This paper examines the relationships among foreign ownership, capital structure, and firm value in the case of listed firms in Vietnam. Using fixed effect model on data of all listed companies (exclude financial firms and banks) in Hochiminh Stock Exchange during the period of 2008-2011, the...

Using data of firms listed on Ho Chi Minh Stock Exchange during the period 2008-2011, the paper finds empirical evidence of foreign ownership having a negative impact on firm performance and positive impact on capital structure, while previous literature indicates the opposite. The results...