... investment efficiency, particularly in Vietnam. Secondly, this study delves into a unique structure of the Vietnamese economy through the state ownership lens and points out the heterogeneous impact of NIS on investment efficiency between firms in the private and public sectors. Huy Viet Hoang can...

... and Thomsen, 1999). In contrast, mixed ownership structures encompass varying ownership percentages associated with different shareholder categories, such as foreign, private and state ownership (SO), as highlighted in the studies of Wen and Jia (2010) . The context of this research is banks in Vietnam...

... pooled ordinary least squares (POLS) and system-generalized method of moments (GMM), to investigate the ownership–cash holding relationship for various firm scenarios. Both book and market measures of the cash ratio are examined. Findings Results show that foreign and state ownership encourages firms...