June 1, 2011 Thesis Open Access

Mikael Belay

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{
  "description": "<p>This paper explores the influence of ownership structure and firm performance among<br>\nselected Ethiopian companies. The data collected for this research is for the period<br>\n2008-2010 and the sample consists of 23 companies among which 5 are sole<br>\nproprietorship, 8 partnership and 10 share companies. Three specific research<br>\nquestions are applied to explore the relationships between the ownership structure<br>\n(characterized by owners&rsquo; identity and ownership concentration) and firm<br>\nperformance. Ownership concentration is measured by the percentage of shares<br>\nowned by the largest five shareholders and HHI while the performance measures<br>\napplied are ROA and ROE. While analyzing the linear regression, the ownership<br>\nstructure measures were treated as independent variables and the firm performance<br>\nmeasures were treated as dependent variables controlling for firm size, firm age and<br>\ndebt ratio. The results indicate that there is no statistically significant performance<br>\ndifference between solely owned, partner controlled and diffused firms. However, the<br>\nlinear regression analysis shows that young solely owned firms have better<br>\nperformance compared to old solely owned firms. The other result shows that, there<br>\nare positive relationships between institutional and foreign ownership and firm<br>\nperformance measures. Whereas, the correlation of government ownership and firm<br>\nperformance measure reveals a negative sign</p>", 
  "license": "http://www.opendefinition.org/licenses/cc-by", 
  "creator": [
    {
      "@type": "Person", 
      "name": "Mikael Belay"
    }
  ], 
  "headline": "The Influence of Ownership Structure on Corporate Performance; Evidence from selected Ethiopian companies", 
  "image": "https://zenodo.org/static/img/logos/zenodo-gradient-round.svg", 
  "datePublished": "2011-06-01", 
  "url": "https://nadre.ethernet.edu.et/record/4018", 
  "@context": "https://schema.org/", 
  "identifier": "https://doi.org/10.20372/nadre:4018", 
  "@id": "https://doi.org/10.20372/nadre:4018", 
  "@type": "ScholarlyArticle", 
  "name": "The Influence of Ownership Structure on Corporate Performance; Evidence from selected Ethiopian companies"
}