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Impact of Country-Level Governance and Ownership Concentration on Firm Value in Central Europe

Author

Listed:
  • Shahriar Ahanaf

    (Department of Business and Technology Management, Islamic University of Technology, Gazipur, Bangladesh)

  • Mehzabin Saima

    (Department of Business and Technology Management, Islamic University of Technology, Gazipur, Bangladesh)

  • Azad Md. Abul Kalam

    (Department of Business and Technology Management, Islamic University of Technology, Gazipur, Bangladesh)

Abstract

Purpose: The article considers country-level governance factors (legal/regulatory system and financial development) and ownership concentration that impact the value of non-financial firms in Central European nations, specifically by describing a study done in Austria, Czech Republic, Germany, Hungary, Slovenia, and Switzerland.

Suggested Citation

  • Shahriar Ahanaf & Mehzabin Saima & Azad Md. Abul Kalam, 2022. "Impact of Country-Level Governance and Ownership Concentration on Firm Value in Central Europe," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 30(2), pages 153-170, June.
    • Handle: RePEc:vrs:jmbace:v:30:y:2022:i:2:p:153-170:n:3
    DOI: 10.7206/cemj.2658-0845.79
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    References listed on IDEAS

    as
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    10. Morey, Matthew & Gottesman, Aron & Baker, Edward & Godridge, Ben, 2009. "Does better corporate governance result in higher valuations in emerging markets? Another examination using a new data set," Journal of Banking & Finance, Elsevier, vol. 33(2), pages 254-262, February.
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    More about this item

    Keywords

    Central Europe; country governance; legal and regulatory systems; financial development; ownership concentration;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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