The impact of market competition on firm performance in listed firms on Vietnamese stock market
Keywords:
market competition; Tobin’s Q ratio; firm performance
Abstract
This study considers the impact of market competition on firm performance of Vietnamese listed firms on the stock exchange. Data was collected from 560 listed firms on both HOSE and HNX, between 2011 and 2019. This study used quantitative research methodologies such as System Generalized Method of Moments (SGMM). Then, grouping firms with high and low levels of market competition to consider the relationship between market competition and firm performance as measured through Return on Asset, Return on Equity, and Tobin’s Q ratio. The result demonstrates that market competition has a relationship with firm performance of listed firms.