Ownership concentration, ownership identity, and bank performance
This paper examines whether ownership concentration and certain type of ownership can affect the financial performance of Lebanese banks. It uses longitudinal data from the largest 35 Lebanese banks over the period 2009–2014 and employs the panel regression model. The empirical results show that own...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
LLC "CPC "Business Perspectives"
2018-02-01
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| Series: | Banks and Bank Systems |
| Subjects: | |
| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/9996/BBS_2018_01_Azoury.pdf |
| _version_ | 1818178337782104064 |
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| author | Nehme Azoury Andre Azouri Elie Bouri Danielle Khalife |
| author_facet | Nehme Azoury Andre Azouri Elie Bouri Danielle Khalife |
| author_sort | Nehme Azoury |
| collection | DOAJ |
| description | This paper examines whether ownership concentration and certain type of ownership can affect the financial performance of Lebanese banks. It uses longitudinal data from the largest 35 Lebanese banks over the period 2009–2014 and employs the panel regression model. The empirical results show that ownership concentration and certain type of shareholders play an important role in the area of corporate governance in Lebanese banks. In particular, bank financial performance is positively associated with ownership concentration, managerial ownership, and foreign and institutional ownerships; however, family ownership is not related to bank performance. Also, this paper shows that both ownership concentration and managerial ownership have a U-shaped relationship with bank performance. Several robustness tests largely confirm the findings, with important implications for policy-makers. The findings are crucial to policy-makers and bankers who are interested in tailoring good corporate governance principles for the Lebanese banking sector. |
| first_indexed | 2024-12-11T20:46:23Z |
| format | Article |
| id | doaj.art-41f177e7af214a408e99a27c93a52a4e |
| institution | Directory Open Access Journal |
| issn | 1816-7403 1991-7074 |
| language | English |
| last_indexed | 2024-12-11T20:46:23Z |
| publishDate | 2018-02-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Banks and Bank Systems |
| spelling | doaj.art-41f177e7af214a408e99a27c93a52a4e2022-12-22T00:51:20ZengLLC "CPC "Business Perspectives"Banks and Bank Systems1816-74031991-70742018-02-01131607110.21511/bbs.13(1).2018.069996Ownership concentration, ownership identity, and bank performanceNehme Azoury0Andre Azouri1Elie Bouri2Danielle Khalife3Ph.D., Deputy President for Research, Central Administration, Holy Spirit University of KaslikAssociate Professor, Lebanese University, BeirutAssistant Professor, Holy Spirit University of KaslikAssociate Professor, Holy Spirit University of KaslikThis paper examines whether ownership concentration and certain type of ownership can affect the financial performance of Lebanese banks. It uses longitudinal data from the largest 35 Lebanese banks over the period 2009–2014 and employs the panel regression model. The empirical results show that ownership concentration and certain type of shareholders play an important role in the area of corporate governance in Lebanese banks. In particular, bank financial performance is positively associated with ownership concentration, managerial ownership, and foreign and institutional ownerships; however, family ownership is not related to bank performance. Also, this paper shows that both ownership concentration and managerial ownership have a U-shaped relationship with bank performance. Several robustness tests largely confirm the findings, with important implications for policy-makers. The findings are crucial to policy-makers and bankers who are interested in tailoring good corporate governance principles for the Lebanese banking sector.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/9996/BBS_2018_01_Azoury.pdfbank profitabilitycorporate governanceLebanonownership concentrationownership structure |
| spellingShingle | Nehme Azoury Andre Azouri Elie Bouri Danielle Khalife Ownership concentration, ownership identity, and bank performance Banks and Bank Systems bank profitability corporate governance Lebanon ownership concentration ownership structure |
| title | Ownership concentration, ownership identity, and bank performance |
| title_full | Ownership concentration, ownership identity, and bank performance |
| title_fullStr | Ownership concentration, ownership identity, and bank performance |
| title_full_unstemmed | Ownership concentration, ownership identity, and bank performance |
| title_short | Ownership concentration, ownership identity, and bank performance |
| title_sort | ownership concentration ownership identity and bank performance |
| topic | bank profitability corporate governance Lebanon ownership concentration ownership structure |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/9996/BBS_2018_01_Azoury.pdf |
| work_keys_str_mv | AT nehmeazoury ownershipconcentrationownershipidentityandbankperformance AT andreazouri ownershipconcentrationownershipidentityandbankperformance AT eliebouri ownershipconcentrationownershipidentityandbankperformance AT daniellekhalife ownershipconcentrationownershipidentityandbankperformance |