Foreign ownership and product market competition's influence on firm performance: Mediating role of the corporate governance index

IF 4.8 Q1 BUSINESS Business Strategy and Development Pub Date : 2024-04-15 DOI:10.1002/bsd2.366
Thu Thi Tran, Thach Xuan Ha, Nhan Kim Vo
{"title":"Foreign ownership and product market competition's influence on firm performance: Mediating role of the corporate governance index","authors":"Thu Thi Tran,&nbsp;Thach Xuan Ha,&nbsp;Nhan Kim Vo","doi":"10.1002/bsd2.366","DOIUrl":null,"url":null,"abstract":"<p>This study examines the influence of foreign ownership and product market competition on firm performance in Vietnam's listed companies through the mediating role of the corporate governance index. Moreover, the study explores the moderating role of business strategy in the relationships between foreign ownership, product market competition, and firm performance. We use maximum likelihood structural equation modeling in Stata 14 software to analyze the data collected from 180 Vietnamese listed companies from 2015 to 2019. The results indicate that foreign ownership and product market competition positively influence firm performance by mediating the corporate governance index. Business strategy negatively moderates the relationship between product market competition and firm performance. This study has implications for managers focusing on foreign ownership and product market competition to improve corporate governance systems, enhancing firm performance. Additionally, managers may build business strategies when product market competition increases to avoid negative effects on firm performance.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 2","pages":""},"PeriodicalIF":4.8000,"publicationDate":"2024-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Business Strategy and Development","FirstCategoryId":"1085","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/bsd2.366","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0

Abstract

This study examines the influence of foreign ownership and product market competition on firm performance in Vietnam's listed companies through the mediating role of the corporate governance index. Moreover, the study explores the moderating role of business strategy in the relationships between foreign ownership, product market competition, and firm performance. We use maximum likelihood structural equation modeling in Stata 14 software to analyze the data collected from 180 Vietnamese listed companies from 2015 to 2019. The results indicate that foreign ownership and product market competition positively influence firm performance by mediating the corporate governance index. Business strategy negatively moderates the relationship between product market competition and firm performance. This study has implications for managers focusing on foreign ownership and product market competition to improve corporate governance systems, enhancing firm performance. Additionally, managers may build business strategies when product market competition increases to avoid negative effects on firm performance.

查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
外资所有权和产品市场竞争对公司业绩的影响:公司治理指数的中介作用
本研究通过公司治理指数的中介作用,探讨了越南上市公司中外资所有权和产品市场竞争对公司业绩的影响。此外,本研究还探讨了经营战略在外资所有权、产品市场竞争和企业绩效之间关系中的调节作用。我们使用Stata 14软件中的最大似然结构方程模型分析了从2015年至2019年收集的180家越南上市公司的数据。结果表明,外资所有权和产品市场竞争通过调解公司治理指数对公司绩效产生积极影响。经营战略对产品市场竞争与企业绩效之间的关系起负调节作用。本研究对管理者关注外资所有权和产品市场竞争以改善公司治理体系、提高公司绩效具有启示意义。此外,管理者可在产品市场竞争加剧时制定经营战略,以避免对企业绩效产生负面影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
来源期刊
Business Strategy and Development
Business Strategy and Development Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)
CiteScore
5.80
自引率
6.70%
发文量
33
期刊最新文献
ISO 9001 Certification and Organizational Performance Among Manufacturing Companies: A Systematic Literature Review and Research Agenda Enhancing Strategic Performance Through Sustainable Practices: The Nexus of Social Responsibility Practice and Competitive Advantage—Moderating Role of Business Ownership Type The Impact of Board Gender Diversity Commitment on Firm Performance Moderated by Board Characteristics: Evidence From Sustainable European Firms and Financial Orientation Mobile banking services and financial inclusion among customers of commercial banks: Evidence from an emerging economy The Impact of Green Market Orientation and Ambidextrous Green Innovation on Organizational Performance: Empirical Study on Small Restaurants in Vietnam
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1