-
Journal menu
- General information
- Editorial Board and External Reviewers
- Journal Policies
- Publication Ethics and Malpractice Statement
- Instructions for authors
- Paper reviewing
- Article processing charge
- Feedback from stakeholders
- Journal’s Open Access statement
- Order hard copies of the journal
- 50 most cited papers in the journal
OWNERSHIP STRUCTURE AND FIRM PERFORMANCE: EVIDENCE FROM NIGERIAN LISTED COMPANIES
Download This Article
Adebiyi J. Abosede 
, Kajola Oluwafemi Sunday
Abstract
This paper examines the relationship between firms’ ownership structure and financial performance in Nigeria, using a sample of thirty listed companies between 2001 and 2008. Using pooled OLS as a method of estimation and after controlling for four firm-specific characteristics, our results show a negative and significant relationship between ownership structure (director shareholding) and firm financial performance (ROE). This is in support of Entrenchment hypothesis. Also, our study does not support a non-linear relationship between ownership structure and firm performance.
Keywords: Ownership Structure, Agency Cost, Corporate Governance, ROE, Nigeria
How to cite this paper: Abosede, A. J., & Sunday, K. O. (2011). Ownership structure and firm performance: Evidence from Nigerian listed companies. Corporate Ownership & Control, 8(4-4), 391-400. https://doi.org/10.22495/cocv8i4c4art1
