๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Corporate governance, ownership structure and corporate efficiency: the case of Ukraine

โœ Scribed by Vitaliy Zheka

Publisher
John Wiley and Sons
Year
2005
Tongue
English
Weight
133 KB
Volume
26
Category
Article
ISSN
0143-6570

No coin nor oath required. For personal study only.

โœฆ Synopsis

Abstract

The goal of this paper is to examine the effects of different ownership structures and of the quality of corporate governance on the Farrell measure of efficiency. Data Envelopment Analysis and Limited Dependent Variable Estimations are applied to the set of Ukrainian jointโ€stock companies listed on the main Ukrainian stock exchange, First Securities Trading System. Domestic ownership of the organization is found to enhance efficiency the most, whereas managerial ownership has a detrimental effect on efficiency. Foreign owned firms are relatively inefficient; however foreign ownership is found to have a positive and significant effect on corporate governance quality. Concentrated ownership rights (including state ownership) improve efficiency, possibly reflecting countryโ€specific factors. The quality of corporate governance is found to have a positive impact on the efficiency of domestically owned firms. Copyright ยฉ 2005 John Wiley & Sons, Ltd.

๐Ÿ“œ SIMILAR VOLUMES

Corporate governance and development: th
Corporate governance and development: the case of China
โœ Sean Liu ๐Ÿ“‚ Article ๐Ÿ“… 2005 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 78 KB ๐Ÿ‘ 1 views

## Abstract There has been a growing interest in corporate governance in China in recent years. This article assesses some of the key moves by the Chinese authorities aimed at developing corporate governance in China. Many problems persist that are typical of systems that fail to protect shareholde

Patterns of corporate governance and tec
Patterns of corporate governance and technical efficiency in Italian manufacturing
โœ Sergio Destefanis; Vania Sena ๐Ÿ“‚ Article ๐Ÿ“… 2006 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 174 KB

## Abstract The purpose of this paper is to analyse the relationship between the corporate governance system and technical efficiency in Italian manufacturing. We use a nonโ€parametric frontier technique (DEA) to derive technical efficiency measures for a sample of Italian firms taken from nine manu

Agency theory and the influence of equit
Agency theory and the influence of equity ownership structure on corporate diversification strategies
โœ David J. Denis; Diane K. Denis; Atulya Sarin ๐Ÿ“‚ Article ๐Ÿ“… 1999 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 39 KB ๐Ÿ‘ 2 views

We articulate the agency theory view of managerial decision making and its implications for corporate diversification strategies. From agency theory, we generate testable predictions for the relation between equity ownership structure and diversification strategies and review the existing evidence o