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Corporate Governance, Ownership Structure and Firm Performance : Mediation Models and Dynamic Approaches.
・ISBN 978-1-032-18684-9 2022 hard GB£ 171.99
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・ISBN 978-1-032-18690-0 2023 paper GB£ 46.99
￥14,886.- (税込) ※（※）価格はご注文時の参考価格となります。
納品価格につきましては書籍の入荷時点で確定となります。
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電子版あり 大学・学術機関向け電子ブック（eBook）ISBN 978-1-003-25574-1
| 著者・編者 | Pham, Hoang N. / Islam, Sardar M. N., |
|---|---|
| シリーズ | Routledge Studies in Corporate Governance |
| 出版社 | (Routledge, UK) |
| 出版年月 | 2022.01 |
| ページ数 | 176 pp. |
| 言語 | ENG |
| ニュース番号 | ＜667-648＞ |
解説
The relationship between ownership structure and firm performance has been studied extensively in corporate finance and corporate governance literature. Nevertheless, the mediation (path) analysis to examine the issue can be adopted as a new approach to explain why and how ownership structure is related to firm performance and vice versa. This approach calls for full recognition of the roles of agency costs and corporate risk-taking as essential mediating variables in the bi-directional and mediated relationship between ownership structure and firm performance.
Based on the agency theory, corporate risk management theory and accounting for the dynamic endogeneity in the ownership-performance relationship, this book develops two-mediator mediation models, including recursive and non-recursive mediation models, to investigate the ownership structure-firm performance relationship. It is demonstrated that agency costs and corporate risk-taking are the 'missing links' in the ownership structure-firm performance relationship. Hence, this book brings into attention the mediation and dynamic approach to this issue and enhances the knowledge of the mechanisms for improving firm's financial performance.
This book will be of interest to corporate finance, management and economics researchers and policy makers. Post-graduate research students in corporate governance and corporate finance will also find this book beneficial to the application of econometrics into multi-dimensional and complex issues of the firm, including ownership structure, agency problems, corporate risk management and financial performance.