Ownership Structure and Firm Performance: An Analysis of Publicly Listed Firms in The Netherlands

Coenen, M.H.J. (2015) Ownership Structure and Firm Performance: An Analysis of Publicly Listed Firms in The Netherlands.

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Abstract:This study’s main goal is to find an answer to the question what effect the ownership structure of Dutch publicly listed firms have on their performance. It was expected that there is a positive effect at first, but that this positive effect would become negative when ownership becomes too concentrated. This relationship was tested by calculating the ownership concentration levels for Dutch publicly listed firms by using two measures of ownership concentration: the share of capital held by the five largest shareholders and the share of capital held by the largest shareholder. Firm performance was measured by using three variables: the ROA and MBV ratios and Sales Growth. The effect of ownership identity on performance was also examined. The results of the regression analyses show that there is not a lot of statistically significant evidence available that supports the view that the ownership structures of firms have a large effect on firm performance. Statistically significant evidence is found, however, after adjusting the original models during the robustness checks.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
Link to this item:http://purl.utwente.nl/essays/67377
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