Advanced
Please use this identifier to cite or link to this item: https://digital.lib.ueh.edu.vn/handle/UEH/55209
Full metadata record
DC FieldValueLanguage
dc.contributor.authorVo Xuan Vinh-
dc.date.accessioned2017-09-14T11:02:13Z-
dc.date.available2017-09-14T11:02:13Z-
dc.date.issued2014-
dc.identifier.issn1859 -1124-
dc.identifier.urihttp://digital.lib.ueh.edu.vn/handle/UEH/55209-
dc.identifier.urihttp://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=308c551b-c230-b2c2-3c07-87b5ca09dda3-
dc.description.abstractThe paper aims to investigate the relationship between foreign ownership and firm performance in Vietnam. We use a data set including market and accounting variables of firms listed on Ho Chi Minh Stock Exchange (HOSE) for the period from 2007 to 2012. The results show a significant correlation between foreign ownership and firm performance. The regressions on each level of foreign ownership indicate that foreign ownership is found to be significantly and positively correlated with firm performance when foreigners own between 5% and 20% of shares in firms, while a negative correlation occurs where foreign holdings are more than 20%, specially and considerably negative where the level is more than 40%; and there is no significant relationship between the two variables where foreigners own less than 5% of shares.-
dc.formatPortable Document Format (PDF)-
dc.publisherTrường Đại học Kinh tế Tp. Hồ Chí Minh-
dc.relation.ispartofJournal of Economic Development-
dc.relation.ispartofseriesJED, No. 221-
dc.subjectForeign ownership-
dc.subjectFirm performance-
dc.titleForeign ownership and firm performance evidence in Vietnam-
dc.typeJournal Article-
dc.relation.referenceAbidin, Z.Z., N.M. Kamal & K. Jusoff (2009), "Board Structure and Corporate Performance in Malaysia", International Journal of Economics and Finance, 1(1): 150-64.-
dc.relation.referenceAitken, B.J. & A. E. Harrison (1999), "Do Domestic Firms Benefit from Direct Foreign Investment? Evidence from Venezuela", The American Economic Review, 89(3): 605-18.-
dc.relation.referenceAl-Shiab, M. & A. A. Abu-Tapanjeh (2005), "Ownership Structure and Firm Performance: The Case of Jordan”, Journal of Business Administration, 1(2) 27.-
dc.relation.referenceAlonso-Bonis, S. & P.D. Andrés-Alonso (2007), “Ownership Structure and Performance in Large Spanish Companies: Empirical Evidence in the Context of an Endogenous Relation”, Corporate Ownership & Control, 4(4): 206-16.-
dc.relation.referenceAndersson, J., J. Nordwall & D. Salomonsson (2004), “The link between ownership structure and firm performance: Evidence from Sweden’s listed companies”, Goterbog University.-
dc.relation.referenceAydin, N., M. Sayim & A. Yalama (2007), “Foreign Ownership and Firm Performance: Evidence from Turkey”, International Research Journal of Finance and Economics, 11: 103-11.-
dc.relation.referenceBenfratello, L. & A. Sembenelli (2006), “Foreign Ownership and Productivity: Is the Direction of Causality so Obvious?”, International Journal of Industrial Organization, 24(4): 733-51.-
dc.relation.referenceBerle, A. & G. Means (1932) The Modern Corporation and Private Property, Harcourt, Brace and World, New York.-
dc.relation.referenceBilyk, O. (2009), “Foreign Ownership and Firm Performance: A Closer Look at Offshore-owned Companies in Ukraine”, Kyiv School of Economics.-
dc.relation.referenceBlomström, M. & F. Sjöholm (1999), “Technology Transfers and Spillovers: Does Local Participation with Multinationals Matter?”, European Economic Review, 43: 915-23.-
dc.relation.referenceBurker, M., L. Casaburi & G.A. Menerva (2009), Performance Differentials between Foreign and Domestic Firms and Contracting Institutions” Quality, University of Bologna, Italy.-
