Ownership structure, governance and stock liquidity in vietnam
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Ownership structure, governance and stock liquidity in vietnam
Ownership structure, governance and stock liquidity in vietnam
OWNERSHIP STRUCTURE, GOVERNANCEAND STOCK LIQUIDITY IN VIETNAMLe Thi Ngoc LanBachelor of Economics. Economics University of Ho Chi Minh CityMaster of E Ownership structure, governance and stock liquidity in vietnam Economics, Economics University of Ho Chi Minh CitySubmitted in fulfilment of the requirements for the degree of Doctor of PhilosophyThe School of Economics and Finance QUT Business School Queensland University of Technology Brisbane, Australia 2018Keywords and Abbreviations•Agency Costs•Adverse Sel Ownership structure, governance and stock liquidity in vietnam ection•Block Ownership•Corporate Governance•Domestic Institution•Foreign Institution•Family Firms•Ha Noi Stock Exchange (HNX)•Ho Chi Minh Stock ExchanOwnership structure, governance and stock liquidity in vietnam
ge (HOSE)•Information Asymmetry•Institutional Ownership•Organisation for Economic Co-operation and Development (OECD)•State Owned Enterprises (SOEs)•SOWNERSHIP STRUCTURE, GOVERNANCEAND STOCK LIQUIDITY IN VIETNAMLe Thi Ngoc LanBachelor of Economics. Economics University of Ho Chi Minh CityMaster of E Ownership structure, governance and stock liquidity in vietnam ecent years. In this thesis. I extend existing inquiries to address three related research questions: i) What is the impact of linns’ ownership concentration on slock liquidity?; ii) Does the identity of the lop five largest sliarcholdcrs matter to slock liquidity?; and iii) Does corporate governanc Ownership structure, governance and stock liquidity in vietnam e play an important role in determining stock liquidin-?The empirical tests of my research are premised on the adverse selection and agency theories.Ownership structure, governance and stock liquidity in vietnam
My sample consists of 655 unique firms listed on the two Vietnamese stock exchanges. Ho Chi Minh Stock Exchange and Ha Noi Stock Exchange, from 2007 tOWNERSHIP STRUCTURE, GOVERNANCEAND STOCK LIQUIDITY IN VIETNAMLe Thi Ngoc LanBachelor of Economics. Economics University of Ho Chi Minh CityMaster of E Ownership structure, governance and stock liquidity in vietnam liquidity. While funis whose controlling owners belong to the state or family have lower liquidity, firms with higher institutional ownership have higher liquidity. Contrary to previous studies in developed countries, I do not find evidence showing that corporate governance promotes slock liquidity Ownership structure, governance and stock liquidity in vietnam in the Vietnamese market. In examining the interactions between that the marginal effect of corporate governance (CEO duality, Big 4 auditor, and indeOwnership structure, governance and stock liquidity in vietnam
pendent board) on liquidity in the relation with block owners. I reveal that in the environment of highly concentrated ownership, duality impairs stocOWNERSHIP STRUCTURE, GOVERNANCEAND STOCK LIQUIDITY IN VIETNAMLe Thi Ngoc LanBachelor of Economics. Economics University of Ho Chi Minh CityMaster of E Ownership structure, governance and stock liquidity in vietnam ffect stock liquidity.IVTable of ContentsKeywords and Abbreviations.................................iiAbstract..................................................iiiTable of Contents...........................................V Ownership structure, governance and stock liquidity in vietnam OWNERSHIP STRUCTURE, GOVERNANCEAND STOCK LIQUIDITY IN VIETNAMLe Thi Ngoc LanBachelor of Economics. Economics University of Ho Chi Minh CityMaster of EGọi ngay
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