---

Pattern of ownership

---

Original Article

Author Details : Daman Jeet*, B S. Bhatia, R K. Sharma

Volume : 5, Issue : 3, Year : 2018

Article Page : 249-258

https://doi.org/10.18231/2394-2770.2018.0040

Suggest article by email

Get Permission

---

Abstract

The study of pattern of ownership is inevitable in setting the milieu for corporate governance as barbed by theoretical and functional work on corporate governance. Present study identifies the ownership pattern of 154 index companies on Bombay Stock Exchange for six financial years (2011 to 2016). Analysis has been conducted separately for shareholding-wise and industry-wise ownership. This study intrigues largely the proportion of shareholding by promoters and non-promoters and the results demonstrate that Indian companies typically sustain their ownership pattern in due course. In India ownership is concentrated in the hands of promoters. On an average the promoters together with 'persons acting in concert' (promoter group) held around 53.73 percent of the total outstanding shares from 2011 to 2016. With this huge stakes it is cynical whether efforts at improving corporate governance would succeed as an observable fact of institutionalization of capital also exists. This growth of shareholding is expected to have an all-encompassing upshot on corporate governance.

Keywords: Corporate governance, Ownership structure, Ownership concentration, Shareholding pattern, Promoters, Non-promoters.

How to cite : Jeet D , Bhatia B S, Sharma R K, Pattern of ownership. J Manag Res Anal 2018;5(3):249-258

This is an Open Access (OA) journal, and articles are distributed under the terms of the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 License, which allows others to remix, tweak, and build upon the work non-commercially, as long as appropriate credit is given and the new creations are licensed under the identical terms.