Please use this identifier to cite or link to this item: http://dspace.aiub.edu:8080/jspui/handle/123456789/2232
Title: Impact Of Foreign Ownership On Firm Performance: Evidence From Listed Banks and Nbfis of Bangladesh
Authors: Uddin, Md Kutub
Alam, Quazi Nur
Alam, Janifar
kalam, Abu
Keywords: firm performance; foreign ownership; Tobin's Q; size; liquidity; leverage; Bangladesh
Issue Date: Feb-2024
Publisher: Inderscience Publishers (IEL)
Citation: Uddin, M. K., Alam, Q. N., Alam, J., & Kalam, A. (2023). Impact of foreign ownership on firm performance: evidence from listed banks and NBFIs of Bangladesh. International Journal of Critical Accounting, 13(3), 263-280.
Abstract: This study investigates the impact of foreign ownership structure and firm-specific factors on firm performance using data from 53 banks and NBFIs listed in DSE, Bangladesh. With the help of linear regression analysis, the relationship that has developed between firm performance (measured by Tobin's Q) and independent variables, firm-specific factors and foreign ownership are examined. From the analysis, it is found that foreign ownership has a positive impact on listed banks and NBFIs of Bangladesh. However, minor or major foreign ownership only significantly affects the firm performance. Total assets are positive, and the number of employees (a proxy for firm size) is negatively related to firm performance. The relationship of leverage level with firm performance is negative. A higher level of leverage in capital structure increases the firm's financial risks. Liquidity has a negative relationship with the firm performance of listed banks and NBFIs of Bangladesh.
URI: http://dspace.aiub.edu:8080/jspui/handle/123456789/2232
ISSN: 1757-9856
Appears in Collections:Publications From FBA : Journal Article

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