Journal of Security and Sustainability Issues

The purpose of the paper is to assess the impact of corporate governance on Vietnam banks’ performance measured by ROA (return on assets) and OER (operating efficiency ratio). The article uses a research method which is a quantitative research method through the construction of a binary Probit model with two aggregate variables, namely Macroeconomic indicators and financial index variables. The results are consistent with prior research findings, and more importantly, presents statistical justification for pursuing further corporate governance reforms to enhance Vietnam banks’ performance. These findings also lay a foundation for policy makers to make necessary changes to improve corporate governance (i.e role of board of directors, shareholder issues) of Vietnam banks in the future. Social Implications: the study used Vietnam listed banks’ financial data collected covering a period 2008 to 2018. The findings indicated that board size, CEO duality and large shareholder had statistically significant effect on bank performance in both ROA (return on assets) and OER (operating efficiency ratio). While institutional shareholders and foreign shareholders made no impact on Vietnam banks’ performance.

The purpose of this study is to examine the impact of women empowerment through board diversity along with governance variables on capital structure and leverage dimensions. To achieve this objective, sample of 35 business firms over 2012-2016 is collected in the region of Thailand. Secondary data approach is implemented with descriptive and regression analysis. It is found that board diversity (presence of female members) is significantly associated to capital structure and leverage pattern. With the presence of firm age, fixed payments and risk factor, this effect is found to be true for total loan and leverage factors but insignificant for the debt to equity ratio. Effect of board size on capital structure and leverage dimensions is also found to be significant. Meanwhile, effect of age on debt ratio and total loan is positively significant but negatively significant for total leverage. Practical significance of the study covers managerial implication in the field of corporate governance and risk-taking behavior through capital structure and leverage.