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Institutional Ownership and Firm Performance: Empirical Evidence from U.S.-Based Publicly Traded Restaurant Firms
16 references·15 citing·29 second hop
Institutional Ownership and Firm Performance: Empirical Evidence from U.S.-Based Publicly Traded Restaurant Firms (2007)Institutional Ownership and Firm Performa…Corporate Governance and Equity Prices (2003)Corporate Governance and Equi…Ownership structure and corporate performance (2001)Ownership structure and corpo…Understanding the determinants of managerial ownership and the link between ownership and performance (1999)Understanding the determinant…Ownership structure, investment, and the corporate value: An empirical analysis (1998)Ownership structure, investme…Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Do Investment-Cash Flow Sensi…Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders (1996)Firm Performance and Mechanis…Simultaneous Determination of Insider Ownership, Debt, and Dividend Policies (1992)Simultaneous Determination of…The Effects of Board Composition and Direct Incentives on Firm Performance (1991)The Effects of Board Composit…Additional evidence on equity ownership and corporate value (1990)Additional evidence on equity…Proxy contests and the efficiency of shareholder oversight (1988)Proxy contests and the effici…Management ownership and market valuation (1988)Management ownership and mark…The Structure of Corporate Ownership: Causes and Consequences (1985)The Structure of Corporate Ow…The Structure of Ownership and the Theory of the Firm (1983)The Structure of Ownership an…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…The Modern Corporation and Private Property (1933)The Modern Corporation and Pr…The Modern Corporation and Private Property (1932)The Modern Corporation and Pr…Ownership structure and firm sustainable investments: evidence from emerging markets (2023)Ownership structure and firm …EPU and financial performance in the hospitality and tourism industry: Moderating effect of CSR, institutional ownership and cash holding (2023)EPU and financial performance…COVID-19 and firm value drivers in the tourism industry (2022)COVID-19 and firm value drive…Corporate Governance in the Hospitality and Tourism Industry: Theoretical Foundations and Future Research (2021)Corporate Governance in the H…The asset-light strategies and the dividend puzzle: International evidence from the hospitality industry (2020)The asset-light strategies an…The influence of CEOs’ equity-based compensation on restaurant firms’ CSR initiatives (2019)The influence of CEOs’ equity…Family Ownership, Asset Levels, and Firm Performance in Western European Hospitality Companies (2019)Family Ownership, Asset Level…Supply chain finance risk management (2018)Supply chain finance risk man…Does Hotel Ownership Structure Influence Capital Expenditures? (2018)Does Hotel Ownership Structur…The Effects of Insider Ownership and Board Composition on Firm Performance in the Restaurant Industry (2017)The Effects of Insider Owners…Ownership Structure and Firm Financial Performance: Evidence from Panel Data in Sri Lanka (2012)Ownership Structure and Firm …Optimizing Room Capacity and Profitability for Hong Kong Hotels (2012)Optimizing Room Capacity and …Do institutional investors favor firms with greater brand equity? (2010)Do institutional investors fa…Linking Marketing Efforts To Financial Outcome: an Exploratory Study in Tourism and Hospitality Contexts (2009)Linking Marketing Efforts To …Impacts of timeshare operation on publicly traded U.S. hotels’ firm value, risk and accounting performance (2008)Impacts of timeshare operatio…Agency Problems and the Theory of the Firm (1980)Separation of Ownership and Control (1983)A Survey of Corporate Governance (1997)Law and Finance (1998)Corporate Ownership Around the World (1999)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Higher market valuation of companies with a small board of directors (1996)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)Agency Problems and Residual Claims (1983)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Managing with Style: The Effect of Managers on Firm Policies (2003)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)The Nature of the Firm (1937)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Pricing of Options and Corporate Liabilities (1973)Specification Tests in Econometrics (1978)How do family ownership, control and management affect firm value? (2005)Boards: Does one size fit all☆ (2007)The Determinants of Capital Structure Choice (1988)Corporate Governance, Board Diversity, and Firm Value (2003)Endogeneity and the dynamics of internal corporate governance (2012)Risk, Return, and Equilibrium: Empirical Tests (1973)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)How does financial reporting quality relate to investment efficiency? (2009)The Impact of Corporate Sustainability on Organizational Processes and Performance (2014)Gender Diversity in the Boardroom and Firm Financial Performance (2007)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1933The Modern Corporation and Private Property7,361 cited
  • 1988Management ownership and market valuation6,910 cited
  • 1997Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?6,790 cited
  • 1985The Structure of Corporate Ownership: Causes and Consequences6,243 cited
  • 2003Corporate Governance and Equity Prices6,115 cited
  • 1990Additional evidence on equity ownership and corporate value4,311 cited
  • 1996Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders2,809 cited
  • 1999Understanding the determinants of managerial ownership and the link between ownership and performance2,502 cited
  • 2001Ownership structure and corporate performance2,379 cited
  • 1983The Structure of Ownership and the Theory of the Firm2,352 cited
  • 1991The Effects of Board Composition and Direct Incentives on Firm Performance2,312 cited
  • 1932The Modern Corporation and Private Property1,332 cited
  • 1992Simultaneous Determination of Insider Ownership, Debt, and Dividend Policies1,064 cited
  • 1998Ownership structure, investment, and the corporate value: An empirical analysis

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1,059 cited
  • 1988Proxy contests and the efficiency of shareholder oversight1,052 cited
  • Cited by

    • 2023EPU and financial performance in the hospitality and tourism industry: Moderating effect of CSR, institutional ownership and cash holding54 cited
    • 2022COVID-19 and firm value drivers in the tourism industry43 cited
    • 2021Corporate Governance in the Hospitality and Tourism Industry: Theoretical Foundations and Future Research39 cited
    • 2019The influence of CEOs’ equity-based compensation on restaurant firms’ CSR initiatives35 cited
    • 2009Linking Marketing Efforts To Financial Outcome: an Exploratory Study in Tourism and Hospitality Contexts34 cited
    • 2012Ownership Structure and Firm Financial Performance: Evidence from Panel Data in Sri Lanka33 cited
    • 2019Family Ownership, Asset Levels, and Firm Performance in Western European Hospitality Companies27 cited
    • 2023Ownership structure and firm sustainable investments: evidence from emerging markets26 cited
    • 2010Do institutional investors favor firms with greater brand equity?24 cited
    • 2017The Effects of Insider Ownership and Board Composition on Firm Performance in the Restaurant Industry23 cited
    • 2020The asset-light strategies and the dividend puzzle: International evidence from the hospitality industry20 cited
    • 2018Does Hotel Ownership Structure Influence Capital Expenditures?19 cited
    • 2018Supply chain finance risk management18 cited
    • 2008Impacts of timeshare operation on publicly traded U.S. hotels’ firm value, risk and accounting performance17 cited
    • 2012Optimizing Room Capacity and Profitability for Hong Kong Hotels13 cited