COVID-19 and listed firms' performance under moderating role of ownership in Vietnam

Quoc Trung Nguyen Kim

International Journal of Procurement Management, 2024, vol. 20, issue 4, 524-536

Abstract: This paper aims to examine the effect of COVID-19 on the performance of listed firms in Vietnam from 2012 to 2022, with ownership acting as a moderator. The study contributes significantly to the existing literature by employing agency theory and real options theory to explore the impact of COVID-19 on firm performance under uncertain conditions. Additionally, the study emphasises the moderating role of ownership in the relationship between COVID-19 and performance. Performing a quantitative research method, specifically the feasible generalised least squares (FGLS) method, the findings reveal that the following variables are statistically significant at a 5% level: COVID-19, ownership, firm size, inflation rate, and an interaction term. These findings address the research gap in the Vietnamese context during the pandemic and demonstrate a positive relationship between the COVID-19 and firms' performance, moderated by ownership.

Keywords: COVID-19; firm's performance; listed firms; moderating factor; ownership; Vietnam. (search for similar items in EconPapers)
Date: 2024
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