The effect of foreign ownership on firms’ performance : evidence from emerging Vietnam market
With globalization on the rise and emerging countries being the most attractive destinations for Foreign Direct Investment, it is becoming increasingly important to study the influence of such capital inflows on firm performance in these countries. This study takes into account 202 Vietname...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2011
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/43922 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | With globalization on the rise and emerging countries being the most attractive destinations
for Foreign Direct Investment, it is becoming increasingly important to study the influence of
such capital inflows on firm performance in these countries. This study takes into account 202
Vietnamese firms with data from the period 2007-2009 to examine the effect of foreign
ownership on the firms’ performance, using Return on Assets as the internal indicator and
Market to Book Value Ratio as the external indicator. The results from the regressions of firm
performance against the level of foreign ownership suggest a positive influence of foreign
ownership on Return on Assets. However, due to the special market conditions of the period
2007-2009, Market to Book Value ratio proved to be an unreliable measure of firm
performance from the market’s point of view. |
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