Business, Enterprise & Management
Permanent URI for this collectionhttps://eresearch.qmu.ac.uk/handle/20.500.12289/5
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Item Does capital structure matter? Evidence from family-owned firms in Jordan(Emerald, 2023-07-05) Al-Haddad, Lara M.; Saidat, Zaid; Seaman, Claire; Gerged, Ali MeftahPurpose This study examines the potential impact of capital structure on the financial performance of family-owned firms in Jordan. Design/methodology/approach Using panel data of 107 listed companies from 2019 to 2021, the authors use a multivariate regression model to empirically examine the role that family firms' capital structure can play in engendering financial performance in the short and long terms. Findings This study's evidence indicates that family businesses rely on equity as their primary source of funding. This approach has been proven to be detrimental to their financial performance, as evidenced by the negative impact of capital structure on family firms' financial performance in the current study. Originality/value Capital structure-related decisions are essential to a firm's performance. Thus, there have been numerous empirical studies examining the relationship between capital structure and corporate performance in various settings worldwide. However, the findings of these studies are inconclusive. Also, there are relatively few empirical studies investigating the association between capital structure and the performance of family firms in emerging countries, particularly Jordan. This study, therefore, addresses this empirical gap in extant literature.Item Family-owned banks in Jordan: Do they perform better?(Emerald, 2022-01-10) Saidat, Zaid; Alrababa’a, Abedalrazaq; Seaman, ClairePurpose: Family ownership is very common for Jordanian businesses, leading to a high level of involvement of family members in company management. There continues to be intense discussion on the pros and cons of family ownership, particularly as it focuses corporate control within a small family group. The purpose of this paper is to examine the performance of family and non-family owned banks appear on the Amman Stock Exchange over the 2016 to 2020 period.Item Female directors, family ownership and firm performance in Jordan(Sciedu Press, 2019-11-06) Saidat, Zaid; Seaman, Claire; Silva, Mauricio; Al-Haddad, Lara; Marashdeh, ZyadThis study examines the impact of female directors on the financial performance of family and non-family Jordanian firms. A sample of 103 Jordanian public firms listed on Amman Stock Exchange for the time period 2009-2015 was selected. The study had a quantitative approach and used a panel data methodology. The data analysis was conducted using Ordinary Least Square Regression. ROA and Tobin’s Q were deployed as measurement of financial performance. The appointment of female directors does not have any significant impact on the financial performance of family firms. However, with regard to non-family firms, female directors appeared to have a negative impact on the performance of these firms. The impact of female directors on family firm performance merits further research in the context of different countries and cultures. Appointments based on qualifications and expertise is more likely to have a positive impact. Jordan is an under-researched area where the impact of female directors on the firm performance would merit further research. Differentiating between the impact of female directors on family and non-family firms would also merit further research, especially in the context of the conditions under which they are appointed.