Impact of Equitization on Performance of Enterprises in Vietnam
The main objective of this study is to measure the impact of equitization on firm performance in Vietnam. The dataset, retrieved from the survey on enterprises conducted by the General Statistics Office of Vietnam (GSO), consists of 301 equitized state-owned firms and 127 unequitized state-owned fir...
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University of Economics Ho Chi Minh City
2023
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| Truy cập trực tuyến: | http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=cfbe65f6-df1b-4560-8552-34f008248e43 http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115501 |
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oai:scholar.dlu.edu.vn:DLU123456789-1155012023-03-08T03:56:33Z Impact of Equitization on Performance of Enterprises in Vietnam Truong, Dong Loc Ngo, My Tran The main objective of this study is to measure the impact of equitization on firm performance in Vietnam. The dataset, retrieved from the survey on enterprises conducted by the General Statistics Office of Vietnam (GSO), consists of 301 equitized state-owned firms and 127 unequitized state-owned firms during the period from 2007 to 2010. By using propensity score matching (PSM) combined with difference in differences (DID) approach, we find that equitization has positive impacts on the ratio of income before tax to total assets and the ratio of income before tax to sales. Moreover, this study reveals that debt ratio, total asset turnover, and the number of employees have significantly decreased after equitization. However, no evidence is found regarding the effect of equitization on productivity of equitized firms. 2023-03-08T03:56:33Z 2023-03-08T03:56:33Z 2016 Article 2615-9112 http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=cfbe65f6-df1b-4560-8552-34f008248e43 http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115501 10.24311/jabes/2016.23.3.02 en Journal of Asian Business and Economic Studies, Volume 23, Issue 03; p. 36-56 application/pdf University of Economics Ho Chi Minh City |
| institution |
Thư viện Trường Đại học Đà Lạt |
| collection |
Thư viện số |
| language |
English |
| description |
The main objective of this study is to measure the impact of equitization on firm performance in Vietnam. The dataset, retrieved from the survey on enterprises conducted by the General Statistics Office of Vietnam (GSO), consists of 301 equitized state-owned firms and 127 unequitized state-owned firms during the period from 2007 to 2010. By using propensity score matching (PSM) combined with difference in differences (DID) approach, we find that equitization has positive impacts on the ratio of income before tax to total assets and the ratio of income before tax to sales. Moreover, this study reveals that debt ratio, total asset turnover, and the number of employees have significantly decreased after equitization. However, no evidence is found regarding the effect of equitization on productivity of equitized firms. |
| format |
Article |
| author |
Truong, Dong Loc Ngo, My Tran |
| spellingShingle |
Truong, Dong Loc Ngo, My Tran Impact of Equitization on Performance of Enterprises in Vietnam |
| author_facet |
Truong, Dong Loc Ngo, My Tran |
| author_sort |
Truong, Dong Loc |
| title |
Impact of Equitization on Performance of Enterprises in Vietnam |
| title_short |
Impact of Equitization on Performance of Enterprises in Vietnam |
| title_full |
Impact of Equitization on Performance of Enterprises in Vietnam |
| title_fullStr |
Impact of Equitization on Performance of Enterprises in Vietnam |
| title_full_unstemmed |
Impact of Equitization on Performance of Enterprises in Vietnam |
| title_sort |
impact of equitization on performance of enterprises in vietnam |
| publisher |
University of Economics Ho Chi Minh City |
| publishDate |
2023 |
| url |
http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=cfbe65f6-df1b-4560-8552-34f008248e43 http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115501 |
| _version_ |
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