Effects of Corporate Governance on the Performance of Private Economic Groups in Vietnam

Canh Le, Kwang Soo Kim and Yu Yi

MPRA Paper from University Library of Munich, Germany

Abstract: Using the unique combined dataset of three previous surveys, this paper examines the effects of corporate governance on the performance of large private interprises in Vietnam. Five measures of corporate governance and three variable proxies for performance are employed to investigate effects of corporate governance on performance. Estimated results show that Chair-CEO duality positively correlates with better performance, and increasing the size of the board of directors is negatively associated with worse performance regardless of performance measures. These empirical effects are the same across sectors, export and import–related enterprises, and between female and male CEO enterprises. Independence of the board has no link to performance of enterprises. Such results contribute to the extant literature by providing empirical evidence and shedding light on understanding the effects of corporate governance on the performance of large private enterprises in Vietnam.

Keywords: Corporate Governance; Private Enterprise; Firm Performance; Vietnam (search for similar items in EconPapers)
JEL-codes: L25 M10 (search for similar items in EconPapers)
Date: 2014, Revised 2014
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Published in Journal of International Trade & Commerce 10.6(2014): pp. 39-56

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:81062

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