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Applied Economics Letters Volume 10, 2003 - Issue 8
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Original Articles

Is ownership really endogenous?

Klaus Gugler Department of Economics, University of Vienna, Bruennerstrasse 72, 1210 Vienna, Austria
&
Jürgen Weigand WHU Graduate School of Management Koblenz, Burgplatz 2, D-56179 Vallendar, Germany
Pages 483-486 | Published online: 06 Oct 2010

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Sandra Alves. (2023) The impact of managerial ownership on audit fees: Evidence from Portugal and Spain. Cogent Economics & Finance 11:1.
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Tu DQ Le. (2021) Geographic expansion, income diversification, and bank stability: Evidence from Vietnam. Cogent Business & Management 8:1.
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Tu Dq Le. (2020) Multimarket contacts and bank profitability: do diversification and bank ownership matter?. Cogent Economics & Finance 8:1.
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Thierno Amadou Barry, Amine Tarazi & Paul Wachtel. (2019) Falling under the control of a different type of owner:risk-taking implications for banks. Applied Economics 51:8, pages 831-847.
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Zhong Qin, Vinod Mishra & Russell Smyth. (2016) An empirical examination of endogenous ownership in Chinese private enterprises. Journal of the Asia Pacific Economy 21:4, pages 513-530.
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Yingkai Yin, Yahua Zhang, Xiaotian Tina Zhang & Fang Hu. (2015) Does Foreign Bank Entry Make Chinese Banks Stronger?. Global Economic Review 44:3, pages 269-285.
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Naiwei Chen & E-N Hsiao. (2014) Insider ownership and financial flexibility. Applied Economics 46:29, pages 3609-3629.
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Brian Frederick Smith, Ben Amoako-Adu & Madhu Kalimipalli. (2009) Concentrated control and corporate value: a comparative analysis of single and dual class structures in Canada. Applied Financial Economics 19:12, pages 955-974.
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Vasanthakumar N. Bhat. (2008) Productivity in the retail industry: does insider ownership of shares matter?. Applied Financial Economics Letters 4:2, pages 121-125.
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Per-Olof Bjuggren, Johan E. Eklund & Daniel Wiberg. (2007) Ownership structure, control and firm performance: the effects of vote-differentiated shares. Applied Financial Economics 17:16, pages 1323-1334.
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Miguel Manjon. (2007) Does the proxy for shareholders' control make a difference in firm-performance regressions? Evidence from a blockholder system of corporate governance. Applied Economics Letters 14:6, pages 445-449.
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Ming-Yuan Chen. (2006) Managerial ownership and firm performance: an analysis using switching simultaneous-equations models. Applied Economics 38:2, pages 161-181.
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Julio Pindado & Chabela De La Torre. (2004) Why is ownership endogenous?. Applied Economics Letters 11:14, pages 901-904.
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Federica Poli. (2022) Ownership dispersion and performance in cooperative banking. Corporate Ownership and Control 19:4, pages 111-128.
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Sabrina Auci, Nicolò Barbieri, Manuela Coromaldi & Melania Michetti. (2021) Climate variability, innovation and firm performance: evidence from the European agricultural sector. European Review of Agricultural Economics 48:5, pages 1074-1108.
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Tran Thi Kim Oanh, Dinh Thi Thu Hien, Hoang Thi Phuong Anh & Dinh Thi Thu Ha. 2021. Data Science for Financial Econometrics. Data Science for Financial Econometrics 353 367 .
Shantaram Hegde, Rama Seth & S.R. Vishwanatha. (2020) Ownership concentration and stock returns: Evidence from family firms in India. Pacific-Basin Finance Journal 61, pages 101330.
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Tu DQ Le, Son H. Tran & Liem T. Nguyen. (2019) The impact of multimarket contacts on bank stability in Vietnam. Pacific Accounting Review 31:3, pages 336-357.
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Shikha BhatiaAman Srivastava. (2017) Do Promoter Holding and Firm Performance Exhibit Endogenous Relationship? An Analysis from Emerging Market of India. Management and Labour Studies 42:2, pages 107-119.
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Brian K. Boyd & Angelo M. Solarino. (2016) Ownership of Corporations. Journal of Management 42:5, pages 1282-1314.
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Naima Lassoued, Houda Sassi & Mouna Ben Rejeb Attia. (2016) The impact of state and foreign ownership on banking risk: Evidence from the MENA countries. Research in International Business and Finance 36, pages 167-178.
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Mona A. ElBannan. (2015) Do consolidation and foreign ownership affect bank risk taking in an emerging economy? An empirical investigation. Managerial Finance 41:9, pages 874-907.
