State ownership, board characteristics and corporate financial performance in publicy listed firms in Vietnam
State ownership plays an important role in guiding corporate governance to achieve a number of government objectives. Therefore, using this capital can help businesses achieve high profits and growth. In addition, the characteristics of the board are also significant for increasing the profitability...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2024-12-01
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| Series: | Cogent Social Sciences |
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| Online Access: | https://www.tandfonline.com/doi/10.1080/23311886.2024.2301811 |
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| _version_ | 1849330256600629248 |
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| author | Quang Minh Nguyen Chien V. Nguyen |
| author_facet | Quang Minh Nguyen Chien V. Nguyen |
| author_sort | Quang Minh Nguyen |
| collection | DOAJ |
| description | State ownership plays an important role in guiding corporate governance to achieve a number of government objectives. Therefore, using this capital can help businesses achieve high profits and growth. In addition, the characteristics of the board are also significant for increasing the profitability of the business. Using a sample data of 30 large companies with large market capitalization as well as great market influence listed on stock exchanges in Vietnam; and using the traditional regressions such as OLS, FEM and REM as well as the endogenous analysis, the research results indicated that state ownership has a positive contribution to financial performance. Moreover, larger board size is significantly consistent with higher financial performance. The study also affirmed that enterprises should choose equity instead of debt to ensure higher financial benefits for businesses. |
| format | Article |
| id | doaj-art-cffd95c0a5194b3a9e9f34bfcf0135c9 |
| institution | Kabale University |
| issn | 2331-1886 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Social Sciences |
| spelling | doaj-art-cffd95c0a5194b3a9e9f34bfcf0135c92025-08-20T03:46:58ZengTaylor & Francis GroupCogent Social Sciences2331-18862024-12-0110110.1080/23311886.2024.2301811State ownership, board characteristics and corporate financial performance in publicy listed firms in VietnamQuang Minh Nguyen0Chien V. Nguyen1Faculty of Finance- Banking, University of Finance- Marketing, Ho Chi Minh City, VietnamInstitute of Graduate Studies, Thu Dau Mot University, Binh Duong Province, VietnamState ownership plays an important role in guiding corporate governance to achieve a number of government objectives. Therefore, using this capital can help businesses achieve high profits and growth. In addition, the characteristics of the board are also significant for increasing the profitability of the business. Using a sample data of 30 large companies with large market capitalization as well as great market influence listed on stock exchanges in Vietnam; and using the traditional regressions such as OLS, FEM and REM as well as the endogenous analysis, the research results indicated that state ownership has a positive contribution to financial performance. Moreover, larger board size is significantly consistent with higher financial performance. The study also affirmed that enterprises should choose equity instead of debt to ensure higher financial benefits for businesses.https://www.tandfonline.com/doi/10.1080/23311886.2024.2301811Board of directorsenterpriseperformancestategovernanceRobert Read, Economics, University of Lancaster, Lancaster, UK |
| spellingShingle | Quang Minh Nguyen Chien V. Nguyen State ownership, board characteristics and corporate financial performance in publicy listed firms in Vietnam Cogent Social Sciences Board of directors enterprise performance state governance Robert Read, Economics, University of Lancaster, Lancaster, UK |
| title | State ownership, board characteristics and corporate financial performance in publicy listed firms in Vietnam |
| title_full | State ownership, board characteristics and corporate financial performance in publicy listed firms in Vietnam |
| title_fullStr | State ownership, board characteristics and corporate financial performance in publicy listed firms in Vietnam |
| title_full_unstemmed | State ownership, board characteristics and corporate financial performance in publicy listed firms in Vietnam |
| title_short | State ownership, board characteristics and corporate financial performance in publicy listed firms in Vietnam |
| title_sort | state ownership board characteristics and corporate financial performance in publicy listed firms in vietnam |
| topic | Board of directors enterprise performance state governance Robert Read, Economics, University of Lancaster, Lancaster, UK |
| url | https://www.tandfonline.com/doi/10.1080/23311886.2024.2301811 |
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