The Impact of Diferent Types of Foreign Owners on Firm Performance - Case of Romanian Listed Companies
The 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.
Volume (Year): (2012)
Issue (Month): ()
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- Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 1998.
"Corporate Ownership Around the World,"
Harvard Institute of Economic Research Working Papers
1840, Harvard - Institute of Economic Research.
- 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,"
ULB Institutional Repository
2013/13312, ULB -- Universite Libre de Bruxelles.
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