NDLI: Does the human capital of board directors add value to firms? Evidence from an Asian market

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Volume: 5 Issue: 1

How are school dropouts related to household characteristics? Analysis of survey data from Bangladesh

Analysing assets’ performance inside a portfolio: From crossed beta to the net risk premium ratio

Investor emotional biases and trading volume’s asymmetric response: A non-linear ARDL approach tested in S&P500 stock market

Robust critical values for unit root tests for series with conditional heteroscedasticity errors: An application of the simple NoVaS transformation

Rate of return on foreign investment income and employment labour protection: A panel analysis of thirty OECD countries

Institutional investors’ role in diversifying orientation decision across Tunisian companies

The Nexus between livelihood diversification and farmland management strategies in rural Ethiopia

Causality between foreign direct investment and economic growth for Cambodia

Causal theories, models and evidence in economics—some reflections from the natural sciences

FDI entry mode choice and ownership structure in Turkish market: A firm-level analysis

Financial product development and members’ voluntary saving behavior in saving and credit cooperatives in Tigray: A case study in Endamohoni Woreda

The imported price, inflation and exchange rate pass-through in China

Acknowledgement of Reviewers

Exploring the nexus between oil prices and sectoral stock prices: Nonlinear evidence from Kuwait stock exchange

Effect of catastrophic disaster in financial market contagion

Testing overconfidence bias in Pakistani stock market

Determinants of Takāful and conventional insurance demand: A regional analysis

Mental budgeting and the financial management of small and medium entrepreneurs

Poverty and malaria morbidity in the Jirapa District of Ghana: A count regression approach

Buy, sell, or hold? A sense-making account of factors influencing trading decisions

On sensitivity of industries and companies to the state of economy

Time distributed difference-in-differences estimates of return to training

Determinants of European bank risk during financial crisis

Taking into account the rate of convergence in CLT under Risk evaluation on financial markets

Modern claim frequency and claim severity models: An application to the Russian motor own damage insurance market

Estimation of the Russian informal economy size on the household budget survey data

Impact of Muslim Holy Days on Asian stock markets: An empirical evidence

Audit firm, retain or rotation? (client and audit firm perspectives)

Decision-making process in shipping finance: A stochastic approach

Decomposition analysis of the pollution intensities in the case of the United Kingdom

Corporate governance, research and development volatility and firm performance - Evidence from Spain and Ireland

Committee on board: Does it matter? A study of Indonesian Sharia-listed firms

Investigating the sources of Black’s leverage effect in oil and gas stocks

Parameter estimation for stable distributions with application to commodity futures log-returns

Wage differentials in Brazil: Tourism vs. other service sectors

How investor sentiments spillover from developed countries to developing countries?

An econometric analysis of major Chinese food crops: An empirical study

Oil and non-energy commodity markets: An empirical analysis of volatility spillovers and hedging effectiveness

Explaining public investment dynamics in Sub-Saharan Africa: The role of country governance structures

The venture capitalist’s cognitive approach: Validation through the Tunisian context

Women on boardroom: Does it create risk?

New perspectives on bank risk in Malaysia

Hopf bifurcation in an open monetary economic system: Taylor vs. inflation targeting rules (Malaysian case)

Evidence of adverse selection in automobile insurance market: A seemingly unrelated probit modelling

A statistical analysis of the social and environmental risks of the international trade in virtual water

Revisiting stock market development and economic growth nexus: The moderating role of foreign capital inflows and exchange rates

The impact of trade openness on economic growth: The case of Cote d’Ivoire

Service quality and the moderating effect of Shari’ah perception on client satisfaction: A comparison of Islamic and conventional microfinance in Pakistan

Forecasting USDTRY rate by ARIMA method

Evaluation of variable annuity guarantees with the effect of jumps in the asset price process

A dynamic fragmentation of the misery index in Nigeria

Time-series and cross-sectional momentum and contrarian strategies within the commodity futures markets

Financing behavior of firms in tranquil and crisis period: Evidence from China

The nexus between economic growth, financial development, trade openness, and CO2 emissions in European countries

Much ado about nothing? Interest and non-interest products and services: Their impact on small banks’ margins

Do US consumer survey data help beat the random walk in forecasting mortgage rates?

