University of Twente Student Theses
The effect of Ownership Concentration on Financial Recovery Time of Western European non-financial firms in Financial Distress
Wetting, T. (2020) The effect of Ownership Concentration on Financial Recovery Time of Western European non-financial firms in Financial Distress.
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| Abstract: | Firms in financial distress have a big negative impact on all stakeholders. Hence, these firms want to recover to a healthy financial performance, especially to prevent default. The speed of recovery matters, since the firm can suffer from new investments and experiencing more financing constrains because of the higher risk exposure. Improved firm performance is crucial to achieve a shorter firm recovery. Prior studies regarding the agency theory, suggest that a higher ownership concentration would lead to a better firm performance. This study expands the literature in the field of the influence of ownership concentration on firm performance at 67 non-financial firms in Western European countries. According to the results, a higher ownership concentration leads to a shorter firm recovery. This would suggest that the findings of the agency theory are applicable during the setting of this study. |
| Item Type: | Essay (Master) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 83 economics, 85 business administration, organizational science |
| Programme: | Business Administration MSc (60644) |
| Link to this item: | https://purl.utwente.nl/essays/85399 |
| Export this item as: | BibTeX EndNote HTML Citation Reference Manager |
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