This study has been conducted to investigate the relationship between the leverage, ownership structure and firm performance. The study used accounting based measured to measure the performance, which is return on assets (ROA) and return on equity (ROE) as dependent variables, while leverage, ownership proxies and other control variables as independent variables. The ownership proxies included the managerial ownership, institutional ownership and family owned ownership while the control variables included the size of the firm and net income of the selected firms. This study has used panel data analysis while using data of 70 firms listed on Pakistan Stock Exchange, for the years 2010 to 2016. This study found negative but statistically significant relationship of leverage on firm performance with both ROA and ROE. Si milarly managerial ownership, institutional ownership and family owned ownership have negative but statistically significant relationship with performance on listed companies Pakistan stock exchange.
KeywordsLeverageOwnership StructureFirm PerformanceReturn on Assets and Return on Equity
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