A collection of empirical papers on corporate (firm) performance (Updated November 5, 2024)
The editorial team of the Virtus Interpress has updated the collection of empirical papers published in Corporate Ownership and Control journal during last few years devoted to the questions of corporate (firm) performance.
We hope that the aforementioned collection of papers will be useful for those scholars pursuing research in the field of corporate governance (specifically corporate/firm performance issues):
- Eldomiaty, T. I., Eid, N., Tarek, N., ElBatrik, D. Y., & Rashwan, M. (2024). Benchmarking banks’ board characteristics and profitability in the MENA region. Corporate Ownership & Control, 21(3), 59–68. https://doi.org/10.22495/cocv21i3art5
- Gupta, N., Ansari, N., Dammalapati, R., Kotecha, J., Jagwani, B., & Bakhshi, P. (2023). Audit committee nominee directors and bank performance: Evidence from Indian banks. Corporate Ownership & Control, 20(4), 8–31. https://doi.org/10.22495/cocv20i4art1
- Basuony, M. A. K., Zaher, A. A., Bouaddi, M., & Noureldin, N. (2023). Sustainability, corporate governance, and firm performance: Evidence from emerging markets [Special issue]. Corporate Ownership & Control, 20(3), 268–276. https://doi.org/10.22495/cocv20i3siart3
- Basuony, M. A. K., Bouaddi, M., EmadEldeen, R., & Noureldin, N. (2023). The effect of gender board diversity across market quotation on firm performance: Evidence from the UK. Corporate Ownership & Control, 20(2), 146–155. https://doi.org/10.22495/cocv20i2art12
- Nagendrakumar, N., Kumarapperuma, C., Malinga, C., Gayanthika, K., Amanda, N., & Perera, A. (2023). Does corporate governance influence firm integrated performance? Corporate Ownership & Control, 20(2), 138–145. https://doi.org/10.22495/cocv20i2art11
- Sahoo, M., Srivastava, K. B. L., Gupta, N., Mittal, S. K., Bakhshi, P., & Agarwal, T. (2022). Promoter ownership, institutional ownership, and firm performance. Corporate Ownership & Control, 20(1), 162–175. https://doi.org/10.22495/cocv20i1art15
- Munde, A., & Mishra, N. (2022). Corporate performance: SMEs performance prediction using the decision tree and random forest models. Corporate Ownership & Control, 20(1), 103–113. https://doi.org/10.22495/cocv20i1art10
- Ismaeel, F. N., & Soliman, M. M. (2022). The effect of corporate governance on the financial performance of SME listed companies in Egypt. Corporate Ownership & Control, 20(1), 95–102. https://doi.org/10.22495/cocv20i1art9
- Giovando, G. (2022). Governance responsibility in Italy to monitor corporate performance. Corporate Ownership & Control, 19(4), 153–162. https://doi.org/10.22495/cocv19i4art13
- Singh, A. P., & Rahman, Z. (2022). Stakeholder engagement and corporate performances: Empirical evidence from an emerging economy. Corporate Ownership & Control, 19(4), 141–152. https://doi.org/10.22495/cocv19i4art12
- Poli, F. (2022). Ownership dispersion and performance in cooperative banking. Corporate Ownership & Control, 19(4), 111–128. https://doi.org/10.22495/cocv19i4art10
- Nagalingam, N., De Silva, L. M. H., Weerasinghe, R. M., Pathirana, T. D., Rajapaksha, C. M., Perera, K. R., & Kaneshwaren, S. (2022). Corporate social responsibility and financial performance: A study of the tourism industry in Sri Lanka. Corporate Ownership & Control, 19(4), 103–110. https://doi.org/10.22495/cocv19i4art9
- Ismail, T. H., & Ahmed, E. A. (2022). Impact of risk governance on performance and capital requirements: Evidence from Egyptian banks. Corporate Ownership & Control, 19(2), 179–193. https://doi.org/10.22495/cocv19i2art14
- Al Suwaiygh, S. A., & Falgi, K. I. (2022). Does board composition matter? An evidence from Saudi Arabia. Corporate Ownership & Control, 19(2), 60–66. https://doi.org/10.22495/cocv19i2art5
