STAKEHOLDERS APPROACH ON CORPORATE GOVERNANCE AND PERFORMANCE OF VIETNAMESE MANUFACTURING FIRMS

Journal of Governance and Regulation

关键词: Corporate Governance;    Manufacturing Sector;    Stakeholder Theory;    Financial Institutional Block-Holders;    Incumbent Managers And Shareholders;   

DOI  :  10.22495/jgr_v6_i2_p6

学科分类：社会科学、人文和艺术（综合）

来源: Virtus Interpress

【 摘 要 】

Corporate governance is one of the most vital issues in this compound environment at present, which is indicated by the fact that the success or failure of firms strongly depends on performance of the control that board of directors and executive board, take on corporations’ activities. This issue has attracted a variety of researches worldwide, and become a popular buzz lately, however there is still limited researches on this topic in Vietnam. In this paper, we focus on manufacturing sector, one of the most important industries in Vietnam economy, which account for 41.2% of total GDP in 2012. By using stakeholder theory and Kitamura’s paper as a corner stone, a model using OLS regression and log functional form for production function, showing the relationship between some external factors and internal factors including corporate governance is built. From the result of the research, it has been found out that internal factors (corporate governance) significantly affect the firm’s performance, whereas external factors (market share) do not really show any influence. In term of production function, this manufacturing sector still benefits from an increase of capital but not that of labor.

【 授权许可】

CC BY-NC