Ownership Structure and Sustainable Firm Performance: A Literature Review

Abstract

Purpose: This study aims to explore the contemporary issues in ownership structure towards the sustainable
firm’s performance for strategic managerial policy.
Design/methodology/approach: This study followed the systematic literature review technique.
Findings: Results found that most of the prior literature on this subject is related to developed countries,
while research on this subject in developing countries is found scant.
Originality: This study offers new propositions on contemporary issues in ownership structure. The
proposition alludes to a significant positive impact of managerial ownership, institutional ownership, and
family ownership toward achieving sustainable firm performance.
Research limitations/implications: This review offers insights to managers and practitioners from developing
countries towards maintaining a balance between the ownership of various stakeholders towards achieving a
better and sustainable firm performance.