An Application of the Scorecard Tool to Measure Corporate Governance Quality: Empirical Study in a transition country
Nowadays, the corporate governance quality (CGQ) of a company has become increasingly important as it is the benchmark for the investment decision-making process. However, there are not many studies of CGQ in the Vietnamese public sector. In this regard, this study adopted and adapted the Associatio...
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| Format: | Article |
| Language: | English |
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Sciendo
2024-08-01
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| Series: | Foundations of Management |
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| Online Access: | https://doi.org/10.2478/fman-2024-0008 |
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| author | Luu Thi-Minh-Ngoc Nguyen Phuong Mai |
| author_facet | Luu Thi-Minh-Ngoc Nguyen Phuong Mai |
| author_sort | Luu Thi-Minh-Ngoc |
| collection | DOAJ |
| description | Nowadays, the corporate governance quality (CGQ) of a company has become increasingly important as it is the benchmark for the investment decision-making process. However, there are not many studies of CGQ in the Vietnamese public sector. In this regard, this study adopted and adapted the Association of Southeast Asian Nations (ASEAN) corporate governance scorecard and the Vietnamese Listed Company Awards scorecard to evaluate the CGQ of state-owned enterprises (SOEs) in Vietnam. Data from 220 equitized SOEs were collected from a self-administered survey and double-checked with information from in-depth interviews with the company’s managers and their documents. Collected data were analyzed to score the CGQ of surveyed companies. Results showed that the CGQ of survey companies met the basic requirements that comply with the legal framework. The analysis also showed the differences between two groups of state-owned enterprises: listed versus unlisted joint-stock companies. Based on the findings, we suggested companies improve and adjust their governance policies following 77 scorecard criteria and apply international best practices in corporate governance to promote their brand value to become more appealing to investors. |
| format | Article |
| id | doaj-art-01396a5bafb041cb9c7e85bd37e7352f |
| institution | Kabale University |
| issn | 2300-5661 |
| language | English |
| publishDate | 2024-08-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Foundations of Management |
| spelling | doaj-art-01396a5bafb041cb9c7e85bd37e7352f2025-02-02T15:48:06ZengSciendoFoundations of Management2300-56612024-08-0116112713810.2478/fman-2024-0008An Application of the Scorecard Tool to Measure Corporate Governance Quality: Empirical Study in a transition countryLuu Thi-Minh-Ngoc0Nguyen Phuong Mai1International School, Vietnam National UniversityHanoi, VIETNAMInternational School, Vietnam National UniversityHanoi, VIETNAMNowadays, the corporate governance quality (CGQ) of a company has become increasingly important as it is the benchmark for the investment decision-making process. However, there are not many studies of CGQ in the Vietnamese public sector. In this regard, this study adopted and adapted the Association of Southeast Asian Nations (ASEAN) corporate governance scorecard and the Vietnamese Listed Company Awards scorecard to evaluate the CGQ of state-owned enterprises (SOEs) in Vietnam. Data from 220 equitized SOEs were collected from a self-administered survey and double-checked with information from in-depth interviews with the company’s managers and their documents. Collected data were analyzed to score the CGQ of surveyed companies. Results showed that the CGQ of survey companies met the basic requirements that comply with the legal framework. The analysis also showed the differences between two groups of state-owned enterprises: listed versus unlisted joint-stock companies. Based on the findings, we suggested companies improve and adjust their governance policies following 77 scorecard criteria and apply international best practices in corporate governance to promote their brand value to become more appealing to investors.https://doi.org/10.2478/fman-2024-0008corporate governancecorporate governance qualitystate-owned joint-stock companiesvietnamg34l32m10 |
| spellingShingle | Luu Thi-Minh-Ngoc Nguyen Phuong Mai An Application of the Scorecard Tool to Measure Corporate Governance Quality: Empirical Study in a transition country Foundations of Management corporate governance corporate governance quality state-owned joint-stock companies vietnam g34 l32 m10 |
| title | An Application of the Scorecard Tool to Measure Corporate Governance Quality: Empirical Study in a transition country |
| title_full | An Application of the Scorecard Tool to Measure Corporate Governance Quality: Empirical Study in a transition country |
| title_fullStr | An Application of the Scorecard Tool to Measure Corporate Governance Quality: Empirical Study in a transition country |
| title_full_unstemmed | An Application of the Scorecard Tool to Measure Corporate Governance Quality: Empirical Study in a transition country |
| title_short | An Application of the Scorecard Tool to Measure Corporate Governance Quality: Empirical Study in a transition country |
| title_sort | application of the scorecard tool to measure corporate governance quality empirical study in a transition country |
| topic | corporate governance corporate governance quality state-owned joint-stock companies vietnam g34 l32 m10 |
| url | https://doi.org/10.2478/fman-2024-0008 |
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