Effect of ownership structure on firm performance

In this study, I examine the relation between ownership structure and firm performance. The sample consists of 80 Dutch listed firms. Ownership structure is divided into inside ownership and outside ownership. Inside ownership is divided in family ownership and managerial ownership. The results show a significant positive relation for family ownership and firm performance, this indicates that family ownership does improve firm performance. Outside ownership is divided in corporate ownership, institutional ownership and governmental ownership. The results show a significant relation between governmental ownership and firm performance, this indicates that governmental ownership does improve firm performance.