![](/images/graphics-bg.png)
Ownership structure and firm performance: evidence from Casablanca stock exchange
مقدم أطروحة جامعية
الجامعة
جامعة الأخوين
الكلية
كلية إدارة الأعمال
دولة الجامعة
المغرب
الدرجة العلمية
ماجستير
تاريخ الدرجة العلمية
2008
الملخص الإنجليزي
This study investigates relationship between ownership and firm performance in Morocco, a newly emerging stock market.
Using pooled data for all the firms listed at Casablanca Stock Exchange during 2004 to 2007, we find no relationship between ownership structure and firm performance.
Our results show that identity of the largest shareholder, ownership of the largest shareholder, and the difference between the ownership of the largest and the second largest shareholders do not affect the firm performance.
Our results are robust across different estimation techniques.
The OLS, instrument variable, and simultaneous equation estimation models yield identical results of no relationship between ownership structure and firm performance.
One of the implications of this study is that ownership structure does not convey any value relevant signal to the investors trading at the Casablanca Stock Exchange.
Firms with foreign institutions as the largest shareholders or firms with local institutions as the largest shareholders do not outperform the other.
Furthermore, our results reject the competing hypotheses of expropriation by largest shareholder or monitoring of largest shareholder for our sample.
We conclude that there is no value relevant signal for outside investors in the ownership structure of Moroccan firms
التخصصات الرئيسية
الموضوعات
عدد الصفحات
28
قائمة المحتويات
Table of contents.
Abstract.
[Chapter One] : Introduction.
Chapter Two] : Motivation and background].
Chapter Three] : Ownership characteristics and the firm performance].
Chapter Four] : Data].
Chapter Five] : Methodology].
[Chapter Six] : Robustness of results: endogeneity issues.
[Chapter Seven] : Estimation issues : difference between cash flow and voting rights.
Chapter Eight] : Conclusion].
References.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Bin Nani, Karim. (2008). Ownership structure and firm performance: evidence from Casablanca stock exchange. (Master's theses Theses and Dissertations Master). Al Akhawayn University, Morocco
https://search.emarefa.net/detail/BIM-625593
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Bin Nani, Karim. Ownership structure and firm performance: evidence from Casablanca stock exchange. (Master's theses Theses and Dissertations Master). Al Akhawayn University. (2008).
https://search.emarefa.net/detail/BIM-625593
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Bin Nani, Karim. (2008). Ownership structure and firm performance: evidence from Casablanca stock exchange. (Master's theses Theses and Dissertations Master). Al Akhawayn University, Morocco
https://search.emarefa.net/detail/BIM-625593
لغة النص
الإنجليزية
نوع البيانات
رسائل جامعية
رقم السجل
BIM-625593
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
![](/images/ebook-kashef.png)
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر
![](/images/kashef-image.png)