Title: Securities market and corporate governance of privatised firms

Authors: Viet Ha Hoang

Addresses: Macquarie Graduate School of Management, Room 215, MGSM, Macquarie University, NSW 2109, Australia

Abstract: The purpose of this paper is to provide a model linking enforcement of institutional environment and reform of corporate governance of firms. It is argued that in the context of weak enforcement environment in transition economies, institutional factors in securities markets are effective in shifting corporate governance model of the privatised firms towards a market-based model that ensures a sustainable economic performance. The empirical study in the Vietnamese securities market supports this argument.

Keywords: corporate governance; privatisation; enforcement; governance linkages; securities markets; privatised firms; business governance; Vietnam; transition economies.

DOI: 10.1504/IJBGE.2006.011158

International Journal of Business Governance and Ethics, 2006 Vol.2 No.3/4, pp.254 - 279

Published online: 19 Oct 2006 *

Full-text access for editors Access for subscribers Purchase this article Comment on this article