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Zorica Kalezić. (2015) Ownership Concentration and Firm Performance in Transition Economies: Evidence from Montenegro. Journal of Central Banking Theory and Practice 4:3, pages 5-64.
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Ruth Tacneng. (2015) The impact of minority foreign ownership and controlling shareholder on bank risk and performance. Managerial Finance 41:5, pages 526-546.
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Jin-Hui Luo & Heng Liu. (2014) Family-Concentrated Ownership in Chinese PLCs: Does Ownership Concentration Always Enhance Corporate Value?. International Journal of Financial Studies 2:1, pages 103-121.
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Samir Srairi. (2013) Ownership structure and risk-taking behaviour in conventional and Islamic banks: Evidence for MENA countries. Borsa Istanbul Review 13:4, pages 115-127.
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Cristina Boţa-Avram. (2013) Linking Governance to Efficacy of Corporate Boards: A Global Perspective. Procedia - Social and Behavioral Sciences 99, pages 1073-1081.
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Athula Manawaduge & Anura De Zoysa. (2013) The structure of corporate ownership and firm performance: Sri Lankan evidence. Corporate Ownership and Control 11:1, pages 723-734.
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Jens Grigoleit, Michael Nippa & Thomas Steger. (2016) Ökonomische Konse quenzen der Mitgliedschaft ehemaliger Vorstandsmitglieder im Aufsichtsrat: Eine empirische Analyse. Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung 63:6, pages 578-608.
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Thierno Amadou Barry, Laetitia Lepetit & Amine Tarazi. (2011) Ownership structure and risk in publicly held and privately owned banks. Journal of Banking & Finance 35:5, pages 1327-1340.
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Emma García‐Meca & Juan Pedro Sánchez‐Ballesta. (2011) Firm value and ownership structure in the Spanish capital market. Corporate Governance: The international journal of business in society 11:1, pages 41-53.
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Irena Grosfeld. (2009) Large shareholders and firm value: Are high-tech firms different?. Economic Systems 33:3, pages 259-277.
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Panayotis Kapopoulos & Sophia Lazaretou. (2009) Does corporate ownership structure matter for economic growth? A cross-country analysis. Managerial and Decision Economics 30:3, pages 155-172.
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Christian Andres. (2008) Large shareholders and firm performance—An empirical examination of founding-family ownership. Journal of Corporate Finance 14:4, pages 431-445.
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Marc Goergen, Miguel C. Manjon & Luc Renneboog. (2008) Recent developments in German corporate governance. International Review of Law and Economics 28:3, pages 175-193.
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Julio Pindado & Chabela de la Torre. (2006) The Role of Investment, Financing and Dividend Decisions in Explaining Corporate Ownership Structure: Empirical Evidence from Spain. European Financial Management 12:5, pages 661-687.
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Irena Grosfeld. (2006) Ownership Concentration and Firm Performance: Evidence from an Emerging Market. SSRN Electronic Journal.
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Christian Andres. (2007) Family Ownership as the Optimal Organizational Structure?. SSRN Electronic Journal.
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Erik E. Lehmann. (2006) Corporate Governance in New Enterprises, or Why do Some CEOs Hold Large Equity Stakes While Others are Paid Through Stock Options?. SSRN Electronic Journal.
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Marc Goergen, Miguel C. Manjon Antolin & Luc D.R. Renneboog. (2004) Recent Developments in German Corporate Governance. SSRN Electronic Journal.
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Julio Pindado & Chabela de la Torre. (2004) Why is Ownership Endogenous?. SSRN Electronic Journal.
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Panayotis Kapopoulos & Sophia Lazaretou. (2005) Does Corporate Ownership Structure Matter for Economic Growth? A Cross-Country Analysis. SSRN Electronic Journal.
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Wolfgang Breuer, Torbjörn Müller & Astrid Juliane Salzmann. (2022) Corporate Social Responsibility, Investor Time Preferences, and Cost of Equity. SSRN Electronic Journal.
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Tu Le. (2021) Multimarket contacts and bank profitability: Do diversification and bank ownership matter?. SSRN Electronic Journal.
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Tu Le. (2021) Can foreign ownership reduce bank risk? Evidence from Vietnam. SSRN Electronic Journal.
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Manoranjan Pattanayak. (2008) Disentangling the Performance and Entrenchment Effect of Family Shareholding: A Study of Indian Corporate Governance. SSRN Electronic Journal.
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