Assessing the impact of corporate governance on financial performance of listed companies in Vietnam

ABSTRACT

The purpose of this paper is to develop an integrated research model and construct research hypotheses based on an extensive review of the published empirical research, theoretical foundations and financial performance measures relating to corporate governance. Literature indicates there is no ‘one size fits all’ governance mechanism. Four elements were found to be suitable for examining corporate governance. For selecting financial performance measures, the most meaningful results could be attained through a combination of ROA/ROE, Tobin’s Q, Company’s share price, alongside the CG Index.

KEYWORDS:

• Corporate governance
• financial performance
• Vietnam listed companies
• research framework

Disclosure statement

No potential conflict of interest was reported by the author(s).

Additional information

Notes on contributors

Zoltán Krajcsák

Zoltán Krajcsák is an Associate Professor of the Department of Management at the Budapest Business School. He is a Regional Editor of the International Journal of Emergency Services, an Associate Editor of the Iranian Journal of Management Studies and a member of the Editorial Advisory Board of Management Decision. His research interests are the organizational psychology, management, and scientometrics.

Hoang Bui

Hoang Bui is a Master of Science in business with financial management at Newcastle Business School, United Kingdoms. He is now a PhD student at the Budapest Business School. He is adept in legal and compliance frameworks and in good faith of Corporate Governance and business ethics in his current research projects.

Nicholas Chandler

Nick Chandler is an Associate Professor of the Department of Management at the Budapest Business School. His current research projects involve organisational culture, entrepreneurial potential and preferred workplace culture, and shadow leadership. He is a reviewer for a number of international journals and research fellow of the Future of Higher Education Research Centre of the Budapest Business School.