Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/11096
Title: Co-deterministic Relationship between Concentration of Ownership and Corporate Value: Evidence from an Emerging Economy
Contributor(s): Farooque, Omar  (author)orcid ; van Zijl, T (author); Dunstan, K (author); Waresul, AKM (author)
Publication Date: 2008
Handle Link: https://hdl.handle.net/1959.11/11096
Abstract: This paper documents a co-deterministic relationship between ownership concentration and corporate performance in an emerging economy - Bangladesh. Building on extant literature, we use a simultaneous equations approach to model a bi-directional relationship between ownership concentration and corporate value. This offers new evidence on the ownership - value relationship and, in particular, with reference to corporate governance structures in South Asia. Based on our evidence, we argue for a robust governance structures in emerging market economies that fit the socio-economic environment of the country concerned rather than simply importing models of governance. This structure can incorporate the internal and external disciplinary monitoring mechanisms necessary to combat conflicting managerial incentives and other market anomalies and strengthen overall governance in emerging economies.
Publication Type: Conference Publication
Conference Name: EAA 2008: 31st Annual Congress of the European Accounting Association, Rotterdam, The Netherlands, 23rd - 25th April, 2008
Conference Details: EAA 2008: 31st Annual Congress of the European Accounting Association, Rotterdam, The Netherlands, 23rd - 25th April, 2008
Source of Publication: Presented at the European Accounting Association 31st Annual Congress
Field of Research (FOR): 150103 Financial Accounting
Socio-Economic Outcome Codes: 900102 Investment Services (excl. Superannuation)
HERDC Category Description: E2 Non-Refereed Scholarly Conference Publication
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