| dc.description.abstract | To integrate into international economic, privatization becomes one of the key policy of government to attract foreign investors as well as other institutions. However, this is to bring control power for government to stable social, employment and economic development. In addition, foreign investors always seek a potential market, first and foremost developing countries. Dataset of this study is collected from annual report and financial report of listed firms on HOSE.
After analying this dataset, government ownership and foreign ownership affect positively corporate risk-taking. Although the main goals of government in investment are stable social, wage and employment, government also accepts risky investment to find more chances and get more profits for Vietnam economic. However, the main purpose of foreign ownership is maximizing profit, they always seek risky investments which are suitable with ability of companies. Moreover, based on their knowledge about professional governance skill, they also rise firm performance of the companies. | en_US |
