Corporate governance: Block ownerships' identity and its effect on the performance of publicly listed companies in the Philippines

Date of Publication


Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Management of Financial Institutions


Ramon V. Del Rosario College of Business


Financial Management

Thesis Adviser

Frederick P. Romero

Defense Panel Chair

Patrick D. Caoile

Defense Panel Member

Alddon C. Ang


The proponents of the paper investigate the relationship between block ownerships' identity and the performance of publicly listed companies in the Philippines. The main research question addressed is, whether the internal mechanism of corporate governance, as represented by the identity of the shareholder, has a relationship with the economic performance of the publicly listed companies in the Philippines, as represented by the ROA and ROE. The categories of identities include corporate, individual, director, institutional, foreign, state, and others. Through a convenience sampling design, the study utilized a sample of 30 companies constituting the Philippine Stock Exchange Composite index (2015) for a period of 5 years from 2010 to 2014. In order to analyze the data, the paper employed an explanatory, descriptive, and correlational research design to the study of ownership structure in the Philippines. With the application of statistical tools, namely, descriptive statistics, Pearson's product-moment correlation coefficient, and multiple regression analysis, it was found that, in the Philippines, the identities that influence firm performance positively are corporate, institutional, and foreign ownership. The results also found a highly significant inverse correlation between director ownership and firm performance. The main contribution of this paper is the establishment of an existing relationship between the identity of block ownership and firm performance of publicly listed companies in an emerging market.

Abstract Format






Accession Number


Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

ii, 80 leaves ; 28 cm. + 1 computer optical disc ; 4 3/4 in.


Corporate governance--Philippines; Financial institutions--Management

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