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OWNERSHIP STRUCTURE AND CORPORATE DIVERSIFICATION DECISION: A STUDY OF VIETNAMESE LISTED FIRMS
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Duc Nam Phung 
, Thi Bich Nguyet Phan, Thi Lien Hoa Nguyen, Thi Phuong Vy Le
Abstract
This research examines the impact of the ownership structure on corporate diversification decision of listed firms in Vietnam over the period of 2007 and 2012. The empirical results from logit model show that while state ownership has positive impact on corporate diversification decisions of the firms, foreign ownership has negative impact on corporate diversification decision of the firms. This implies that government ownership tends to encourage corporate diversification strategy, while foreign ownership may plays monitoring role and discourage corporate diversification strategy in emerging market context.
Keywords: Corporate Diversification, Vietnam, State Ownership, Foreign Ownership
How to cite this paper: Phung, D.N., Phan, T.B.N., Nguyen, T.L.H., Le, T. P. V. (2016). Ownership structure and corporate diversification decision: a study of Vietnamese listed firms. Corporate Ownership & Control, 13(3-1), 226-233. https://doi.org/10.22495/cocv13i3c1p9
