Ownership concentration, corporate risk-taking and performance: evidence from Vietnamese listed firms"

This study examines the associations of corporate governance with firm risk-taking and performance in a typical frontier equity market characterized by high ownership concentration and weak investor protection. Using an extensive sample of Vietnamese listed firms, we find (1) no relation between own...

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Tác giả chính:	Nam Hoai Tran
Đồng tác giả:	Chi Dat Le
Định dạng:	Journal Article
Ngôn ngữ:	English
Thông tin xuất bản:	Taylor & Francis Online 2020
Chủ đề:	Corporate governance Ownership structure Firm performance Risk-taking Vietnam
Truy cập trực tuyến:	http://digital.lib.ueh.edu.vn/handle/UEH/60099 https://doi.org/10.1080/23322039.2020.1732640
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spelling	oai:localhost:UEH-600992020-05-05T07:15:33Z Ownership concentration, corporate risk-taking and performance: evidence from Vietnamese listed firms" Nam Hoai Tran Chi Dat Le Corporate governance Ownership structure Firm performance Risk-taking Vietnam This study examines the associations of corporate governance with firm risk-taking and performance in a typical frontier equity market characterized by high ownership concentration and weak investor protection. Using an extensive sample of Vietnamese listed firms, we find (1) no relation between ownership concentration and firm profitability, but a non-linear relation between ownership concentration and firm valuation; and (2) that concentrated ownership increases the riskiness of accounting performance; however, there is no evidence of the linkage between concentration and the riskiness of market performance. Ultimately, our findings confirm essential differences in using the two alternatives of performance measurement. 2020-05-05T07:12:13Z 2020-05-05T07:12:13Z 2020 Journal Article 2332-2039 http://digital.lib.ueh.edu.vn/handle/UEH/60099 https://doi.org/10.1080/23322039.2020.1732640 en Cogent Economics & Finance Vol. 8, Issue 1 none Portable Document Format (PDF) 1 41 Taylor & Francis Online
institution	Đại học Kinh tế Thành phố Hồ Chí Minh
collection	DSpaceUEH
language	English
topic	Corporate governance Ownership structure Firm performance Risk-taking Vietnam
spellingShingle	Corporate governance Ownership structure Firm performance Risk-taking Vietnam Nam Hoai Tran Ownership concentration, corporate risk-taking and performance: evidence from Vietnamese listed firms"
description	This study examines the associations of corporate governance with firm risk-taking and performance in a typical frontier equity market characterized by high ownership concentration and weak investor protection. Using an extensive sample of Vietnamese listed firms, we find (1) no relation between ownership concentration and firm profitability, but a non-linear relation between ownership concentration and firm valuation; and (2) that concentrated ownership increases the riskiness of accounting performance; however, there is no evidence of the linkage between concentration and the riskiness of market performance. Ultimately, our findings confirm essential differences in using the two alternatives of performance measurement.
author2	Chi Dat Le
author_facet	Chi Dat Le Nam Hoai Tran
format	Journal Article
author	Nam Hoai Tran
author_sort	Nam Hoai Tran
title	Ownership concentration, corporate risk-taking and performance: evidence from Vietnamese listed firms"
title_short	Ownership concentration, corporate risk-taking and performance: evidence from Vietnamese listed firms"
title_full	Ownership concentration, corporate risk-taking and performance: evidence from Vietnamese listed firms"
title_fullStr	Ownership concentration, corporate risk-taking and performance: evidence from Vietnamese listed firms"
title_full_unstemmed	Ownership concentration, corporate risk-taking and performance: evidence from Vietnamese listed firms"
title_sort	ownership concentration, corporate risk-taking and performance: evidence from vietnamese listed firms"
publisher	Taylor & Francis Online
publishDate	2020
url	http://digital.lib.ueh.edu.vn/handle/UEH/60099 https://doi.org/10.1080/23322039.2020.1732640
work_keys_str_mv	AT namhoaitran ownershipconcentrationcorporaterisktakingandperformanceevidencefromvietnameselistedfirms
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Ownership concentration, corporate risk-taking and performance: evidence from Vietnamese listed firms"

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