Title
Privatization of Vietnamese firms and its effects on firm performancePrivatization of Vietnamese firms and its effects on firm performance
Author
Faculty/Department
Faculty of Applied Economics
Research group
Accountancy and Finance
Economics
Publication type
article
Publication
Subject
Economics
Source (journal)
Asian Economic and Financial Review
Volume/pages
5(2015):2, p. 202-217
ISSN
2305-2147
2222-6737
Carrier
E
Target language
English (eng)
Affiliation
University of Antwerp
Abstract
The paper analyzes the effects of privatization on the performance of firms switching their ownership from state-owned to private-owned ownership. By using difference-in-difference with control variables and propensity score matching techniques, this study overcomes some shortcomings in previous studies on the effect of privatization on performance in transition economies such as no control of selection bias and the inadequateness to single out the privatization effect from the concurrent effects of other economic factors. We find that a shift from state or collective ownership to private ownership can consistently enhance the performance of switchers in terms of profitability. This suggests that privatization is an efficient way to improve the financial performance of Vietnamese state-owned enterprises.
E-info
https://repository.uantwerpen.be/docman/iruaauth/3ef043/48d9919.pdf
Handle