Three essays on Asian capital markets

Piman Limpaphayom, University of Rhode Island

Abstract

This dissertation consists of three essays on the relation between ownership structure and firm behavior for companies in two Pacific-Basin capital markets, Japan and Thailand. The first essay investigates the effect of organizational and ownership structure on firm performance in the Japanese non-life insurance industry. The second essay examines the effect of ownership structure on the performance of initial public offerings in Thailand. The third essay analyzes the impact of insider ownership and institutional ownership on firm risk-taking behavior of non-life insurance companies listed on the Stock Exchange of Thailand. These studies complement the existing literature on the relation between ownership structure and firm performance in the U.S. Overall, the study provides an empirical evidence of the effect of ownership structure on firm behavior in Asian capital markets. ^

Subject Area

Business Administration, General|Economics, Finance

Recommended Citation

Piman Limpaphayom, "Three essays on Asian capital markets" (1997). Dissertations and Master's Theses (Campus Access). Paper AAI9831112.
http://digitalcommons.uri.edu/dissertations/AAI9831112

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