Corporate Restructuring in Vietnam: An Analysis of Asset Restructuring

Corporate restructuring is likely to be approached from various aspects. In this paper and in the context of Vietnam, it is inspected via asset restructuring. Using both financial and non-financial indicators of 226 listed firms on Hochiminh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) over...

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Những tác giả chính: Su, Dinh Thanh, Doan, Vu Nguyen, Bui, Thanh Trung
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=01c3bd08-9271-4e5d-a863-79ccad970076
http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115503
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spelling oai:scholar.dlu.edu.vn:DLU123456789-1155032023-03-08T03:56:34Z Corporate Restructuring in Vietnam: An Analysis of Asset Restructuring Su, Dinh Thanh Doan, Vu Nguyen Bui, Thanh Trung Corporate restructuring is likely to be approached from various aspects. In this paper and in the context of Vietnam, it is inspected via asset restructuring. Using both financial and non-financial indicators of 226 listed firms on Hochiminh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) over the 2007–2014 period, this paper investigates: (i) the determinants of corporate restructuring in Vietnam; and (ii) the effects of corporate restructuring on corporate performance. Empirical findings show that: (i) the fact that an enterprise conducts its restructuring plans primarily depends on its performance, and ownership concentration has a negative impact on the process of restructuring; (ii) a board with the presence of outside directors has positive and statistically significant effects on the performance of the firm, and foreign holdings lead to subsequent performance improvement. 2023-03-08T03:56:34Z 2023-03-08T03:56:34Z 2016 Article 2615-9112 http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=01c3bd08-9271-4e5d-a863-79ccad970076 http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115503 10.24311/jabes/2016.23.3.04 en Journal of Asian Business and Economic Studies, Volume 23, Issue 03; p. 02-35 application/pdf University of Economics Ho Chi Minh City
institution Thư viện Trường Đại học Đà Lạt
collection Thư viện số
language English
description Corporate restructuring is likely to be approached from various aspects. In this paper and in the context of Vietnam, it is inspected via asset restructuring. Using both financial and non-financial indicators of 226 listed firms on Hochiminh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) over the 2007–2014 period, this paper investigates: (i) the determinants of corporate restructuring in Vietnam; and (ii) the effects of corporate restructuring on corporate performance. Empirical findings show that: (i) the fact that an enterprise conducts its restructuring plans primarily depends on its performance, and ownership concentration has a negative impact on the process of restructuring; (ii) a board with the presence of outside directors has positive and statistically significant effects on the performance of the firm, and foreign holdings lead to subsequent performance improvement.
format Article
author Su, Dinh Thanh
Doan, Vu Nguyen
Bui, Thanh Trung
spellingShingle Su, Dinh Thanh
Doan, Vu Nguyen
Bui, Thanh Trung
Corporate Restructuring in Vietnam: An Analysis of Asset Restructuring
author_facet Su, Dinh Thanh
Doan, Vu Nguyen
Bui, Thanh Trung
author_sort Su, Dinh Thanh
title Corporate Restructuring in Vietnam: An Analysis of Asset Restructuring
title_short Corporate Restructuring in Vietnam: An Analysis of Asset Restructuring
title_full Corporate Restructuring in Vietnam: An Analysis of Asset Restructuring
title_fullStr Corporate Restructuring in Vietnam: An Analysis of Asset Restructuring
title_full_unstemmed Corporate Restructuring in Vietnam: An Analysis of Asset Restructuring
title_sort corporate restructuring in vietnam: an analysis of asset restructuring
publisher University of Economics Ho Chi Minh City
publishDate 2023
url http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=01c3bd08-9271-4e5d-a863-79ccad970076
http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115503
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