The Dominant perspective, instituitional ownership, and corporate efficiency: An empirical investigation
International Journal of Commerce and Management
ISSN: 1056-9219
Article publication date: 30 November 2005
Abstract
This study is an attempt to verify the mostly anecdotal or case‐based assertions regarding the imperviousness of Japanese management to the threats of large institutional stockholders. Using data drawn from 118 corporations in five industry sectors, and applying an econometric technique, we propose to verify the differences, if any, in the relationship of a set of eight firmlevel strategic attributes and corporate efficiency across two distinct institutional ownership settings: high versus low. The test results reveal a structural homogeneity across both settings, suggesting that Japanese managers are independent of pressures from institutional owners across high and low levels of ownership. The study’s academic and managerial implications are also given.
Keywords
Citation
Chowdhury, S.D. (2005), "The Dominant perspective, instituitional ownership, and corporate efficiency: An empirical investigation", International Journal of Commerce and Management, Vol. 15 No. 3/4, pp. 255-271. https://doi.org/10.1108/10569210580000201
Publisher
:Emerald Group Publishing Limited
Copyright © 2005, Emerald Group Publishing Limited