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Author: | Riahi-Belkaoui, A. Pavlik, E. |
Title: | The effects of ownership structure on value added-based performance |
Journal: | Managerial Finance
1994 : VOL. 20:9, p. 16-26 |
Index terms: | VALUE ADDED ECONOMICS REPORTING |
Language: | eng |
Abstract: | Following the recognition of the separation of ownership and control in the large firm espoused by Berle and Means (1932), a debate ensued on the possible effect of such separation on the value or performance of the large firm. This paper argues that the effects of ownership structure on performance are best examined when performance expresses total return rather than being restricted to accounting return. More explicitly, the study develops and tests a model that describes the influence of ownership structure on a value added-based measure of performance. |
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