Largest blockholding and firm performance: evidence from an emerging economy

Article

Rashid, Afzalur. 2011. "Largest blockholding and firm performance: evidence from an emerging economy." International Research Journal of Finance and Economics.
Article Title

Largest blockholding and firm performance: evidence from an emerging economy

ERA Journal ID18552
Article CategoryArticle
Authors
AuthorRashid, Afzalur
Journal TitleInternational Research Journal of Finance and Economics
Number of Pages10
Year2011
Place of PublicationUnited Kingdom
ISSN1450-2887
Abstract

This study aims at examining the relationship between largest blockholding and firm economic performance in Bangladesh, an emerging economy. It is found that there is a significant positive relationship between the largest blockholding and firm performance under both the accounting and market based performance measures. This study reveals that, largest blockholding, by narrowing the gap between ownership and control, allows the blockholder to add value to the firm.

Keywordsagency theory; Bangladesh; corporate governance; emerging economy; ownership; performance
Contains Sensitive ContentDoes not contain sensitive content
ANZSRC Field of Research 2020440499. Development studies not elsewhere classified
350208. Investment and risk management
350799. Strategy, management and organisational behaviour not elsewhere classified
Public Notes

File reproduced in accordance with the copyright policy of the publisher/author.

Byline AffiliationsSchool of Accounting, Economics and Finance
Institution of OriginUniversity of Southern Queensland
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