Danielle Khalife
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Ownership concentration, ownership identity, and bank performance
Nehme Azoury , Andre Azouri , Elie Bouri , Danielle Khalife doi: http://dx.doi.org/10.21511/bbs.13(1).2018.06Banks and Bank Systems Volume 13, 2018 Issue #1 pp. 60-71
Views: 1723 Downloads: 437 TO CITE АНОТАЦІЯThis 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.