The Influence of Ownership on Performance: Stakeholder and Strategic Contingency Perspectives
AbstractIn this paper we extend the corporate governance literature by combining stakeholder and strategic contingency theories to provide an explanation of how owners influence the financial performance of firms. We hypothesize that ownership influences financial performance through three other variables: strategic orientation, organizational structure, and management style. Using LISREL analysis, we find this indirect influence to be significant. We also discuss implications for future research.
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Bibliographic InfoArticle provided by LMU Munich School of Management in its journal Schmalenbach Business Review.
Volume (Year): 59 (2007)
Issue (Month): 3 (July)
Corporate Governance; Emerging Markets; Privatization; SOE; State Ownership;
Find related papers by JEL classification:
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
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