Please use this identifier to cite or link to this item: https://ptsldigital.ukm.my/jspui/handle/123456789/629942
Full metadata record
DC FieldValueLanguage
dc.contributor.authorWiwattanakantang, Yupana-
dc.date.accessioned2023-11-20T03:34:42Z-
dc.date.available2023-11-20T03:34:42Z-
dc.identifier.urihttps://ptsldigital.ukm.my/jspui/handle/123456789/629942-
dc.description.abstractThis paper examines the ownership structure of Thai firms. The data sample contains 270 firms listed in the Stock Exchange of Thailand in 1996 The ownership structure is concentrated. In 82 96 percent of the firms in the sample, the largest shareholders are also controlling shareholders. Controlling shareholders are defined as those who hold more than 25 percent of a firm' s stakes. The controlling shareholders are mainly families. Foreign investors form the second largest group of controlling shareholders most of the controlling shareholders use a simple ownership pattern to control the firms. Only in 19.55 percent of the firms, the controlling shareholders employ pyramid structures, and cross-ownership structures to control the firms. The controlling shareholders do not just control the votes. In approximately 75 percent of the firms in the sample, the controlling shareholders are involved in the firms' management as officers and directors. Finally we investigate empirically factors that lead to the existing ownership structure. The regression results show that ownership concentration is positively related to measures of growth, size, and PIE ratios.en_US
dc.language.isoenen_US
dc.publisherNanyang Business School, Nanyang Technological Universityen_US
dc.subjectStock Exchange of Thailanden_US
dc.subjectShareholdersen_US
dc.titleThe equity ownership structure of Thai firmsen_US
dc.typeSeminar Papersen_US
dc.format.pages102en_US
dc.identifier.callnoHG4026.A536 1999 semen_US
dc.contributor.conferencenameEleventh Annual PACAP/FMA Finance Conference-
dc.coverage.conferencelocationPan Pacific Hotel, Singapore-
dc.date.conferencedate1999-07-08-
Appears in Collections:Seminar Papers/ Proceedings / Kertas Kerja Seminar/ Prosiding

Files in This Item:
There are no files associated with this item.


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.