Promoter-driven companies tend to outperform professionally-managed companies, as they have superior growth rate, profitability and long-term focus, Credit Suisse Research Institute (CSRI) says in a study titled ‘CS Family 1,000’. In the study, CSRI has analysed financial and share price performance of 1,000 promoter-led companies (promoter holding more than 20 per cent and market capitalisation of over $ 1 billion) across the globe. Since 2006, the CS Family 1,000 has outperformed the broader equity markets by about 400 basis points (bps) annually. ...
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First Published: Sun, November 05 2017. 22:39 IST
