Ownership structure’s effect on financial performance: An empirical analysis of Jordanian listed firms

This study aims to examine the impact of the ownership structure on firm performance in the Jordan. This study employed the multiple-regression model and fixed regression effect to analyse the data. The sample included all Jordanian first market firms listed on the Amman Stock Exchange (ASE) from 20...

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Autores principales:	Amneh Alkurdi, Amneh hamad, Hussam Thneibat, Mahmoud Elmarzouky
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2021
Materias:	ownership structure financial performance emerging markets return on assets tobin’s q Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/68b7a6c8ad5a462388143ed2910ed5b2
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spelling	oai:doaj.org-article:68b7a6c8ad5a462388143ed2910ed5b22021-12-02T17:55:32ZOwnership structure’s effect on financial performance: An empirical analysis of Jordanian listed firms2331-197510.1080/23311975.2021.1939930https://doaj.org/article/68b7a6c8ad5a462388143ed2910ed5b22021-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2021.1939930https://doaj.org/toc/2331-1975This study aims to examine the impact of the ownership structure on firm performance in the Jordan. This study employed the multiple-regression model and fixed regression effect to analyse the data. The sample included all Jordanian first market firms listed on the Amman Stock Exchange (ASE) from 2012 to 2018. The paper’s findings reveal a positive and significant relationship between institutional ownership and both accounting measure Return on Assets (ROA) and market measure Tobin’s Q (TQ). Other ownership structure types, such as concentration of ownership, also affect ROA and TQ. While managerial ownership shows a negative relationship with ROA, but there is no association with TQ. This study has broad and comprehensive practical implications that are good for policymakers. On the one hand, it adds to the debate on agency theory from the ownership structure and firm’s performance relationship. On the other hand, it helps the Jordanian Government formulate policies and regulations to strengthen corporate governance (CG), which increases the interests of all stakeholders in the Jordanian market.Amneh AlkurdiAmneh hamadHussam ThneibatMahmoud ElmarzoukyTaylor & Francis Grouparticleownership structurefinancial performanceemerging marketsreturn on assetstobin’s qBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 8, Iss 1 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	ownership structure financial performance emerging markets return on assets tobin’s q Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	ownership structure financial performance emerging markets return on assets tobin’s q Business HF5001-6182 Management. Industrial management HD28-70 Amneh Alkurdi Amneh hamad Hussam Thneibat Mahmoud Elmarzouky Ownership structure’s effect on financial performance: An empirical analysis of Jordanian listed firms
description	This study aims to examine the impact of the ownership structure on firm performance in the Jordan. This study employed the multiple-regression model and fixed regression effect to analyse the data. The sample included all Jordanian first market firms listed on the Amman Stock Exchange (ASE) from 2012 to 2018. The paper’s findings reveal a positive and significant relationship between institutional ownership and both accounting measure Return on Assets (ROA) and market measure Tobin’s Q (TQ). Other ownership structure types, such as concentration of ownership, also affect ROA and TQ. While managerial ownership shows a negative relationship with ROA, but there is no association with TQ. This study has broad and comprehensive practical implications that are good for policymakers. On the one hand, it adds to the debate on agency theory from the ownership structure and firm’s performance relationship. On the other hand, it helps the Jordanian Government formulate policies and regulations to strengthen corporate governance (CG), which increases the interests of all stakeholders in the Jordanian market.
format	article
author	Amneh Alkurdi Amneh hamad Hussam Thneibat Mahmoud Elmarzouky
author_facet	Amneh Alkurdi Amneh hamad Hussam Thneibat Mahmoud Elmarzouky
author_sort	Amneh Alkurdi
title	Ownership structure’s effect on financial performance: An empirical analysis of Jordanian listed firms
title_short	Ownership structure’s effect on financial performance: An empirical analysis of Jordanian listed firms
title_full	Ownership structure’s effect on financial performance: An empirical analysis of Jordanian listed firms
title_fullStr	Ownership structure’s effect on financial performance: An empirical analysis of Jordanian listed firms
title_full_unstemmed	Ownership structure’s effect on financial performance: An empirical analysis of Jordanian listed firms
title_sort	ownership structure’s effect on financial performance: an empirical analysis of jordanian listed firms
publisher	Taylor & Francis Group
publishDate	2021
url	https://doaj.org/article/68b7a6c8ad5a462388143ed2910ed5b2
work_keys_str_mv	AT amnehalkurdi ownershipstructureseffectonfinancialperformanceanempiricalanalysisofjordanianlistedfirms AT amnehhamad ownershipstructureseffectonfinancialperformanceanempiricalanalysisofjordanianlistedfirms AT hussamthneibat ownershipstructureseffectonfinancialperformanceanempiricalanalysisofjordanianlistedfirms AT mahmoudelmarzouky ownershipstructureseffectonfinancialperformanceanempiricalanalysisofjordanianlistedfirms
_version_	1718379111409254400

Ownership structure’s effect on financial performance: An empirical analysis of Jordanian listed firms

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