Institutional ownership: and its implication on firm performance.
Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
This study investigates the relationship between firm performance and institutionalownership in Sweden. This study contributes to the ongoing debate between researchersregarding the potential benefit of institutional owners through increased monitoringcapabilities. A panel data analysis and a fixed effects model estimated with generalized leastsquares is utilized to investigate the relationship between performance and ownership structure,controlling for firm size, foreign ownership, leverage and return on equity. While having astrong theoretical foundation no correlation is found between institutional ownership and firmperformance. This is true even when institutional owners are further divided into pressureresistantand pressure-sensitive owners. This study indicates that institutional ownership has noimpact on firm performance. These findings are consistent with similar studies performed inother Nordic countries.
Place, publisher, year, edition, pages
2016. , 34 p.
Institutional Ownership, Pressure-resistant, Pressure-sensitive, Firm Performance, Monitoring, Control, Management, Corporate governance, Panel data, Fixed effects, Sweden, Nordic, Finance, Financial Management
IdentifiersURN: urn:nbn:se:uu:diva-301111OAI: oai:DiVA.org:uu-301111DiVA: diva2:953633
Subject / course
Master Programme in Business and Management
Landström, Joachim, PhD