Title

International ownership and firm performance in Arab economies

Document Type

Article

Source of Publication

Corporate Ownership and Control

Publication Date

8-10-2020

Abstract

This paper aims at filling existing research by examining the impact of corporate governance and ownership structure on firm performance using cross-sectional data from companies in the MENA region for the years 2009-2013. The results indicate that higher ownership concentration is associated with higher returns. Furthermore, firms with higher international ownership share tend to perform better than those with only local private and/or state ownership. The results suggest some prevalent features with respect to ownership and performance of firms in the MENA region. Due to the volatile social and business environment, these firms operate in, they may be particularly dependent on effective ownership structures and support which may be provided by international, institutional, and large shareholders.

ISSN

1727-9232

Publisher

Virtus Interpress

Volume

17

First Page

308

Last Page

318

Disciplines

Business

Indexed in Scopus

no

Open Access

yes

Open Access Type

Gold: This publication is openly available in an open access journal/series

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