Title
OWNERSHIP STRUCTURE AND FIRM PERFORMANCE: A Study of Privatisation, Evolution of Ownership and Firm Performance in Albania,Used
Delivery time: 8-12 business days (International)
Irrespective of the method of privatisation used, ownership has become more concentrated over time in Albanian firms. The underdeveloped corporate governance mechanisms created a primary role for ownership concentration as the main vehicle by which owners could exercise control over managers. The empirical analysis in this thesis shows that certain firm characteristics have a significant impact on the evolution of ownership structure. The analysis on the impact of ownership structure on the performance of privatised firms in Albania do not provide support for the conventional view that ownership concentration has a positive effect on firm performance. However, firm characteristics other than ownership concentration may explain the variation in the performance of these firms suggesting that owners choose the level of concentration which best suits their value maximisation objective. The overall analysis concludes with certain policy implications mostly related to a functional stock exchange, strengthening judicial system and law enforcement and the creation of an agency to maintain information on the financial performance of firms.
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Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
We accept payments with :
Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.