IDEAS home Printed from https://ideas.repec.org/a/taf/repmxx/v22y2016i1p63-73.html
   My bibliography  Save this article

Ownership Structure, Diversification, and Corporate Performance Based on Structural Equation Modeling

Author

Listed:
  • Hong Zhang
  • Shuai Gao
  • Michael J. Seiler
  • Chen Jiawei

Abstract

Instead of disparately measuring relations between pairs of two measurements, in this study we use structural equation modeling to simultaneously measure the intricate inter-relationships amongst ownership structure, diversification, and corporate performance. We find that ownership concentration is positively related to corporate performance, the degree of diversification and corporate performance are negatively related, and that when examining the mediator effect of diversification between ownership structure and corporate performance, corporations decrease diversification to maintain corporate value.

Suggested Citation

  • Hong Zhang & Shuai Gao & Michael J. Seiler & Chen Jiawei, 2016. "Ownership Structure, Diversification, and Corporate Performance Based on Structural Equation Modeling," Journal of Real Estate Portfolio Management, Taylor & Francis Journals, vol. 22(1), pages 63-73, January.
    • Handle: RePEc:taf:repmxx:v:22:y:2016:i:1:p:63-73
    DOI: 10.1080/10835547.2016.12089980
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10835547.2016.12089980
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/10835547.2016.12089980?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:repmxx:v:22:y:2016:i:1:p:63-73. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/repm20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.