Ownership Structure and Sustainable Firm Performance: A Literature Review

Mehreen Mehreen; Rusni Hassan; Azizullah Sayal

Mehreen Mehreen Department of Investment and Finance, NUST Business School, National University of Sciences and Technology, H-12, Islamabad
Rusni Hassan IIUM Institute of Islamic Banking and Finance (IIBF) International Islamic University Malaysia
Azizullah Sayal Management Sciences Department, Comsats University, Abbottabad Campus, Islamabad

Keywords: Ownership structure; sustainable firm performance; ownership concentration; institutional ownership; managerial ownership; family ownership, strategic managerial policy

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.