Effect of Ownership Structure on Firm Stock Return Performance: Evidence from the Egyptian Stock Market

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dc.contributor.author A. El-Masry, A.
dc.contributor.author El-Ghouty, A.
dc.date.accessioned 2020-02-15T09:52:59Z
dc.date.available 2020-02-15T09:52:59Z
dc.date.issued 2017
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dc.identifier.issn 1450-2887
dc.identifier.uri https://t.ly/p7gq7
dc.identifier.uri
dc.description MSA Google Scholar en_US
dc.description.abstract We investigate the impact of institutional ownership and ownership concentration on firm stock return performance using panel data model. Our main ownership measures include; percentage of institutional ownership held by different institutions in a firm and percentage of a firm’s outstanding stocks held by the largest three block holders. We find that there is no significant relationship between either institutional ownership or ownership concentration and both ex post and ex ante return. Also, we find that there is negative and significant relationship between institutional ownership represented by some institutions and ex post risk, while the relationship is negative and significant only between institutional ownership by employee associations and ex ante risk. Ownership concentration has no effect on ex post risk but it has a positive and significant effect on ex ante risk. The results are consistent with some past studies from the literature. en_US
dc.description.sponsorship EuroJournals en_US
dc.description.uri https://www.scimagojr.com/journalsearch.php?q=17700156323&tip=sid&clean=0
dc.language.iso en en_US
dc.publisher EuroJournals en_US
dc.relation.ispartofseries International Research Journal of Finance and Economics;Issue 160
dc.subject October University for University of Ownership, stock return, performance en_US
dc.title Effect of Ownership Structure on Firm Stock Return Performance: Evidence from the Egyptian Stock Market en_US
dc.type Article en_US
dc.Affiliation October University for modern sciences and Arts (MSA)


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