Nonlinearity Between Ownership Concentration and Firm Value

Autor: Salwana Hassan, Norhana Salamuddin, Norzitah Abdul Karim, Hamizah Hassan
Rok vydání: 2016
Předmět:
Zdroj: Proceedings of the 1st AAGBS International Conference on Business Management 2014 (AiCoBM 2014) ISBN: 9789812874252
DOI: 10.1007/978-981-287-426-9_46
Popis: The main objective of this study is to examine the nonlinear relationship between ownership concentration and firm value. The issue of dynamic endogeneity between the two variables is investigated in this study. Empirically, there is no evidence of nonlinearity between ownership concentration and firm value. The result also suggests that dynamic endogeneity is not serious in influencing the relationship between ownership concentration and value of Malaysian firms.
Databáze: OpenAIRE