Corporte governance structures and performance of firms in asian markets A compartive analysis between Singapore and Vietnam
A cross-country comparative analysis of corporate governance structures and fnancial performance of publicly listed companies in Singapore and Vietnam, covering a four-year period fom 2008 to 2011, is undertaken in this study. More specifcally, the similarities and differences in the corporate governance structures and fnancial performance of the companies are compared and interpreted in the institutional context of each market. On an average basis, we fnd that the size, composition and diversity of the boards in these two markets are statistically signifcantly different. In contrast, there is no statistical evidence to reject the similarities in ownership structure, board leadership structure, and fnancial performance between the frms of the two markets. In addition, our comparative analysis on the corporate governance structures'fnancial performance nexus also reveals that the performance effects of corporate governance structures vary signifcantly between the two ...