2020 iBAF

This paper aims to investigate whether the large shareholder's ownership influences the firm's financial performance during the year 2018 in the non-financial firms listed in the MENA countries. In this paper large shareholders measured as a percentage of shares held by the top largest shareholder, financial performance was measured using ROA, ROE as an accounting performance measure, and MTBR as a market performance measure. Firm age, firm size, and leverage were used as control variables. This study using all non-financial listed firms in nine MENA countries with 361 total observations. The finding shows a positive significant relationship between large shareholders' ownership and firm financial performance (ROA, ROE, and MTBR). But control variables are a negative significant relationship with large shareholders.

This paper aim to investigate the effect of large shareholder’s ownership namely, family, government, foreign and institutional ownership on the firm financial performance among all Jordanian non-financial firms listed on Amman Stock Exchange for the year 2018 with 70 observations. In this paper, financial performance was measured using ROA, ROE as accounting performance measure, and MTBR as market performance measure. Firm age, firm size and leverage was used as control variable. the finding of this study show a positive significant relationship between family, foreign and institutional ownership and firms financial performance. Also, show negative significant relationship between government shareholders ownership and firms financial performance ROA, ROE.