June 1, 2011 Thesis Open Access

Mikael Belay

MARC21 XML Export

<?xml version='1.0' encoding='UTF-8'?>
<record xmlns="http://www.loc.gov/MARC21/slim">
  <leader>00000nam##2200000uu#4500</leader>
  <controlfield tag="005">20241126114435.0</controlfield>
  <controlfield tag="001">4018</controlfield>
  <datafield tag="856" ind1="4" ind2=" ">
    <subfield code="s">647925</subfield>
    <subfield code="z">md5:d45cbd5fd89e1d88df48cadeabb670f7</subfield>
    <subfield code="u">https://zenodo.org/record/4018/files/f1042664640.pdf</subfield>
  </datafield>
  <datafield tag="542" ind1=" " ind2=" ">
    <subfield code="l">open</subfield>
  </datafield>
  <datafield tag="260" ind1=" " ind2=" ">
    <subfield code="c">2011-06-01</subfield>
  </datafield>
  <datafield tag="909" ind1="C" ind2="O">
    <subfield code="p">user-aau</subfield>
    <subfield code="p">user-zenodo</subfield>
    <subfield code="o">oai:zenodo.org:4018</subfield>
  </datafield>
  <datafield tag="100" ind1=" " ind2=" ">
    <subfield code="a">Mikael Belay</subfield>
  </datafield>
  <datafield tag="245" ind1=" " ind2=" ">
    <subfield code="a">The Influence of Ownership Structure on Corporate Performance; Evidence from selected Ethiopian companies</subfield>
  </datafield>
  <datafield tag="980" ind1=" " ind2=" ">
    <subfield code="a">user-aau</subfield>
  </datafield>
  <datafield tag="980" ind1=" " ind2=" ">
    <subfield code="a">user-zenodo</subfield>
  </datafield>
  <datafield tag="540" ind1=" " ind2=" ">
    <subfield code="u">http://www.opendefinition.org/licenses/cc-by</subfield>
    <subfield code="a">Creative Commons Attribution</subfield>
  </datafield>
  <datafield tag="650" ind1="1" ind2="7">
    <subfield code="a">cc-by</subfield>
    <subfield code="2">opendefinition.org</subfield>
  </datafield>
  <datafield tag="520" ind1=" " ind2=" ">
    <subfield code="a">&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;</subfield>
  </datafield>
  <datafield tag="773" ind1=" " ind2=" ">
    <subfield code="n">doi</subfield>
    <subfield code="i">isVersionOf</subfield>
    <subfield code="a">10.20372/nadre:4017</subfield>
  </datafield>
  <datafield tag="024" ind1=" " ind2=" ">
    <subfield code="a">10.20372/nadre:4018</subfield>
    <subfield code="2">doi</subfield>
  </datafield>
  <datafield tag="980" ind1=" " ind2=" ">
    <subfield code="a">publication</subfield>
    <subfield code="b">thesis</subfield>
  </datafield>
</record>