Tác động của quản trị công ty đến mức độ chấp nhận rủi ro của các doanh nghiệp niêm yết trên thị trường chứng khoán Việt Nam

Abstract

The study investigates how corporate governance’s internal factors impacts on the risk- taking degrees of Vietnamese listed companies. The researcher employed analyses of panel data and testing pooled least squares model, fixed effects model, random effects model, performed testing and selected appropriate models, checked the defects and fixed the defects of the selected model using the feasible least estimator method. The data used in this study are collected from corporate governance reports and financial statements of companies listed on the Vietnamese stock market from 2010 to 2021. The study shows that: Board size, duality, foreign ownership and owned by the board of directors have a positive impact on the level of risk- taking of Vietnamese listed enterprises; State ownership and the independence of the board of directors have a negative effect on the risk- taking of Vietnamese listed companies. Research results are consistent with agency theory and other empirical studies. The researcher provides recommendations for corporate governance in relation to the risk- taking of listed Vietnamese companies