CCP), contributing on both the descriptive and the optimization approach. In particular, authors propose CCP overcome some of the IC main limitations, i.e. the overestimation of control in presence of mutual cross-shareholdings. Furthermore, CCP solutions allow computing three indexes that measure the ease with which a company can be controlled depending on its ownership relationships. Finally, a case study is incorporated to compare IC and CCP solutions, discussing the informative power of the indices introduced.

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Zhang, Yi, and Xi Li. "Ownership Structure and Corporate Diversification." Business and Politics 8, no. 1 (April 2006): 1–19. http://dx.doi.org/10.2202/1469-3569.1144.

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This paper examines the motivation and impact of corporate diversification in Chinese listed firms. We find that in local government owned-firms there is a non-linear relationship between the level of firm diversification and state ownership. As state ownership increases from zero, the level of diversification decreases. After state ownership reaches a certain level, the level of diversification increases as state ownership increases. There is no evidence that ownership is related to corporate diversification in non-state-owned firms or central government-owned firms. We also document that diversification is negatively related to firm performance in local government-owned firms. However, there is no evidence that diversification is negatively related to the firm performance in non-state-owned firms or central government-owned firms. Our findings suggest that agency problems are responsible for local government owned-firms taking value-reducing diversification strategies.

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Amore, Mario Daniele, and Riccardo Marzano. "Corporate Ownership and Antitrust Violations." Journal of Law and Economics 65, no. 2 (May 1, 2022): 369–94. http://dx.doi.org/10.1086/717642.

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Abu Musa, Ahmed Abdel Salam Ahmed, Ali Abdel Karim Rawy, and Salwa Nasr Ali Mostafa. "Ownership Concentration and Corporate Governance." SVU Journal of Abstracts 1, no. 2 (December 13, 2019): 22. http://dx.doi.org/10.21608/svuja.2019.181642.

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Morgan, Glenn, and David Hooper. "Corporate Strategy, Ownership and Control." Sociology 21, no. 4 (November 1987): 609–27. http://dx.doi.org/10.1177/0038038587021004008.

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Schrader, David E. "THE ODDNESS OF CORPORATE OWNERSHIP." Journal of Social Philosophy 27, no. 2 (September 1996): 104–27. http://dx.doi.org/10.1111/j.1467-9833.1996.tb00240.x.

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La Porta, Rafael, Florencio Lopez-De-Silanes, and Andrei Shleifer. "Corporate Ownership Around the World." Journal of Finance 54, no. 2 (April 1999): 471–517. http://dx.doi.org/10.1111/0022-1082.00115.

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Moore, Gary S., and Gerald E. Smolen. "Corporate Ownership And Compact Costs." Journal of Applied Business Research (JABR) 7, no. 1 (October 20, 2011): 92. http://dx.doi.org/10.19030/jabr.v7i1.6265.

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Using definitions borrowed from property law, this paper contend shareholders receive less than complete ownership because the contract written by the state is deficient. This suggests that an additional residual property benefit exists in the firm separate and apart from both equity-holders and bondholder claims. Thus, the value of the firm is V = E + D + r, where V, E, and D are the market values of the firm, equity, and debt, respectively, and r is a residual value. The authors refer to this compact costs since it stems from the states faulty title document, and it explains investors paying a premium seeking corporate control.

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Al-Fayoumi, Nedal A., and Bana M. Abuzayed. "Ownership structure and corporate financing." Applied Financial Economics 19, no. 24 (December 2009): 1975–86. http://dx.doi.org/10.1080/09603100903266807.

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Demsetz, Harold, and Belén Villalonga. "Ownership structure and corporate performance." Journal of Corporate Finance 7, no. 3 (September 2001): 209–33. http://dx.doi.org/10.1016/s0929-1199(01)00020-7.

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Smith, Abbie J. "Corporate ownership structure and performance." Journal of Financial Economics 27, no. 1 (September 1990): 143–64. http://dx.doi.org/10.1016/0304-405x(90)90024-t.

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Chung, Kee H., and Hao Zhang. "Corporate Governance and Institutional Ownership." Journal of Financial and Quantitative Analysis 46, no. 1 (November 5, 2010): 247–73. http://dx.doi.org/10.1017/s0022109010000682.

