Government Ownership and Firm Performance: the Case of Vietnam


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Authors

  • Ngo My Tran University of Antwerp
  • Walter Nonneman University of Antwerp
  • Ann Jorissen University of Antwerp

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 data 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. Keywords: government ownership; firm performance; dynamic model and interaction effect JEL Classifications: H11; P27

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Published

2014-07-14

How to Cite

Tran, N. M., Nonneman, W., & Jorissen, A. (2014). Government Ownership and Firm Performance: the Case of Vietnam. International Journal of Economics and Financial Issues, 4(3), 628–650. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/827

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