| dc.description.abstract | The research studies about the government ownership's impact on the
investment efficiency of the enterprises in the transitional market - Vietnam by using
the model of Tobin's Q about the interaction between investment spending and the
opportunities for investing as a scale. The thesis exercises the method of the linear
regressions based on OLS model with the sample data of 251 companies listed on Ho
Chi Minh Stock Exchange over the period 2015 to 2019. The empirical results indicate
that there is no relationship between firm investment spending and investment
opportunities in state-owned enterprises (SOEs). Beside that, in non state-owned
enterprises (non-SOEs), this relationship exists at a positively minimal level. In
addition, the results also show the negative relationship between leverage and firm's
investment spending in Vietnam. Separately, to SOEs, there is a negative association
between net operating cash flow and investment expenditure while in non-SOEs, there
is a negative link between firm's size and funds for investing. | en_US |
