The influence of ownership on performance: An empirical study
基于代理理论，使用改进的风险调整绩效指标和更大样本，检验所有权结构与企业财务绩效的关系，发现控制规模后所有权仍显著影响绩效。
Abstract This research examines the relationship between ownership structure and financial performance in the context of the agency theory. It improves upon previous research by presenting an improved risk‐adjusted performance measure, by using a larger sample size than prior work and also by controlling for firm size differences. The results suggest that ownership is significantly related to firm financial performance even after controlling for size.