EXAMINING THE EFFECT OF OWNERSHIP STRUCTURE ON FIRM FINANCIAL PERFORMANCE IN EGYPT
El Din Samir Mohamed El Nahas, K., Jones, E., Haven-Tang, C., Sakr, A., Ragab, A. (2023). EXAMINING THE EFFECT OF OWNERSHIP STRUCTURE ON FIRM FINANCIAL PERFORMANCE IN EGYPT. EKB Journal Management System, 14(4), 392-433. doi: 10.21608/jces.2023.370954
Karim El Din Samir Mohamed El Nahas; Eleri Jones; Claire Haven-Tang; Ahmed Sakr; Aiman Ragab. "EXAMINING THE EFFECT OF OWNERSHIP STRUCTURE ON FIRM FINANCIAL PERFORMANCE IN EGYPT". EKB Journal Management System, 14, 4, 2023, 392-433. doi: 10.21608/jces.2023.370954
El Din Samir Mohamed El Nahas, K., Jones, E., Haven-Tang, C., Sakr, A., Ragab, A. (2023). 'EXAMINING THE EFFECT OF OWNERSHIP STRUCTURE ON FIRM FINANCIAL PERFORMANCE IN EGYPT', EKB Journal Management System, 14(4), pp. 392-433. doi: 10.21608/jces.2023.370954
El Din Samir Mohamed El Nahas, K., Jones, E., Haven-Tang, C., Sakr, A., Ragab, A. EXAMINING THE EFFECT OF OWNERSHIP STRUCTURE ON FIRM FINANCIAL PERFORMANCE IN EGYPT. EKB Journal Management System, 2023; 14(4): 392-433. doi: 10.21608/jces.2023.370954

EXAMINING THE EFFECT OF OWNERSHIP STRUCTURE ON FIRM FINANCIAL PERFORMANCE IN EGYPT

المجلة العلمية للدراسات التجارية والبيئية
Article 12, Volume 14, Issue 4, October 2023, Page 392-433  XML PDF (659.48 K)
Document Type: المقالة الأصلية
DOI: 10.21608/jces.2023.370954
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Authors
Karim El Din Samir Mohamed El Nahas* ; Eleri Jones* ; Claire Haven-Tang* ; Ahmed Sakr* ; Aiman Ragab*
Abstract
The study intends to ascertain the relationship between ownership structure and financial performance. As a result, research hypotheses were created and statistically tested using the deductive technique. Using the exchange's official websites, we searched for the fifty most active companies listed on the EGX between 2004 and 2019. The findings indicate the following; the first hypothesis that financial performance that managerial ownership and financial success are associated was disproved by the results. Contrary to the second supposition, institutional ownership has a strong positive correlation with financial success. The fourth hypothesis, which contends that free float ownership is related to financial performance, also yielded results that were comparable. The third theory, which proposed a connection between block holder ownership and financial success, cannot be confirmed because of a multicollinearity problem.
Keywords
Business Ownership Structure; Managerial Ownership; Institutional Ownership; Free Float Ownership; Return on Assets; Return on Equity; Tobin Q
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