| dc.description.abstract | This thesis studies the impact of board independence on corporate
investments of non-financial companies listed on HOSE. For empirical analysis, this
study examines the financial data of 344 public companies listed between 2018 and
2022, corresponding to 1552 firm-year observations. After using the Fixed effect
model, the results show that the independent board has a negative impact on
corporate investments. In addition, other firm-specific factors such as operating cash
flows and financial leverage have a positive effect on corporate investments, whereas
the remaining factors including growth opportunity, firm size, sales, and profitability
are not statistically significant, hence they have no significant impact on corporate
investments. | en_US |
