Ownership structure and firm performance in the Egyptian manufacturing sector

Ahmed Abdelgouad (), Christian Pfeifer () and John P. Weche
Additional contact information
Ahmed Abdelgouad: Leuphana University Lueneburg

Economics Bulletin, 2015, vol. 35, issue 4, 2197-2212

Abstract: We use the World Bank enterprise survey for the Egyptian manufacturing sector to study the correlation between the ownership structure (private vs. public, Egyptian vs. Arab foreign vs. non-Arab foreign) and firm performance, which we measure as sales per worker, capacity utilization, and net profit rate. Our main findings indicate that (1) productivity differences between Egyptian private and public firms are not significant, but firms with public ownership have a lower capacity utilization and a lower net profit rate than private firms, (2) firms with private Arab and private non-Arab foreign ownership are significantly more productive and have a higher capacity utilization than purely Egyptian owned firms, and (3) differences between Arab and non-Arab foreign ownership are not significant for productivity and capacity utilization, but firms with non-Arab foreign ownership have a higher net profit rate than firms with Arab foreign or Egyptian owners.

Keywords: firm performance; foreign ownership; public ownership; Egypt; World Bank Enterprise Survey (search for similar items in EconPapers)
JEL-codes: F0 F2 (search for similar items in EconPapers)
Date: 2015-10-16
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2015/Volume35/EB-15-V35-I4-P222.pdf (application/pdf)

Related works:
Working Paper: Ownership Structure and Firm Performance in the Egyptian Manufacturing Sector (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-15-00418

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().