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Impact of Corporate Governance on Firm Value: Empirical Evidence from Vietnam

In: Proceedings of the International Conference on Emerging Challenges: Strategic Adaptation in the World of Uncertainties (ICECH 2022)

Author

Listed:
  • Giang Tra Thi Dang

    (National Economics University, School of Accounting and Auditing)

  • Anh Nguyen Huu

    (National Economics University, School of Accounting and Auditing)

  • Thao Phuong Nguyen

    (National Economics University, School of Accounting and Auditing)

Abstract

This research investigates the impact of corporate governance on firm value by using the panel data collected from non-financial listed firms on both Ho Chi Minh Stock Exchange (HOSE) and Ha Noi Stock Exchange in Vietnam. The research sample is included 200 non-financial listed companies over the period 7 years from 2012 to 2018. The research methodology used Feasible Generalized Least Squares (FGLS) estimator to address econometric issues and to improve the accuracy of the regression coefficients. The results show that corporate governance positively impacts on the firm value of listed firms in term of board independence, the presence of female member in board, large shareholders and foreign investors. Therefore, this paper provides a new insight to managers on how to improve the firm value with corporate governance.

Suggested Citation

  • Giang Tra Thi Dang & Anh Nguyen Huu & Thao Phuong Nguyen, 2023. "Impact of Corporate Governance on Firm Value: Empirical Evidence from Vietnam," Advances in Economics, Business and Management Research, in: Tra Lam Pham & Quang Huy Pham (ed.), Proceedings of the International Conference on Emerging Challenges: Strategic Adaptation in the World of Uncertainties (ICECH 2022), pages 60-76, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-150-0_5
    DOI: 10.2991/978-94-6463-150-0_5
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