Biblioteca Digital de VanguardiaOwnership structure and financial performance of colombian firms from the perspective of controlling shareholders.
This research evaluates the relationship between ownership structure and financial performance of firms listed in the Colombian Stock Exchange Market for the period 2011-2015. For this purpose, the ownership structure is categorized to identify the controlling shareholder and is modelled in a panel...
| Autores principales: | , , |
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| Formato: | Revistas |
| Lenguaje: | Español |
| Publicado: |
Universidad de Cartagena
2018
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| Acceso en línea: | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/2236 |
| Sumario: | This research evaluates the relationship between ownership structure and financial performance of firms listed in the Colombian Stock Exchange Market for the period 2011-2015. For this purpose, the ownership structure is categorized to identify the controlling shareholder and is modelled in a panel data with random effects. Findings indicate that public controlling shareholders (State), the private shareholders and foreign controlling shareholders have a significant influence on the financial performance measured by Q-Tobin under International Financial Reporting Standards. |
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