Nexus between Shareholding Pattern and Performance of Firms Listed under S & P BSE 30 Index

Acta Universitatis Sapientiae Economics and Business 2026 Open access

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Authors: Pandit Deendayal Upadhyaya Adarsha Mahavidyalaya, Mahesh Dahal, Dr Porag Pachoni, Pandit Deendayal Upadhyaya Adarsha Mahavidyalaya, Manuranjan Gogoi, Pandit Deendayal Upadhyaya Adarsha Mahavidyalaya, Joy Das, Raju Subba, Pandit Deendayal Upadhyaya Adarsha Mahavidyalaya
DOI: 10.47745/auseb-2025-0003
Cited by: 0
References: 43

Abstract

The current study aims to investigate the impact of shareholding pattern on the performance of firms under the S&P BSE 30 Index through panel data regression analysis. The study reveals a positive association between promoter holdings and firm performance, following the alignment effect. Additionally, the results also indicated that both FIIs (Foreign Institutional Investors) and DIIs (Domestic Institutional Investors) positively influence firm performance. This suggests that FIIs and DIIs are responsible shareholders who actively monitor firm performance supporting the global advantage as well as the hometown hypothesis

Fields of Study & Subjects

Corporate Finance and Governance Financial Analysis and Corporate Governance Financial Markets and Investment Strategies

Publication details

Journal / source
Acta Universitatis Sapientiae Economics and Business
Volume
13
Pages
30–44
Publication date
22 January 2026
Language
EN