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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 a Ondřej ČÁSTEK. The Effect of Ownership Structure on Corporate Financial Performance in the Czech Republic. \textit{Ekonomický časopis}. Bratislava: SAP - Slovak Academic Press, 2016, roč.~64, č.~5, s.~477-498. ISSN~0013-3035.
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