How to cite this paper
Kotey, R., Kusi, B & Akomatey, R. (2020). Ownership structure and profitability of listed firms in an emerging market.Accounting, 6(1), 51-66.
Refrences
Abel, S. & Le Roux, P. (2016). Determinants of banking sector profitability in Zimbabwe? International Journal of Economics and Financial Issues, 6(3), 845-854
Alchian, A.A. (1965). Some economics of property rights. Il Politico 30, 816–829.
Altunbas, Y., Evans, L., & Molyneux, P. (2001). Bank ownership and efficiency. Journal of Money, Credit and Banking 33, 926–954.
Athanasoglou, P. P., Brissimis, S. N., & Delis, M. D. (2008). Bank-specific, industry-specific and macroeconomic determinants of bank profitability. Journal of international financial Markets, Institutions and Money, 18(2), 121-136.
Balsmeier, B., & Czarnitzki, D. (2017). Ownership concentration, institutional development and firm performance in Central and Eastern Europe. Managerial and Decision Economics, 38(2), 178-192.
Berger, A. N., Miller, N. H., Petersen, M. A., Rajan, R. G., & Stein, J. C. (2005). Does function follow organizational form? Evidence from the lending practices of large and small banks. Journal of Financial Economics, 76(2), 237-269.
Bearle Jr., Means, G.C., (1932). The Modern Corporation and Private Property. Macmillan, New York.
Bokpin, G. A. (2013). Ownership structure, corporate governance and bank efficiency: an empirical analysis of panel data from the banking industry in Ghana. Corporate Governance: The International Journal of Business in Society, 13(3), 274-287.
Brooks, C. (2008). Introductory financial econometrics.
Chang, S. J. (2003). Ownership structure, expropriation, and performance of group-affiliated companies in Korea. Academy of Management Journal, 46(2), 238-253.
Dahmash, F. N. (2015). Size effect on company profitability: Evidence from Jordan. International Journal of Business and Management, 10(2), 58-72
Demsetz, H., & Villalonga, B. (2001). Ownership structure and corporate performance. Journal of Corporate Finance, 7(3), 209-233.
Dietrich, A., & Wanzenried, G. (2011). Determinants of bank profitability before and during the crisis: Evidence from Switzerland. Journal of International Financial Markets, Institutions and Money, 21(3), 307-327.
Eisenhardt, K. M. (1989). Agency theory: An assessment and review. Academy of Management Review, 14(1), 57-74.
Fama, E.F. and M.C. Jensen. 1983. Separation of Ownership and Control. Journal of Law and Economics, 26, 327-349.
Freeman, R. E. (1984). Strategic management: A stakeholder perspective. Boston: Pitman, 13.
Freeman, R. E., Gilbert, D. R., & Hartman, E. (1988). Values and the foundations of strategic management. Journal of Business Ethics, 7(11), 821-834.
Friedman, M. (1970). A theoretical framework for monetary analysis. Journal of Political Economy, 78(2),193-238.
Fries, S., & Taci, A. (2005). Cost efficiency of banks in transition: Evidence from 289 banks in 15 post-communist countries. Journal of Banking and Finance, 29, 55-81.
Gedajlovic, E., & Shapiro, D. M. (2002). Ownership structure and firm profitability in Japan. Academy of Management Journal, 45(3), 565-575.
Greene, W. (1993). Econometric Analysis. New York: MacMillan Publishing Co.
Hamilton, G. G., & Biggart, N. W. (1988). Market, culture and authority: A comparative analysis of management and organization in the Far-East. American Journal of Sociology, 94, S52
Han, K. C., & Suk, D. Y. (1998). The effect of ownership structure on firm performance: Additional evidence. Review of Financial Economics, 7(2), 143-155.
Iannotta, G., Nocera, G., & Sironi, A. (2007). Ownership structure, risk and performance in the European banking industry. Journal of Banking & Finance, 31(7), 2127-2149.
Jensen, M.C., W. Meckling. (1976). Theory of the firm: Managerial behavior, agency costs, and ownership Structure. Journal of Financial Economics 3 (October): 305-360.
Jensen, M. C. (1993). The modem industrial revolution, exit, and the failure of internal control systems. Journal of Finance, 48 (July): 831-880.
Kapopoulos, P., & Lazaretou, S. (2007). Corporate ownership structure and firm performance: evidence from Greek firms. Corporate Governance: An International Review, 15(2), 144-158.
Kasman, A. (2010). Consolidation and competition in the banking industries of the EU member and candidate countries. Emerging Markets Finance and Trade, 46(6), 121-139.
Kochan, T. A., & Rubinstein, S. A. (2000). Toward a stakeholder theory of the firm: The Saturn partnership. Organization science, 11(4), 367-386.
Kosak, M., & Cok, M. (2008). Ownership Structure and Profitability of the Banking Sector: The Evidence from the SEE-6 Region.
Kotey, R., Akomatey, R., & Kusi, B. A. (2019). Data for: Ownership structure and Profitability of
listed firms in an Emerging market, Mendeley Data, V2.