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AbstractIn this study we examine the relation between corporate governance and institutional ownership. Our empirical results show that the fraction of a company’s shares that are held by institutional investors increases with the quality of its governance structure. In a similar vein, we show that the proportion of institutions that hold a firm’s shares increases with its governance quality. Our results are robust to different estimation methods and alternative model specifications. These results are consistent with the conjecture that institutional investors gravitate to stocks of companies with good governance structure to meet fiduciary responsibility as well as to minimize monitoring and exit costs.

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Spanò, Marcello. "Managerial Ownership and Corporate Hedging." Journal of Business Finance & Accounting 34, no. 7-8 (September 2007): 1245–80. http://dx.doi.org/10.1111/j.1468-5957.2007.02024.x.

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Navissi, Farshid, and Vic Naiker. "Institutional ownership and corporate value." Managerial Finance 32, no. 3 (March 2006): 247–56. http://dx.doi.org/10.1108/03074350610646753.

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Calza, Francesco, Giorgia Profumo, and Ilaria Tutore. "Corporate Ownership and Environmental Proactivity." Business Strategy and the Environment 25, no. 6 (October 31, 2014): 369–89. http://dx.doi.org/10.1002/bse.1873.

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Bergström, Clas, and Kristian Rydqvist. "The determinants of corporate ownership." Journal of Banking & Finance 14, no. 2-3 (August 1990): 237–53. http://dx.doi.org/10.1016/0378-4266(90)90048-7.

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Chen, Haiyang, J. Lawrence Hexter, and Michael Y. Hu. "Management ownership and corporate value." Managerial and Decision Economics 14, no. 4 (July 1993): 335–46. http://dx.doi.org/10.1002/mde.4090140406.

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Villalonga, Belén, and Raphael Amit. "Family ownership." Oxford Review of Economic Policy 36, no. 2 (2020): 241–57. http://dx.doi.org/10.1093/oxrep/graa007.

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Abstract This article reviews the existing literature about the most prevalent form of corporate ownership around the world: ownership by individuals—particularly founders—and families. We summarize the existing evidence about the prevalence and persistence of family ownership around the world, along with its impact on performance—both financial and non-financial—relative to other types of corporate ownership. We discuss how and why these empirical facts and findings come about—why owners in general, and family owners in particular, are critical drivers of firm behaviour and performance, and how they are able to exercise their influence over corporations in which other shareholders, such as institutional investors, and other stakeholders can also play an important role.

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Wiguna, Rama Andi, and Muhammad Yusuf. "PENGARUH PROFITABILITAS DAN GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN." ECONBANK: Journal of Economics and Banking 1, no. 2 (November 27, 2019): 158–73. http://dx.doi.org/10.35829/econbank.v1i2.47.

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This research aimed to get empirical evidence about the effect of profitability and good corporate governance as proxied by the proportion of independent board commissioners, number of board commissioners meetings, proportion of audit committee, number of audit committee meetings, managerial ownersip and institutional ownership. The population of this research was companies listed on the Indonesia Stock Exchange in 2016-2017. The sample of this research was fixed by purposive sampling method so that was found 88 samples. Technique of data analysis was multiple linear regression. The result of research showed that profibility, the proportion of independent board commissioners, proporsion of audit committee, managerial ownership and institutional ownership had significant positive effect on firm value, while commissioners meetings and audit committee meetings had no effect on firm value

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Murwaningsari, Etty. "THE RELATIONSHIP OF CORPORATE GOVERNANCE, CORPORATE SOCIAL RESPONSIBILITIES AND CORPORATE FINANCIAL PERFORMANCE IN ONE CONTINUUM." Indonesian Management and Accounting Research 9, no. 1 (March 13, 2019): 78. http://dx.doi.org/10.25105/imar.v9i1.1289.