dc.relation.referenceChhibber, P. & S. Majumdar (1999), “Foreign Ownership and Profitability: Property Rights, Control and the Performance of Firms in Indian Industry”, Journal of Law and Economics, 42: 209-39.-
dc.relation.referenceCho, M.-H. (1998), “Ownership Structure, Investment, and the Corporate Value: An Empirical Analysis”, Journal of Financial Economics, 47: 103-21.-
dc.relation.referenceCornett, M.M., L. Guo, S. Khaksari & H. Tehranian (2009), “The Impact of State Ownership on Performance Differences in Privately-Owned versus State-owned Banks: An International Comparison”, Journal of Financial Intermediation, p. 21.-
dc.relation.referenceDemsetz, H. (1983), “The Structure of Ownership and the Theory of the Firm”, Journal of Law and Economics, 26(2): 375-90.-
dc.relation.referenceDemsetz, H. & K. Lehn (1985), “The Structure of Corporate Ownership: Causes and Consequences”, The Journal of Political Economy, 93(6): 1155-77.-
dc.relation.referenceDemsetz, H. & B. Villalonga (2001), “Ownership Structure and Corporate Performance”, Journal of Corporate Finance, 7: 209-33.-
dc.relation.referenceDimelis, S. & H. Louri (2002), “Foreign Ownership and Production Efficiency: A Quintile Regression Analysis”, Oxford Economic Papers, 54: 449-69.-
dc.relation.referenceDinga, A.K., R. Dixon & R. Stratling (2009), Ownership Structure and Firm Performance in the UK: Evidence from the Agency Perspective, University of Durham.-
dc.relation.referenceDoms, M. & J. Jensen (1998), “Comparing Wages, Skills, and Productivity Between Domestic and Foreign Owned Manufacturing Establishments in the United States”, in R. Baldwin, R. Lipsey & J. Richardson (eds), Geography and Ownership as Bases for Economic Accounting, University of Chicago Press.-
dc.relation.referenceDrakos, A.A. & F.V. Bekiris (2010), “Corporate Performance, Managerial Ownership and Endogeneity: A Simultaneous Equations Analysis for the Athens Stock Exchange”, Research in International Business and Finance, 24: 24-38.-
dc.relation.referenceFarooque, O.A., T.V. Zijl, K. Dunstan & A.W. Karim (2007), “Ownership Structure and Corporate Performance: Evidence from Bangladesh”, Asia-Pacific Journal of Accounting & Economics, 14: 127-50.-
dc.relation.referenceFishman, J., G. Gannon & R. Vinning (2005), “Ownership Structure and Corporate Performance: Australian Evidence”, Deakin University, Victoria, Australia.-
dc.relation.referenceForsyth, P. & L. Dwyer (1968), Impacts of Foreign Investment in Australian Tourism, vol. 10, Bureau of Tourism Research, Australia.-
dc.relation.referenceGelubcke, J.P.W. (2012), "Foreign Ownership and Firm Performance in German Services: First Evidence based on Official Statistics", Service Industries Journal, vol. ahead-of-p, no. ahead-ofp, 1-35.-
dc.relation.referenceGhahroudi, M.R. (2009), “Ownership Advantages, Foreign Investment and Performance of Multinational Companies' Subsidiaries”, doctoral dissertation, University of Tsukuba.-
dc.relation.referenceGirma, S., D. Greenaway & K. Wakelin (2001), “Who Benefits From Foreign Domestic Investment in the UK”, Scottish Journal of Political Economy, 48(2): 119-33.-
dc.relation.referenceGloberman, S., J. Ries & I. Vertinsky (1994), “The economic performance of foreign affiliates in Canada”, Canadian Journal of Economics, 27: 143-56.-
dc.relation.referenceGrant, J. & T. Kirchmaier (2004), "Corporate Ownership Structure and Performance in Europe", CEP Discussion Paper No 631, Centre for Economic Performance, London School of Economics and Political Science, London.-
dc.relation.referenceGriffith, R. (1999a), “Productivity and Foreign Ownership in the UK Car Industry”, IFS working paper 99/11.-
