Record Details

Asset utilization efficiency and ownership structure: Evidence from emerging and developing Eastern Europe

Journal of Eastern European and Central Asian Research

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Field Value
 
Title Asset utilization efficiency and ownership structure: Evidence from emerging and developing Eastern Europe
 
Creator Aydın, Nurhan; Anadolu University
Kulali, Gulsah; Anadolu University
 
Subject corporate finance; international business finance; Eastern Europe
Asset Utilization Efficiency; Agency Costs; Ownership Structure; Emerging and Developing Eastern European Companies
G32 G34 F02
 
Description Does ownership structure have any effect on efficient use of company assets? If so, what are the ownership-related determinants of asset utilization efficiency? In this study we are seeking answers to these questions for firms operating in emerging and developing Eastern Europe. Our results support the view that ownership structure has a determinant role in efficient use of company assets. Main findings from our sample are as follows. Assets are used more efficiently in owner-managed firms than outsider-managed firms both for large-sized companies and medium-sized companies. For large-sized companies, efficiency increases with the ownership share of executives and the controlling family ownership, while decreasing with the number of non-manager shareholders and the ownership share of non-manager block holders. For medium-sized companies, efficiency increases with the controlling family ownership.
 
Publisher Institute of Eastern Europe and Central Asia
 
Contributor 7th International Research Meeting in Business and Management (IRMBAM-2016), Nice, France
 
Date 2018-04-28
 
Type info:eu-repo/semantics/article
Peer-reviewed Articles
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
 
Identifier http://ieeca.org/journal/index.php/JEECAR/article/view/186
10.15549/jeecar.v5i1.186
 
Source Journal of Eastern European and Central Asian Research (JEECAR); Vol 5, No 1 (2018): Journal of Eastern European and Central Asian Research; 18
 
Language eng
 
Relation http://ieeca.org/journal/index.php/JEECAR/article/view/186/pdf
 
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