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This study aims to identify the impact of Good Corporate Governance, represented by institutional ownership and managerial ownership, on Corporate Social Responsibility and Corporate Financial Performance.It examines 126 manufacturing companies listed at the Indonesian Stock Exchange (IDX) and have issued audited financial statements for 2006. The statistical method used to test the hypothesis is Path Analysis. The main results suggest that Good Corporate Governance has effects on both Corporate Social Responsibility and Corporate Financial Performance whereas Corporate Social Responsibility has significant effects on Corporate Financial Performance. The other results regarding controlling variables suggest that CEO Tenure, has significant effects on Corporate Social Responsibility. Yet, there is no strong evidence to support that types of industry serve as an influencing factor on Corporate Social Responsibility as well as no influence of Corporate Secretary and Nomination and Remuneration Committee on Corporate Financial Performance.Keyword: corporate governance, corporate social responsibilities, corporate financial performance, Tobin's Q, institutional ownership, managerial ownership.

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Ariful Habib, Anang, Muhammad Miqdad, and Yosefa Sayekti. "Ownership Structure, Corporate Governance, and Corporate Social Responsibility with Financial Performance as Intervening." Wiga : Jurnal Penelitian Ilmu Ekonomi 10, no. 2 (September 30, 2020): 118–31. http://dx.doi.org/10.30741/wiga.v10i2.565.

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Corporate Social Responsibility (CSR) programs are carried out by entities in the hope of getting legitimacy and positive values from the community. So, companies can survive and develop, and it can increase profitability in the future. CSR has a relationship with Good Corporate Governance (GCG), Ownership Structure, and Financial Performance. This research aims to analyze the effect of the ownership structure and good corporate governance on corporate social responsibility disclosure through finance performance. The interpretation technique of the sample that is used in this research is purposive sampling. That is the manufacturing company listed on the IDX period 2017 – 2019. The data analysis method that is used is the path analysis. The resulting research is the managerial ownership influence at finance performance significantly. Institutional ownership is not influenced by finance performance. The foreign ownership influence at finance performance significantly. The measure of commissioner council influence at finance performance significantly. The Audit Committee has a positive effect on financial performance. Managerial ownership has a positive effect on CSR. Institutional ownership is no significant effect on CSR. Foreign ownership has a significant effect on CSR. The measure of Commissioners council has a significant effect on CSR. The Audit Committee has a significant effect on CSR. Financial performance has a significant effect on CSR.

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Castellini, Monia, and Otuo Serebour Agyemang. "Ownership and board structures to ensuring effective corporate governance through ownership and board control systems." Corporate Ownership and Control 9, no. 2 (2012): 343–54. http://dx.doi.org/10.22495/cocv9i2c3art4.

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In order to promote accountability, probity and transparency, corporations must indulge in good corporate governance practices. This paper reviews extant literature on corporate governance; construct a framework that links corporate governance mechanisms to good corporate governance through board and ownership control systems and thereafter, develops a testable proposition. It also indicates ways in which the various variables in the framework can be measured. The principal recommendation is since most of the variables in the framework cannot be measured quantitatively, this paper recommends corporate governance investigators to adhere to qualitative research approach.

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46

Khlif, Hichem, Kamran Ahmed, and Mohsen Souissi. "Ownership structure and voluntary disclosure: A synthesis of empirical studies." Australian Journal of Management 42, no. 3 (June 27, 2016): 376–403. http://dx.doi.org/10.1177/0312896216641475.

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In this article, we meta-analyse 69 empirical studies assessing the association between corporate voluntary disclosure and ownership concentration and types, and how institutional characteristics and research design moderate these relationships. Our overall analyses show that state, foreign and institutional ownerships have a positive effect but managerial ownership and ownership concentration have a negative effect on voluntary disclosure. Since the overall effect may conceal the underlying factors that cause heterogeneity in the effect size distribution, we select two important institutional factors: country-level investor protection and the equity market development, and research design and journal quality, to explain the mixed and conflicting findings. Our results emphasise the need to consider legal and institutional characteristics, and researcher induced-artefacts, in understanding the role of ownership structure and identity in corporate voluntary disclosure.

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Phung, Duc Nam, Thi Bich Nguyet Phan, Thi Lien Hoa Nguyen, and Thi Phuong Vy Le. "Ownership structure and corporate diversification decision: a study of Vietnamese listed firms." Corporate Ownership and Control 13, no. 3 (2016): 226–33. http://dx.doi.org/10.22495/cocv13i3c1p9.

