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:	eng eng eng
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
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id	my-uum-etd.8904
record_format	uketd_dc
spelling	my-uum-etd.89042021-12-14T06:56:11Z The influence of government ownership on firms performance: a quantitative study on Jordan listed firms 2018 Sivasubramaniam, Ayavoo Kesayan, Puspakaran Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business 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 https://etd.uum.edu.my/8904/ https://etd.uum.edu.my/8904/1/s818127_01.pdf text eng public https://etd.uum.edu.my/8904/2/s818127_02.pdf text eng public https://etd.uum.edu.my/8904/3/s818127_references.docx text eng public other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Kesayan, Puspakaran
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
qualification_name	other
qualification_level	Master's degree
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
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
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
_version_	1747828486487146496

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

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