Does Ownership Structure Matter for Firm Innovation and Firm Performance? A Case of PSX-Listed Firms

Authors

  • Fatima Jamal University of Management and Technology
  • Burhan Rasheed University of Management and Technology
  • Zohair Farooq Malik University of Management and Technology
  • Numan Aslam University of Management and Technology
  • Syed Taha Fraz University of Management and Technology

Abstract

This study tries to analyze the ownership dynamics, especially in the context of firm innovation and firm performance with the inclusion of ownership structure as a moderating variable. The existing research lacks a comprehensive analysis of ownership structure, so this study fills this research gap. For that purpose, data is collected for 50 non-financial firms listed at PSX, the data period is 2017-2022 which leads to a total of 300 firm-year observations. Firm Innovation (FI) positively relates to Firm Performance (FP) and ownership concentration has a positive but insignificant relationship with FP, while insider ownership shows a negative and insignificant relation. This interplay between innovation, ownership structure, and FP leads to some suggestions for policymakers, business leaders, and investors to enhance innovation and FP.

Keywords: Ownership Structure, Firm Innovation, Firm Performance, and Pakistan Stock Exchange (PSX)

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Published

2024-06-01

How to Cite

Jamal, F., Rasheed, B., Zohair Farooq Malik, Aslam, N., & Syed Taha Fraz. (2024). Does Ownership Structure Matter for Firm Innovation and Firm Performance? A Case of PSX-Listed Firms. Journal of Business and Management Research, 3(1), 821–834. Retrieved from https://jbmr.com.pk/index.php/Journal/article/view/179