Ownership structure and firm performance : an agency perspective in a Singapore context.
This study attempts to investigate the relationship between ownership structure and firm performance in a Singapore context. Based on previous research, we hypothesize that through the use of managerial and institutional ownership, managers' interest can be effectively aligned with those of sha...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Published: |
2008
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| Online Access: | http://hdl.handle.net/10356/11158 |
| _version_ | 1826115576977686528 |
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| author | Sim, Wilson Paul Liang. Chye, Hui Ching. |
| author2 | Mahmud Hossain |
| author_facet | Mahmud Hossain Sim, Wilson Paul Liang. Chye, Hui Ching. |
| author_sort | Sim, Wilson Paul Liang. |
| collection | NTU |
| description | This study attempts to investigate the relationship between ownership structure and firm performance in a Singapore context. Based on previous research, we hypothesize that through the use of managerial and institutional ownership, managers' interest can be effectively aligned with those of shareholders and agency costs can be reduced, thus improving firm performance.The empirical results support the use of institutional shareholdings as an effective tool for improving firm performance but not managerial shareholdings. This study controls for the effects of firmsize, debt-equity ratio, corporate governance, business risk and investment opportunities, with six control variables being used. However, only firm size is significant. |
| first_indexed | 2024-10-01T03:57:26Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/11158 |
| institution | Nanyang Technological University |
| last_indexed | 2024-10-01T03:57:26Z |
| publishDate | 2008 |
| record_format | dspace |
| spelling | ntu-10356/111582023-05-19T06:09:03Z Ownership structure and firm performance : an agency perspective in a Singapore context. Sim, Wilson Paul Liang. Chye, Hui Ching. Mahmud Hossain Nanyang Business School DRNTU::Business::Finance This study attempts to investigate the relationship between ownership structure and firm performance in a Singapore context. Based on previous research, we hypothesize that through the use of managerial and institutional ownership, managers' interest can be effectively aligned with those of shareholders and agency costs can be reduced, thus improving firm performance.The empirical results support the use of institutional shareholdings as an effective tool for improving firm performance but not managerial shareholdings. This study controls for the effects of firmsize, debt-equity ratio, corporate governance, business risk and investment opportunities, with six control variables being used. However, only firm size is significant. 2008-09-24T07:51:52Z 2008-09-24T07:51:52Z 2000 2000 Final Year Project (FYP) http://hdl.handle.net/10356/11158 Nanyang Technological University application/pdf |
| spellingShingle | DRNTU::Business::Finance Sim, Wilson Paul Liang. Chye, Hui Ching. Ownership structure and firm performance : an agency perspective in a Singapore context. |
| title | Ownership structure and firm performance : an agency perspective in a Singapore context. |
| title_full | Ownership structure and firm performance : an agency perspective in a Singapore context. |
| title_fullStr | Ownership structure and firm performance : an agency perspective in a Singapore context. |
| title_full_unstemmed | Ownership structure and firm performance : an agency perspective in a Singapore context. |
| title_short | Ownership structure and firm performance : an agency perspective in a Singapore context. |
| title_sort | ownership structure and firm performance an agency perspective in a singapore context |
| topic | DRNTU::Business::Finance |
| url | http://hdl.handle.net/10356/11158 |
| work_keys_str_mv | AT simwilsonpaulliang ownershipstructureandfirmperformanceanagencyperspectiveinasingaporecontext AT chyehuiching ownershipstructureandfirmperformanceanagencyperspectiveinasingaporecontext |