IDEAS home Printed from https://ideas.repec.org/a/aow/jowett/v3y2023i6id52.html
   My bibliography  Save this article

Corporate Governance, Firm Characteristics and Firm Performance: Empirical Evidence from Vietnam

Author

Listed:
  • The Tran HO

Abstract

The purpose of this research was to examine how corporate governance methods relate to the performance of companies in Vietnam. The study used a dataset of 85 manufacturing firms listed on the Ho Chi Minh City stock exchange (HOSE) and applied Random-Effect Model (REM) and the Feasible Generalized Least Squares Model (FGLS) method. We found that the performance of a firm is positively influenced by a CEO's age, and gender diversity in boards of directors (BOD). However, firm size and board size have a negative impact on firm performance. The research recommends that companies should not increase board size. Additionally, promoting women executives in the boardroom can bring cultural diversity benefits and reduce information asymmetry. Based on the findings, the research proposes several recommendations for companies and managers to improve performance and reduce the negative effects of poor governance mechanisms. CITE THIS PAPER: Ho, The Tran (2023). “Corporate Governance, Firm Characteristics and Firm Performance: Empirical Evidence from Vietnam.” Journal of World Economy: Transformations & Transitions (JOWETT) 3(06):25. DOI: https://doi.org/10.52459/jowett36250423

Suggested Citation

  • The Tran HO, 2023. "Corporate Governance, Firm Characteristics and Firm Performance: Empirical Evidence from Vietnam," Journal of World Economy: Transformations & Transitions, ERUDITUS, vol. 3(6).
    • Handle: RePEc:aow:jowett:v:3:y:2023:i:6:id:52
    as

    Download full text from publisher

    File URL: https://www.eruditus-journals.com/index.php/jowett/article/view/52/86
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aow:jowett:v:3:y:2023:i:6:id:52. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ana B. (email available below). General contact details of provider: https://www.eruditus-journals.com/index.php/jowett/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.