Campbell, Kevin - Centre for the Study of Economic and Social Change in … - 2002
structure and corporate performance in 1998 and 1999. Cross-sectional regressions are runfor each of these years using the … return on assets (ROA) as the measure of performance. Both after-taxprofits and operating profits are used to produce the ROA … maypositively affect performance while the existence of continuing State ownership has the opposite effect.Neither of these …