dc.relation.referenceGriffith, R. (1999b), “Using the ARD Establishment Data to Looking at Foreign Ownership and Productivity in the United Kingdom”, Economic Journal, 109: 416-42.-
dc.relation.referenceHake, M. (2008), Effects of Different Types of Foreign Owners on Firm Performance in Central and Eastern Europe, Austrian Institute of Economic Research (WIFO), Austria.-
dc.relation.referenceHarris, R. (2002), “Foreign Ownership and Productivity in the United Kingdom - Some Issues When Using the ARD Establishment Level Data “, Scottish Journal of Political Economy, 49: 318-35.-
dc.relation.referenceHarris, R. & C. Robinson (2003), “Foreign Ownership and Productivity in the United Kingdom: Estimates for UK Manufacturing Using the ARD”, Review of Industrial Organization, 22: 207-23.-
dc.relation.referenceHermalin, B.E. & M.S. Weisbach (1991), “The Effects of Board Composition and Direct Incentives on Firm Performance”, Financial Management, 20: 101-12.-
dc.relation.referenceHess, K., A. Gunasekarage & M. Hovey (2010), “State-dominant and Non-state-dominant Ownership Concentration and Firm Performance: Evidence from China”, Emerald Managerial Auditing Journal, 6(4): 264-89.-
dc.relation.referenceHill, C.W.L. (2009), International Business - Competing in the Global Marketplace, McGraw Hill, New York.-
dc.relation.referenceHimmelberg, C.P., R.G. Hubbard & D. Palia (1999), “Understanding the Determinants of Managerial Ownership and the Link Between Ownership and Performance”, Journal of Financial Economics, 53: 353-84.-
dc.relation.referenceHu, Y. & S. Izumida, (2008), “The Relationship between Ownership and Performance: A Review of Theory and Evidence”, International Business Research, 1(4): 72-81.-
dc.relation.referenceHu, Y. & X. Zhou, (2006), Managerial Ownership Matters for Firm Performance: Evidence from China, University of Hong Kong, and Hong Kong.-
dc.relation.referenceJiang, P. (2004), “The Relationship between Ownership Structure and Firm Performance: An Empirical Analysis over Heilongjiang Listed Companies”, Nature and Science, 2(4): 87-90.-
dc.relation.referenceKapopoulos, P. & S. Lazaretou (2007), “Corporate Ownership Structure and Firm Performance: Evidence from Greek Firms”, Corporate Governance: An International Review, 15(2): 144-58.-
dc.relation.referenceKlungland, A. & K. Sunde (2009), “The Effect of Ownership Structure on Firm Performance”,Norwegian School of Economics and Business Administration, Bergen.-
dc.relation.referenceKole, S.R. (1995), “Measuring Managerial Equity Ownership: A Comparison of Sources of Ownership Data”, Journal of Corporate Finance: Contracting, Governance and Organization 1: 413-35.-
dc.relation.referenceKuznetsov, P. & A. Muravyev (2001), Ownership Structure and Firm Performance in Russia: The Case of Blue Chips of The Stock Market, vol. 01/10, Economics Education and Research Consortium, Moscow - St.Petersburg, 98-219.-
dc.relation.referenceLaurenceson, J. & F. Qin (2008), Has Minority Foreign Investment in China's Banks Improved Their Cost Efficiency, University of Queensland, Australia.-
dc.relation.referenceLee, S. (2008), “Ownership Structure and Financial Performance: Evidence from Panel Data of South Korea”, Corporate Ownership & Control, 6(2): 25.-
dc.relation.referenceLee, S.P. & T.H. Chuang (2009), “The Determinants of Corporate Performance: A Viewpoint from Insider Ownership and Institutional Ownership”, Emerald Managerial Auditing Journal, 24(3): 233-47.-
dc.relation.referenceLisboa, I. & J.P. Esperanca (2006), Understanding the Relationship between Insider Ownership and Performance in Europe.-
