Please use this identifier to cite or link to this item: https://dspace.ctu.edu.vn/jspui/handle/123456789/4439
Title: Privatization of Vietnamese firms and its effects on firm performance
Authors: Ngô, Mỹ Trân
Nonneman, Walter
Jorissen, Ann
Keywords: Privatization
Firm performance
Propensity score matching
Difference-in-difference
Selection bias
Concurrent effect
Non-random sample selection
Issue Date: 2015
Series/Report no.: Asian Economic and Financial Review;5 .- p.202-217
Abstract: The paper analyzes the effects of privatization on the performance of firms switching their ownership from state-owned to private-owned ownership. By using difference-in-difference with control variables and propensity score matching techniques, this study overcomes some shortcomings in previous studies on the effect of privatization on performance in transition economies such as no control of selection bias and the inadequateness to single out the privatization effect from the concurrent effects of other economic factors. We find that a shift from state or collective ownership to private ownership can consistently enhance the performance of switchers in terms of profitability. This suggests that privatization is an efficient way to improve the financial performance of Vietnamese state-owned enterprises.
URI: http://dspace.ctu.edu.vn/jspui/handle/123456789/4439
ISSN: 2222-6737
Appears in Collections:Tạp chí quốc tế

Files in This Item:
File Description SizeFormat 
_file_322.14 kBAdobe PDFView/Open
Your IP: 54.160.133.33


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.