Influence of ownership structure and corporate performance precrisis : evidence from Thailand

Jira Yammeesri, Sudhir Lodh, Siriyama Kanthi Herath

    Research output: Contribution to journalArticle

    19 Citations (Scopus)

    Abstract

    This study examines the effect of ownership structure on corporate performance of Thai non-financial firms between 1993 and 1996. The ownership structure is considered as: 1. concentrated ownership, 2. different types of concentrated ownership and 3. managerial ownership. It adopted Market Returns (MR) and accounting ratios as measures of performance. It reports that there is a positive association between concentrated ownership and firm performance. The results show that different types of concentrated ownership have positive relationships to performance measures. It, however, does not find any evidence to support the existence of a non-linear relationship between managerial ownership and firm performance.
    Original languageEnglish
    Number of pages19
    JournalInternational Journal of Electronic Finance
    Publication statusPublished - 2006

    Keywords

    • concentrated ownership
    • electronic finance
    • firm performance
    • managerial ownership
    • non-financial firms
    • ownership structure

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