... sector is perceived to be more heterogeneous among subsector industries, which makes industry-specific studies notably valuable. Vietnam as an emerging economy in dynamic Southeast Asia offers a suitable setting for this research. While earlier studies on financial services FDI are mainly based...

.... Originality/value This study contributes to the comparative corporate governance literature by showing that implementing internal governance practices helps improve firm performance in Asia. It also contributes to the owner identity literature by opening the black box of how transactional and relational...