A meta-analytic vision of the effect of ownership structure on firm performance

被引:91
|
作者
Sanchez-Ballesta, Juan P. [1 ]
Garcia-Meca, Emma [1 ]
机构
[1] Univ Murcia Accounting & Finance, Fac Econ & Empresa, Murcia 30100, Spain
关键词
meta-analysis; ownership structure; firm performance; corporate governance;
D O I
10.1111/j.1467-8683.2007.00604.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
There is a considerable volume of research on the effects of ownership structure on firm performance. However, the empirical results in this field are often conflicting and inconsistent. A meta-analysis based on 33 studies allows an integration of the results on the association between insider ownership, ownership concentration and firm performance. The findings show that governance system, measurement of performance, and control for endogeneity moderate the effect of ownership on firm performance.
引用
收藏
页码:879 / 893
页数:15
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