publications
Article
Does Foreign Ownership Influence Firm Profitability? Evidence from the Tunisian Context  |
DABBOUSSI Moez, kouki marouan, RAJHI Mohamed Taher, 2015 |
International Journal of Economics and Finance, 7, 8, 159-167, Juillet 2015 |
Résumé
The aim of this paper is to examine the impact of foreign ownership on the profitability of Tunisian financial
institutions. Empirical evidence shows (i) that the foreign ownership has a positive and significant effect on firm
profitability as measured by return on assets and return on equity. (ii) The presence of foreign directors in t he
board causes also an increase in return on assets. (iii) However, contrary to previous studies, state -owned firms
seem to perform better than fully privatized companies.
The aim of this paper is to examine the impact of foreign ownership on the profitability of Tunisian financial institutions. Empirical evidence shows (i) that the foreign ownership has a positive and significant effect on firm profitability as measured by return on assets and return on equity. (ii) The presence of foreign directors in t he board causes also an increase in return on assets. (iii) However, contrary to previous studies, state -owned firms seem to perform better than fully privatized companies.
