Impact of Ownership Structure on Share Price of Listed Companies in Vietnam Stock Exchange
Keywords:
Ownership structure, share price, large shareholder, firm size, return on total assets.
Abstract
This paper was collecting data from 27 listed firms on Ho Chi Minh Stock Exchange (HOSE), in period of 2010- 2017 in Vietnam, with variables related to ownership structure, to investigate the effect of different ownership structure characteristics on these firms’ market price. The results show that, the variables relates to the large shareholders, the company’s size and rate of return on total assets significantly impacted on the stock market price. Particularly, large shareholder variables, company’s size and variable rate of return on total assets have been shown the positively impact on the share price.
