Equity ownership, debt, and corporate performance : a preliminary evidence in Singapore

Abstract

We empirically investigate the relation between corporate performance, leverage, and equity ownership. In our methodology, we separate samples of Singapore-listed firms (for the years 1989 and 1994) into the high-growth and the low-growth firms. The performances of these firms are then regressed against the firms' leverage, insider shareholdings, institutional shareholdings and block-shareholdings.