Factors affecting corporate financial performance listed on Vietnam stock market

The study investigates factors affecting corporate financial performance listed in Vietnam’s stock exchange during the period from 2012 to 2022. The research uses analysis methods including Pooled OLS, FEM, REM, FGLS and S-GMM. Research results show that there is no clear relationship between financial reporting quality and corporate performance, however, the size of the board of directors (BOD) has a positive impact on the financial performance. Further, the participation of foreign members as well as increasing board independence has a negative and economically significant impact on firm performance. The research results also indicate that revenue growth can significantly increase firm performance; and firm size, investment in fixed assets and choice of equity sources have the ability to create higher profits.