Ownership concentration, ownership identity, and bank performance

Banks and Bank Systems

卷:13

Elie Bouri¹  Danielle Khalife²  Andre Azouri³  Nehme Azoury⁴ 

[1] Assistant Professor, Holy Spirit University of Kaslik;

[2] Associate Professor, Holy Spirit University of Kaslik;

[3] Associate Professor, Lebanese University, Beirut;

[4] Ph.D., Deputy President for Research, Central Administration, Holy Spirit University of Kaslik;

关键词: bank profitability;    corporate governance;    Lebanon;    ownership concentration;    ownership structure;   

DOI  :  10.21511/bbs.13(1).2018.06

来源: DOAJ

【 摘 要 】

This paper examines whether ownership concentration and certain type of ownership can affect the financial performance of Lebanese banks. It uses longitudinal data from the largest 35 Lebanese banks over the period 2009–2014 and employs the panel regression model. The empirical results show that ownership concentration and certain type of shareholders play an important role in the area of corporate governance in Lebanese banks. In particular, bank financial performance is positively associated with ownership concentration, managerial ownership, and foreign and institutional ownerships; however, family ownership is not related to bank performance. Also, this paper shows that both ownership concentration and managerial ownership have a U-shaped relationship with bank performance. Several robustness tests largely confirm the findings, with important implications for policy-makers. The findings are crucial to policy-makers and bankers who are interested in tailoring good corporate governance principles for the Lebanese banking sector.

【 授权许可】

Unknown