Keywords: corporate governance, institutional ownership, potential growth, USA, United States, economic development, firm growth
Corporate governance, institutional ownership, and potential growth of US firms
This study examines the impact of corporate governance and institutional ownership on the potential growth of US firms. Two hundred ninety US firms listed on New York Stock Exchange (NYSE) were sampled for a period of three years (from 2009–2011). The findings of this study show that corporate governance and institutional ownership influence the potential growth of US firms. This study contributes to the literature on the factors that affect potential growth of the firm. The findings may be useful for financial managers, investors, stakeholders, managers of global companies, and financial management consultants.