The relationship between ownership structure and firm performance

The available literature encourages to study the relation between the ownership structure and the company efficiency in various contexts. This work is devoted to the analysis of the ownership structure of the companies included by Dow Jones U.S. Airlines Index in the period from 2008 to 2012. In detailed studies were used various profitability indicators, such as ROA, ROE, ROI. Moreover, the less popular indicator of the efficiency of the use of assets, Asset Turnover, was introduced. Tobin's Q ratio was also used. The companies owned by Dow Jones U.S. Airlines are in majority characterized by the ownership structure with the significant number of institutional owners, which is why the conclusions and the final views are mostly focused on this particular group of owners.