Effect of ownership structure on corporate performance

Subject Areas :

علی Rahmani ¹ , SH Mashaikh ² , مهدیه Popazam ³

1 - استادیار دانشگاه آزاد اسلامی واحد گچساران
2 - استادیار دانشگاه فردوسی مشهد
3 - کارشناس ارشد حسابداری دانشگاه آزاد اسلامی واحد مرودشت

Received: 2015-05-10 Accepted : 2015-05-10 Published : 2011-05-22

Keywords:

Abstract :

This research examines the effects of ownership structure on firm performance. Performance indices include return on assets, cash flow return on assets, return on sales, sales per employee and Tobin`s Q. The performance of companies whose majority shareholder between 2004 -2008 was one of the four types of government, public- non-government, public- semi government and private sector, was examined. For each three first group, a representative was chosen and its subsidiaries were examined. The results of hypothesis testing by using regression model showed that ownership structure has effects on the performance of firms. Also results showed companies whose majority shareholder is public- semi government group have better performance than others. Government group, public- non-government group and private sector are respectively in the next classes.

References:

 

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