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Publication Detailed Description
Ownership structure and performance: evidence from Portugal
Journal Title
Corporate Ownership And Control
Year (definitive publication)
2010
Language
English
Country
Ukraine
More Information
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Abstract
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.
Acknowledgements
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Keywords
Corporate governance,Ownership structure,Firm performance,Portugal
Fields of Science and Technology Classification
- Economics and Business - Social Sciences
Funding Records
| Funding Reference | Funding Entity |
|---|---|
| PTDC/GES/72859/2006 | Fundação para a Ciência e a Tecnologia |
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This publication is an output of the following project(s):
