Ownership Structure and Sustainable Firm Performance: A Literature Review

Purpose: This study aims to explore the contemporary issues in ownership structure towards the sustainablefirm’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. Theproposition alludes to a significant positive impact of managerial ownership, institutional ownership, andfamily ownership toward achieving sustainable firm performance.Research limitations/implications: This review offers insights to managers and practitioners from developingcountries towards maintaining a balance between the ownership of various stakeholders towards achieving abetter and sustainable firm performance.