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Lisboa, I. & Esperança, J. P. (2010). Ownership structure and performance: evidence from Portugal. Corporate Ownership And Control. 7 (3), 25-32
I. Lisboa and J. P. Esperança, "Ownership structure and performance: evidence from Portugal", in Corporate Ownership And Control, vol. 7, no. 3, pp. 25-32, 2010
@article{lisboa2010_1732037121277, author = "Lisboa, I. and Esperança, J. P.", title = "Ownership structure and performance: evidence from Portugal", journal = "Corporate Ownership And Control", year = "2010", volume = "7", number = "3", doi = "10.22495/cocv7i3p2", pages = "25-32", url = "http://www.virtusinterpress.org/-Corporate-Ownership-and-Control-.html" }
TY - JOUR TI - Ownership structure and performance: evidence from Portugal T2 - Corporate Ownership And Control VL - 7 IS - 3 AU - Lisboa, I. AU - Esperança, J. P. PY - 2010 SP - 25-32 SN - 1727-9232 DO - 10.22495/cocv7i3p2 UR - http://www.virtusinterpress.org/-Corporate-Ownership-and-Control-.html AB - This paper provides new evidence on the impact of ownership over performance in small dimension markets. Analyzing the Portuguese firms we confirm the monitoring effect. Unlike previous studies, we also confirm the expropriation effect to low levels of ownership concentration. These results suggest that the free rider problem between the manager and the principal is significant in countries with small financial markets. ER -