Corporate governance and firm performance: An evidence from Vietnamese companies listed on Hanoi Stock Exchange
Abstract
The paper investigates the relationship between corporate governance and the performance of listed firms in Vietnam. The research data is collected from a sample of 361 companies listed on Hanoi Stock Exchange (HNX) during the period from 2007 to 2015. Pooled Ordinary Least Squares (Pooled OLS) estimation method and Panel Fixed Effects estimation method with robust standard errors are used to estimate the impact of corporate governance on firm performance. The findings reveal that strong board and foreign ownership have significant and positive effects on the performance of firms. However, CEO duality is found to be negatively associated with the firm performance.
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