Ownership Structure Characteristics and Firm Performance: A Conceptual Study
This study aims to offer a comprehensive description of the relevant literature that related to the association between the ownership structures namely, ownership concentration, managerial ownership, government ownership, foreign ownership and institutional ownership and firm performance. Ownership structure is among the corporate governance primary mechanisms. Ownership structure has been a target of many analysts and scholars alike for few decades but there is a lack of prior studies that examined these relationships in the developing countries. Additionally, there is few studies were trying to examine these factors together with firm performance in the developed countries but there is a rare research to test this association in the developing countries. So, the main objective of this study is to bridge this gap and try to enrich existing literature review. As we know, the ownership is to play a significant role to enhance performance through offer encouragement both in public and foreign investors to invest without concern on future risk. Moreover, it provides investors’ confidence to continue for achieving their target. Finally, this study offers many future recommendations as explained.
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