文章基本信息

标题：Impacts of Macroeconomic News on Vietnamese SOEs' Performance
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作者：Nicholas Lee ; Fu-Min Chang ; Yale Wang 等
期刊名称：Journal of Applied Finance and Banking
印刷版ISSN：1792-6580
电子版ISSN：1792-6599
出版年度：2017
卷号：7
期号：1
出版社：Scienpress Ltd
摘要：
This paper examines impacts of macroeconomic news on Vietnamese state-owned enterprises’ (SOEs) performance. Macroeconomic news variables are based on changes in GDP, interest rate, and inflation, respectively. We consider Vietnamese non-financial listed firms, and panel data regression is proposed. Our results show that interest rate is found to be significantly negative associated with firm performance but changes in GDP and firm performance are positively related. Additionally, due to socialist market economy reforms, we further show that SOEs are still dominant influence in firm performance. No evidence of effects of taxation on firm performance after a series of deregulation of taxation is detected. Therefore, our findings offer valuable insights on macroeconomic news and firm performance.
关键词：macroeconomic news; firm performance; Vietnamese SOEs; panel data regression