Ownership concentration and firm performance : evidence from Thailand | |
| Author | Kafley, Krishna Prasad |
| Call Number | AIT RSPR no.SM-05-92 |
| Subject(s) | Business enterprises--Evaluation--Thailand Corporate governance--Thailand |
| Note | A Research Study submitted in partial fulfillment of the requirement for the Degree of Masters in Business Administration, School of Management |
| Publisher | Asian Institute of Technology |
| Series Statement | Research studies project report ; no. SM-05-92 |
| Abstract | This paper examines the impact of ownership concentration on the firm performance using panel of companies included in the SET50 Index for the period 2000-2004, where ownership tends to be highly concentrated. A concentrated share holding could be dormant and might not influence the performance of the firm. However, a concentrated shareholder can have two very different effects on corporate performance. The first effect arises because, compared to small shareholders, a majority shareholder has stronger incentive to monitor management and improve performance. The second opposite effect is that a controlling shareholder could capture monetary and other benefits of control at the expense of smaller shareholders and thereby negatively affect the corporate performance. The results suggest that concentrated shareholding has no effect on the firm performance in SET50. |
| Keyword | Corporate Governance, Ownership Concentration, Firm Performance, Thailand, Return on Equity, Return on Assets, Market Returns. |
| Year | 2005 |
| Corresponding Series Added Entry | Asian Institute of Technology. Research studies project report ; no. SM-05-92 |
| Type | Research Study Project Report (RSPR) |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
| Chairperson(s) | Venkatesh, Sundar |
| Examination Committee(s) | Dimmitt, Nicholas J.; Kouwenberg, Roy |
| Scholarship Donor(s) | Government of Japan |
| Degree | Research report (M.Sc.) - Asian Institute of Technology, 2005 |