- Velte, P. (2022). Corporate social responsibility performance, reporting and generalized methods of moments (GMM): A structured review of corporate governance determinants and firms’ financial consequences. Corporate Ownership & Control, 19(2), 8–27. https://doi.org/10.22495/cocv19i2art1
- De Luca, F., Migliori, S., Muhammad, H., & Rapposelli, A. (2021). Corporate board and firm performance: A data envelopment analysis (DEA) of Italian listed companies [Special issue]. Corporate Ownership & Control, 19(1), 327–340. https://doi.org/10.22495/cocv19i1siart9
- Noureldin, N., & Basuony, M. A. K. (2021). Females on board and sustainability performance in a developing country: Evidence from Egypt [Special issue]. Corporate Ownership & Control, 19(1), 288–298. https://doi.org/10.22495/cocv19i1siart6
- Qian, D., Waheduzzaman, W., & Khandaker, S. (2021). Relationship of board diversity with firm’s financial performance: The case of publicly listed companies in China [Special issue]. Corporate Ownership & Control, 19(1), 229–240. https://doi.org/10.22495/cocv19i1siart2
- Arora, A., & Singh, A. (2021). Board characteristics and financial performance: A comprehensive literature review. Corporate Ownership & Control, 19(1), 188–198. https://doi.org/10.22495/cocv19i1art14
- Gupta, N., Mahakud, J., Tripathi, P. M., Agarwal, T., & Bakhshi, P. (2021). Do nominee directors influence bank performance? Corporate Ownership & Control, 19(1), 121–145. https://doi.org/10.22495/cocv19i1art10
- Damani, A., & Vaidya, N. (2021). Predicting the relative performance of actively managed equity mutual funds using diverse performance evaluation techniques. Corporate Ownership & Control, 19(1), 69–83. https://doi.org/10.22495/cocv19i1art6
- Lagasio, V. (2021). Corporate governance, ownership, and performance: A closer look at the Italian case. Corporate Ownership & Control, 19(1), 8–16. https://doi.org/10.22495/cocv19i1art1
- Cecchi, M. (2021). To be better to be equal: In search of gender-based performance effects in financial statements of Italian unlisted company boards. Corporate Ownership & Control, 18(4), 90–101. https://doi.org/10.22495/cocv18i4art7
- Fayyaz, U.-E-R., Jalal, R. N.-U.-D., Antonucci, G., & Venditti, M. (2021). Does CEO power influence corporate risk and performance? Evidence from Greece and Hungary. Corporate Ownership & Control, 18(4), 77–89. https://doi.org/10.22495/cocv18i4art6
- EmadEldeen, R., Elbayoumi, A. F., Basuony, M. A. K., & Mohamed, E. K. A. (2021). The effect of the board diversity on firm performance: An empirical study on the UK [Special issue]. Corporate Ownership & Control, 18(3), 337–347. https://doi.org/10.22495/cocv18i3siart8
- Harangi-Rákos, M., & Fenyves, V. (2021). Financial performance and market growth of the companies in Hungary and Romania: A study of the food retail companies [Special issue]. Corporate Ownership & Control, 18(3), 325–336. https://doi.org/10.22495/cocv18i3siart7
- El Beshlawy, H., & Ardroumli, S. (2021). Ownership control intensity, corporate financial performance and revenue growth since the global financial crisis [Special issue]. Corporate Ownership & Control, 18(3), 275–295. https://doi.org/10.22495/cocv18i3siart4
- Gupta, N., Agarwal, T., & Jagwani, B. (2021). Exploring non-linear relationship between foreign ownership and firm performance [Special issue]. Corporate Ownership & Control, 18(3), 257–274. https://doi.org/10.22495/cocv18i3siart3
- El Ammari, A. (2021). Ownership structure, dividend policy, and financial performance: A causality analysis. Corporate Ownership & Control, 18(3), 161-174. https://doi.org/10.22495/cocv18i3art13
- Arora, K., & Siddiqui, A. A. (2021). Export guarantees and firm performance in the context of corporate governance. Corporate Ownership & Control, 18(3), 136-148. https://doi.org/10.22495/cocv18i3art11
- Zouari-Hadiji, R., & Zouari, G. (2021). A mediation analysis: Board of directors’ composition, R&D investment, and international firm performance. Corporate Ownership & Control, 18(3), 104-119. https://doi.org/10.22495/cocv18i3art9
