Ownership Structures, Investors Confidence and Financial Decisions in Family Firms: Evidence From GCC Markets

Shahid, Muhammad Sadiq; Felimban, Razaz; Naheed, Khawar; aleem, usman; nawaz, shaiza

doi:10.46745/ilma.jbs.2018.14.01.05

Cited by 2 publications

(2 citation statements)

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“…The findings of this review show that ownership structure-related studies mainly revolves around the firm performance mainly financial performance [45,68,70,78,147,148,150]. In addition to this, some studies link ownership structure with EM [37,73,110], dividend policy [18,33,80,88,109,127], cash holdings [77] and other related topics [41,52,55,87,125,128,135]. Ownership themes that emerged from this review paper are family ownership, excess ownership, institutional ownership and managerial/director ownership.…”

Section: Ownership Structure and Related Studiesmentioning

confidence: 98%

Corporate governance looking back to look forward in Pakistan: a review, synthesis and future research agenda

et al. 2022

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The basic aim of this paper is to systematically review the corporate governance research trends in Pakistan and to give directions for future researchers in this field. The methodology adopted in this paper is “Systematic Literature Review,” 108 papers have been used from the period 2002–2020 along with 17 research theses in this study. The findings of this study show two trends in corporate governance research first one form 2008 to 2016 and the second one is from 2017 to 2020. The first trend shows that corporate governance (variables) is linked with traditional topics such as firm performance, dividend policy, capital structure, cost of capital and earnings management. The theory which is mostly used in the first corporate governance trend is the agency theory. In the second trend, corporate governance (variables) are linked with multiple issues while taking various theoretical perspectives such as risk taking, tunneling, CSR, investment portfolios, board-related issues, financial distress and much more. This paper has identified and filled the research gap by writing a comprehensive review paper of the prevailing corporate governance literature and has given directions for future researchers to consider it. To the best of researchers’ knowledge, this is the first study that has systematically reviewed and synthesized the corporate governance literature by adopting the systematic literature review methodology in Pakistan an emerging economy. It is an extensive effort for the purpose to encourage the interested researchers/scholars to add and expand their contributions to the corporate governance literature in Pakistan on the potentially identified areas of corporate governance.

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Section: Ownership Structure and Related Studiesmentioning

confidence: 98%

Corporate governance looking back to look forward in Pakistan: a review, synthesis and future research agenda

et al. 2022

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“…Besides, the company's ownership structure can influence the policies made by the company's management (Fox & Hamilton, 1994). Shahid et al (2018) stated that ownership structure could moderate the relationship The Impact of Ownership Structure on CSR Disclosure: Evidence from Indonesia Accounting and Investment, 2022 | 233 between managers and owners, and therefore, the owners could influence the company's decision because they are interested in the company's development.…”

Section: Ownership Structurementioning

confidence: 99%

The Impact of Ownership Structure on CSR Disclosure: Evidence from Indonesia

Nugraheni

Indrasari

Hamzah

2022

JAI

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Research aims: When stakeholders want to invest in a company, CSR is one of the concerns. Thus, this study aims to examine the effect of ownership structure on corporate social responsibility disclosure in Indonesian companies. The ownership structure in this study consisted of managerial ownership, institutional ownership, public ownership, and foreign ownership.Design/Methodology/Approach: The samples in this study were companies listed on the Indonesian stock exchange from 2017 to 2019 that belonged to the sensitive industry category. The ownership structure comprised managerial ownership, institutional ownership, public ownership, and foreign ownership. CSR disclosure was measured using the Global Reporting Initiative (GRI). The data were then analyzed using panel data regression.Research findings: The results showed that institutional ownership positively affected CSR disclosure, while managerial, foreign, and public ownership did not affect CSR disclosure. Theoretical contribution/Originality: The company’s organs, including ownership structure, are expected to encourage companies to be more active in conducting CSR and disclosing it in company reports. However, while many ownership structures do not affect CSR, stakeholders and regulators need to encourage other instruments that can be used to increase CSR disclosure.

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Ownership Structures, Investors Confidence and Financial Decisions in Family Firms: Evidence From GCC Markets

Cited by 2 publications

References 32 publications

Corporate governance looking back to look forward in Pakistan: a review, synthesis and future research agenda

Corporate governance looking back to look forward in Pakistan: a review, synthesis and future research agenda

The Impact of Ownership Structure on CSR Disclosure: Evidence from Indonesia

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