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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Những tác giả chính: Truong, Dong Loc, Ngo, My Tran
Định dạng: Bài viết
Ngôn ngữ:English
Được phát hành: University of Economics Ho Chi Minh City 2023
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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spelling 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
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