This study is an attempt to investigate the impact of concentrated ownership on the growth of
the manufacturing firms listed at Pakistan Stock Exchange for the data 2006-2016. A number
of panel data estimation techniques are employed; all confirm the positive alignment effect of
concentrated ownership on firm growth in line with Agency Theory and Penrose Theory of
Firm Growth. In addition to this, a number of firm specific factors are also found to have a significant impact on firm growth. Moreover, the study provides practical implication for investors
and policymakers in understanding the role of concentrated ownership on firm growth
