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Ownership, Cash and Corporate Financial Performance in Indian Firms: Evidence Based on Agency Theory

Kuldeep Singh

Vision: The Journal of Business Perspectives2025https://doi.org/10.1177/09722629251314234article
AJG 1ABDC C
Weight
0.50

What the paper says

The study inspects how ownership structure and cash holdings (CETA) impact corporate financial performance (CFP) in Indian non-financial firms. The study uses quantile regression for panel data with Markov Chain Monte Carlo on six years of data from 78 non-financial firms in India. The results indicate that a U-shaped relationship exists between ownership, in general, and CFP. It means initially, a negative association exists to a minimum threshold, and then it exhibits a positive association. Additionally, promoters’ ownership moderates the effects of CETA on CFP positively, while institutional ownership exhibits a negative moderation. The study signifies that the aforementioned results follow the principles of agency theory.

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https://doi.org/https://doi.org/10.1177/09722629251314234

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@article{kuldeep2025,
  title        = {{Ownership, Cash and Corporate Financial Performance in Indian Firms: Evidence Based on Agency Theory}},
  author       = {Kuldeep Singh},
  journal      = {Vision: The Journal of Business Perspectives},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1177/09722629251314234},
}

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Ownership, Cash and Corporate Financial Performance in Indian Firms: Evidence Based on Agency Theory

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.