Ownership Structure And Firm Performance: The Role Of Managerial Ownership In Vietnam

Abstract

This thesis has purpose to investigate how the ownership structure impact on the performance and the role of managerial ownership of Vietnam manufacturing listed firms in 2013 - 2022, especially the restructured economy period 2015 - 2021. Based on the managerial ownership ratio, we aim to investigate the impact of each ownership association on performance. The research utilized a detailed dataset consisting of 58 listed non-financial corporations on the Hanoi Stock Exchange and Ho Chi Minh Stock Exchange. The data spans from 2013 to 2022 analysing used the system generalized method of moment technique. Therefore, to ensure the validity of the data, we exclude corporations that conflict with privacy requirements or that are under special investigation by the State Securities Commission of Vietnam. Firms that have insufficient information, lack the necessary financial data for establishing variability, or exhibit unequal construction are also subjected to re-screening. The estimation findings demonstrate that all three ownership structures have a significant impact. The research recommends that Vietnamese listed companies should reduce state ownership and increase foreign ownership to enhance their performance and inspire greater confidence amongst investors