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المؤلفZeitun, Rami
المؤلفAl-Kawari, Duha
تاريخ الإتاحة2024-02-29T14:55:46Z
تاريخ النشر2012-03-01
اسم المنشورCorporate Ownership and Control
المعرّفhttp://dx.doi.org/10.22495/cocv9i3art10
الرقم المعياري الدولي للكتاب17279232
معرّف المصادر الموحدhttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=84909988655&origin=inward
معرّف المصادر الموحدhttp://hdl.handle.net/10576/52520
الملخصThis study investigates the effect of government ownership structure, business risk and financial leverage among other variables (size, age and growth) on a company’s performance in a panel data, using 191 companies from five GCC countries (Qatar, Saudi Arabia, Oman, Bahrain and Kuwait), during the period 1999- 2006. Our results indicate that government ownership affects the performance and value of GCC firms. Government ownership positively and significantly affects firm’s performance ROA. The insignificance of a firm’s leverage (LEV) indicates that the firm’s performance is irrelevant to its capital structure, and that supports Modigliani and Miller (M&M) (1958) argument. Our finding is that business risk (BETA) significantly and positively affects firm’s performance ROE and supports the classic risk trade-off arguments. Furthermore, age was found to have a positive and significant impact on firm’s performance ROA and ROE.
اللغةen
الناشرVirtus Interpress
الموضوعAgency theory
Business risk
Financial leverage
Firm performance
GCC countries
Government ownership
Ownership structure
العنوانGovernment ownership, business risk, financial leverage and corporate performance: Evidence from gcc countries
النوعArticle
رقم العدد3
رقم المجلد9
dc.accessType Abstract Only


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