董事会特征、国有制与企业绩效：来自越南的证据

IF 1.2 Q3 BUSINESS, FINANCE

International Journal of Managerial and Financial Accounting Pub Date : 2019-05-07 DOI:10.1504/IJMFA.2019.10021099

K. Vu, T. Pratoomsuwan

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引用次数: 7

摘要

本文考察了2008年至2014年越南上市公司董事会特征与公司绩效之间的关系，并考察了这种关系是否受到不同股权集中度水平的调节。采用一系列固定效应面板回归检验股权集中度对公司治理-公司绩效关系的影响。研究结果表明，公司治理机制的有效性对企业绩效的影响受到不同层次国家所有制的影响。这项研究的证据表明，有益于其他发达市场的公司治理体系可能不太适合新兴市场。越南的公司治理政策正在改革中，因此，其结果将为监管机构提供见解，帮助他们更好地了解公司治理实践。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Board characteristics, state ownership and firm performance: evidence from Vietnam

This paper investigates the association between board characteristics and firm performance and examine whether such relationship is moderated by different levels of ownership concentration among Vietnamese listed firms from 2008 to 2014. A series of fixed effect panel regressions was employed to test the impact of ownership concentration on corporate governance-firm performance relationship. The results indicate that the impact of an effectiveness of corporate governance mechanism on firm performance is influenced by the different levels state ownership. The evidence of this study suggests that corporate governance system that is beneficial for other developed markets may not be a good fit for emerging markets. Corporate governance policies in Vietnam are in the process of being reformed, and the results, thus, will provide insights for regulatory bodies by helping them better understand corporate governance practices.

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来源期刊

International Journal of Managerial and Financial Accounting BUSINESS, FINANCE-

CiteScore

2.10

自引率

7.10%

发文量

期刊介绍： IJMFA covers all aspects of managerial and financial accounting. The key difference between managerial and financial accounting is that managerial accounting information is aimed at helping managers within the organisation, while financial accounting is aimed at providing information to external parties. In today''s advanced manufacturing environment, various issues arise for accounting standard-setting practicing professionals. Solving the separate issues of managerial and financial accounting is a significant challenge, and IJMFA assists researchers in overcoming these challenges in an efficient, effective manner.