haku: @indexterm Share ownership / yhteensä: 259
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Tekijä:Mangena, M.
Tauringana, V.
Otsikko:Disclosure, corporate governance and foreign share ownership on the Zimbabwe Stock Exchange
Lehti:Journal of international financial management & accounting
2007 : SUMMER, VOL. 18:2, p. 53-85
Asiasana:stock exchanges
stock markets
share ownership
corporate governance
finance
disclosure
Africa
Kieli:eng
Tiivistelmä: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.
SCIMA tietueen numero: 264110
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