DOES OWNERSHIP AFFECT PERFORMANCE? –A PANEL DATA ANALYSIS OF COMPANIES LISTED IN INDIA
Published: 16 May 2023| Version 1 | DOI: 10.17632/sb4jmc3jsm.1
Time's Journey A Refereed Journal,
This paper attempts to examine the impact of ownership structure on firm performance. The sample is based on BSE 200 Index companies and the study spans over a period of 15 years, from 2001 to 2015. It considers four major groups of ownership viz., Indian Promoters (IP), Foreign Promoters (FP), Non-Promoter Institutions (NPI), and Non-Promoter Non Institutions (NPNI) and three measures of performance namely, return on asset (ROA), return on equity (ROE), and Tobin’s Q ratio (TQ). Panel data regression results shed light on the relation between ownership structure and firm performance.
Institute of Management Study
Corporate Governance, Linear Regression, Ownership Structure