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The influence of government ownership on firms performance: a quantitative study on Jordan listed firms

Lately, most Arab region countries have cultivated the new economic reformation which often linked with economic growth and its ability to enhance financial deepening. This study investigates the government ownership and its association with firm performance. The study used 103 public listed samples...

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Main Author: Sivasubramaniam, Ayavoo
Format: Thesis
Language:English
English
English
Published: 2018
Subjects:
HB Economic Theory
HG Finance
Online Access:https://etd.uum.edu.my/8904/1/s818127_01.pdf
https://etd.uum.edu.my/8904/2/s818127_02.pdf
https://etd.uum.edu.my/8904/3/s818127_references.docx
https://etd.uum.edu.my/8904/
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spelling my.uum.etd.89042021-12-14T06:56:11Z https://etd.uum.edu.my/8904/ The influence of government ownership on firms performance: a quantitative study on Jordan listed firms Sivasubramaniam, Ayavoo HB Economic Theory HG Finance Lately, most Arab region countries have cultivated the new economic reformation which often linked with economic growth and its ability to enhance financial deepening. This study investigates the government ownership and its association with firm performance. The study used 103 public listed samples on Amman Stock Exchange from 2011-2015. The data measures the relationship of three levels of government ownership with a median point of 28% as well as full government ownership and six financial ratios as control variables to firm performance (ROA, ROE and EPS). Based on the multiple linear regression method with the use of SPSS package, four sets of different regression analysis have been conducted and found statistically mixed results when takes into consideration the year effect and level of government ownership. An insignificant relationship was found between government ownership concentration (breaking up the level of government ownership) and firm performance (ROA, ROE and EPS) when year effect was taken into consideration. However, when year effect was ignored, significant results found for EPS only and conclude low government ownership negatively related with firm performance. When full government ownership was used without breaking up the level of government ownership, the statistical result is positively linked with firm performance. The ROE is positively related at 5% significant level when its RSquare is 16.9%. A Similar finding was found when the year effect was ignored. It also found that control variables like long term debt to total assets and age are consistently significant at 1% with all three dependent variables. Meaning, the longer the firm has been established the better the financial performance of the firm. On the other hand, higher level government ownership may help to boost the firm performance through the government interference (Wasta). 2018 Thesis NonPeerReviewed text en https://etd.uum.edu.my/8904/1/s818127_01.pdf text en https://etd.uum.edu.my/8904/2/s818127_02.pdf text en https://etd.uum.edu.my/8904/3/s818127_references.docx Sivasubramaniam, Ayavoo (2018) The influence of government ownership on firms performance: a quantitative study on Jordan listed firms. Masters thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
English
topic HB Economic Theory
HG Finance
spellingShingle HB Economic Theory
HG Finance
Sivasubramaniam, Ayavoo
The influence of government ownership on firms performance: a quantitative study on Jordan listed firms
description Lately, most Arab region countries have cultivated the new economic reformation which often linked with economic growth and its ability to enhance financial deepening. This study investigates the government ownership and its association with firm performance. The study used 103 public listed samples on Amman Stock Exchange from 2011-2015. The data measures the relationship of three levels of government ownership with a median point of 28% as well as full government ownership and six financial ratios as control variables to firm performance (ROA, ROE and EPS). Based on the multiple linear regression method with the use of SPSS package, four sets of different regression analysis have been conducted and found statistically mixed results when takes into consideration the year effect and level of government ownership. An insignificant relationship was found between government ownership concentration (breaking up the level of government ownership) and firm performance (ROA, ROE and EPS) when year effect was taken into consideration. However, when year effect was ignored, significant results found for EPS only and conclude low government ownership negatively related with firm performance. When full government ownership was used without breaking up the level of government ownership, the statistical result is positively linked with firm performance. The ROE is positively related at 5% significant level when its RSquare is 16.9%. A Similar finding was found when the year effect was ignored. It also found that control variables like long term debt to total assets and age are consistently significant at 1% with all three dependent variables. Meaning, the longer the firm has been established the better the financial performance of the firm. On the other hand, higher level government ownership may help to boost the firm performance through the government interference (Wasta).
format Thesis
author Sivasubramaniam, Ayavoo
author_facet Sivasubramaniam, Ayavoo
author_sort Sivasubramaniam, Ayavoo
title The influence of government ownership on firms performance: a quantitative study on Jordan listed firms
title_short The influence of government ownership on firms performance: a quantitative study on Jordan listed firms
title_full The influence of government ownership on firms performance: a quantitative study on Jordan listed firms
title_fullStr The influence of government ownership on firms performance: a quantitative study on Jordan listed firms
title_full_unstemmed The influence of government ownership on firms performance: a quantitative study on Jordan listed firms
title_sort influence of government ownership on firms performance: a quantitative study on jordan listed firms
publishDate 2018
url https://etd.uum.edu.my/8904/1/s818127_01.pdf
https://etd.uum.edu.my/8904/2/s818127_02.pdf
https://etd.uum.edu.my/8904/3/s818127_references.docx
https://etd.uum.edu.my/8904/
_version_ 1720439183784280064
score 13.211869

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