Abstract:
This study is focused towards investigation of relationship prevailing between foreign ownership, managerial ownership and firm corporate financial performance in Pakistan as one - of emerging economies. To investigate this relationship, evidence has been collected from Pakistan stock exchange. For this purpose, sample of90 Companies were included in the study. The study collected data for each company from 20 1 0 to 2016 on annual basis. The variables used for study are Foreign Ownership (FO), Managerial Ownership (MO), Return on Assets (ROA), Return on Equity (ROE), Market Share (MS) and Firm Size_ Hausman test is app lied to select appropriate model from random model or fixed model to investigate the formulated objectives and hypo thesis. The results of fixed effect model suggest that Managerial Ownership (MO) and Firm Size (FS) are significantly influencing Return on Assets (ROA), except Foreign Ownership (FO) is not responsible for significantly influencing ROA, while Foreign Ownership (FO) and Firm Size (FS) are a also significantly influencing Return on Equity (ROE), except Managerial Ownership (MO) is no t responsible for influencing ROE. The results of fixed effect model further suggest that Managerial Ownership (MO), Foreign Ownership (FO) and Firm Size (FS) are significantly influencing Market Share (MS).
