Impact of Family Ownership on Firm Performance Analysis of Cement Sector Firms Listed in KSE

The purpose of this research is to check the impact of family ownership on firm performance. We have selected 23 family and non-family firms listed at KSE as a sample from cement sector from time period 2008-2012. Independent Variables are Ownership concentration and family ownership concentration, dependent variable is firm performance measured by Tobin’s Q and control variables are leverage, size and growth. To run this equation we have used regression model. Hypothesis shows that family firms have better impact than non-family firms but empirical results derived are contrary to our hypothesis and explain that beta of family ownership is less as compare to ownership concentration.