Dependent Variable:

Firm Performance ROA

EPS

CAR

−0.0179 (−53.677)***

−0.093 (−3.879)*

Family Control

0.0079 (15.353)***

0.0067 (6.701)*

Mgt. Structure

0.000067 (5.3791)*

0.00098 (5.379)**

Ownership Concentration

−0.000053 (−6.779)*

−0.0008 (−17.98)**

Board Independence

0.05353 (7.78)**

0.011 (5.0379)*

Board Size

0.0179 (15.31)**

0.0153 (7.9530)**

CEO Duality

0.0538 (53.678)***

0.0530 (53.530)**

Audit Committee Independence

0.0053 (0.153)

0.093 (0.867)

Firm Size

−0.008 (−53.538)***

−0.001 (−0.797)

Growth Opportunities

−0.008 (1.791)

−0.0053 (53.71)***

Bank. Dummy

0.000097 (0.88)

0.00078 (0.5353)

R2

0.167

0.07