The impact of ownership on corporate performance : the case of the UAE
Joint Authors
Markovski, Minko
Qandil, Majidah
Source
Economic Research Forum : Working Paper Series
Issue
Vol. 2017, Issue 1075-1171 (31 Dec. 2017), pp.1-41, 41 p.
Publisher
Economic Research Forum for the Arab Countries Iran and Turkey
Publication Date
2017-12-31
Country of Publication
Egypt
No. of Pages
41
Main Subjects
Topics
Abstract EN
This study attempts to identify whether government ownership has an effect on corporate performance, such as Return on Assets (ROA), Price to Book value, and Profits for a sample of 102 listed companies on the UAE stock exchanges and a subsample of 17 banks listed on the same bourses over a period of 31 quarters.
In the case of the sample of 102 companies, government ownership has a positive impact on some of the corporate performance indicators, as well in the banking subsample.
In addition, the analysis evaluates the impact of state ownership on debt accumulated across the two samples.
The results indicate that state ownership reduced the need to accumulate debt in general across the larger sample.
However, focusing on banks, state ownership facilitates borrowing and accumulating debt.
The results point to the positive effect of state ownership on corporate performance.
Further, state ownership eases constraints on banks’ borrowing as it boosts confidence in the outlook facilitating higher ratings and cheaper sources of funding.
American Psychological Association (APA)
Qandil, Majidah& Markovski, Minko. 2017. The impact of ownership on corporate performance : the case of the UAE. Economic Research Forum : Working Paper Series،Vol. 2017, no. 1075-1171, pp.1-41.
https://search.emarefa.net/detail/BIM-760590
Modern Language Association (MLA)
Qandil, Majidah& Markovski, Minko. The impact of ownership on corporate performance : the case of the UAE. Economic Research Forum : Working Paper Series No. 1075-1171 (Dec. 2017), pp.1-41.
https://search.emarefa.net/detail/BIM-760590
American Medical Association (AMA)
Qandil, Majidah& Markovski, Minko. The impact of ownership on corporate performance : the case of the UAE. Economic Research Forum : Working Paper Series. 2017. Vol. 2017, no. 1075-1171, pp.1-41.
https://search.emarefa.net/detail/BIM-760590
Data Type
Journal Articles
Language
English
Notes
Includes appendices : p. 12-41
Record ID
BIM-760590