{"id":"https://openalex.org/W2011789060","doi":"https://doi.org/10.1080/03088830802198308","title":"Ownership structure and operating performance: evidence from the European maritime industry","display_name":"Ownership structure and operating performance: evidence from the European maritime industry","publication_year":2008,"publication_date":"2008-08-01","ids":{"openalex":"https://openalex.org/W2011789060","doi":"https://doi.org/10.1080/03088830802198308","mag":"2011789060"},"language":"en","primary_location":{"id":"doi:10.1080/03088830802198308","doi":"https://doi.org/10.1080/03088830802198308","is_oa":false,"landing_page_url":"https://doi.org/10.1080/03088830802198308","pdf_url":null,"source":{"id":"https://openalex.org/S155850388","display_name":"Maritime Policy & Management","issn_l":"0308-8839","issn":["0308-8839","1464-5254"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","dongbi-b","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Maritime Policy &amp; Management","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://durham-repository.worktribe.com/output/1529894","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5001552324","display_name":"Neophytos Lambertides","orcid":"https://orcid.org/0000-0003-2864-1793","observed_orcids":["https://orcid.org/0000-0003-2864-1793"]},"institutions":[{"id":"https://openalex.org/I169199633","display_name":"Aston University","ror":"https://ror.org/05j0ve876","country_code":"GB","type":"education","lineage":["https://openalex.org/I169199633"]},{"id":"https://openalex.org/I79619799","display_name":"University of Birmingham","ror":"https://ror.org/03angcq70","country_code":"GB","type":"education","lineage":["https://openalex.org/I79619799"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Neophytos Lambertides","raw_affiliation_strings":["Aston Business School, Birmingham, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Aston Business School, Birmingham, UK","institution_ids":["https://openalex.org/I169199633","https://openalex.org/I79619799"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5059103061","display_name":"Christodoulos Louca","orcid":"https://orcid.org/0000-0003-3436-3734","observed_orcids":["https://orcid.org/0000-0003-3436-3734"]},"institutions":[{"id":"https://openalex.org/I190082696","display_name":"Durham University","ror":"https://ror.org/01v29qb04","country_code":"GB","type":"education","lineage":["https://openalex.org/I190082696"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Christodoulos Louca","raw_affiliation_strings":["Durham Business School, Durham, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Durham Business School, Durham, UK","institution_ids":["https://openalex.org/I190082696"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5001552324"],"corresponding_institution_ids":["https://openalex.org/I169199633","https://openalex.org/I79619799"],"apc_list":null,"apc_paid":null,"fwci":0.5138,"has_fulltext":false,"cited_by_count":26,"citation_normalized_percentile":{"value":0.81390895,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":87,"max":97},"biblio":{"volume":"35","issue":"4","first_page":"395","last_page":"409"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13901","display_name":"State Capitalism and Financial Governance","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/ownership-structure","display_name":"ownership structure","score":0.9850000143051147},{"id":"https://openalex.org/keywords/operational-performance","display_name":"operational performance","score":0.9570000171661377},{"id":"https://openalex.org/keywords/maritime-industry","display_name":"maritime industry","score":0.7620000243186951},{"id":"https://openalex.org/keywords/managerial-opportunism","display_name":"managerial opportunism","score":0.7910000085830688},{"id":"https://openalex.org/keywords/investor-protection","display_name":"investor protection","score":0.7360000014305115},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.5690000057220459}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.633827805519104},{"id":"https://openalex.org/C2987597579","wikidata":"https://www.wikidata.org/wiki/Q155930","display_name":"Maritime industry","level":2,"score":0.6022568941116333},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.5453169345855713},{"id":"https://openalex.org/C155202549","wikidata":"https://www.wikidata.org/wiki/Q178803","display_name":"International trade","level":1,"score":0.505645751953125}],"mesh":[],"locations_count":6,"locations":[{"id":"doi:10.1080/03088830802198308","doi":"https://doi.org/10.1080/03088830802198308","is_oa":false,"landing_page_url":"https://doi.org/10.1080/03088830802198308","pdf_url":null,"source":{"id":"https://openalex.org/S155850388","display_name":"Maritime Policy & Management","issn_l":"0308-8839","issn":["0308-8839","1464-5254"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","dongbi-b","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Maritime Policy &amp; Management","raw_type":"journal-article"},{"id":"pmh:oai:dro.dur.ac.uk.OAI2:5570","doi":null,"is_oa":false,"landing_page_url":"http://dro.dur.ac.uk/5570/","pdf_url":null,"source":{"id":"https://openalex.org/S4306400188","display_name":"Durham Research Online (Durham University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I190082696","host_organization_name":"Durham University","host_organization_lineage":["https://openalex.org/I190082696"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"Maritime policy &amp; management, 2008, Vol.35(4), pp.395-409 [Peer Reviewed