This study examines the relationship between ownership structures and the performance of listed Thai financial firms, using a sample of 39 companies which is accounted for 86% of the market capitalisation of all financial firms listed on the Stock Exchange of Thailand (SET) in 1996. The study employs both univariate and multivariate regression analysis. The empirical results reveal that the presence of controlling shareholders is associated with higher performance, particularly when measured, for example, by return on equity (ROE). This evidence is consistent with the view that large shareholders mitigate the “free-rider” problem of monitoring a management team, and reduce agency costs, as contended by Shleifer and Vishny (1986) and Admati et al. (1994). In addition, the separation of voting and cash-flow rights through the use of pyramid and cross-shareholding is not detrimental to the value of a firm. The study does not find evidence to support the argument that a family's involvement in management has a negative effect on company performance. Rather, there is strong evidence to support the hypotheses that state-owned financial institutions display superior performance. Finally, the study does not find evidence to support the argument that there is a non-monotonic relationship between ownership concentration and company value. Nevertheless, there is strong evidence that, at higher levels of ownership (in this case 50-75%), the involvement in management by controlling shareholders has a positive effect on firm performance, in terms of accounting, ROE, and market measures, price-to-book ratio. The results add to the literature that evaluates an empirical the link between ownership structure and firm performance, and provide additional information to policy-makers engaged in the ongoing development of corporate governance in developing countries, particularly in Thailand. / Thesis (DBA(DoctorateofBusinessAdministration))--University of South Australia, 2005.

Thesis (DoctorateofBusinessAdministration))--University of South Australia, 2005.

Thesis (MProjectManagement)--University of South Australia, 2004.

This portfolio is about capital structuring in small and medium businesses in Taiwan. Every firm owns assets that currently generate earnings, to keep investing in the future, and to grow and prosper. To finance these assets, firms can raise money from two sources. First, the debt, they can borrow the money from a bank or lenders. Alternatively, the equity, they can use the funds of the owners. The financing principle posits that the mix of debt and equity chosen to finance investments should maximize the value of the investments made. Therefore, choosing a suitable mix of debt and equity allows the firm to take more new investments and increase the value of existing investment. / Professional Doctorate

Thesis (M.A. 1978) from the Department of Politics, University of Adelaide.

Thesis (Ph.D.)--State University of New York at Buffalo, 2002. / Includes bibliographical references (leaves 125-141).

Techn. Univ., Diss.--Berlin, 2006.

Thesis (M.A.)--University of Hong Kong, 2008. / Includes bibliographical references (p. 84-88).

Thesis (M.A.)--University of Hong Kong, 2008. / Includes bibliographical references (p. 93-100).

Thesis (Ph. D.)--University of Sydney, 2002. / Title from title screen (viewed Apr. 23, 2008). Submitted in fulfilment of the requirements for the degree of Doctor of Philosophy to the Faculty of Law. Degree awarded 2002; thesis submitted 2000. Includes bibliography. Also available in print form.