| dc.description.abstract | The research studies stock ownership in Vietnamese listed firms in Ho Chi
Minh Stock Exchange by foreign investors from 2010 to 2013. The firm specific
characteristics studied are firm size, turnover rate, dividend yield, beta, leverage ratio,
current ratio, book-to-market ratio, P/E, ROE, audit quality, audit opinion and
exporting firms. The analysis shows that foreign investors prefer large firms with
high systematic risk, low book-to-market ratio, turnover rate and dividend yield.
Besides, they also show a preference toward exporting firms and firms have high
audit quality. In term of industry, foreign investments are allocated more in
Pharmaceuticals, Real estate, Constructions, Manufacture, Electric equipment and
technological devices, Mining and Agriculture. In term of investing strategy, in the
period 2010-2013, they applied buy-and-hold strategy. | en_US |
