The study's objective is to explore the impact of ownership structures (OS) on firm performance and, consequently, the country's overall economic prosperity. The role of well-performing commercial banking in fostering economic growth is undeniable. A firm's ownership Structure (OS) is responsible for designing and allocating power to management. The relationship between OS and commercial bank performance has not yet been explored in Pakistan. This study addresses this gap by examining 20 banks listed on the Pakistan Stock Exchange from 2010 to 2021. Fixed effect panel regression is performed. Results confirmed that OS has a significant positive impact on performance. This study emphasizes prioritizing and achieving the desirable OS to achieve banks' strategic objectives and develop their flexibility for sustainability by improving governance practices.
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Javaid et al. (2024) studied this question.
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