C entennial companies have weathered the storms of time, evolving their ownership structures to adapt to the changing dynamics at the macro, meso and micro levels and at socio-economicpoliticalinstitutional, business, society and family levels. A few factors include the institutional framework of the country, industryspecific dynamics, profitability and earnings trends, corporate governance practices, family, state or foreign multinational company ownership and mergers and acquisitions.
The evolution of the ownership structure is essential to navigate the challenges thrown by the dynamic environment, and its implications extend beyond financial performance. It influences firm strategies, value, dividend policy, corporate governance, corporate social responsibility, environmental sustainability and industry dynamics. This article looks at some factors that have influenced ownership structures in long-lasting companies.
The Great Family Sagas
Family ownership has been a prevalent characteristic…
