OWNERSHIP CONCENTRATION AND EFFECTS OVER FIRM PERFORMANCE: EVIDENCES FROM ITALY

Authors

  • Genc Alimehmeti Department of Management, University of Tirana
  • Angelo Paletta Department of Management, University of Bologna

DOI:

https://doi.org/10.19044/esj.2012.v8n22p%25p

Abstract

This paper investigates the ownership concentration as a governance mechanism, and its implications over firm value. We conduct an empirical analysis over all Italian listed firm in a four-years period (2006-2009). The results show a positive relationship between ownership concentration and firm value except in 2008, when the results show a non-linear relationship, suggesting that the financial crisis has enhanced the expropriation effects.

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Published

2012-10-30

How to Cite

Alimehmeti, G., & Paletta, A. (2012). OWNERSHIP CONCENTRATION AND EFFECTS OVER FIRM PERFORMANCE: EVIDENCES FROM ITALY. European Scientific Journal, ESJ, 8(22). https://doi.org/10.19044/esj.2012.v8n22p%p

Issue

Vol. 8 No. 22 (2012): ESJ October Edition

Section

Articles

License

This work is licensed under a Creative Commons Attribution 4.0 International License.