dc.relation.referenceMcConnell, J.J. & H. Servaes (1990), “Additional Evidence on Equity Ownership and Corporate Value”, Journal of Financial Economics, 27: 595-612.-
dc.relation.referenceMihai, I.O. (2012), “Foreign Owned Companies and Financial Performance. A Case Study on Companies Listed on Bucharest Stock Exchange”, Economics and Applied Informatics, 1: 13-9.-
dc.relation.referenceMorck, R. & M. Nakamura (2000), “Japanese Corporate Governance and Macroeconomic Problems”, Working Paper, Harvard University.-
dc.relation.referenceMorck, R., M. Nakamura & A. Shivdasani (2000), “Banks, Ownership Structure, and Firm Value in Japan “, Journal of Business, 73(4): 539-68.-
dc.relation.referenceMorck, R., A. Shleifer & R.W. Vishny (1988), “Management Ownership and Market Valuation: An Empirical Analysis”, Journal of Financial Economics, 20(2): 293-315.-
dc.relation.referenceMudambi, R. & C. Nicosia (1998), “Ownership Structure and Firm Performance: Evidence from the UK Financial Services Industry”, Applied Financial Economics, 8: 175-80.-
dc.relation.referencePark, K. (2001), Foreign Ownership and Firm Value in Japan, University of Missouri-Columbia.-
dc.relation.referencePervan, M., I. Pervan & M. Todoric (2012), “Firm Ownership and Performance: Evidence for Croatian Listed Firms”, International Journal of Social and Human Sciences, 6: 89-95.-
dc.relation.referencePriya, P.V. & R. Shanmughan (2011), “Foreign Ownership Structure and Corporate Performance: Empirical Evidence from India”, Global Journal of Finance and Management, 3(1):15-24.-
dc.relation.referenceSun, Q. & W.H.S.Tong (2003), “China Share Issue Privatization: the Extent of its Success”, Journal of Financial Economics, 70: 183–222.-
dc.relation.referenceSun, Q., W.H.S.Tong & J. Tong (2002), “How Does Government Ownership Affect Firm Performance? Evidence from China's Privatization Experience”, Journal of Business Finance and Accounting., 29: 1-27.-
dc.relation.referenceSzép, I. (2007), “Ownership Concentration and Firm Performance on the Romanian RASDAQ Market”, Central European University, Budapest, Hungary.-
dc.relation.referenceTakii, S. (2004), “Productivity Differentials Between Local and Foreign Plants in Indonesian Manufacturing”, World Development, 32: 1957-69.-
dc.relation.referenceTemouri, Y., N. Driffield & D.A. Higon (2008), “Analysis of Productivity Differences among Foreign and Domestic Firms: Evidence from Germany”, Review of World Economics, 144(1):32-54.-
dc.relation.referenceTian, L.H. (2001), “Government shareholding and the value of China”s modern firms", Working Paper, University of London - Center for Economic Forecasting.-
dc.relation.referenceWan, K.M. (1999), Do Ownership and Firm Performance Proxies Matter? An Empirical Study of the Relation of Ownership Structure and Firm Performance, University of Texas at Dallas.-
dc.relation.referenceWelch, E. (2003), “The Relationship Between Ownership Structure and Performance in Listed Australian Companies”, Australian Journal of Management, 28(3): 287-305.-
dc.relation.referenceXu, X.N. & Y. Wang (1999), “Ownership Structure and Corporate Governance in Chinese Stock Companies", China Economic Review, 10: 75-98.-
dc.relation.referenceYasar, M. & C.J.M. Paul (2007), “Firm Performance and Foreign Direct Investment: Evidence from Transition Economies”, Economics Bulletin, 15(21): 1-11.-
dc.format.firstpage85-
dc.format.lastpage104-
item.fulltextOnly abstracts-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.cerifentitytypePublications-
item.openairetypeJournal Article-
item.grantfulltextnone-
Appears in Collections:JABES in English
Show simple item record

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.