Ownership concentration and investment performance of Austrian listed companies

We apply panel estimation techniques to full population of Austrian corporations from 2007-2020 in order to analyze the impact of ownership concentration on performance. Return on investment (ROI) is lower than cost of capital, which insinuates that managers invest beyond optimal investment level i...

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Bibliographic Details
Main Authors: Nouman Afgan, Muhammad Zubair Mumtaz, Robert M. Kunst
Format: Article
Language:English
Published: Associazione Economia civile 2025-01-01
Series:PSL Quarterly Review
Subjects:
Online Access:https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/18179
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