IMPACT OF COVID-19 ON OWNERSHIP PATTERNS OF BSE LISTED FIRMS IN INDIA-AN ANALYTICAL STUDY
Dr. Chalawadi C I, Priyanka Kambali
Department of Studies in Commerce, Vijayanagara Sri Krishnadevaraya University, Ballari-583105, Karnataka
Abstract
This study examines the effect of Covid-19 on ownership pattern of listed firms in BSE India. The study utilizes secondary data and follows a convenient sampling approach. The data is sourced from CMIE prowess IQ and bseindia.com. The analysis covers the period from 2014 to 2024, divided into two phases: five years before and five years after COVID-19. A sample of 50 companies listed on the Bombay Stock Exchange (BSE) was chosen based on data availability, and the analysis employs both descriptive and inferential statistical techniques. The study concludes that significant declines were observed in promoter and Indian promoter ownership on post-COVID-19 as it evidenced from the p value of paired t stat., indicating a reduction in their stakes, likely due to regulatory changes and evolving market conditions. Non-promoter ownership saw a marked increase on post-COVID-19, driven by higher participation from institutional and retail investors, with non-promoter institutional ownership showing significant shifts. In contrast, foreign promoter ownership and non-promoter non-institutional ownership remained largely stable, with foreign promoter ownership showing no significant change and non-promoter non-institutional ownership displaying a marginal, statistically insignificant shift. These findings highlight the evolving dynamics of ownership, with a shift towards greater non-promoter participation in the market.
Keywords: Ownership Pattern, COVID-19 pandemic, BSE.
Journal Name :
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EPRA International Journal of Environmental Economics, Commerce and Educational Management
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Published on : 2025-04-12
Vol | : | 12 |
Issue | : | 4 |
Month | : | April |
Year | : | 2025 |