Kusi, B. A., Gyeke-Dako, A., & Agbloyor, E. K. (2017). Bank profitability determination in income brackets in Africa: a shareholder versus stakeholder perspective. African Finance Journal, 19(2), 29-46.
Kwan, S.H. (2004). Risk and return of publicly held versus privately owned banks. Federal Reserve Bank of New York Economic Policy Review 10, 97–107.
Mangena, M., Tauringana, V., & Chamisa, E. (2012). Corporate boards, ownership structure and firm performance in an environment of severe political and economic crisis. British Journal of Management, 23, S23-S41.
McConnell, J. J., & Servaes, H. (1990). Additional evidence on equity ownership and corporate value. Journal of Financial Economics, 27(2), 595-612.
Micco, A., Panizza, U., & Yanez, M. (2004). Bank Ownership and Performance. Inter-American Development Bank Working Paper No. 518.
Milgrom, P. R., & Roberts, J. D. (1992). Economics, organization and management.
Morck, R., Shleifer, A., & Vishny, R. W. (1988). Management ownership and market valuation: An empirical analysis. Journal of Financial Economics, 20, 293-315.
Naceur, S. B., & Omran, M. (2011). The effects of bank regulations, competition, and financial reforms on banks' performance. Emerging Markets Review, 12(1), 1-20.
Peck-Ling, T., Nai-Chiek, A., & Chee-Seong, L. (2016). Foreign ownership, foreign directors and the profitability of Malaysian listed companies. Procedia-Social and Behavioral Sciences, 219, 580-588.
Phung, D. N., & Mishra, A. V. (2016). Ownership structure and firm performance: Evidence from Vietnamese listed firms. Australian Economic Papers, 55(1), 63-98.
Shamki, D., Alulis, I. K. & Sayari, K. (2016). Financial information influencing commercial bank profitability. International Journal of Economics and Finance, 8(6), 166-174.
Shleifer, A., & Vishny, R. W. (1997). A survey of corporate governance. Journal of Finance, 52, 737-783.
Terraza, V. (2015). The effect of bank size on risk ratios: Implications of banks’ performance. Procedia Economics and Finance, 30, 903-909.
Wooldridge, J. M.(2009): Introductory econometrics: a modern approach. Publisher: South-Western.
Yu, M. (2013). State ownership and firm performance: Empirical evidence from Chinese listed companies. China Journal of Accounting Research, 6(2), 75-87.
Xia, F., & Walker, G. (2015). How much does owner type matter for firm performance? Manufacturing firms in China 1998–2007. Strategic Management Journal, 36(4), 576-585.
Alchian, A.A. (1965). Some economics of property rights. Il Politico 30, 816–829.
Altunbas, Y., Evans, L., & Molyneux, P. (2001). Bank ownership and efficiency. Journal of Money, Credit and Banking 33, 926–954.
Athanasoglou, P. P., Brissimis, S. N., & Delis, M. D. (2008). Bank-specific, industry-specific and macroeconomic determinants of bank profitability. Journal of international financial Markets, Institutions and Money, 18(2), 121-136.
Balsmeier, B., & Czarnitzki, D. (2017). Ownership concentration, institutional development and firm performance in Central and Eastern Europe. Managerial and Decision Economics, 38(2), 178-192.
Berger, A. N., Miller, N. H., Petersen, M. A., Rajan, R. G., & Stein, J. C. (2005). Does function follow organizational form? Evidence from the lending practices of large and small banks. Journal of Financial Economics, 76(2), 237-269.
Bearle Jr., Means, G.C., (1932). The Modern Corporation and Private Property. Macmillan, New York.
Bokpin, G. A. (2013). Ownership structure, corporate governance and bank efficiency: an empirical analysis of panel data from the banking industry in Ghana. Corporate Governance: The International Journal of Business in Society, 13(3), 274-287.
Brooks, C. (2008). Introductory financial econometrics.
Chang, S. J. (2003). Ownership structure, expropriation, and performance of group-affiliated companies in Korea. Academy of Management Journal, 46(2), 238-253.
Dahmash, F. N. (2015). Size effect on company profitability: Evidence from Jordan. International Journal of Business and Management, 10(2), 58-72
Demsetz, H., & Villalonga, B. (2001). Ownership structure and corporate performance. Journal of Corporate Finance, 7(3), 209-233.
Dietrich, A., & Wanzenried, G. (2011). Determinants of bank profitability before and during the crisis: Evidence from Switzerland. Journal of International Financial Markets, Institutions and Money, 21(3), 307-327.
Eisenhardt, K. M. (1989). Agency theory: An assessment and review. Academy of Management Review, 14(1), 57-74.
Fama, E.F. and M.C. Jensen. 1983. Separation of Ownership and Control. Journal of Law and Economics, 26, 327-349.
Freeman, R. E. (1984). Strategic management: A stakeholder perspective. Boston: Pitman, 13.
