VN30 Index : Corporate Governance and Performance Analysis

The issue of corporate governance has been increasingly popular in recent years. Corporate governance is considered as one of the most critical factors influencing firm performance, especially listed firms that belong to an Index. This paper is aimed at filling the gap by presenting the issue of corporate governance in terms of both theoretical framework and empirical study. In the theoretical framework, the research provides readers with the fundamental aspects of corporate governance with various popular frameworks. The empirical study presents a selection of 30 firms in VN30 Index for the sample and uses econometric models to test the effect of several corporate governance variables on firm performance. From the result of the reseach, it has been found out that the number of members in Board of Director, independent CEO and the number of Major Shareholders have positive influence on the performance of the Vietnamese non-manufacturing firms