The Relationship between Ownership Structure, Supervision Mechanism and Firm Performance: An Empirical Study in Vietnamese Listed Firms

碩士 === 南台科技大學 === 企業管理系 === 98 === Nowadays, corporate governance becomes more and more important in managing efficiently firms especially after the Asia crisis in 1997 and the world wide crisis from 2008 until now. Corporate governance has been researched since the early of 20th century by philosop...

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Bibliographic Details
Main Authors: LE THI HONG MINH, 黎氏紅明
Other Authors: LIN YI HUA
Format: Others
Language:en_US
Published: 2010
Online Access:http://ndltd.ncl.edu.tw/handle/54450944798565508121
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Summary:碩士 === 南台科技大學 === 企業管理系 === 98 === Nowadays, corporate governance becomes more and more important in managing efficiently firms especially after the Asia crisis in 1997 and the world wide crisis from 2008 until now. Corporate governance has been researched since the early of 20th century by philosophers, and studied deeply and more populated all over the world. Combining with sharply problems in economy, corporate governance is considered like the effective method to establish the basic qualification and improves the economy from inside. At the present, corporate governance is the new issue in Vietnam and has not yet many academic researches about this topic. Moreover, Vietnam economy is in the change stage from State owned to privatization, it requires update regulation to support for this one and get healthier economy. This stage faces a lot of difficulties from both subjective and objective factors. Structures of company, the effective management seem like the priority requirements to reach unshakeable improvement. Cause of these reasons, research about corporate governance play considerately role in the development and integration period of Vietnam nowadays. Corporate governance is studied in many issues, solves a lot of problems in firms to get better performance. In this study examines about the relationship between the ownership structure, board composition and the firm performance in Vietnam. Data are collected from the Vietnam listed firms in stock market from 2006 to 2008. Using software to test the research framework and hypothesis, and analyze the data through t-test, descriptive analysis, correlation coefficients, and regression analysis. The result shows that cause of specific characters in Vietnam, most parts in ownership structure are strongly significant and positive to firm performance cause of specific economy such as state ownership, major shareholders, manager, and institutional ownership. Board composition is less significant and correlated to firm performance than the former part.