Volume 14 Issue 1 2018


Muhammad Sadiq Shahid
Assistant Professor, Institute of Management Sciences, BZU Multan.

Razaz Houssien Felimban
PhD Scholar at Middlesex University, UK.

Khawar Naheed
Assistant Professor; Bahauddin Zakariya University, Multan, Pakistan.

Usman Aleem
PAK-KITE, Karachi, Pakistan.

Shaiza Nawaz
MPhil Scholar at School of Economics, Bahauddin Zakariya University Multan.

Abstract The objective of this study is to examine the impact of financial decisions on the ownership structure. This study adopted two themes of ownership structure (e.g., 25% & 50%) that categorized the family-owned firms (FOF) and non-family firms (NFOF). The data was collected from 286 firms listed at GCC stock exchanges annual reports, stock exchange database, and Data Stream that range from 2010-2016 periods. The findings of this study showed that the FOFs have lesser investment-internal fund sensitivity than NFOFs. Though, there is an insignificant effect of the block holder on investment funds sensitivity. However, the little implication of dividend payout in FOFs as compare to NFOFs was disclosed in the results. Moreover, it wrapped up that there are fewer agency problems and information asymmetry in FOFs comparatively.
Keywords Ownership structure, Investment sensitivity, Family-firms, financial decision, Gulf Cooperation Council (GCC)
Year 2018
Volume 14
Issue 1
Type Full Length Paper
Recognized by Higher Education Commission of Pakistan, HEC
Category "Y"
Journal Name IBT Journal of Business Studies
Publisher Name ILMA University
Jel Classification G00, G23, ,G32
DOI http://dx.doi.org/10.46745/ilma.jbs.2018.14.01.05
ISSN no (E, Electronic) 2409-6520
ISSN no (P, Print) 2416-8393
Country Pakistan
City Karachi
Institution Type University
Journal Type Open Access
Type of Review Double Blind Peer Reviewed
Format PDF
Paper Link http://ibtjbs.ilmauniversity.edu.pk/journal/jbs/14.1/5.pdf
Page 52-68
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