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Abstract:
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This study examines the effects of ownership structure on corporate
profitability of Automobile firms in Iran through the period 2005 to 2007.
The ownership structure is considered in terms of (i) controlling
ownership,(ii)managerial ownership, including managerial financial firm
ownership and managerial-non-financial firm ownership. Using accounting profitability: Return
on Assets (ROA) and Sales to Assets (S\A) as measure of profitability, the overall findings
confirm that there is a positive association between controlling ownership and firms'
profitability. The firms with controlling ownership are more profitable than those with non-
controlling ownership in Automobile firms in Iran. There is a positive relationship between
managerial ownership and firms' profitability, and firms with managerial-financial firm ownership
are more profitable than those with managerial-non-financial firm ownership. |