Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 4, 2017 erstellt
Description:
This paper is aimed at investigating the effect of ownership structure and firm size on firm growth. While the relationship between ownership structure and firm performance has been discussed in numerous studies, inadequate attention is drawn on the correlation between ownership structure and growth indicators of firm performance. For the case of Vietnam, there is still a significant gap in knowledge on this issue. Employing the fixed-effect regression with Driskoll-Kraay standard errors for a sample of 2056 firm-year observations for the period from 2008-2015, we find that ownership structure is indeed an important determinant of firm growth, which is also dependent on financial leverage, initial earnings, and corporate diversification. Additionally, we show that Gibrat's law is valid for the Vietnamese firms. The results of this research contribute to an enhanced understanding of the influencing factors of firm growth, which are helpful to propose some policy recommendations