Corporate governance and firm performance Vietnamese listed companies
Abstract
This paper aims to analyze the relationship between corporate goveranance
and firm performance of firms listed in Hanoi Stock Exchange and Ho Chi Minh Stock
Exchange. This paper examines 38 companies in manufacturing and trading sector
during 2009 – 2012. The study indicates that relationship of board size and firm
performance is not yet significant. The result also shows a lack of significant negative
relationship of CEO duality and the value of firm; However , from result , we also learn
that control variable such as price-to-book ratio and market capitalization have significant
positive explanatory power that influences firm performance.
Key words – corporate governance, firm performance, CEO duality, board
size, Tobin’sQ