這項研究旨在研究2014-2018年在越南証券交易所上市公司的政府股權與公司績效之間的關係。此外，研究還探討影響公司績效之其他因素的影響。樣本包括在越南証券交易所上市的745家公司。資料來自在越南証券交易所上市的公司的年報。結果顯示，政府所有權對Tobin Q，ROA與ROE產生顯著負面影響。所有權中控股股東和投資比例對每股收益和資產報酬率都有顯著的正向影響。這些結果說明政府對企業的所有權越高，越南企業的績效就越低。根據這項研究的結果，企業可以更適當地重組股東結構或者調整其他相關因素以更有效地運作。 This study aims to identify relationships between government ownership and firm performance of firms listed on Vietnam stock exchange during 2014-2018. Moreover, the study also examines the influence of other factors affecting firm performance. The sample comprises the remaining 745 firms listed on stock exchange market in Vietnam. The data is gathered from annual reports of companies listed on Vietnam stock exchange. The results show that government ownerships have significantly negative effects on Tobin's Q, ROA and ROE. Ownership, controlling shareholders and investment ratio have significantly positive effects on EPS and ROA. These results imply that the higher the government ownership in the firm leads to the lower the performance of the firm in Vietnam. From the results of this study, firms can restructure shareholder structure more appropriately, or adjust other relevant factors to operate more effectively.
