文章基本信息

标题：Ownership Concentration And Firm Value A Panel Data Analysis On The Impact Of Ownership Concentration On Firm Value.
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作者：Lukas Setia Atmaja ; Lukas Setia Atmaja
期刊名称：International Research Journal of Business Studies
印刷版ISSN：2089-6271
电子版ISSN：2338-4565
出版年度：2009
卷号：2
期号：2
页码：99-110
语种：English
出版社：Prasetiya Mulya Publishing
摘要：This study examines the impact of ownership concentration on frm value. This study fnds a negative and signifcant relationship between ownership concentration (measured by aggregate substantial shareholdings and the presence of controlling shareholders) and frm value. This suggests that large or controlling shareholders can extract the private benefts of control which in turn leads to lower frm value. The results support the rent extraction hypothesis, but not the agency relationship.
关键词：ownership concentration;firm value;panel regression