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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Main Authors: Ang, Suat Ching, Koh, Hui Lan, Lee, Lai Hiang
Other Authors: Nanyang Business School
Format: Final Year Project
Language:English
Published: 2014
Subjects:
Online Access:http://hdl.handle.net/10356/58593
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Institution: Nanyang Technological University
Language: English
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spelling 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
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Business
spellingShingle 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
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