The Effect of Ownership Structure on Corporate Financial Performance

Ing. Robbert Kluwer

Master's thesis

Anotácia:

Since 1924 people have been contemplating about the influence of the power struggle between the owners of a firm and their agents. Despite numerous researches that have been produced over the years, a clear consensus about the results of that struggle on the finances of a firm has not surfaced. This study has looked into a number of 32 studies and over 160.000 observations to get a clearer overview of the results. The analysis of the data was done using a simple counting mechanism as well as the Hunter-Schmidt method. The conclusion is rather unsatisfying. It is difficult to see any meaningful relationship between the ownership structure of a firm and its financial performance.

Abstract:

Since 1924 people have been contemplating about the influence of the power struggle between the owners of a firm and their agents. Despite numerous researches that have been produced over the years, a clear consensus about the results of that struggle on the finances of a firm has not surfaced. This study has looked into a number of 32 studies and over 160.000 observations to get a clearer overview of the results. The analysis of the data was done using a simple counting mechanism as well as the Hunter-Schmidt method. The conclusion is rather unsatisfying. It is difficult to see any meaningful relationship between the ownership structure of a firm and its financial performance.

Keywords

Ownership structure, ownership concentration, corporate financial performance, shareholder, meta-analysis

Jazyk práce: English

Datum vytvoření / odevzdání či podání práce: 12. 5. 2017

Obhajoba závěrečné práce

• Obhajoba proběhla 22. 6. 2017
• Vedúci: Ing. Ondřej Částek, Ph.D.
• Oponent: doc. Ing. Petr Pirožek, Ph.D.

Masaryk University

Faculty of Economics and Administration

Master programme / odbor:
Economy and Management / Business Management (Eng.)