The Effect of Ownership Structure on Corporate Financial Performance in the Czech Republic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F13%3A00087702" target="_blank" >RIV/00216224:14560/13:00087702 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

čeština

Original language name

The Effect of Ownership Structure on Corporate Financial Performance in the Czech Republic

Original language description

The relationship between ownership structure and corporate performance is a matter of on-going attention among researchers. Although a lot has been published on this topic, this paper aims to provide additional evidence on the effects of such characteristics as ownership concentration, managerial ownership and foreign capital on the corporate financial performance. The findings are based on a representative sample of more than 400 corporations based in the Czech Republic with 50 employees or more from the manufacturing and construction industries. Their performance is evaluated using financial data from up to a 7-year long period, specifically return on assets and growth of assets, which are founded on Kaplan and Norton`s (2004) theory of two incompatible ways of increasing financial performance. It is controlled for firm size, industry and legal form. Correlations, ANOVA and t-tests are employed to evaluate the size and shape of the relationships.

Czech name

The Effect of Ownership Structure on Corporate Financial Performance in the Czech Republic

Czech description

The relationship between ownership structure and corporate performance is a matter of on-going attention among researchers. Although a lot has been published on this topic, this paper aims to provide additional evidence on the effects of such characteristics as ownership concentration, managerial ownership and foreign capital on the corporate financial performance. The findings are based on a representative sample of more than 400 corporations based in the Czech Republic with 50 employees or more from the manufacturing and construction industries. Their performance is evaluated using financial data from up to a 7-year long period, specifically return on assets and growth of assets, which are founded on Kaplan and Norton`s (2004) theory of two incompatible ways of increasing financial performance. It is controlled for firm size, industry and legal form. Correlations, ANOVA and t-tests are employed to evaluate the size and shape of the relationships.

Type

D - Article in proceedings

CEP classification

AE - Management, administration and clerical work

OECD FORD branch

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Project

<a href="/en/project/GAP403%2F12%2F1557" target="_blank" >GAP403/12/1557: Developing Methods for Identifying and Evaluating Factors That Critically Affect Corporate Performance.</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2013

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Proceedings of the 9th European Conference on Management, Leadership and Governance

ISBN

9781909507883

ISSN

2048-9021

e-ISSN

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Number of pages

9

Pages from-to

7-15

Publisher name

Academic Publishing International Limited

Place of publication

Reading (UK)

Event location

Klagenfurt

Event date

Jan 1, 2013

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

000343656100002