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  • 标题:A study on the effect of corporate governance and capital structure on firm value in Vietnam
  • 本地全文:下载
  • 作者:Vo Thi Van Khanh ; Dang Ngoc Hung ; Vu Thi Thuy Van
  • 期刊名称:Accounting
  • 印刷版ISSN:2369-7393
  • 电子版ISSN:2369-7407
  • 出版年度:2020
  • 卷号:6
  • 期号:3
  • 页码:221-230
  • DOI:10.5267/j.ac.2020.3.004
  • 出版社:Growing Science
  • 摘要:The paper examines the impact of corporate governance (CG), capital structure (CS) on firm value (FV) of firms in Vietnam. The study used different regression methods using the data collected at enterprises listed on the stock market in Vietnam over the period 2008 - 2018, with 2937 observations. The research results find that the size of the Board of Directors, the independence of the Board of Directors, the percentage of women participating in the Board of Directors had a positive influence on FV. Besides, in the case of the Chairman of the Board of Directors controlling the CEO, the frequency of the Board meeting had a negative effect on FV. The study has determined that CS has nonlinear influence on FV, in addition, the research results also prove that firm size had positive relationship to FV. The empirical research results are a useful basis to help businesses improve FV, thereby helping businesses need to consider the elements of the Board of Directors in each enterprise, determine the appropriate capital structure.
  • 关键词:Corporate governance;Capital structure; Firm value
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