IMPACT OF CONCENTRATED OWNERSHIP ON FIRM GROWTH
This study is an attempt to investigate the impact of concentrated ownership on the growth of the manufacturing firms listed at Pakistan Stock Exchange for the data 2006-2016. A number of panel data estimation techniques are employed; all confirm the positive alignment effect of concentrated ownersh...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Applied Economics Research Centre, University of Karachi
2020-06-01
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| Series: | Pakistan Journal of Applied Economics |
| Subjects: | |
| Online Access: | http://www.aerc.edu.pk/wp-content/uploads/2020/06/Paper-904-AYESHA-REHAN-IV.pdf |
| Summary: | This study is an attempt to investigate the impact of concentrated ownership on the growth of the manufacturing firms listed at Pakistan Stock Exchange for the data 2006-2016. A number of panel data estimation techniques are employed; all confirm the positive alignment effect of concentrated ownership on firm growth in line with Agency Theory and Penrose Theory of Firm Growth. In addition to this, a number of firm specific factors are also found to have a significant impact on firm growth. Moreover, the study provides practical implication for investors and policymakers in understanding the role of concentrated ownership on firm growth. |
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| ISSN: | 0254-9204 2519-0431 |