Influence of ownership structure and corporate performance precrisis: evidence from Thailand

Jira Yammeesri, Sudhir C. Lodh and Siriyama Kanthi Herath

International Journal of Electronic Finance, 2006, vol. 1, issue 2, 181-199

Abstract: This study examines the effect of ownership structure on corporate performance of Thai non-financial firms between 1993 and 1996. The ownership structure is considered as: 1. concentrated ownership, 2. different types of concentrated ownership and 3. managerial ownership. It adopted Market Returns (MR) and accounting ratios as measures of performance. It reports that there is a positive association between concentrated ownership and firm performance. The results show that different types of concentrated ownership have positive relationships to performance measures. It, however, does not find any evidence to support the existence of a non-linear relationship between managerial ownership and firm performance.

Keywords: ownership structure; managerial ownership; firm performance; Thailand; electronic finance; e-finance; non-financial firms; concentrated ownership; accounting ratios; market returns; performance measures; corporate governance. (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijelfi:v:1:y:2006:i:2:p:181-199

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