IDEAS home Printed from https://ideas.repec.org/a/asi/aeafrj/v5y2015i2p202-217id1332.html
   My bibliography  Save this article

Privatization of Vietnamese Firms and Its Effects on Firm Performance

Author

Listed:
  • Ngo My Tran
  • Walter Nonneman
  • Ann Jorissen

Abstract

The paper analyzes the effects of privatization on the performance of firms switching their ownership from state-owned to private-owned ownership. By using difference-in-difference with control variables and propensity score matching techniques, this study overcomes some shortcomings in previous studies on the effect of privatization on performance in transition economies such as no control of selection bias and the inadequateness to single out the privatization effect from the concurrent effects of other economic factors. We find that a shift from state or collective ownership to private ownership can consistently enhance the performance of switchers in terms of profitability. This suggests that privatization is an efficient way to improve the financial performance of Vietnamese state-owned enterprises.

Suggested Citation

  • Ngo My Tran & Walter Nonneman & Ann Jorissen, 2015. "Privatization of Vietnamese Firms and Its Effects on Firm Performance," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(2), pages 202-217.
    • Handle: RePEc:asi:aeafrj:v:5:y:2015:i:2:p:202-217:id:1332
    as

    Download full text from publisher

    File URL: https://archive.aessweb.com/index.php/5002/article/view/1332/1897
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mai, Nhat Chi, 2020. "Impact of Residual State Ownership on Privatised Firm Performance: Evidence from Vietnamese Listed Firms," OSF Preprints j78fy, Center for Open Science.
    2. Quang Minh Nguyen, 2023. "Impact of privatization on firm performance in Vietnam: A Staggered Difference-in-Differences analysis with heterogeneous treatment effects," Documentos de Trabajo EH-Valencia (DT-EHV) 2303, Economic History group at the Universitat de Valencia.
    3. , Aisdl, 2017. "Privatization of Vietnam Airlines: a successful reform or a timid policy step," OSF Preprints wknfq, Center for Open Science.
    4. Manh Hoang Nguyen & Thi Quy Vo, 2022. "Residual State Ownership and Firm Performance: A Case of Vietnam," JRFM, MDPI, vol. 15(6), pages 1-28, June.
    5. Mai, Nhat Chi, 2019. "Comparative Analysis of Trade Competitiveness between Bangladesh and Vietnam: Lessons for Bangladesh," OSF Preprints b7fkj, Center for Open Science.
    6. Nguyen Van Tan & Trinh Quoc Trung, 2019. "Listing and Firm Performance in a Transition Economy," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 9(3), pages 353-365, March.
    7. Nguyen Van Tan & Trinh Quoc Trung, 2019. "Has Equitization Actually Led to Improve Firm Performance in a Transition Economy?," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 9(3), pages 402-418, March.
    8. Mai, Nhat Chi, 2022. "Privatization of Vietnam Airlines: A successful Reform or A Timid Policy Step," OSF Preprints duwym, Center for Open Science.

    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:asi:aeafrj:v:5:y:2015:i:2:p:202-217:id:1332. 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: Robert Allen (email available below). General contact details of provider: https://archive.aessweb.com/index.php/5002/ .

    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.