Business, Management and Accounting
4 years ago

State ownership hinders, foreign ownership boosts firm performance in Vietnam.

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Corporate ownership and firm performance in emerging market : a study of Vietnamese listed firms
Duc Nam Phung, Thi Phuong Thao Hoang

Paper Summary

The study looked at how different types of ownership (state and foreign) affect the performance of companies in Vietnam. They used data from stock exchanges in Ho Chi Minh City and Hanoi between 2007 and 2012. The results showed that when ownership is concentrated, state ownership tends to lower firm performance, while foreign ownership tends to enhance firm performance.

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