Ownership structure in Brazil: Empirical evidence on the degree of ownership concentration
DOI:
https://doi.org/10.19094/contextus.2023.88620Keywords:
ownership structure, ownership concentration, parametric analysis of variance, statistical differences, unstable marketsAbstract
This study investigates if there are profit differences, market value, structure of capital, risk and size of assets in relation to the degree of ownership concentration of non-financial Brazilian companies trading in Bovespa from 1997 to 2001. For methodological purpose, the degree of ownership concentration was divided into three categories - disperse, dominant and majoritary - and the differences of the investigated variables were analyzed within those categories, through the statistical methods of Parametric Analysis of Variance and Non-parametric Analysis of Variance. One may conclude that there is more ownership concentration in unstable markets because of the dependence relationship between performance and ownership concentration.
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