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@article{1354833,
author = {Konečný, Lukáš and Částek, Ondřej},
article_location = {Bratislava},
article_number = {5},
keywords = {ownership structure; ownership concentration; corporate financial performance; Czech Republic},
language = {eng},
issn = {0013-3035},
journal = {Ekonomický časopis},
title = {The Effect of Ownership Structure on Corporate Financial Performance in the Czech Republic},
url = {http://search.proquest.com/docview/1816855815?accountid=16531},
volume = {64},
year = {2016}
}
TY - JOUR
ID - 1354833
AU - Konečný, Lukáš - Částek, Ondřej
PY - 2016
TI - The Effect of Ownership Structure on Corporate Financial Performance in the Czech Republic
JF - Ekonomický časopis
VL - 64
IS - 5
SP - 477-498
EP - 477-498
PB - SAP - Slovak Academic Press
SN - 00133035
KW - ownership structure
KW - ownership concentration
KW - corporate financial performance
KW - Czech Republic
UR - http://search.proquest.com/docview/1816855815?accountid=16531
N2 - This paper seeks to examine the effect of ownership concentration on corporate financial performance in the Czech Republic. The study uses linear regression models and analyses data gathered from medium and large businesses in order to test the aforementioned relation. Using data from a sample of over 5,000 Czech businesses between 2010 and 2012, the study finds that ownership concentration expressed as the Herfindahl index has a weak, but statistically significant negative effect on corporate performance represented by return on assets. However, the data do not conclusively reveal whether the effect is monotonic or inverted U-shaped.
ER -
KONEČNÝ, Lukáš and Ondřej ČÁSTEK. The Effect of Ownership Structure on Corporate Financial Performance in the Czech Republic. \textit{Ekonomický časopis}. Bratislava: SAP - Slovak Academic Press, 2016, vol.~64, No~5, p.~477-498. ISSN~0013-3035.
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