Publication
Title
Privatization of Vietnamese firms and its effects on firm performance
Author
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.
Language
English
Source (journal)
Asian Economic and Financial Review
Publication
2015
ISSN
2305-2147
2222-6737
Volume/pages
5:2(2015), p. 202-217
Full text (publishers version - intranet only)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Record
Identification
Creation 11.05.2015
Last edited 13.01.2016
To cite this reference