Proceedings of the International Conference on Emerging Challenges: Strategic Adaptation in The World of Uncertainties (ICECH 2022)

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Impact of Corporate Governance on Firm Value: Empirical Evidence from Vietnam

Authors
Giang Tra Thi Dang1, *, Anh Nguyen Huu1, Thao Phuong Nguyen1
1School of Accounting and Auditing, National Economics University, Hanoi, Vietnam
*Corresponding author. Email: giangtra.neu@gmail.com Email: giangdt@neu.edu.vn
Corresponding Author
Giang Tra Thi Dang
Available Online 23 May 2023.
DOI
10.2991/978-94-6463-150-0_5How to use a DOI?
Keywords
corporate governance; firm value; Tobin’s Q; Vietnam; agency theory; stewardship theory
Abstract

This research investigates the impact of corporate governance on firm value by using the panel data collected from non-financial listed firms on both Ho Chi Minh Stock Exchange (HOSE) and Ha Noi Stock Exchange in Vietnam. The research sample is included 200 non-financial listed companies over the period 7 years from 2012 to 2018. The research methodology used Feasible Generalized Least Squares (FGLS) estimator to address econometric issues and to improve the accuracy of the regression coefficients. The results show that corporate governance positively impacts on the firm value of listed firms in term of board independence, the presence of female member in board, large shareholders and foreign investors. Therefore, this paper provides a new insight to managers on how to improve the firm value with corporate governance.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Emerging Challenges: Strategic Adaptation in The World of Uncertainties (ICECH 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
23 May 2023
ISBN
10.2991/978-94-6463-150-0_5
ISSN
2352-5428
DOI
10.2991/978-94-6463-150-0_5How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Giang Tra Thi Dang
AU  - Anh Nguyen Huu
AU  - Thao Phuong Nguyen
PY  - 2023
DA  - 2023/05/23
TI  - Impact of Corporate Governance on Firm Value: Empirical Evidence from Vietnam
BT  - Proceedings of the International Conference on Emerging Challenges: Strategic Adaptation in The World of Uncertainties (ICECH 2022)
PB  - Atlantis Press
SP  - 60
EP  - 76
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-150-0_5
DO  - 10.2991/978-94-6463-150-0_5
ID  - Dang2023
ER  -