THE INFLUENCE OF OWNERSHIP ON PERFORMANCE - AN EMPIRICAL-STUDY

被引：81

作者：

OSWALD, SL ^{[1
]}

JAHERA, JS ^{[1
]}

机构：

[1] AUBURN UNIV,DEPT FINANCE,AUBURN,AL 36849

来源：

STRATEGIC MANAGEMENT JOURNAL | 1991年 / 12卷 / 04期

关键词：

D O I：

10.1002/smj.4250120407

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This research examines the relationship between ownership structure and financial performance in the context of the agency theory. It improves upon previous research by presenting an improved risk‐adjusted performance measure, by using a larger sample size than prior work and also by controlling for firm size differences. The results suggest that ownership is significantly related to firm financial performance even after controlling for size. Copyright © 1991 John Wiley & Sons, Ltd.

引用

页码：321 / 326

页数：6

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