MANAGERIAL OWNERSHIP AND THE PERFORMANCE OF FIRMS: EVIDENCE FROM VIETNAMESE FIRM LISTED ON HOSE

• DOI: 10.32508/stdj.v14i2.1936
• Publication Date: 2020-03-29T14:13:11Z
• Authors: Tri Minh Tran; Hung Nhu Duong
• Keywords: Value (mathematics)

Based on the data collected from 126 companies listed HCM city Stock Exchange (HOSE) during period 2006 - 2009, this empirical study investigates relationship between managerial ownership and corporate performance. It is found that there a strong non-linear performance ownership. The varies directly with when ratio less than 59.1%. However, over 59.1%, inversely nonlinear result of interactions alignment interests entrenchment: below certain value, managers have more incentive to work if they stakes in firm. high enough, use increased power advance their own rather shareholders (managerial entrenchment).