| dc.description.abstract | In the context of the Vietnam, the purpose of this study is to investigate the connection
that exists between four different aspects of corporate governance and the synchronicity of
stock prices. In particular, the research examines four hypotheses that propose the effects of
four essential aspects of corporate governance on the synchronicity of stock prices. These
aspects are foreign ownership, operational complexity, board size, and board independence.
These hypotheses are tested and evaluated in the study. Over the course of the next five years,
from 2017 to 2021, the research sample will consist of forty non-financial companies that are
listed on the Ho Chi Minh Stock Exchange (HOSE) in Vietnam. In order to solve econometric
problems and enhance the precision of regression coefficients, the random-effects model,
abbreviated as REM, is utilized. The findings of the study indicate that a positive connection
exists between board size and stock price synchronicity. On the other hand, foreign ownership,
operational complexity, and board independence all have a negative influence on the same
figure. The outcomes of this study provide credence to the hypothesis that a lack of
synchronicity is indicative of corporate intransparency and a poor information environment, as
well as the converse hypothesis, which states that the opposite is equally true. This study offers
a fresh perspective on stock price synchronicity and foreign ownership, as well as operational
complexity, board size, and board independence. Having a better understanding of these topics
will be beneficial to managers. | en_US |
