Acta academica karviniensia 2013, 13(2):62-72 | DOI: 10.25142/aak.2013.026

Vnitřní faktory určující finanční výkonnost firem se zvláštním zřetelem na koncentraci vlastnictví

Chandrapala Pathirawasam
University of Kelaniya, Faculty of Commerce and Management Studies, Dalugama, Kelaniya, Sri Lanka, Email:Pathi3@yahoo.com

The purpose of this paper is to examine the impact of ownership concentration and other firm specific factors on company financial performance of 102 listed companies at Colombo Stock Exchange (CSE) over a two-year period from 2008 to 2009. The data are gathered through annual reports of respective companies. Both pooled and ordinary least square (OLS) regressions are used to analyze the data. Using ROA as the dependent variable, it is revealed that ownership concentration does not have a significant positive relationship with ROA. However, firm size, quick ratio and inventory having positive impact on ROA. But the debt ratio negatively relate with financial performance. The overall explanatory power of the model is below average and further research is necessary to increase the statistical power of the model.

Klíčová slova: Colombo Stock Exchange, financial performance, ownership concentration, returns on assets
JEL classification: L25, M41

Vloženo: 8. listopad 2010; Přijato: 16. duben 2013; Zveřejněno: 30. červen 2013  Zobrazit citaci

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Pathirawasam C. Vnitřní faktory určující finanční výkonnost firem se zvláštním zřetelem na koncentraci vlastnictví. Acta academica karviniensia. 2013;13(2):62-72. doi: 10.25142/aak.2013.026.
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