Freeman, R. E., Gilbert, D. R., & Hartman, E. (1988). Values and the foundations of strategic management. Journal of Business Ethics, 7(11), 821-834.
Friedman, M. (1970). A theoretical framework for monetary analysis. Journal of Political Economy, 78(2),193-238.
Fries, S., & Taci, A. (2005). Cost efficiency of banks in transition: Evidence from 289 banks in 15 post-communist countries. Journal of Banking and Finance, 29, 55-81.
Gedajlovic, E., & Shapiro, D. M. (2002). Ownership structure and firm profitability in Japan. Academy of Management Journal, 45(3), 565-575.
Greene, W. (1993). Econometric Analysis. New York: MacMillan Publishing Co.
Hamilton, G. G., & Biggart, N. W. (1988). Market, culture and authority: A comparative analysis of management and organization in the Far-East. American Journal of Sociology, 94, S52
Han, K. C., & Suk, D. Y. (1998). The effect of ownership structure on firm performance: Additional evidence. Review of Financial Economics, 7(2), 143-155.
Iannotta, G., Nocera, G., & Sironi, A. (2007). Ownership structure, risk and performance in the European banking industry. Journal of Banking & Finance, 31(7), 2127-2149.
Jensen, M.C., W. Meckling. (1976). Theory of the firm: Managerial behavior, agency costs, and ownership Structure. Journal of Financial Economics 3 (October): 305-360.
Jensen, M. C. (1993). The modem industrial revolution, exit, and the failure of internal control systems. Journal of Finance, 48 (July): 831-880.
Kapopoulos, P., & Lazaretou, S. (2007). Corporate ownership structure and firm performance: evidence from Greek firms. Corporate Governance: An International Review, 15(2), 144-158.
Kasman, A. (2010). Consolidation and competition in the banking industries of the EU member and candidate countries. Emerging Markets Finance and Trade, 46(6), 121-139.
Kochan, T. A., & Rubinstein, S. A. (2000). Toward a stakeholder theory of the firm: The Saturn partnership. Organization science, 11(4), 367-386.
Kosak, M., & Cok, M. (2008). Ownership Structure and Profitability of the Banking Sector: The Evidence from the SEE-6 Region.
Kotey, R., Akomatey, R., & Kusi, B. A. (2019). Data for: Ownership structure and Profitability of
listed firms in an Emerging market, Mendeley Data, V2.
Kusi, B. A., Gyeke-Dako, A., & Agbloyor, E. K. (2017). Bank profitability determination in income brackets in Africa: a shareholder versus stakeholder perspective. African Finance Journal, 19(2), 29-46.
Kwan, S.H. (2004). Risk and return of publicly held versus privately owned banks. Federal Reserve Bank of New York Economic Policy Review 10, 97–107.
Mangena, M., Tauringana, V., & Chamisa, E. (2012). Corporate boards, ownership structure and firm performance in an environment of severe political and economic crisis. British Journal of Management, 23, S23-S41.
McConnell, J. J., & Servaes, H. (1990). Additional evidence on equity ownership and corporate value. Journal of Financial Economics, 27(2), 595-612.
Micco, A., Panizza, U., & Yanez, M. (2004). Bank Ownership and Performance. Inter-American Development Bank Working Paper No. 518.
Milgrom, P. R., & Roberts, J. D. (1992). Economics, organization and management.
Morck, R., Shleifer, A., & Vishny, R. W. (1988). Management ownership and market valuation: An empirical analysis. Journal of Financial Economics, 20, 293-315.
Naceur, S. B., & Omran, M. (2011). The effects of bank regulations, competition, and financial reforms on banks' performance. Emerging Markets Review, 12(1), 1-20.
Peck-Ling, T., Nai-Chiek, A., & Chee-Seong, L. (2016). Foreign ownership, foreign directors and the profitability of Malaysian listed companies. Procedia-Social and Behavioral Sciences, 219, 580-588.
Phung, D. N., & Mishra, A. V. (2016). Ownership structure and firm performance: Evidence from Vietnamese listed firms. Australian Economic Papers, 55(1), 63-98.
Shamki, D., Alulis, I. K. & Sayari, K. (2016). Financial information influencing commercial bank profitability. International Journal of Economics and Finance, 8(6), 166-174.
Shleifer, A., & Vishny, R. W. (1997). A survey of corporate governance. Journal of Finance, 52, 737-783.
Terraza, V. (2015). The effect of bank size on risk ratios: Implications of banks’ performance. Procedia Economics and Finance, 30, 903-909.
Wooldridge, J. M.(2009): Introductory econometrics: a modern approach. Publisher: South-Western.
Yu, M. (2013). State ownership and firm performance: Empirical evidence from Chinese listed companies. China Journal of Accounting Research, 6(2), 75-87.
Xia, F., & Walker, G. (2015). How much does owner type matter for firm performance? Manufacturing firms in China 1998–2007. Strategic Management Journal, 36(4), 576-585.