Corporation diversification and firm performance: evidence from Vietnamese listed firms
We examine the effect of corporate diversification on the performance of firms listed on the Vietnamese stock exchanges, using 2744 firm year observations over the period from 2007 to 2012. We find that corporate diversification has a negative impact on firm performance. Our results are robust to va...
Lưu vào:
| Tác giả chính: | |
|---|---|
| Đồng tác giả: | |
| Định dạng: | Conference Paper |
| Ngôn ngữ: | English |
| Thông tin xuất bản: |
2017
|
| Chủ đề: | |
| Truy cập trực tuyến: | http://onlinelibrary.wiley.com/doi/10.1111/1467-8454.12083/full http://digital.lib.ueh.edu.vn/handle/UEH/56577 https://doi.org/10.1111/1467-8454.12083 |
| Từ khóa: |
Thêm từ khóa bạn đọc
Không có từ khóa, Hãy là người đầu tiên gắn từ khóa cho biểu ghi này!
|
| Tóm tắt: | We examine the effect of corporate diversification on the performance of firms listed on the Vietnamese stock exchanges, using 2744 firm year observations over the period from 2007 to 2012. We find that corporate diversification has a negative impact on firm performance. Our results are robust to various econometric estimation techniques including fixed effect, instrumental fixed effect, Heckman selection model and system generalised method of moments. In the Vietnamese context, the lack of an efficient corporate governance system may encourage firms to follow corporate diversification strategies, thus impairing their performance. |
|---|