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| Author: | Mangena, M. Tauringana, V. |
| Title: | Disclosure, corporate governance and foreign share ownership on the Zimbabwe Stock Exchange |
| Journal: | Journal of international financial management & accounting
2007 : SUMMER, VOL. 18:2, p. 53-85 |
| Index terms: | stock exchanges stock markets share ownership corporate governance finance disclosure Africa |
| Language: | eng |
| Abstract: | This study investigates the association of foreign share ownership (here as: f-s-o-ship.) with firm-level disclosure (as: disc.) and corporate governance (as: c-gov.) structures in Zimbabwe, in Southern Africa. Based on data of companies listed on the Zimbabwe Stock Exchange, examined are the effect of disc. and c-gov. on f-s-o-ship. It is found that disc., proportion of non-executive directors, institutional share ownership and audit committee independence all are positively and significantly associated with f-s-o-ship. The results also demonstrate that market capitalization, return on equity and liquidity ratios are significantly associated with f-s-o-ship. |
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