The board of directors plays a crucial role in corporate governance, overseeing strategic planning, executive management, risk assessment, financial decision-making, and ensuring transparency and accountability. This study investigates the relationship between board of directors' characteristics and financial performance of listed enterprises in Vietnam. This study utilizes data envelopment analysis to determine the efficiency of firms and panel regression method to assess the proposed relationships among 900 observations of 60 publicly listed companies in Vietnam between 2007 and 2021. The results demonstrate that board size, diversity, and independence have significant impacts on a firm's financial performance, with a correlation between board independence and financial performance. Both board size and independence are found to have significant effects on financial performance. The study underscores the importance of effective corporate governance and the role of the board in driving financial success for listed enterprises in Vietnam.
Tài liệu tham khảo
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