The effects of ownership structure and corporate governance on corporate risk-taking - Empirical evidence of firms listed on HOSE

Abstract

One of the most contentious issues on the Vietnamese market is the factors that influence corporate risk-taking. Several scholars have researched factors impacting corporate risk-taking in developed countries' economies, but there have been few such studies conducted in Vietnam. This research analyzes the effect of the ownership structure and corporate governance on the corporate risk-taking of non-financial firms listed on HOSE from 2013 to 2019. A judgment study of the impact analysis through the effects of Generalized Least Squared was performed by the panel regression studies. Results suggest that both state ownership and foreign ownership have a negative effect on corporate risk-taking, consistent with previous research. And poor corporate governance leads to a rise in corporate risk-taking.