| dc.description.abstract | This research examines the impact of the number of governance directors
and the independent directors on the stock market volatilities. The research especially
concentrates on publicly traded companies in Vietnam that are owned by the state. The
report specifically examines the unique difficulties presented by the COVID-19
epidemic and analyzes a sample of 57 SOEs were traded on the Vietnam stock exchange
market in the period of six years (2017 – 2022). The investigation utilized various
robustness metrics, which included OLS regression with OLS robust, FGLS, and PCSE
techniques. The paper seeks to evaluate the complex association between governance
characteristics and equity market performance during the enormous disruptions created
by the global pandemic, using a comprehensive empirical investigation. The study
reveals a constant detrimental effect of both the board’s dimension and board’s
autonomy on the volatility of stock returns. This effect persists both before and beyond
the onset of the COVID-19 epidemic. The findings represent a substantial contribution
to the understanding of organization governance processes in public enterprises,
offering vital insights for policymakers, investors, and the government board. The
objective of this study is to elucidate the complex relationships between board
composition, non-executive board, and volatile stock returns within the framework of
the COVID-19 epidemic. Its objective is to provide guidance to decision-makers in
developing strategies to ameliorate the resilience and stability of listed SOEs | en_US |
