Title
Government ownership and firm performance : the case of Vietnam Government ownership and firm performance : the case of Vietnam
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
Subject
Economics
Source (journal)
International Journal of Economics and Financial Issues
Volume/pages
4(2014) :3 , p. 628-650
ISSN
2146-4138
Carrier
E
Target language
English (eng)
Affiliation
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
E-info
https://repository.uantwerpen.be/docman/iruaauth/b5ddba/e80b6cf99a1.pdf
Handle