The relationship between enterprise characteristics and the board of directors of state-owned enterprises in Vietnam


  • Dau Huong Nam Ho Chi Minh National Political Academy


State-owned enterprises, board of directors, firm characteristics, corporate governance of state-owned enterprises


The quality of the board of directors is crucial for the effective corporate governance of state-owned enterprises (SOEs), ensuring their operational efficiency. This study examines the relationship between firm characteristics - such as firm age, size, and capital structure - and the board quality of state-owned enterprises of Vietnam’s listed SOEs from 2016 to 2020. Findings indicate that firm age significantly influences board quality, potentially delaying the implementation of governance standards related to boards of directors, whereas firm characteristics do not demonstrate a similar impact.


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Dau Huong Nam. (2024). The relationship between enterprise characteristics and the board of directors of state-owned enterprises in Vietnam. VNU JOURNAL OF ECONOMICS AND BUSINESS, 4(3), 33.



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