Ownership structure and firm performance : evidence from Belgium

In this study, the relationship between ownership structure and firm performance is examined in a Belgian context. Ownership structure is divided into ownership concentration and ownership identity, of which the latter consists of managerial ownership, family ownership, corporate ownership, institutional ownership, and government ownership. Based on a sample of 102 Belgian listed firms, most listed on the Euronext Brussel, for the year 2017, ordinary least squares (OLS) regression analysis is conducted. Further research is needed to assess the validity and consistency of these results. This study mainly contributes to the scarce relational research that has been conducted in a Belgian context on this topic, especially after the transparency law in 2007.