Relevance of ownership structure on profitability and financial policies
This study examines empirically the impact of ownership structures on a firm's financial performance, dividend and financial policies adopted and directors' remuneration package. Based on agency theory, we postulate that ownermanaged firms outperform non-owner managed firms. This...
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sg-ntu-dr.10356-585932023-05-19T03:30:05Z Relevance of ownership structure on profitability and financial policies Ang, Suat Ching Koh, Hui Lan Lee, Lai Hiang Nanyang Business School Lee Lip Nyean DRNTU::Business This study examines empirically the impact of ownership structures on a firm's financial performance, dividend and financial policies adopted and directors' remuneration package. Based on agency theory, we postulate that ownermanaged firms outperform non-owner managed firms. This study is carried out based on a sample of firms listed on the Stock Exchange of Singapore. We relax the assumption of homogeneity within the owner-managed and nonowner managed firms to evaluate the effect of different ownership structures on performance. While the tests fail to reveal any significant differences between the performance of our sampled firms, they provide valuable insight into the role which ownership structures play in determining a firm 's financial performance, capital structure, dividend policies adopted as well as the directors' remuneration schemes. ACCOUNTANCY 2014-04-08T08:49:13Z 2014-04-08T08:49:13Z 1995 1995 Final Year Project (FYP) http://hdl.handle.net/10356/58593 en Nanyang Technological University 115 p. application/pdf |
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DRNTU::Business Ang, Suat Ching Koh, Hui Lan Lee, Lai Hiang Relevance of ownership structure on profitability and financial policies |
description |
This study examines empirically the impact of ownership structures on a firm's
financial performance, dividend and financial policies adopted and directors'
remuneration package. Based on agency theory, we postulate that ownermanaged
firms outperform non-owner managed firms. This study is carried out
based on a sample of firms listed on the Stock Exchange of Singapore.
We relax the assumption of homogeneity within the owner-managed and nonowner
managed firms to evaluate the effect of different ownership structures on
performance. While the tests fail to reveal any significant differences between
the performance of our sampled firms, they provide valuable insight into the
role which ownership structures play in determining a firm 's financial
performance, capital structure, dividend policies adopted as well as the
directors' remuneration schemes. |
author2 |
Nanyang Business School |
author_facet |
Nanyang Business School Ang, Suat Ching Koh, Hui Lan Lee, Lai Hiang |
format |
Final Year Project |
author |
Ang, Suat Ching Koh, Hui Lan Lee, Lai Hiang |
author_sort |
Ang, Suat Ching |
title |
Relevance of ownership structure on profitability and financial policies |
title_short |
Relevance of ownership structure on profitability and financial policies |
title_full |
Relevance of ownership structure on profitability and financial policies |
title_fullStr |
Relevance of ownership structure on profitability and financial policies |
title_full_unstemmed |
Relevance of ownership structure on profitability and financial policies |
title_sort |
relevance of ownership structure on profitability and financial policies |
publishDate |
2014 |
url |
http://hdl.handle.net/10356/58593 |
_version_ |
1770567510190456832 |