International Journal of Social Science & Economic Research
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Title:
POST-PRIVATIZATION: DO FIRMS WITH HIGHER RESIDUAL STATE OWNERSHIP ENGAGE IN MORE RISK-TAKING ACTIVITIES? - EVIDENCE FROM VIETNAM

Authors:
Anh N. Phan , Hong X. Vo , An T. T. Ngo

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Anh N. Phan1 , Hong X. Vo1 , An T. T. Ngo1
1. School of Business, International University - Vietnam National University, Hochiminh City, Vietnam

MLA 8
Phan, Anh N., et al. "POST-PRIVATIZATION: DO FIRMS WITH HIGHER RESIDUAL STATE OWNERSHIP ENGAGE IN MORE RISK-TAKING ACTIVITIES? - EVIDENCE FROM VIETNAM." Int. j. of Social Science and Economic Research, vol. 5, no. 6, June 2020, pp. 1547-1559, ijsser.org/more2020.php?id=108. Accessed June 2020.
APA(6)
Phan, A., Vo, H., & Ngo, A. (2020, June). POST-PRIVATIZATION: DO FIRMS WITH HIGHER RESIDUAL STATE OWNERSHIP ENGAGE IN MORE RISK-TAKING ACTIVITIES? - EVIDENCE FROM VIETNAM. Int. j. of Social Science and Economic Research, 5(6), 1547-1559. Retrieved from ijsser.org/more2020.php?id=108
Chicago
Phan, Anh N., Hong X. Vo, and An T. T. Ngo. "POST-PRIVATIZATION: DO FIRMS WITH HIGHER RESIDUAL STATE OWNERSHIP ENGAGE IN MORE RISK-TAKING ACTIVITIES? - EVIDENCE FROM VIETNAM." Int. j. of Social Science and Economic Research 5, no. 6 (June 2020), 1547-1559. Accessed June, 2020. ijsser.org/more2020.php?id=108.

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Abstract:
While some innovation and risk taking are essential to stay competitive, state-owned enterprises (SOEs) are presumed to have little incentives to take risk because they are already positioned in an advantageous seat, fully equipped with abundant resources, be it policy or financial resources. Using a sample of 81 post-privatization SOEs that are listed on the two exchanges in Vietnam from 2001 to 2015, this study is designed to explore the role of residual state ownership in firm's risk-taking behaviors. The result from this research confirms that firms with higher level of residual state ownership after privatization are less likely to engage in risk-taking activities.

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