CEU Electronic Theses and Dissertations, 2007
| Author | Szep, Istvan |
|---|---|
| Title | Ownership Concentration and Firm Performance on Romanian RASDAQ market |
| Summary | There is a large body of literature that documents the relationship between the degree of ownership concentration and the firm’s performance. The results are spread among many opinions. The purpose of this study was to determine whether there is any relationship between ownership concentration and firm performance in Romanian firms. I used a complex database, describing 580 firms listed on the Bucharest Stock Exchange – RASDAQ market and I determined that there is a positive relationship between the largest blockholder and return on asset growth and even more this relationship is concave, but the evidence between the largest blockholder and labor productivity is not supported by the data, although for some industries it is. Further more, contrary to some of the views, the second largest blockholder has a negative impact on the firm’s performance and it is U-shaped. |
| Supervisor | Telegdy, Almos |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2007/c05szi01.pdf |
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