Does corporate governance influence firm performance? Quantile regression evidence from a transactional economy

被引：13

作者：

Dang, R. A. ^{[1
]}

Houanti, L. ^{[2
]}

Le, N. T. ^{[3
]}

Vu, M. -C. ^{[4
]}

机构：

[1] Univ Lorraine, ICN Business Sch, CEREFIGE, Nancy, France

[2] La Rochelle Business Sch, La Rochelle, France

[3] Grenoble Ecole Management, Grenoble, France

[4] Vietnam Univ Commerce, Hanoi, Vietnam

来源：

APPLIED ECONOMICS LETTERS | 2018年 / 25卷 / 14期

关键词：

Quantile regression; corporate governance; transactional economy; firm performance; BOARD COMPOSITION; OWNERSHIP; DETERMINANTS; MARKETS; SIZE;

D O I：

10.1080/13504851.2017.1390309

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study examines the impact of corporate governance structures on firm performance using a unique sample of 478 non-financial companies listed on the two main Vietnamese stock exchanges. Given the contrasting existing empirical results, we adopt the method of quantile regression (QR) and report some robust and significant negative relationship between board independence/Chief Executive Officer duality and firm performance. These findings seem rather corroborate the agency theory. Furthermore, the use of QR may be more insightful than estimating the mean effect of the response variable.

引用

页码：984 / 988

页数：5

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