A study on impact of ownership structure on financial performance of top information technology companies in India.

This paper examines the impact of ownership structure on the financial performance of top IT companies in India. The significance of evaluating the association between performance of firm and ownership structure is emphasised due to occurrence of numerous corporate scandals and fastest growing industries in the country. There is scarcity of prior research that empirically examines the relationship between the ownership structure and financial performance of the firm in the context of IT companies in India. Previous studies show conflicting results when it comes to establishing the nature of relationship between ownership structure and firm performance. IT sector is having 16.16 % of weightage in NIFTY 50 Index companies as on March 31, 2021. In terms of FDI, this sector is ranked second in India and attracts about US $ million 71,055.91 (13.42%) of total FDI inflows from April 2000 to March 2021. [ABSTRACT FROM AUTHOR]