The relevant literature suggests that ownership structure is one of the main corporate\ngovernance mechanisms influencing the scope of financial performance. The aim of this\nstudy is to investigate the relationship between ownership structure and financial\nperformance of listed beverage food and tobacco companies for the period of 2010-2015.\nThis study also examines the impact of ownership structure on financial performance. The\nsample consists of 10 listed beverage food and tobacco companies in Sri Lanka. In this study,\ndata was collected from secondary sources and hypotheses are examined by using Pearson�s\ncorrelation and regression analysis. The results reveal that ownership concentration and\nforeign ownership structure are positively correlated with financial performance of listed\nbeverage food and tobacco companies while institutional ownership structure isn�t\nsignificantly correlated with financial performance. It is also found that there is a significant\nimpact of foreign ownership structure on financial performance. Higher the foreign\nownership structure in listed beverage food and tobacco companies, the higher the financial\nperformance which is preferable for the shareholders and it improves the wealth of\ncompanies.
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