Women on corporate boards, stated-owned enterprises and firm performance: Evidence from Vietnam and quantile regression

Jean-Michel Sahut (), Rey Dang (), L'Hocine Houanti () and Nhu Tuyen Le ()
Additional contact information
Jean-Michel Sahut: IDRAC Business School, France
Rey Dang: ISTEC Paris, France
L'Hocine Houanti: EM Normandie Business School, France
Nhu Tuyen Le: Grenoble Ecole de Management, France

Economics Bulletin, 2020, vol. 40, issue 3, 2538-2549

Abstract: Using a unique sample of 498 non-financial companies listed on the two main Vietnamese stock exchanges between 2009 and 2014, we investigate the relationship between firm performance (FP) and women on corporate boards (WOCB), using the instrumental variable quantile regression panel data suggested by Powell (2016) to take into account heterogeneity and endogeneity issues. Compared to existing studies, we consider the Vietnamese institutional context through the weight and the role of the State. We find that, overall, WOCB have a negative influence on FP in State-owned enterprises (SOEs). This finding recognizes the importance of the State in a transactional economy, such as Vietnam, and the role of institutional context in the relationship between WOCB and FP.

Keywords: Women on corporate boards; Governance; Board of directors; Firm performance; Quantile regression (search for similar items in EconPapers)
JEL-codes: C4 G3 (search for similar items in EconPapers)
Date: 2020-09-24
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2020/Volume40/EB-20-V40-I3-P221.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-19-01136

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().