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

Author

Listed:
  • Jira Yammeesri
  • Sudhir C. Lodh
  • Siriyama Kanthi Herath

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.

Suggested Citation

  • Jira Yammeesri & Sudhir C. Lodh & Siriyama Kanthi Herath, 2006. "Influence of ownership structure and corporate performance precrisis: evidence from Thailand," International Journal of Electronic Finance, Inderscience Enterprises Ltd, vol. 1(2), pages 181-199.
    • Handle: RePEc:ids:ijelfi:v:1:y:2006:i:2:p:181-199
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    Citations

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    Cited by:

    1. Mona Mortazian & Seyedeh Asieh H. Tabaghdehi & Bryan Mase, 2019. "Large Shareholding and Firm Value in the Alternative Investment Market (AIM)," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 26(2), pages 229-252, June.
    2. Kun Tracy Wang & Greg Shailer, 2018. "Does Ownership Identity Matter? A Meta‐analysis of Research on Firm Financial Performance in Relation to Government versus Private Ownership," Abacus, Accounting Foundation, University of Sydney, vol. 54(1), pages 1-35, March.
    3. Essia Ries Ahmed & Md. Aminul Islam & Fatma Nasser Al-Harthy, 2013. "The Relationship between Shareholders and Shubuhat: A Study on the Islamic Banks in Malaysia," Journal of Asian Scientific Research, Asian Economic and Social Society, vol. 3(6), pages 538-548, June.
    4. Kun Wang & Greg Shailer, 2015. "Ownership Concentration And Firm Performance In Emerging Markets: A Meta-Analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 29(2), pages 199-229, April.
    5. Mioduchowska-Jaroszewicz Edyta, 2020. "An Analysis of Entrepreneurship in Family-Owned Stock Companies," Folia Oeconomica Stetinensia, Sciendo, vol. 20(1), pages 266-285, June.
    6. Wang, Kun Tracy & Shailer, Greg, 2017. "Family ownership and financial performance relations in emerging markets," International Review of Economics & Finance, Elsevier, vol. 51(C), pages 82-98.
    7. Tutun Mukherjee & Som Sankar Sen, 2022. "Impact of CEO attributes on corporate reputation, financial performance, and corporate sustainable growth: evidence from India," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-50, December.

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