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...
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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 |
| _version_ | 1782340320901464064 |
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| author | Bedoya Ríos, Beatriz Elena Giraldo Prieto, Cesar Augusto Guevara Sanabria, Jaime Alberto |
| author_facet | Bedoya Ríos, Beatriz Elena Giraldo Prieto, Cesar Augusto Guevara Sanabria, Jaime Alberto |
| author_sort | Bedoya Ríos, Beatriz Elena |
| collection | Revista |
| description | 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. |
| format | Revistas |
| id | oai:revistas.unicartagena.edu.co:article-2236 |
| institution | Revista Panorama Económico |
| language | Español |
| publishDate | 2018 |
| publisher | Universidad de Cartagena |
| record_format | ojs |
| spelling | oai:revistas.unicartagena.edu.co:article-22362020-06-06T04:51:26Z Ownership structure and financial performance of colombian firms from the perspective of controlling shareholders. Estructura de propiedad y desempeño financiero de las empresas colombianas desde la perspectiva del accionista controlante. Bedoya Ríos, Beatriz Elena Giraldo Prieto, Cesar Augusto Guevara Sanabria, Jaime Alberto Gobierno corporativo Estructura de propiedad Accionistas controlantes Desempeño financiero Corporate governance Ownership structure Controlling shareholder Financial performance 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. El presente trabajo tiene como objetivo evaluar la relación entre la estructura de propiedad y el desempeño financiero de empresas que cotizan en la Bolsa de Valores de Colombia (BVC), considerando el periodo 2011- 2015. Para tal fin, se categoriza la estructura de propiedad (EP), identificando el accionista controlante como accionista mayoritario y se emplea un modelo de panel de datos con efectos aleatorios. Se encuentra que los accionistas controlantes privados y controlantes extranjeros, tienen influencia significativa sobre el desempeño financiero medido por la Q-Tobin controlando además por la aplicación de las Normas Internacionales de Información Financiera (NIIF). 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| spellingShingle | Bedoya Ríos, Beatriz Elena Giraldo Prieto, Cesar Augusto Guevara Sanabria, Jaime Alberto Ownership structure and financial performance of colombian firms from the perspective of controlling shareholders. |
| title | Ownership structure and financial performance of colombian firms from the perspective of controlling shareholders. |
| title_full | Ownership structure and financial performance of colombian firms from the perspective of controlling shareholders. |
| title_fullStr | Ownership structure and financial performance of colombian firms from the perspective of controlling shareholders. |
| title_full_unstemmed | Ownership structure and financial performance of colombian firms from the perspective of controlling shareholders. |
| title_short | Ownership structure and financial performance of colombian firms from the perspective of controlling shareholders. |
| title_sort | ownership structure and financial performance of colombian firms from the perspective of controlling shareholders. |
| url | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/2236 |