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Title
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Government ownership and firm performance : the case of Vietnam
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Author
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Abstract
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| 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 |
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Language
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English
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Source (journal)
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International Journal of Economics and Financial Issues
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Publication
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2014
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ISSN
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2146-4138
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Volume/pages
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4
:3
(2014)
, p. 628-650
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Full text (publisher's version - intranet only)
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