The Impact of Diferent Types of Foreign Owners on Firm Performance - Case of Romanian Listed Companies
AbstractThe main objective of this paper was to investigate the relation between the different types of foreign owners and firm performance. The study was conducted for the manufacturing companies listed on both segments of Bucharest Stock Exchange. The final sample included 260 manufacturing companies. Return on Assets and Return on Equity were the measures of performance used for this study. For the different types of foreign owners we used dummy variables. Econometric tools like linear regression analysis were used for analysis. The results of the study suggest that there is no significant link between firm performance and the existence of different types of foreign owners.
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Bibliographic InfoArticle provided by "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration in its journal Risk in the Contemporary Economy, Proceedings Conference.
Volume (Year): (2012)
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foreign owner; ultimate owner; performance; ownership structure;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Xu, Xiaonian & Wang, Yan, 1999. "Ownership structure and corporate governance in Chinese stock companies," China Economic Review, Elsevier, vol. 10(1), pages 75-98.
- Marco Becht & Ekkehart Boehmer, 2003.
"Voting control in German corporations,"
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2013/13312, ULB -- Universite Libre de Bruxelles.
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