Institutional ownership, liquidity and firm performance Online publication date: Sat, 11-Oct-2014
by Khemaies Bougatef; Sahbi Missaoui
American J. of Finance and Accounting (AJFA), Vol. 3, No. 2/3/4, 2014
Abstract: The study of the relationship between corporate governance and financial performance is an ambiguous theme. Several studies have focused on this topic by defining a relationship between the firm performance and its ownership structure. However, empirical findings did not reach a consensus on the determinants of this relationship. This paper aims to investigate the impact of institutional ownership on the firm performance using a sample of 100 French start-ups for a period from 2004 to 2006. Our findings reveal that market liquidity significantly affects the relationship between institutions' shareholding and firm performance.
Online publication date: Sat, 11-Oct-2014
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the American J. of Finance and Accounting (AJFA):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email email@example.com