2023年全國碩士研究生考試考研英語一試題真題(含答案詳解+作文范文)_第1頁
已閱讀1頁,還剩14頁未讀 繼續(xù)免費(fèi)閱讀

下載本文檔

版權(quán)說明:本文檔由用戶提供并上傳,收益歸屬內(nèi)容提供方,若內(nèi)容存在侵權(quán),請(qǐng)進(jìn)行舉報(bào)或認(rèn)領(lǐng)

文檔簡介

1、1外文題目:OwnershipStructureCpatePerfmanceFailure:EvidenceFromPanelDataofEmergingMarketTheCaseofJdan出處:CpateOwnership&Control作者:RamiZeitun原文:2.OwnershipStructureFirmPerfmance:aDeiveDiscussion2.1OwnershipStructure(Mix)FirmPer

2、fmanceSincetheestablishmentoftheASEinthe1970s,thenumberoflistedcompanies,tradingvolume,totalmarketcapitalisationhaveincreaseddrasticallyTable1reptstheownershipstructureoflistedcompaniesbysectsDespiteitsprivatisationprogr

3、am,thegovernmentstillholdsalargestakeinMedia,UtilityEnergy,Steel,MiningHeavyEngineeringcompanies(43.20%,33.70%,22.04%,respectively)becausetheyareconsideredstrategicindustriesInstitutionalownershipisveryhighintransptation

4、,realestate,tradecommercialservicesrental,communication(44.80%,44.00%,36.89%,respectively)IndividualcitizensasagrouparethelargestshareholderofEducationalServices,MedicalPharmacies,TextilesClothing,ConstructionEngineering

5、ThelargestfeignownershipstakesareinSteel,MiningHeavyEngineering,followedbyTobacco(16.05%13.41%,respectively),feignownershipisalsohighintheInsurancesectTable2presentsthebasicstatisticsoftheownershipstructurefdefaultednond

6、efaultedfirmsTheindividual(citizen)ownsanaverageof51.42percentofdefaultedfirms,afigurewhichislargerthan45.36percentinnondefaultedfirmsThefractionsofgovernmentfeignerownershiphavetheirlowestmedianinthedefaultedfirms,0.581

7、.21percentrespectively,comparedwith2.374.20percentinnondefaultedfirmsfgovernmentfeignerrespectively3MedicalServices5021.3956.1912.580(33.25)(37.24)(19.59)TradeCommercialServices158.7336.8945.837.46RentalCommunication(17.

8、94)(26.03)(27.41)(10.89)EducationalServices31.369.481.35.09(1.77)(7.32)(10.58)(3.4)Table2.OwnershipConcentrationfDefaultedNonDefaultedFirmsNonDefaultedFirms(120)DefaultedFirms(47)MeanMedStdMaxMinMeanMedStdMaxMinGovernmen

9、t13.882.3722.84100010.170.5819.1896.480Companies26.2323.4418.7284.264026.4217.7924.67990Individual(Citizen)45.3646.7325.5998.776051.4253.9427.0599.870Feign9.934.214.0499.01707.541.2114.6281.0202.2OwnershipConcentrationIt

10、wasestablishedinthattheownershipstructureintheASEishighlyconcentrated(themedianlargestshareholderinJdanislargebyAngloAmericanstardsbutwithintherangeofthoseinFranceSpain,2034percentrespectivelyTable3shedsmelightontheowner

11、shipconcentrationfJdaniancompaniesbysectsusingfivemeasuresofownershipconcentrationacrossallfirmyearsThelargestshareholder(C1)ownsthehighestpercentageintheHotelTourismsectMediasect(35.32percent35.50percentrespectively)The

12、largestshareholderC1ownsthelowestpercentageintheEducationalsect(7.86percent)ThedataalsorevealsthatthereisasubstantialvariationacrossfirmssectsinownershipconcentrationGiventhattheholdingofthelargestshareholder(C1)issolarg

溫馨提示

  • 1. 本站所有資源如無特殊說明,都需要本地電腦安裝OFFICE2007和PDF閱讀器。圖紙軟件為CAD,CAXA,PROE,UG,SolidWorks等.壓縮文件請(qǐng)下載最新的WinRAR軟件解壓。
  • 2. 本站的文檔不包含任何第三方提供的附件圖紙等,如果需要附件,請(qǐng)聯(lián)系上傳者。文件的所有權(quán)益歸上傳用戶所有。
  • 3. 本站RAR壓縮包中若帶圖紙,網(wǎng)頁內(nèi)容里面會(huì)有圖紙預(yù)覽,若沒有圖紙預(yù)覽就沒有圖紙。
  • 4. 未經(jīng)權(quán)益所有人同意不得將文件中的內(nèi)容挪作商業(yè)或盈利用途。
  • 5. 眾賞文庫僅提供信息存儲(chǔ)空間,僅對(duì)用戶上傳內(nèi)容的表現(xiàn)方式做保護(hù)處理,對(duì)用戶上傳分享的文檔內(nèi)容本身不做任何修改或編輯,并不能對(duì)任何下載內(nèi)容負(fù)責(zé)。
  • 6. 下載文件中如有侵權(quán)或不適當(dāng)內(nèi)容,請(qǐng)與我們聯(lián)系,我們立即糾正。
  • 7. 本站不保證下載資源的準(zhǔn)確性、安全性和完整性, 同時(shí)也不承擔(dān)用戶因使用這些下載資源對(duì)自己和他人造成任何形式的傷害或損失。

評(píng)論

0/150

提交評(píng)論