Advanced Search
MyIDEAS: Login

The Impact of Ownership Structure on Firm Performance: Evidence From a Large Emerging Market


Author Info

  • Douma, S.W.
  • George, R.
  • Kabir, M.R.

    (Tilburg University, Center for Economic Research)


We examine how ownership structure affects the performance of firms using firm level data from a large emerging market, India.We specifically focus on a previously unexplored phenomenon, namely the differential role played by foreign institutional and foreign corporate shareholders.An examination of more than one thousand Indian listed firms suggests that the positive effect on firm performance of foreign ownership is attributable to foreign corporations that have, on average, a larger shareholding and a higher degree of commitment and long-term involvement.Furthermore, we document the positive influence of domestic corporations, which are by far the largest blockholders with significant monitoring potential.We find an interesting dichotomy in their monitoring influence depending on whether they have a group affiliation.We also perform an analysis of group firms, the results of which generally suggest a negative impact on firm performance.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL:
Our checks indicate that this address may not be valid because: 404 Not Found. If this is indeed the case, please notify (Richard Broekman)
Download Restriction: no

Bibliographic Info

Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2002-104.

as in new window
Date of creation: 2002
Date of revision:
Handle: RePEc:dgr:kubcen:2002104

Contact details of provider:
Web page:

Related research

Keywords: corporate governance; corporate ownership; corporate performance;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:


No references listed on IDEAS
You can help add them by filling out this form.



This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:dgr:kubcen:2002104. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Richard Broekman).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.