1 |
McConnell, J. J., & Servaes, H. (1990). Additional evidence on equity ownership and corporate value. Journal of Financial Economics, 27(2), 595-612. doi:10.1016/0304-405X(90)90069-C
DOI
|
2 |
McKnight, P. J., & Weir, C. (2009). Agency costs, corporate governance mechanisms and ownership structure in large UK publicly quoted companies: A panel data analysis. Quarterly Review of Economics and Finance, 49(2), 139-158. doi:10.1016/j.qref.2007.09.008
DOI
|
3 |
Megginson, W. L., Nash, R. C., & Randenborgh, M. (1994). The financial and operating performance of newly privatized firms: An international empirical analysis. Journal of Finance, 49(2), 403-452. doi:10.1111/j.1540-6261.1994.tb05147.x
DOI
|
4 |
Megginson, W. L., & Netter, J. M. (2001). From state to market: A survey of empirical studies on privatization. Journal of Economic Literature, 39(2), 321-389. doi:10.1257/jel.39.2.321
DOI
|
5 |
Mohamed, S. (2020). Resource Use Efficiency of Electricity Sector in the Maldives. Journal of Asian Finance, Economics and Business, 7(1), 111-121. https://doi.org/10.13106/jafeb.2020.vol7.no1.111
|
6 |
Ngo, M. T., Nonneman, W., & Jorissen, A. (2014). Government ownership and firm performance: The case of Vietnam. International Journal of Economics and Financial Issues, 4(3), 628-650.
|
7 |
Ngo, M. T., Nonneman, W., & Jorissen, A. (2015). Privatization of Vietnamese firms and its effects on firm performance. Asian Economic and Financial Review, 5(2), 202-217. doi:10.18488/journal.aefr/2015.5.2/102.2.202.217
DOI
|
8 |
Nguyen, G. X., & Swanson, P. E. (2009). Firm characteristics, relative efficiency, and equity returns. Journal of Financial and Quantitative Analysis, 44(1), 213-236. doi:10.1017/S0022109009090012
DOI
|
9 |
Nguyen, P. A., Nguyen, A. H., Ngo, T. P., & Nguyen, P. V. (2019). The Relationship between Productivity and Firm's Performance: Evidence from Listed Firms in Vietnam Stock Exchange. Journal of Asian Finance, Economics and Business, 6(3), 131-140. https://doi.org/10.13106/jafeb.2019.vol6.no3.131
DOI
|
10 |
Phung, D. N., & Mishra, A. V. (2016). Ownership structure and firm performance: Evidence from Vietnamese listed firms. Australian Economic Papers, 55(1), 63-98. doi:10.1111/1467-8454.12056
DOI
|
11 |
Sheshinski, E., & Lopez-Calva, L. (2003). Privatization and its benefits: Theory and evidence. CESifo Economic Studies, 49(3), 429-460. doi:10.1093/cesifo/49.3.429
DOI
|
12 |
Shleifer, A., & Vishny, R. W. (1997). A survey of corporate governance (Vol. 52, pp. 737-783).
|
13 |
Shleifer, A., & Vishny, R. W. (1998). The grabbing hand : government pathologies and their cures. Cambridge, MA: Harvard University Press.
|
14 |
Stock, J. H., & Yogo, M. (2002). Testing for weak instruments in linear IV regression.
|
15 |
Singh, M., & Davidson III, W. N. (2003). Agency costs, ownership structure and corporate governance mechanisms. Journal of Banking and Finance, 27(5), 793-816. doi:10.1016/S0378-4266(01)00260-6
DOI
|
16 |
Souza, J., Megginson, W., & Nash, R. (2005). Effect of institutional and firm-specific characteristics on post-privatization performance: Evidence from developed countries. Journal of Corporate Finance, 11(5), 747-766. doi:10.1016/j.jcorpfin.2004.12.001
DOI
|
17 |
Souza, J., & Megginson, W. L. (1999). The financial and operating performance of privatized firms during the 1990s. Journal of Finance, 54(4), 1397-1438. doi:10.1111/0022-1082.00150
DOI
|
18 |
Tian, L., & Estrin, S. (2008). Retained state shareholding in Chinese PLCs: Does government ownership always reduce corporate value? Journal of Comparative Economics, 36(1), 74-89. doi:10.1016/j.jce.2007.10.003
DOI
|
19 |
Vo, T. Q., Swierczek, F., & Nguyen, D. K. (2013). Corporate performance of privatized firms in Vietnam. Journal of Applied Business Research, 29(5), 1437. doi:10.19030/jabr.v29i5.8025
DOI
|
20 |
Aigner, D., Lovell, C., & Schmidt, P. (1977). Formulation and estimation of stochastic frontier production function models. Journal of Econometrics, 6(1), 21-37. Retrieved from https://EconPapers.repec.org/RePEc:eee:econom:v:6:y:1977:i:1:p:21-37
DOI
|
21 |
Ang, J. S., Cole, R. A., & Lin, J. W. (2000). Agency costs and ownership structure. Journal of Finance, 55(1), 81-106. doi:10.1111/0022-1082.00201
DOI
|
22 |
Battese, G., & Coelli, T. (1995). A model for technical inefficiency effects in a stochastic frontier production function for panel data. Empirical Economics, 20(2), 325-332. doi:10.1007/BF01205442
DOI
|
23 |
Bennedsen, M. (2000). Political ownership. Journal of Public Economics, 76(3), 559-581. doi:10.1016/S0047-2727(99)00096-1
DOI
|
24 |
Boycko, M., Shleifer, A., & Vishny, R. W. (1996). A theory of privatisation. The Economic Journal, 106(435), 309-319. doi:10.2307/2235248
DOI
|
25 |
Bhagat, S., & Bolton, B. (2008). Corporate governance and firm performance. Journal of Corporate Finance, 14(3), 257-273. doi:https://doi.org/10.1016/j.jcorpfin.2008.03.006
DOI
|
26 |
Boubakri, N., Cosset, J.-C., & Guedhami, O. (2005). Postprivatization corporate governance: The role of ownership structure and investor protection. Journal of Financial Economics, 76(2), 369-399. doi:10.1016/j.jfineco.2004.05.003
DOI
|
27 |
Boubakri, N., El Ghoul, S., Guedhami, O., & Megginson, W. L. (2018). The market value of government ownership. Journal of Corporate Finance, 50, 44-65. doi:10.1016/j.jcorpfin.2017.12.026
DOI
|
28 |
Chang, H.-J. (2007). State-Owned Enterprise Reform. Retrieved from https://EconPapers.repec.org/RePEc:une:pnotes:4
|
29 |
Coelli, T., Rao, D. S., O'Donnell, C., & Battese, G. (2005). An Introduction to Efficiency and Productivity Analysis.
