The relationship between liquidity, corporate governance, and firm valuation: Evidence from Vietnam

Abstract

This study, conducted with a sample of Vietnam listed companies during the period 2007 –2015, examines the relationship between stock liquidity, corporate governance and firm value. The results show that there is a positive causal relationship between volume and corporate governance. We also find the strong positive impact of corporate governance on valuation. Specially, a 1% increase in the liquidity implies a 28.4% increase in corporate governance, which in turn leads to a 0.001% increase in firm valuation for every increasing 1% in corporategovernance

Keywords

• giá trị doanh nghiệp
• quản trị công ty
• thanh khoản
• ư lưng gần n ư ng li n an (sur)