Impact of Partial Government Ownership on Company Performance
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School of Business |
Bachelor's thesis
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Author
Date
2023
Department
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Mcode
Degree programme
Rahoitus
Language
en
Pages
24 + 7
Series
Abstract
I use data from Finland and Sweden between 2012 and 2022 to examine the effect of partial ownership by the Finnish government on the performance of companies. In my work, I go through the previous studies and conduct regression analysis with Tobin’s Q and profitability metrics to gain insight into how companies partially owned by the government perform. I found some evidence supporting the hypothesis that government ownership negatively affects company performance measured by Tobin’s Q. I found no negative impact of government ownership on profitability ratios such as return on equity and return on assets.Description
Thesis advisor
Vihriälä, ErkkiKeywords
government ownership, company performance, Tobin's Q, profitability