- Di Biase, P., & Onorato, G. (2021). Board characteristics and financial performance in the insurance industry: An international empirical survey. Corporate Ownership & Control, 18(3), 8-18. https://doi.org/10.22495/cocv18i3art1
- Ferdous, L. T., Withanalage, N. P., & Zaman, A. A. Q. (2021). Review of short-run performance of initial public offerings in Australia. Corporate Ownership & Control, 18(2), 188-200. https://doi.org/10.22495/cocv18i2art16
- Siddiqui, A. A., & Singh, P. (2021). Institutional environment, competencies and firm export performance: A study of the emerging country. Corporate Ownership & Control, 18(2), 169-179. https://doi.org/10.22495/cocv18i2art14
- Al-Saidi, M. (2021). Boards of directors and firm performance: A study of non-financial listed firms on the Kuwait Stock Exchange. Corporate Ownership & Control, 18(2), 40-47. https://doi.org/10.22495/cocv18i2art3
- Chandrakumara, A., Wickramasuriya, R., & McCarthy, G. (2020). Collective personality of top listed firms in Australia and its impact on financial and market performance [Special issue]. Corporate Ownership & Control, 18(1), 438-449. https://doi.org/10.22495/cocv18i1siart16
- Soni, T. K., & Singh, A. (2020). Directors’ remuneration, corporate governance and firm performance linkages: Evidence from the emerging country [Special issue]. Corporate Ownership & Control, 18(1), 382-392. https://doi.org/10.22495/cocv18i1siart12
- Bruno, E., & Iacoviello, G. (2020). Corporate governance and performance: A study of the reform of cooperative credit system in Italy [Special issue]. Corporate Ownership & Control, 18(1), 370-381. https://doi.org/10.22495/cocv18i1siart11
- Goel, K., & Oswal, S. (2020). EVA-based financial performance measurement: An evidential study of selected emerging country companies. Corporate Ownership & Control, 18(1), 179-195. https://doi.org/10.22495/cocv18i1art14
- Chebri, M., & Bahoussa, A. (2020). Impact of gender and nationality diversity on financial performance: A study of listed banks in Morocco. Corporate Ownership & Control, 18(1), 56-68. https://doi.org/10.22495/cocv18i1art5
- Vagnoni, E., Oppi, C., & Cavicchi, C. (2020). Ownership structure and financial performance: A study of the Italian retail pharmacies. Corporate Ownership & Control, 18(1), 22-33. https://doi.org/10.22495/cocv18i1art2
- Hussein, A. (2020). The influence of capital structure on company performance: Evidence from Egypt. Corporate Ownership & Control, 18(1), 8-21. https://doi.org/10.22495/cocv18i1art1
- Hundal, S., & Eskola, A. (2020). Board of directors, capital structure, investment decisions and firm-performance: An empirical study of Nordic firms [Special issue]. Corporate Ownership & Control, 17(4), 377-390. https://doi.org/10.22495/cocv17i4siart14
- Sicoli, G., Bronzetti, G., Ippolito, D., & Leonetti, G. (2020). Gender diversity and governance: Analysis of Italian listed companies [Special issue]. Corporate Ownership & Control, 17(4), 329-338. https://doi.org/10.22495/cocv17i4siart10
- Lutz, S., Hegazy, K., Mohamed, E. K. A., & Basuony, M. A. K. (2020). International ownership and firm performance in Arab economies [Special issue]. Corporate Ownership & Control, 17(4), 308-318. https://doi.org/10.22495/cocv17i4siart8
- Jaber, Y. (2020). Gender diversity and financial performance of the stock exchange listed companies [Special issue]. Corporate Ownership & Control, 17(4), 257-267. https://doi.org/10.22495/cocv17i4siart4
- Ravaonorohanta, N. (2020). Gender-diverse boards get better performance on mergers and acquisitions [Special issue]. Corporate Ownership & Control, 17(4), 222-233. https://doi.org/10.22495/cocv17i4siart1
- Baker, H. K., Satt, H., Atmounia, F., & El Fadel, B. (2020). How deferred revenue changes impact future financial performance. Corporate Ownership & Control, 17(4), 72-85. https://doi.org/10.22495/cocv17i4art6