Journal]","raw_type":"Article"},{"id":"pmh:oai:RePEc:taf:marpmg:v:35:y:2008:i:4:p:395-409","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/03088830802198308","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:durham-repository.worktribe.com:1529894","doi":null,"is_oa":false,"landing_page_url":"https://durham-repository.worktribe.com/output/1529894","pdf_url":null,"source":{"id":"https://openalex.org/S4306400188","display_name":"Durham Research Online (Durham University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I190082696","host_organization_name":"Durham University","host_organization_lineage":["https://openalex.org/I190082696"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Journal Article"},{"id":"pmh:oai:https://durham-repository.worktribe.com/:1529894","doi":null,"is_oa":true,"landing_page_url":"https://durham-repository.worktribe.com/output/1529894","pdf_url":null,"source":{"id":"https://openalex.org/S4306400188","display_name":"Durham Research Online (Durham University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I190082696","host_organization_name":"Durham University","host_organization_lineage":["https://openalex.org/I190082696"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Journal Article"},{"id":"pmh:oai:ktisis.cut.ac.cy:20.500.14279/2086","doi":null,"is_oa":false,"landing_page_url":"https://hdl.handle.net/20.500.14279/2086","pdf_url":null,"source":{"id":"https://openalex.org/S4306400897","display_name":"Ktisis at Cyprus University of Technology (Cyprus University of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I163151358","host_organization_name":"Cyprus University of Technology","host_organization_lineage":["https://openalex.org/I163151358"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Article"}],"best_oa_location":{"id":"pmh:oai:https://durham-repository.worktribe.com/:1529894","doi":null,"is_oa":true,"landing_page_url":"https://durham-repository.worktribe.com/output/1529894","pdf_url":null,"source":{"id":"https://openalex.org/S4306400188","display_name":"Durham Research Online (Durham University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I190082696","host_organization_name":"Durham University","host_organization_lineage":["https://openalex.org/I190082696"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Journal Article"},"sustainable_development_goals":[{"display_name":"Peace, justice, and strong institutions","score":0.8046000003814697,"id":"https://metadata.un.org/sdg/16"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":27,"referenced_works":["https://openalex.org/W1599887070","https://openalex.org/W1606272114","https://openalex.org/W1974262078","https://openalex.org/W1979927021","https://openalex.org/W1980202822","https://openalex.org/W1994807490","https://openalex.org/W2001218442","https://openalex.org/W2007911472","https://openalex.org/W2014524200","https://openalex.org/W2039351701","https://openalex.org/W2058757113","https://openalex.org/W2075288496","https://openalex.org/W2101376317","https://openalex.org/W2121225005","https://openalex.org/W2131538393","https://openalex.org/W2135138991","https://openalex.org/W2150841109","https://openalex.org/W2151607905","https://openalex.org/W2167748016","https://openalex.org/W2268712472","https://openalex.org/W2752617332","https://openalex.org/W3121199437","https://openalex.org/W3121835489","https://openalex.org/W3122340701","https://openalex.org/W3123091495","https://openalex.org/W3124747412","https://openalex.org/W3124859647"],"related_works":["https://openalex.org/W2353025213","https://openalex.org/W7098292599","https://openalex.org/W2115854997","https://openalex.org/W3122611841","https://openalex.org/W2041852085","https://openalex.org/W7047743952","https://openalex.org/W2391008693","https://openalex.org/W2788903639","https://openalex.org/W1574372406","https://openalex.org/W6982431624"],"abstract_inverted_index":{"In":[0],"this":[1,150],"paper":[2],"we":[3,28,76,100],"examine":[4],"the":[5,25,141,144],"relation":[6,57,67,79,105],"between":[7,58,68,80,106],"ownership":[8,145,161],"structure":[9,146],"and":[10,41,61,71,83,109,133,152],"operating":[11,32,59,81,107],"performance":[12,33,60,82,108],"for":[13,113,120,130],"European":[14],"maritime":[15,116,123],"firms.":[16,124],"Using":[17],"a":[18,103,155],"sample":[19],"of":[20,143,158],"266":[21],"firm-year":[22],"observations,":[23],"during":[24],"period":[26],"2002\u20132004,":[27],"provide":[29],"evidence":[30,159],"that":[31,88],"is":[34],"positively":[35],"related":[36],"with":[37],"foreign":[38],"held":[39,44,63,85,111],"shares":[40,112],"investment":[42],"corporation":[43],"shares,":[45,64,86],"indicating":[46,87],"better":[47],"investor":[48],"protection":[49],"from":[50,96],"managerial":[51,97],"opportunism.":[52,98],"We":[53],"also":[54],"find":[55,77,102],"no":[56,66,78],"employee":[62,69],"suggesting":[65],"commitment":[70],"firms\u2019":[72],"economic":[73],"performance.":[74,165],"Furthermore,":[75],"government":[84,89],"may":[90],"not":[91,119],"adequately":[92],"protect":[93],"shareholders\u2019":[94],"interests":[95],"Finally,":[99],"do":[101],"positive":[104],"portfolio":[110],"code":[114],"law":[115,122],"firms":[117],"but":[118],"common":[121],"Results":[125],"are":[126,147],"robust":[127],"after":[128],"adjusting":[129],"various":[131],"firm":[132],"country":[134],"risk":[135],"characteristics.":[136],"Overall,":[137],"our":[138],"results":[139],"on":[140],"importance":[142],"new":[148],"to":[149,154,163],"setting":[151],"add":[153],"large":[156],"body":[157],"linking":[160],"characteristics":[162],"corporate":[164]},"counts_by_year":[{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":1},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":3}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}
