Assessing the impact of corporate governance on financial performance of listed companies in Vietnam

Abstract

ABSTRACT The purpose of this paper is to develop an integrated research model and construct research hypotheses based on an extensive review of the published empirical research, theoretical foundations and financial performance measures relating to corporate governance. Literature indicates there is no ‘one size fits all’ governance mechanism. Four elements were found to be suitable for examining corporate governance. For selecting financial performance measures, the most meaningful results could be attained through a combination of ROA/ROE, Tobin’s Q, Company’s share price, alongside the CG Index.