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This research examines the impact of the ownership structure on corporate diversification decision of listed firms in Vietnam over the period of 2007 and 2012. The empirical results from logit model show that while state ownership has positive impact on corporate diversification decisions of the firms, foreign ownership has negative impact on corporate diversification decision of the firms. This implies that government ownership tends to encourage corporate diversification strategy, while foreign ownership may plays monitoring role and discourage corporate diversification strategy in emerging market context.

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Lelia Voinea, Cosmina, Cosmin Fratostiteanu, and Bas Romein. "The Influence of Governance and Ownership on CSR Practices in Romania." European Journal of Sustainable Development 8, no. 3 (October 1, 2019): 313. http://dx.doi.org/10.14207/ejsd.2019.v8n3p313.

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Ownership structure represents the distribution of equity with regard to votes and capital but also by the identity of the equity owners. These structures are of major importance in corporate governance because they determine the incentives of managers and thereby the economic efficiency of the corporations they manage. This papers analyzes the relationship between governance, ownership structure and CSR practices among companies in Romania. The results of this study allows corporates and the public to formulate a well substantiated opinion on the way particular organizations carry out their businesses in Romania regarding CSR where CSR practices reflect culture and are partially county and ownership specific. The CSR practices implemented in Romania may not always reflect the societal views but rather the public ownership / government views, on what is thought to be important. Keywords: governance, ownership, emerging economies, Romania, corporate social responsibility, CSR practices

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Situmorang, Christian Meichael Renaldo, and I. Made Sudana. "Good Corporate Governance dan Kinerja Perusahaan BUMN yang Terdaftar di Bursa Efek Indonesia Tahun 2005-2013." Jurnal Manajemen dan Bisnis Indonesia 2, no. 3 (June 1, 2015): 305–24. http://dx.doi.org/10.31843/jmbi.v2i3.57.

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This study aims to determine the effect of good corporate governance on corporateâ€™s financial performance and market value. Comprehensively, the influence of good corporate governance is proxied by corporate governance perception index and partially are proxied by the quality of information disclosure, independent commisioner, board size, remuneration and nomination committee, institutional ownership, and managerial ownership. The company's financial performance is proxied by the return on assets and market value is proxied by Tobins'q. The study also use other variables, they are firm size, economic conditions, and leverage. The sample used in this study is a non-financial state-owned enterprises that is listed on the Indonesia Stock Exchange in the year of 2005 to 2013The analysis technique used is multiple linear regression. Corporate governance perception index has an unsignificant positive effect on the firmâ€™s financial performance and market value. The quality of information disclosure, institutional ownership, and managerial ownership have a significant positive effect on firmâ€™s performane. Board size, remuneration and nomination committee, company size, and economi conditions have an unsignificant positive effect on the firmâ€™s financial performance and market value, while independent commisioner and leverage have an unsignficant negative impact on the firmâ€™s financial performance and market value. Keywords: good corporate governance, corporate governance perception index, return on assets, Tobinsâ€™q

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Agustia, Dian, Wiwiek Dianawati, and Dwi R. A. Indah. "Managerial Ownership, Corporate Social Responsibility Disclosure and Corporate Performance." Management of Sustainable Development 10, no. 2 (December 1, 2018): 67–71. http://dx.doi.org/10.2478/msd-2019-0011.

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Abstract The main objective of this study is to prove empirically the impact of good corporate governance on corporate performance with corporate social responsibility disclosure as an intervening variable on manufacturing companies listed on the Indonesia Stock Exchange (ISX) of the 2013-2015. The sample chosen used purposive sampling method and 56 companies were obtained. The path analysis method was used as the analysis technique which was solved by gradual regression analysis, with a significant value of 5%. The results of this study show that (1) managerial ownership effected on corporate social responsibility disclosure. (2). Corporate social responsibility disclosure has an effect on corporate performance. (3) Managerial ownership does not affect corporate performance, and (4) corporate social responsibility disclosure mediates the impacts of managerial ownership against corporate performance.

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Journal articles on the topic 'Corporate Ownership'

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