Ownership structures impact on firm performance across industries: A study in Vietnam

Abstract

This paper aims to identify the relationship of firms’ performance and ownership structure and to identify the differences across industries. This study is conducted on listed companies on both Hochiminh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX). Information of 109 listed enterprises in 2013 is processed and regressed to use for cross-section data method. Indeed, the research would conduct assumptions tests to find out whether there are significant errors among the variables. Besides that, the firms’ performance in this study is represented Tobin’s Q and ROE. Empirical result shows the correlation between firms’ performance and ownership structure in 7 industries.