| dc.description.abstract | Numerous factors now have a significant impact on the economy. Corporate governance stands
out among these because it has been successful in drawing attention to the significance of
society and economic stability. With the speed at which technology is developing, corporate
governance is now an essential component of any business, contributing significantly to
effective management. This might be viewed as a way to use internal dynamics to enhance and
develop businesses as well as the economy as a whole. Debates over the best ways to improve
performance have historically resulted from the way an enterprise conducts itself.
Consequently, there has been an increase of requirements for corporate governance previously.
Vietnam has had to deal with the effects of the financial recession, particularly in the current
political and economic environment. Numerous business failures and issues stemming from
the early stages of privatization are present. The economy needs more regulation to promote
stronger corporate governance standards to ensure continuous development. However, in
Vietnam, the use of new models to research the relationship between Ownership Structure and
Corporate Governance for manufacturing companies is still quite new.
Thus, using publicly available data gathered from 132 manufacturing companies in the Ho Chi
Minh Stock Exchange Market, this study aims to assess the relationship between two forms of
ownership, namely state ownership, foreign ownership, and corporate governance.
Two versions of Corporate Governance Index are used to gather and process corporate
performance data. Subsequently, the findings demonstrate a statistically significant negative
association between state ownership and corporate governance, but a favorable relationship
between foreign ownership and corporate governance | en_US |