- Hewa Dulige, J., Ali, M. J., Mather, P., & Young, S. (2020). Independent directors: Exploring the heterogeneous nature of multiple directorships. Corporate Ownership & Control, 17(4), 18-34. https://doi.org/10.22495/cocv17i4art2
- Solaimani, R., Rashed, F., Mohammed, S., & ElKelish, W. W. (2020). The impact of artificial intelligence on corporate control. Corporate Ownership & Control, 17(3), 171-178. https://doi.org/10.22495/cocv17i3art13
- Ferri, S., Tron, A., Fiume, R., & Della Corte, G. (2020). The relation between cash flows and economic performance in the digital age: An empirical analysis. Corporate Ownership & Control, 17(3), 84-91. https://doi.org/10.22495/cocv17i3art6
- Haddad, A., El Ammari, A., & Bouri, A. (2020). Impacts of ownership structure on the financial performance of conventional and Islamic banks in the agency theory context. Corporate Ownership & Control, 17(3), 46-70. https://doi.org/10.22495/cocv17i3art4
- Braendle, U., Stiglbauer, M., Ababneh, K., & Dedousis, E. (2020). The impact of board diversity on firm performance – The case of Germany. Corporate Ownership & Control, 17(2), 183-193. https://doi.org/10.22495/cocv17i2art15
- Mantovani, G. M., & Moscato, G. (2020). Shareholder composition, corporate governance and their monitoring effects on firm performance. Corporate Ownership & Control, 17(2), 165-182. https://doi.org/10.22495/cocv17i2art14
- Karamoy, H., & Tulung, J. E. (2020). The effect of financial performance and corporate governance to stock price in non-bank financial industry. Corporate Ownership & Control, 17(2), 97-103. https://doi.org/10.22495/cocv17i2art9
- Campa, D., Torchia, M., Marceselli, C. R. C., & Sargenti, P. (2020). Founder succession and firm performance in the luxury industry. Corporate Ownership & Control, 17(2), 88-96. https://doi.org/10.22495/cocv17i2art8
- Nigri, G., Del Baldo, M., & Agulini, A. (2020). Integrated sustainable performance management systems: A case study on Italian benefit corporations. Corporate Ownership & Control, 17(2), 65-76. https://doi.org/10.22495/cocv17i2art6
- Onyina, P. A., & Gyanor, D. K. (2019). Do corporate governance practices affect the performance of firms listed on the Ghana Stock Exchange? Corporate Ownership & Control, 17(1), 107-115. https://doi.org/10.22495/cocv17i1art10
- Wang, P., Barrese, J., & Pooser, D. (2019). Performance in financial services: Does institutional ownership matter? Corporate Ownership & Control, 16(2), 108-120. https://doi.org/10.22495/cocv16i2art11
- Shaban, O. S., Al-Hawatma, Z., & Abdallah, A. A. (2019). Mergers and acquisitions in Jordan: Its motives and influence on company financial performance and stock market price. Corporate Ownership & Control, 16(2), 67-72. https://doi.org/10.22495/cocv16i2art7
- La Rosa, F., Bernini, F., & Mariani, G. (2018). Diversified, integrated and cross-border acquisitions and firm performance: A comparison of family and non-family Italian listed firms. Corporate Ownership & Control, 16(1), 72-86. https://doi.org/10.22495/cocv16i1art8
- Oliveira, M., & Carvalhal, A. (2018). Do football clubs with good governance have higher performances? Evidence from Brazil. Corporate Ownership & Control, 16(1), 7-12. https://doi.org/10.22495/cocv16i1art1
- Khan, B., Nijhof, A., Diepeveen, R. A., & Melis, D. A. M. (2018). Does good corporate governance lead to better firm performance? Strategic lessons from a structured literature review. Corporate Ownership & Control, 15(4), 73-85. https://doi.org/10.22495/cocv15i4art7
- Rukundo, J. B. (2017). Firm performance and innovation in the developing countries: Evidence from firm-level survey. Corporate Ownership & Control, 15(1-1), 235-245. https://doi.org/10.22495/cocv15i1c1p7
- Cambrea, D. R., Lussana, G., Quarato, F., & Varacca Capello, P. (2017). Top management team diversity and firm performance: Empirical evidence from the fashion and luxury industry. Corporate Ownership & Control, 15(1-2), 325-340. https://doi.org/10.22495/cocv15i1c2p2
