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Impact of the Corporate Governance on the Financial Performance of Insurance Companies in the Slovak and Czech Republics Read chapter Read first chapter

2020 | OriginalPaper | Chapter

40. Large Shareholders and Profitability of Telecommunication Firms in Eastern Europe and the Black Sea Region

Authors : Ioannis Antoniadis, Theodoros Parganas, Kontstantinos Spinthiropoulos

Published in: Advances in Cross-Section Data Methods in Applied Economic Research

Publisher: Springer International Publishing

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Abstract

This paper examines the relationship between the performance of the firm and ownership structure in the telecommunication companies of Eastern Europe and the Black Sea region. More specifically we focus on the ownership percentage the large shareholder of the company owns and its effect on profitability measures of performance (ROA and ROE) of the firms. A balanced panel is used for 14 telecommunication companies from 11 countries of the region is used for the period 2012–2015. Our results indicate the existence of a non-linear relationship between large shareholder ownership and performance, suggesting the existence of agency problems.

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Metadata
Title
Large Shareholders and Profitability of Telecommunication Firms in Eastern Europe and the Black Sea Region
Authors
Ioannis Antoniadis
Theodoros Parganas
Kontstantinos Spinthiropoulos
Copyright Year
2020
Book
Advances in Cross-Section Data Methods in Applied Economic Research

Print ISBN: 978-3-030-38252-0

Electronic ISBN: 978-3-030-38253-7

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-3-030-38253-7_40

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