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http://dx.doi.org/10.5762/KAIS.2012.13.7.2930

The Effects of Corporate Owner Structure on Stock Returns  

Lee, Hae-Young (College of Business Administration, Kangnam University)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.13, no.7, 2012 , pp. 2930-2936 More about this Journal
Abstract
This paper examines the effects of corporate ownership structure variables on stock returns. The dependent variables identified in this paper include the equity ratio of large shareholders, institutional investors and foreign investors, and the control variables are firm size, book-to-market ratio, and earning-to-price ratio and leverage. This paper finds that the results of regressions say that institutional investors and foreign investors, firm size, book-to-market ratio and earning-to-price ratio can explain the differences in stock returns using panel data.
Keywords
Equity ratio of large shareholders; Institutional investors; Foreign investors; Pannel data analysis; Book-to-market ratio; Earning-to-price ratio;
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