Firm performance and ownership structure: Dynamic network data envelopment analysis approach

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Title:	Firm performance and ownership structure: Dynamic network data envelopment analysis approach
Authors:	Kuo, KC (Kuo, Kuo-Cheng) Lu, WM (Lu, Wen-Min) Dinh, TN (Thanh Nhan Dinh)
Contributors:	全球商務學位學程
Keywords:	FINANCIAL PERFORMANCE INVESTMENT DECISIONS MANAGERIAL OWNERSHIP FOREIGN OWNERSHIP CAPITAL STRUCTURE EQUITY OWNERSHIP DIVIDEND POLICY DEA EFFICIENCY MANAGEMENT
Date:	2020-06
Issue Date:	2020-01-20 13:32:04 (UTC+8)
Abstract:	This paper applies dynamic network slacks-based data envelopment analysis to measure financial performance based on the interrelationship among investment, financing, and dividend decisions. The empirical results show that financial performance is determined simultaneously by the efficiency of decisions, and sample firms have good performance in investment stage, but need to improve their financing and dividend policies. The proposal financial performance measure explains the multicriteria of decision-making rather than the single financial ratios. Besides, the research contributes a novel on the significant relationship between firm's ownership structure in the form of managers, government and foreign shareholders, and the firm's financial performance.
Relation:	MANAGERIAL AND DECISION ECONOMICS 卷冊: 41 期: 4 頁數: 608-623
Appears in Collections:	[English Program of Global Business] periodical articles

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