|
30 |
Kornai, J. (1986). The soft budget constraint. Kyklos, 39(1), 3-30. doi:10.1111/j.1467-6435.1986.tb01252.x
DOI
|
31 |
Hoang, L. T., Nguyen, C. C., & Hu, B. (2017). Ownership structure and firm performance improvement: Does it matter in the Vietnamese stock market? Economic Papers: A Journal of Applied Economics and Policy, 36(4), 416-428. doi:10.1111/1759-3441.12185
DOI
|
32 |
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: managerial behavior, agency costs and ownership structure.
|
33 |
Cornett, M. M., Marcus, A. J., Saunders, A., & Tehranian, H. (2007). The impact of institutional ownership on corporate operating performance. Journal of Banking and Finance, 31(6), 1771-1794. doi:10.1016/j.jbankfin.2006.08.006
DOI
|
34 |
Dang, H. N., Nguyen, T. T. C., & Tran, D. M. (2020). The Impact of Earnings Quality on Firm Value: The Case of Vietnam. Journal of Asian Finance, Economics and Business, 7(3), 63-72. https://doi.org/10.13106/jafeb.2020.vol7.no3.63
DOI
|
35 |
Dharwadkar, R., George, G., & Brandes, P. (2000). Privatization in emerging economies: An agency theory perspective. The Academy of Management Review, 25, 650-669. doi:10.2307/259316
DOI
|
36 |
Elyasiani, E., & Jia, J. (2010). Distribution of institutional ownership and corporate firm performance. Journal of Banking and Finance, 34(3), 606-620. doi:10.1016/j.jbankfin.2009.08.018
DOI
|
37 |
Greene, W. H. (2012). The econometric approach to efficiency analysis,. In The Measurement of Productive Efficiency and Productivity Growth. New York, NY: Oxford University Press.
|
38 |
Haider, Z. A., Liu, M., Wang, Y., & Zhang, Y. (2018). Government ownership, financial constraint, corruption, and corporate performance: International evidence. Journal of International Financial Markets, Institutions & Money, 53, 76-93. doi:10.1016/j.intfin.2017.09.012
DOI
|
39 |
Kumbhakar, S., Ortega-Argiles, R., Potters, L., Vivarelli, M., & Voigt, P. (2012). Corporate R&D and firm efficiency: evidence from Europe's top R&D investors. Journal of Productivity Analysis, 37(2), 125-140. doi:10.1007/s11123-011-0223-5
DOI
|
40 |
Laffont, J., & Tirole, J. (1991). Privatization and incentives. Journal of Law, Economics, & Organization, 7, 84-105.
DOI
|
41 |
Lin, Y. R., & Fu, X. M. (2017). Does institutional ownership influence firm performance? Evidence from China. International Review of Economics & Finance, 49, 17-57. doi:10.1016/j.iref.2017.01.021
DOI
|
42 |
Le, M. D., Pieri, F., & Zaninotto, E. (2019). From central planning towards a market economy: The role of ownership and competition in Vietnamese firms’ productivity. Journal of Comparative Economics, 47(3), 693-716. doi:https://doi.org/10.1016/j.jce.2019.04.002
DOI
|
43 |
Le, T. P. V., & Phan, T. B. N. (2017). Capital structure and firm performance: Empirical evidence from a small transition country. Research in International Business and Finance, 42, 710-726. doi:10.1016/j.ribaf.2017.07.012
DOI
|
44 |
Li, K., Yue, H., & Zhao, L. (2009). Ownership, institutions, and capital structure: Evidence from China. Journal of Comparative Economics, 37(3), 471-490. doi:10.1016/j.jce.2009.07.001
DOI
|
45 |
Liu, N., Wang, L., Zhang, M., & Zhang, W. (2012). Government intervention and executive compensation contracts of stateowned enterprises: empirical evidence from China. Journal of Chinese Economic and Business Studies, 10(4), 391-411. doi:10.1080/14765284.2012.724983
DOI
|
46 |
Loc, T. D., Lanjouw, G., & Lensink, R. (2006). The impact of privatization on firm performance in a transition economy. Economics of Transition, 14(2), 349-389. doi:10.1111/j.1468-0351.2006.00251.x
DOI
|
47 |
Manzur Quader, S., & Dietrich, M. (2014). Corporate efficiency in the UK: a stochastic frontier analysis. International Journal of Productivity and Performance Management, 63(8), 991-1011. doi:10.1108/IJPPM-07-2013-0125
DOI
|