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

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