Does the human capital of board directors add value to firms? Evidence from an Asian market
This paper investigates the effect of the human capital of directors on the financial performance of Vietnamese-listed companies. The dynamic system generalised method of moments (system GMM) estimator is used to examine a panel data-set consisting of 315 firm-year observations over a four-year peri...
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Taylor & Francis
2022
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| Truy cập trực tuyến: | http://scholar.dlu.edu.vn/handle/123456789/791 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85049159889&doi=10.1080%2f23322039.2017.1385439&partnerID=40&md5=a76ed97faf0f07b07b64624c7ff03c12 |
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oai:scholar.dlu.edu.vn:123456789-7912022-08-09T15:27:34Z Does the human capital of board directors add value to firms? Evidence from an Asian market Nguyễn, Văn Tuấn Nguyễn, Thanh Hồng Ân Locke, Stuart Reddy, Krishna Corporate Governance human capital financial performance System GMM Vietnam This paper investigates the effect of the human capital of directors on the financial performance of Vietnamese-listed companies. The dynamic system generalised method of moments (system GMM) estimator is used to examine a panel data-set consisting of 315 firm-year observations over a four-year period from 2008 to 2011. In line with resource dependence theory, we report that the human capital of directors appears to have a positive influence upon a firm’s financial performance. To the best of our knowledge, this study is the first work on the topic of human capital of directors and firm performance for publicly listed companies in Vietnam. This study, by applying a dynamic longitudinal modelling approach, extends the nascent literature on board human capital as well as more generally to the corporate governance literature by providing robust empirical evidence showing that the general human capital of board directors may add value to firms. Our finding, therefore, supports the efforts made by Vietnamese policy-makers in setting up qualification standards as well as skills diversity for the boards. 5 1 1-17 2022-08-09T15:27:28Z 2022-08-09T15:27:28Z 2017 Journal article Bài báo đăng trên tạp chí thuộc SCOPUS, bao gồm book chapter 23322039 http://scholar.dlu.edu.vn/handle/123456789/791 10.1080/23322039.2017.1385439 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85049159889&doi=10.1080%2f23322039.2017.1385439&partnerID=40&md5=a76ed97faf0f07b07b64624c7ff03c12 en Cogent Economics and Finance 2332-2039 Taylor & Francis UK |
| institution |
Thư viện Trường Đại học Đà Lạt |
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Thư viện số |
| language |
English |
| topic |
Corporate Governance human capital financial performance System GMM Vietnam |
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Corporate Governance human capital financial performance System GMM Vietnam Nguyễn, Văn Tuấn Nguyễn, Thanh Hồng Ân Locke, Stuart Reddy, Krishna Does the human capital of board directors add value to firms? Evidence from an Asian market |
| description |
This paper investigates the effect of the human capital of directors on the financial performance of Vietnamese-listed companies. The dynamic system generalised method of moments (system GMM) estimator is used to examine a panel data-set consisting of 315 firm-year observations over a four-year period from 2008 to 2011. In line with resource dependence theory, we report that the human capital of directors appears to have a positive influence upon a firm’s financial performance. To the best of our knowledge, this study is the first work on the topic of human capital of directors and firm performance for publicly listed companies in Vietnam. This study, by applying a dynamic longitudinal modelling approach, extends the nascent literature on board human capital as well as more generally to the corporate governance literature by providing robust empirical evidence showing that the general human capital of board directors may add value to firms. Our finding, therefore, supports the efforts made by Vietnamese policy-makers in setting up qualification standards as well as skills diversity for the boards. |
| format |
Journal article |
| author |
Nguyễn, Văn Tuấn Nguyễn, Thanh Hồng Ân Locke, Stuart Reddy, Krishna |
| author_facet |
Nguyễn, Văn Tuấn Nguyễn, Thanh Hồng Ân Locke, Stuart Reddy, Krishna |
| author_sort |
Nguyễn, Văn Tuấn |
| title |
Does the human capital of board directors add value to firms? Evidence from an Asian market |
| title_short |
Does the human capital of board directors add value to firms? Evidence from an Asian market |
| title_full |
Does the human capital of board directors add value to firms? Evidence from an Asian market |
| title_fullStr |
Does the human capital of board directors add value to firms? Evidence from an Asian market |
| title_full_unstemmed |
Does the human capital of board directors add value to firms? Evidence from an Asian market |
| title_sort |
does the human capital of board directors add value to firms? evidence from an asian market |
| publisher |
Taylor & Francis |
| publishDate |
2022 |
| url |
http://scholar.dlu.edu.vn/handle/123456789/791 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85049159889&doi=10.1080%2f23322039.2017.1385439&partnerID=40&md5=a76ed97faf0f07b07b64624c7ff03c12 |
| _version_ |
1768305841859985408 |