Foreign ownership and firm performances a study of non-financial companies listed in Vietnam, stock market (HOSE)
Abstract
The paper conducted a review of the relationship between foreign ownership value corporate and capital structure of the companies listed on the stock market Vietnam. The data will be collected by 840 observation. Firms in Vietnam are listed on the HCM City Stock Exchange (HOSE) in the period from year 2010 to 2014. First, Its study Pooled OLS estimates through test Test for multicollinearity, Test for heteroscedasticity, Test for autocorrelation. In addition to conducting stool regression for the whole observation, the paper also analyzes the linear and shape relationship between foreign ownership with the firm performance.
From to this result, It is similar to results found in many markets rest of the world. It give evidence showing that foreign ownership had a positive impact on corporate value. When foreign investor increase ownership. It can increase value of the firm . In addtion, there is no shape for foreign ownership on the firm performance in the Vietnam market.