Ownership Structure and Firm Performance: Global Evidence from 2000–2025

Authors : Oğuz Yusuf Atasel, Yasin Şeker
Pages : 173-183
View : 36 | Download : 110
Publication Date : 2025-12-31
Article Type : Research Paper
Abstract :Ownership structure significantly influences who controls the flow of funds and how decisions are made. In other words, ownership structure reflects the firm\\\'s rights and the impact it has on managerial operations. The nature of ownership structure can influence firm performance directly or indirectly. Among the primary challenges facing the relationship between ownership structure and financial performance are performance conflicts between management and shareholders, agency issues, and the effectiveness of the corporate governance unit. This relationship has been addressed in the literature through the lens of different ownership types, such as institutional investor presence, family ownership, foreign capital ownership, and executive ownership. Furthermore, industry structure, market conditions, and structural adjustments at the level of ownership structure have also been significant factors in the power and direction of ownership structure on financial performance. The purpose of this study is to expand research studies covering the gap between ownership structure and firm performance between 2000 and 2025 through bibliometric analysis. For this purpose, a search was conducted in the Scopus database using the keywords “ownership structure, ownership concentration, ownership type, blockholder, controlling shareholder, insider ownership, family ownership, state ownership, foreign ownership, firm performance, financial performance, corporate performance, ROA, ROE, Tobin’s Q, profitability, market-to-book”, and the results were filtered to include only journal articles. The study analyzes publication trends by year, most cited studies, leading authors, influential journals, thematic focuses, and international collaboration networks. The findings are expected to contribute to the development of theoretical frameworks explaining the link between corporate governance and firm performance, as well as to provide insights into future research directions and emerging trends in the field.
Keywords : Sahiplik Yapısı, Finansal Performans, Bibliyometrik Analiz

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