Foreign Capital and Firm Performance - Study Case on Companies Listed on BSE
The main objective of this paper is to investigate the relation between the foreign ownership and firm performance. The study was conducted for the companies listed on Bucharest Stock Exchange, in the first, second and third categories. The financial companies and the credit institutions were exclud...
| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
Dunarea de Jos University of Galati
2011-11-01
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| Series: | Risk in Contemporary Economy |
| Subjects: | |
| Online Access: | http://www.rce.feaa.ugal.ro/sites/default/files/IOMIhai.pdf |
| _version_ | 1811275739218051072 |
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| author | Iuliana Oana MIHAI |
| author_facet | Iuliana Oana MIHAI |
| author_sort | Iuliana Oana MIHAI |
| collection | DOAJ |
| description | The main objective of this paper is to investigate the relation between the foreign ownership and firm performance. The study was conducted for the companies listed on Bucharest Stock Exchange, in the first, second and third categories. The financial companies and the credit institutions were excluded from the sample. The final sample included 63 companies. Return on Assets and Return on Equity are used for measuring the financial and economic performance of the firm. The foreign ownership is measured by the percentage of shares held by foreign investors. Econometric tools like linear regression analysis are used for analysis. The results of the study suggest that there is no significant link between firm performance and the existence of foreign capital. |
| first_indexed | 2024-04-12T23:44:19Z |
| format | Article |
| id | doaj.art-f9f278c2b4e04c2280f16006b608f4b4 |
| institution | Directory Open Access Journal |
| issn | 2067-0532 |
| language | English |
| last_indexed | 2024-04-12T23:44:19Z |
| publishDate | 2011-11-01 |
| publisher | Dunarea de Jos University of Galati |
| record_format | Article |
| series | Risk in Contemporary Economy |
| spelling | doaj.art-f9f278c2b4e04c2280f16006b608f4b42022-12-22T03:11:55ZengDunarea de Jos University of GalatiRisk in Contemporary Economy2067-05322011-11-011400405Foreign Capital and Firm Performance - Study Case on Companies Listed on BSEIuliana Oana MIHAIThe main objective of this paper is to investigate the relation between the foreign ownership and firm performance. The study was conducted for the companies listed on Bucharest Stock Exchange, in the first, second and third categories. The financial companies and the credit institutions were excluded from the sample. The final sample included 63 companies. Return on Assets and Return on Equity are used for measuring the financial and economic performance of the firm. The foreign ownership is measured by the percentage of shares held by foreign investors. Econometric tools like linear regression analysis are used for analysis. The results of the study suggest that there is no significant link between firm performance and the existence of foreign capital.http://www.rce.feaa.ugal.ro/sites/default/files/IOMIhai.pdfforeign ownershipperformancedomestic ownership |
| spellingShingle | Iuliana Oana MIHAI Foreign Capital and Firm Performance - Study Case on Companies Listed on BSE Risk in Contemporary Economy foreign ownership performance domestic ownership |
| title | Foreign Capital and Firm Performance - Study Case on Companies Listed on BSE |
| title_full | Foreign Capital and Firm Performance - Study Case on Companies Listed on BSE |
| title_fullStr | Foreign Capital and Firm Performance - Study Case on Companies Listed on BSE |
| title_full_unstemmed | Foreign Capital and Firm Performance - Study Case on Companies Listed on BSE |
| title_short | Foreign Capital and Firm Performance - Study Case on Companies Listed on BSE |
| title_sort | foreign capital and firm performance study case on companies listed on bse |
| topic | foreign ownership performance domestic ownership |
| url | http://www.rce.feaa.ugal.ro/sites/default/files/IOMIhai.pdf |
| work_keys_str_mv | AT iulianaoanamihai foreigncapitalandfirmperformancestudycaseoncompanieslistedonbse |