June 1, 2011 Thesis Open Access

Mikael Belay

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  <identifier identifierType="DOI">10.20372/nadre:4018</identifier>
  <creators>
    <creator>
      <creatorName>Mikael Belay</creatorName>
    </creator>
  </creators>
  <titles>
    <title>The Influence of Ownership Structure on Corporate Performance; Evidence from selected Ethiopian companies</title>
  </titles>
  <publisher>Zenodo</publisher>
  <publicationYear>2011</publicationYear>
  <dates>
    <date dateType="Issued">2011-06-01</date>
  </dates>
  <resourceType resourceTypeGeneral="Text">Thesis</resourceType>
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    <alternateIdentifier alternateIdentifierType="url">https://nadre.ethernet.edu.et/record/4018</alternateIdentifier>
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    <relatedIdentifier relatedIdentifierType="DOI" relationType="IsVersionOf">10.20372/nadre:4017</relatedIdentifier>
    <relatedIdentifier relatedIdentifierType="URL" relationType="IsPartOf">https://nadre.ethernet.edu.et/communities/aau</relatedIdentifier>
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  <rightsList>
    <rights rightsURI="http://www.opendefinition.org/licenses/cc-by">Creative Commons Attribution</rights>
    <rights rightsURI="info:eu-repo/semantics/openAccess">Open Access</rights>
  </rightsList>
  <descriptions>
    <description descriptionType="Abstract">&lt;p&gt;This paper explores the influence of ownership structure and firm performance among&lt;br&gt;
selected Ethiopian companies. The data collected for this research is for the period&lt;br&gt;
2008-2010 and the sample consists of 23 companies among which 5 are sole&lt;br&gt;
proprietorship, 8 partnership and 10 share companies. Three specific research&lt;br&gt;
questions are applied to explore the relationships between the ownership structure&lt;br&gt;
(characterized by owners&amp;rsquo; identity and ownership concentration) and firm&lt;br&gt;
performance. Ownership concentration is measured by the percentage of shares&lt;br&gt;
owned by the largest five shareholders and HHI while the performance measures&lt;br&gt;
applied are ROA and ROE. While analyzing the linear regression, the ownership&lt;br&gt;
structure measures were treated as independent variables and the firm performance&lt;br&gt;
measures were treated as dependent variables controlling for firm size, firm age and&lt;br&gt;
debt ratio. The results indicate that there is no statistically significant performance&lt;br&gt;
difference between solely owned, partner controlled and diffused firms. However, the&lt;br&gt;
linear regression analysis shows that young solely owned firms have better&lt;br&gt;
performance compared to old solely owned firms. The other result shows that, there&lt;br&gt;
are positive relationships between institutional and foreign ownership and firm&lt;br&gt;
performance measures. Whereas, the correlation of government ownership and firm&lt;br&gt;
performance measure reveals a negative sign&lt;/p&gt;</description>
  </descriptions>
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