- Scafarto, V., Ricci, F., Della Corte, G., & De Luca, P. (2017). Board structure, ownership concentration and corporate performance: Italian evidence. Corporate Ownership & Control, 15(1-2), 347-359. https://doi.org/10.22495/cocv15i1c2p4
- Owusu, A., Holmes, M., & Agyemang, J. (2017). The performance consequences of board structure changes: Evidence from Ghana. Corporate Ownership & Control, 15(1-2), 421-434.https://doi.org/10.22495/cocv15i1c2p11
- Tuccillo, D., Ferrone, C., & Agliata, F. (2018). Evaluation of the integration between corporate and financial performance: The social impact bond financial instrument. Corporate Ownership & Control, 15(3), 138-144. https://doi.org/10.22495/cocv15i3art12
- Ntoung, A. T. L., Vila Biglieri, J. E., Outman, B. C., Masárová, E., Babounia, A., & Kome, C. M. (2017). Family firms and performance empirical analysis from Spain. Corporate Ownership & Control, 14(4-2), 380-395. https://doi.org/10.22495/cocv14i4c2art4
- Hassouna, D., Ouda, H., & Hussainey, K. (2017). Transparency and disclosure as an internal corporate governance mechanism and corporate performance: Egypt’s case. Corporate Ownership & Control, 14(4-1), 182-195. https://doi.org/10.22495/cocv14i4c1art1
- Hundal, S. (2017). Multiple directorships of corporate boards and firm performance in India. Corporate Ownership & Control, 14(4), 150-164. https://doi.org/10.22495/cocv14i4art13
- Kyriazopoulos, G. (2017). Corporate governance and firm performance in periods of financial distress. Corporate Ownership & Control, 14(3-1), 209-222. https://doi.org/10.22495/cocv14i3c1art7
- Abdullah, S. N. (2016). Corporate governance mechanisms and the performance of Malaysian listed firms. Corporate Ownership & Control, 14(1-2), 384-398. https://doi.org/10.22495/cocv14i1c2p10
- Haryono, U., Iskandar, R., Paminto, A., & Ulfah, Y. (2016). Sustainability performance: It’s impact on risk and value of the firm. Corporate Ownership & Control, 14(1-1), 278-286. https://doi.org/10.22495/cocv14i1c1p11
- Ganguli, S. K. (2016). Persistent high liquidity, ownership structure and firm performance: Indian evidence. Corporate Ownership & Control, 14(1), 38-47. https://doi.org/10.22495/cocv14i1p4
- Zemzem, A., & Ftouhi, K. (2016). External corporate governance, tax planning, and firm performance. Corporate Ownership & Control, 13(3-3), 523-532. https://doi.org/10.22495/cocv13i3c3p11
- Iacoviello, G., Mazzei, M., & Riccardi, G. (2015). The gender composition of the board and firm performance. The role of regulatory measures. Corporate Ownership & Control, 13(1-11), 1385-1395. https://doi.org/10.22495/cocv13i10
- Portal, M. T., & Basso, L. F. C. (2015). The effect of family control and management on performance, capital structure, cash holding, and cash dividends. Corporate Ownership & Control, 13(1-10), 1134-1149. https://doi.org/10.22495/cocv13i1c10p2
- Mateus, C., Hall, T., & Mateus, I. B. (2015). Are listed firms better governed? Empirical evidence on board structure and financial performance. Corporate Ownership & Control, 13(1-7), 736-755. https://doi.org/10.22495/cocv13i1c7p2
- Ndayisaba, G., & Ahmed, A. D. (2015). CEO remuneration, board composition and firm performance: empirical evidence from Australian listed companies. Corporate Ownership & Control, 13(1-5), 534-552. https://doi.org/10.22495/cocv13i1c5p2
- Bruno, P., & Carvalhal, A. (2015). Firm valuation, performance and origin of controlling shareholder in Brazil. Corporate Ownership & Control, 12(4-5), 535-540. https://doi.org/10.22495/cocv12i4c5p3
- Nulla, Y. M. (2015). Pay for performance: An empirical review. Corporate Ownership & Control, 12(4), 69-79. https://doi.org/10.22495/cocv12i4p5
- Farooq, S., Ahmed, S., & Saleem, K. (2015). Overinvestment, growth opportunities and firm performance: Evidence from Singapore stock market. Corporate Ownership & Control, 12(3-4), 454-467. https://doi.org/10.22495/cocv12i3c4p6
