数据和处理方法[外文翻译]

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1、外文题目：OwnershipStructureandCorporatePerformanceinTheJordanianManufacturingCompanies出处：JordanJournalofBusinessAdministration作者：JamalAbu-Serdaneh,MajdyI·Zuriekat,ImadAl-Sheikh原文：DATAANDMETHODOLOGYSampleThisstudyrepresentsasampleconsistingofallJordanianmanufactu

2、ringcompaniestradedinAmmanStockExchange(ASE)．Afiveyearpaneldataarecompiledoutofownershipinformationandfinancialstatementsofthesecompaniesbetween2002and2006．However，thedatafromsomecompanieswereunavailableinsomeyearsbecauseofliquidation，merger,ortheestablishme

3、ntofnewcompanies;suchcompanieshavebeeneliminatedfromthesampleset．Thetotalnumberofcompaniesanalyzedis56andthetotalnumberofobservationsaddedupto280．Thisstudyusesanaverageforeachcompanyoverfiveyears(2002-2006)inordertoreducetheeffectsoftemporaryshocksonthemeasu

4、rementofperformanceandtoexaminetheequilibriumrelationshipinthedata．VariablesandMeasurementsToexaminetheeffectofownershipstructureontheperformanceofJordanianmanufacturingcompanies，itisassumedthatfirm'sperformancedependsonanumberofexplanatoryvariables，ownershi

5、pstructure，dimensions，andotherfirmcharacteristics．PerformanceVariableThemainobjectiveofthisstudyistoinvestigatetheimpactofownershipandothercontrolvariablesontheJordanianmanufacturingcompanies，whichmeansconsideringcompany’sperformanceasthedependentvariable．Th

6、eliteratureemploysanumberofdifferentmeasuresoffirmperformance．Thesemeasuresinclude：1)financialratiofrombalancesheetandincomestatement；2)Tobin’sQ；3)financialratiosandTobin’sQ．OwnershipStructureVariablesMostofthepriorempiricalstudiesusedonlyonedimensionofowner

7、shipstructure，whichisproposedtobeoneofthereasonsforproducingconflictingresults.ThisstudydrawsapictureofownershipstructureinJordanacrossthetimeusingmultipledimensions．Thefollowingarethedimensionsofownershipstructurethatareusedinthisstudy．1．ConcentrationOwners

8、hipOwnershipconcentrationmeasuresdispersionofownershipamongallorcertainshareholders．Theproblemwithdilutedownershipinpublicheldcorporationsisthatownershipisdistributedamonganextremelylargenumbero