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Title: Government Ownership and Firm Performance: The Case of Vietnam
Authors: Ngô, Mỹ Trân
Nonneman, Walter
Jorissen, Ann
Keywords: Government ownership
Firm performance
Dynamic model andinteraction effect JEL Classifications
Issue Date: 2014
Series/Report no.: International Journal of Economics and Financial Issues;4 .- p.628-650
Abstract: This study extends some predictions from a game theoretical model which evaluates the net effect of government ownership on firm performance and empirically tests these predictions using a panel dataset of Vietnamese firms in the period 2004-2012. The empirical results estimated from static and dynamic models confirm our propositions of a negative effect of state ownership on firm profitability and labor productivity. Furthermore, this study documents a moderating role of firm size in the relationship between state shareholding and the performance of firms with higher state ownership in larger firms enhancing profitability and labor productivity.
ISSN: 2146-4138
Appears in Collections:Tạp chí quốc tế

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