Ownership Structure and Corporate Performance: An empirical study on the impact of managerial ownership & concentrated ownership on corporate performance of Swedish publicly traded firms
(2022) BUSN79 20221Department of Business Administration
- Abstract
- Purpose
The purpose of this study is to empirically investigate the relationship between the corporate governance mechanisms, managerial ownership, and concentrated ownership, on corporate performance in Swedish companies. With its distinguishing corporate governance regime and financial environment, Sweden facilitates a unique contribution to the ongoing discussion on ownership structure and agency conflicts.
Methodology
Quantitative method with a deductive approach
Theoretical perspectives
Principal-agent problem, Stewardship theory
Empirical foundation
The empirical foundation is the intersection between Modular Finance, Bloomberg, and Retriever. The final sample consists of 1440 firm-year observations of companies listed... (More) - Purpose
The purpose of this study is to empirically investigate the relationship between the corporate governance mechanisms, managerial ownership, and concentrated ownership, on corporate performance in Swedish companies. With its distinguishing corporate governance regime and financial environment, Sweden facilitates a unique contribution to the ongoing discussion on ownership structure and agency conflicts.
Methodology
Quantitative method with a deductive approach
Theoretical perspectives
Principal-agent problem, Stewardship theory
Empirical foundation
The empirical foundation is the intersection between Modular Finance, Bloomberg, and Retriever. The final sample consists of 1440 firm-year observations of companies listed on the OMX Nasdaq Stockholm small, - mid, -and large-cap lists between 2017 and 2021.
Conclusion
We find evidence of a negative statistically significant relationship between managerial ownership and ownership concentration with corporate performance measured as Tobin’s Q. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9094342
- author
- Melin, Melker LU and Korkmaz, Ismailcan LU
- supervisor
- organization
- course
- BUSN79 20221
- year
- 2022
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Agency costs, ROA, corporate governance mechanisms, corporate performance, Managerial ownership, Ownership concentration, Stewardship, Tobin's Q
- language
- English
- id
- 9094342
- date added to LUP
- 2022-10-10 16:36:04
- date last changed
- 2022-10-10 16:36:04
@misc{9094342,
abstract = {{Purpose
The purpose of this study is to empirically investigate the relationship between the corporate governance mechanisms, managerial ownership, and concentrated ownership, on corporate performance in Swedish companies. With its distinguishing corporate governance regime and financial environment, Sweden facilitates a unique contribution to the ongoing discussion on ownership structure and agency conflicts.
Methodology
Quantitative method with a deductive approach
Theoretical perspectives
Principal-agent problem, Stewardship theory
Empirical foundation
The empirical foundation is the intersection between Modular Finance, Bloomberg, and Retriever. The final sample consists of 1440 firm-year observations of companies listed on the OMX Nasdaq Stockholm small, - mid, -and large-cap lists between 2017 and 2021.
Conclusion
We find evidence of a negative statistically significant relationship between managerial ownership and ownership concentration with corporate performance measured as Tobin’s Q.}},
author = {{Melin, Melker and Korkmaz, Ismailcan}},
language = {{eng}},
note = {{Student Paper}},
title = {{Ownership Structure and Corporate Performance: An empirical study on the impact of managerial ownership & concentrated ownership on corporate performance of Swedish publicly traded firms}},
year = {{2022}},
}