Abstract
This study is an attempt to investigate the impact of concentrated ownership on the growth of
the manufacturing firms listed at Pakistan Stock Exchange for the data 2006-2016. A number
of panel data estimation techniques are employed; all confirm the positive alignment effect of
concentrated ownership on firm growth in line with Agency Theory and Penrose Theory of
Firm Growth. In addition to this, a number of firm specific factors are also found to have a significant impact on firm growth. Moreover, the study provides practical implication for investors
and policymakers in understanding the role of concentrated ownership on firm growth
Ayesha REHAN, Attiya Yasmeen JAVAID, Mohammad UMAR. (2020) IMPACT OF CONCENTRATED OWNERSHIP ON FIRM GROWTH, Pakistan Journal of Applied Economics, Volume 30, Issue 1.
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