Foreign ownership and corporate risk-taking: Panel threshold evidence from a transactional economy

Rey Đặng, Nhu Tuyen Le, Krishna Reddy and Manh Chien Vu

Finance Research Letters, 2022, vol. 45, issue C

Abstract: This article scrutinizes the influence of foreign ownership on corporate risk-taking for 461 listed companies in Vietnam between 2012 and 2016. A regression method is employed for assessing whether a threshold influences foreign ownership interests. The findings show that foreign investment promotes corporate risk-taking up to a certain point; once past this threshold, there is little significant influence on foreign investment. The findings imply that a minimum level of foreign ownership is needed in order to have a significant effect on corporate risk-taking in Vietnam.

Keywords: Foreign ownership; Risk-taking; Threshold regression, Panel data, Vietnam (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:45:y:2022:i:c:s1544612321002622

DOI: 10.1016/j.frl.2021.102190

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