A Meta-Analytic Vision of the Effect of Ownership Structure on Firm Performance

15 Pages Posted: 1 Oct 2007

Abstract

There is a considerable volume of research on the effects of ownership structure on firm performance. However, the empirical results in this field are often conflicting and inconsistent. A meta-analysis based on 33 studies allows an integration of the results on the association between insider ownership, ownership concentration and firm performance. The findings show that governance system, measurement of performance, and control for endogeneity moderate the effect of ownership on firm performance.

Suggested Citation

Sánchez-Ballesta, Juan P. and García-Meca, Emma, A Meta-Analytic Vision of the Effect of Ownership Structure on Firm Performance. Corporate Governance: An International Review, Vol. 15, No. 5, pp. 879-892, September 2007, Available at SSRN: https://ssrn.com/abstract=1017389 or http://dx.doi.org/10.1111/j.1467-8683.2007.00604.x

Juan P. Sánchez-Ballesta (Contact Author)

University of Murcia ( email )

Avda Teniente Flomesta, 5
Murcia, Murcia 30100
Spain

Emma García-Meca

Universidad Politécnica de Cartagena ( email )

Departamento Economia Financiera y Contabilidad
Cartagena, Murcia 30201
Spain

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