Suchergebnisse

Corporate governance structures are expected to help a firm have better financial performance through giving proper decision-making (Shivani, Jain, & Yadav, 2017). In recent years, along with the completing process of the business environment, the corporate governance framework in Vietnam has also been gradually built and implemented. However, corporate governance in Vietnam still has some limitations. This study is conducted to investigate the impact level of corporate governance on the financial performance of warehouse transportation firms listed on the Hanoi Stock Exchange (HNX) of Vietnam. We employ both qualitative and quantitative methods for processing data collected from twenty-two listed firms. The results reveal that determinant of corporate governance including the nationality of the board (NB), board composition (BC) has a negative relationship with financial performance; the remaining determinants, such as board size (BS), professional qualifications of the board (BE), the proportion of women (PW), the average age of the board (AA), general director concurrently of the board chairman (PO), do not influence financial performance. However, this impact level changes when we put some controlled variables in the model. In addition, the controlled variable of enterprise continuous uptime (COT) also has a negative impact on financial performance. Based on the findings, some recommendations are proposed relating to corporate governance for enhancing the financial performance of listed warehouse transportation firms in Vietnam

Internal controls play an important role in any firm since they help achieve both financial and non-financial performance. Internal controls are designed to minimize risks, protect assets, ensure reliable financial reporting, increase performance, and facilitate compliance (Bashaija, 2022). This study is conducted to investigate the impact level of internal control on the performance of non-financial firms listed on the Vietnam Stock Exchange. Data were collected through a survey questionnaire with 506 survey questionnaires from listed non-financial firms. Quantitative research methods are applied to evaluate the impact of internal control on performance. The results show that internal control including five components has a significant impact on financial performance, and components of the control environment, risk assessment, control activities, and communications have direct positive effects on non-financial performance. Monitoring activities have no impact on non-financial metrics. Besides, the study also shows that non-financial indicators directly influence the financial indicators of listed non-financial firms. Based on the findings, some recommendations are proposed for enhancing the performance of non-financial listed firms.