| dc.description.abstract | The main purpose of this study is to investigate the relationship between Board’s
Attributes and Firm Performance, which the data is collected from 158 companies in
HoChiMinh Stock Exchange in 2013. In addition, using this sample, the moderating effect
of foreign ownership to the association of Board’s attributes and Firm performance is also
being examined.
Based on the literature review, four board’s attributes are Board size, Board
composition, CEO Duality and Board ownership; the firm performance is measured by the
Return on Equity (ROE). Although the results can’t establish the relationship between
these attributes, they also bring some suggestions. To improve the performance, firms
should increase the number of members in boards and maintain at least one-third of total
members is the independent non-executive directors. Moreover, giving a person holding
the position of CEO and Chairman, or reduce the ownership of directors also bring a better
firm performance. Finally, foreign ownership seems to have no impact on the relationship
between board’s attributes and firm performance.
In conclusion, the research still exist some shortcoming and limitation in practice,
which will need to be improved. The conclusion and recommendation are provided to help
the shareholders, management, investors and researchers have a clearer picture, and
perform effectively. | en_US |
