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Influence of Family Ownership and Governance on Performance: Evidence from India

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  • Aman Srivastava
  • Shikha Bhatia

Abstract

This study examines how firm performance is impacted by family ownership and governance in an emerging market. Employing a panel data set of listed companies from National Stock Exchange (NSE) of India for the period 2011–2017, this study analyses the relationship between family ownership and firm performance while controlling for variables like impact of external environment and characteristics of firms. The performance of firms is measured by accounting measures of performance and Tobin’s Q. The findings of this study suggest that family ownership and firm performance have a nonlinear relationship and family ownership has a positive impact on firm performance till a certain point and after that it starts affecting firm performance negatively. This study also finds that family involvement in governance positively affects the firm performance.

Suggested Citation

  • Aman Srivastava & Shikha Bhatia, 2022. "Influence of Family Ownership and Governance on Performance: Evidence from India," Global Business Review, International Management Institute, vol. 23(5), pages 1135-1153, October.
    • Handle: RePEc:sae:globus:v:23:y:2022:i:5:p:1135-1153
    DOI: 10.1177/0972150919880711
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    References listed on IDEAS

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    3. Mehmet Bağiş & Li̇ri̇don Kryeziu & Mehmet Nurullah Kurutkan & Besni̇k A. Krasniqi & Omer Yazici & Esra Memili, 2023. "Topics, trends and theories in family business research: 1996–2020," International Entrepreneurship and Management Journal, Springer, vol. 19(4), pages 1855-1891, December.
    4. Ilaria Galavotti & Carlotta D’Este & Daniele Cerrato, 2026. "A size-based contingency approach to family firms’ performance: the role of family power," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 30(1), pages 155-190, March.
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    6. Jyoti Dixit & Poonam Singh & Rashmi Soni, 2025. "A Bibliometric Analysis of Takeover in Family Firms: Current Themes and Prospects," Business Perspectives and Research, , vol. 13(2), pages 243-265, April.

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