- Basuony, M. A. K., Elseidi, R. I., & Mohamed, E. K. A. (2014). The impact of corporate social responsibility on firm performance: Evidence form a MENA country. Corporate Ownership & Control, 12(1-9), 761-774. https://doi.org/10.22495/cocv12i1c9p1
- Wang, Y., & Chen, C. W. (2014). Board structure, D&O insurance and the variability of firm performance. Corporate Ownership & Control, 12(1-2), 259-270. https://doi.org/10.22495/cocv12i1c2p4
- Cheng, M. A., & Leung, N. W. (2014). Ownership structure, ongoing related party transactions and corporate performance: Evidence from Chinese listed firms. Corporate Ownership & Control, 11(2-5), 446-464. https://doi.org/10.22495/cocv11i2c5p2
- Farooq, O., & Satt, H. (2014). Does analyst following improve firm performance? Evidence from the MENA region. Corporate Ownership & Control, 11(2-1), 157-166. https://doi.org/10.22495/cocv11i2c1p1
- Mohamed, E. K. A., Basuony, M. A., & Badawi, A. A. (2013). The impact of corporate governance on firm performance in Egyptian listed companies. Corporate Ownership & Control, 11(1-7), 691-705. https://doi.org/10.22495/cocv11i1c7art6
- Kanagaretnam, K., Lobo, G. J., & Whalen, D. J. (2013). Relationship between board independence and firm performance post Sarbanes Oxley. Corporate Ownership & Control, 11(1), 65-80. https://doi.org/10.22495/cocv11i1art6
- Di Carlo, E., & Ranalli, F. (2013). Corporate performance and boards’ dilemma of listed subsidiaries. Corporate Ownership & Control, 10(4), 130-147. https://doi.org/10.22495/cocv10i4art10
- Emmanuel, T., Carvalhal, A., & Avila, M. (2012). Does social responsibility matter for firm performance? Evidence from Brazil. Corporate Ownership & Control, 9(3), 132-141. https://doi.org/10.22495/cocv9i3art11
- Jiang, H., & Habib, A. (2012). Ownership concentration, free cash flow agency problem and future firm performance: New Zealand evidence. Corporate Ownership & Control, 9(3), 96-110. https://doi.org/10.22495/cocv9i3art8
- Hu, D., & Zheng, H. (2012). Corporate governance and performance: Evidence from Chinese private listed companies based on cash flow rights and control rights. Corporate Ownership & Control, 9(2), 85-93. https://doi.org/10.22495/cocv9i2art7
- You, C. F., Hsu, A. C., & Shih, T. L. (2011). Dividend payouts and companies performance in Taiwan. Corporate Ownership & Control, 9(1-6), 609-621. https://doi.org/10.22495/cocv9i1c6art4
- Capizzi, V., Giovannini, R., & Pesic, V. (2011). Does corporate governance really matter for firms performance? Evidence from Italian IPOs market. Corporate Ownership & Control, 9(1-6), 569-586. https://doi.org/10.22495/cocv9i1c6art1
- Berthelot, S., Di Vito, J., & Gagné, V. (2011). Evaluating the performance of board members: A portrait of Canadian firms. Corporate Ownership & Control, 8(3), 86-93. https://doi.org/10.22495/cocv8i3p7
- Cotter, R., Dason, J., Niu, J., & Klein, P. (2011). Corporate governance and stock performance: Evidence from Canadian firms over the period 2005-2009. Corporate Ownership & Control, 8(3), 56-68. https://doi.org/10.22495/cocv8i3p5
- Brogi, M. (2011). Board, governance and firm performance: Are financial intermediaries different? [Special issue]. Corporate Ownership & Control, 8(2), 60-68. https://doi.org/10.22495/cocv8i2sip6
- Tutino, M. (2011). Which metrics are relevant in European listed companies? Evidence from nineties. Corporate Ownership & Control, 8(2-5), 566-588. https://doi.org/10.22495/cocv8i2c5p6
- Darmadi, S. (2011). Board diversity and firm performance: The Indonesian evidence. Corporate Ownership & Control, 8(2-4), 450-466. https://doi.org/10.22495/cocv8i2c4p4
- Ali Ahmed, H. J., & Wadud, I. K. M. M. (2011). Market based performance: Do ownership structures, or firm policy choice matter? Corporate Ownership & Control, 8(2), 89-95. https://doi.org/10.22495/cocv8i2p8