Firm-specific determinants of stock prices in an emerging capital market: Evidence from Ghana Stock Exchange

Child disability, welfare payments, marital status and mothers’ labor supply: Evidence from Australia

The accuracy of financial analysts’ earnings forecasts and the Tunisian market reliance with time

CAPM with various utility functions: Theoretical developments and application to international data

Shareholder response to mass shootings in the United States firearms industry

The impact of financial liberalization on economic growth in sub-Saharan Africa

Marriage dissolution among American men, 2003–2010: The roles of measured earnings and latent selection

Co-movement of real exchange rates in the West African Monetary Zone

Empirical test of the Ricardian Equivalence in the Kingdom of Lesotho

The potential and limits of farmers’ groups as catalysts of women leaders

A simulation study on the distributions of disturbances in the GARCH model

Predicting movement of stock of “Y” using Sutte Indicator

Does behavioural theory explain return-implied volatility relationship? Evidence from India

Causal relationship between FDI and poverty reduction in South Africa

The endogeneity of business cycle synchronisation in SADC: A GMM approach

On skewed, leptokurtic returns and pentanomial lattice option valuation via minimal entropy martingale measure

Causes and consequences of crude oil pipeline vandalism in the Niger delta region of Nigeria: A confirmatory factor analysis approach

Exchange rate uncertainty and domestic investment in Ghana

How interrelated are MIST equity markets with the developed stock markets of the world?

Cross-sectional volatility index as a proxy for the VIX in an Asian market

Technical efficiency and total factor productivity of rural banks in Ghana

Analysing stock market data—Market sentiment approach and its measures

New Islamic equity style indices: Constructing and testing the efficacy of information transmission

Financial intermediation and financial inclusion of poor households: Mediating role of social networks in rural Uganda

Famers’ access to credit: Does collateral matter or cash flow matter?—Evidence from Sindh, Pakistan

Macroeconomic linkages and international shock transmissions in East Asia: A global vector autoregressive approach

Optimal execution strategy in liquidity framework

Analysis of industry risk premium with MVS three dimensions vector factor model

Effect of economic growth on CO2 emission in developing countries: Evidence from a dynamic panel threshold model

An institutional approach to the decline of the Ottoman Empire

Speculative bubbles and crashes： Fundamentalists and positive‐feedback trading

Bismut–Elworthy–Li formula for subordinated Brownian motion applied to hedging financial derivatives

Valuation of proved vs. probable oil and gas reserves

Does the human capital of board directors add value to firms? Evidence from an Asian market

Behavioral heterogeneity and financial markets: Locked/crossed quotes under informationally efficient pricing

Trade openness and economic growth volatility: An empirical investigation

The determinants of participation in global value chains: The case of ECOWAS

Does insurance promote economic growth: A comparative study of developed and emerging/developing economies

Education policy in South Korea: A contemporary model of human capital accumulation?

Stock market return predictability: Google pessimistic sentiments versus fear gauge

The zero-inflated promotion cure rate model applied to financial data on time-to-default

The dynamics of price discovery for cross-listed stocks evidence from US and Chinese markets

Investment and revenue cap under incentive regulation: The case study of the Norwegian electricity distributors

Does economic distance affect the flows of trade and foreign direct investment? Evidence from Vietnam

Role of macroeconomic variables on firms’ performance: Evidence from the UK

Accounting method choice and market valuation in the extractive industries

The impact of the Chinese cornstarch futures on spot market and corn futures market

Speculative bubbles and contagion: Analysis of volatility’s clusters during the DotCom bubble based on the dynamic conditional correlation model

Replication studies

Adoption of improved maize variety among farm households in the northern region of Ghana

A multi-factor model of heterogeneous traders in a dynamic stock market

Idiosyncratic volatility and stock returns: Indian evidence

On the construction of Chinese stock market investor sentiment index

The influence of the real effective exchange rate and relative prices on South Africa’s import demand function: An ARDL approach

The determinants of capital structure: Evidence from public listed companies in Malaysia, Singapore and Thailand

Does the human capital of board directors add value to firms? Evidence from an Asian market

Content Provider	Taylor & Francis Online
Author	Reddy, Krishna Nguyen, An Locke, Stuart Murray, Louis Nguyen, Tuan
Abstract	This paper investigates the effect of the human capital of directors on the financial performance of Vietnamese-listed companies. The dynamic system generalised method of moments (system GMM) estimator is used to examine a panel data-set consisting of 315 firm-year observations over a four-year period from 2008 to 2011. In line with resource dependence theory, we report that the human capital of directors appears to have a positive influence upon a firm’s financial performance. To the best of our knowledge, this study is the first work on the topic of human capital of directors and firm performance for publicly listed companies in Vietnam. This study, by applying a dynamic longitudinal modelling approach, extends the nascent literature on board human capital as well as more generally to the corporate governance literature by providing robust empirical evidence showing that the general human capital of board directors may add value to firms. Our finding, therefore, supports the efforts made by Vietnamese policy-makers in setting up qualification standards as well as skills diversity for the boards.
File Format	PDF HTM / HTML
Journal	Cogent Economics & Finance
Volume Number	5
Issue Number	1
Language	English
Publisher	Cogent
Publisher Date	2017-10-16
Access Restriction	Open
Subject Keyword	Corporate governance Human capital Financial performance System GMM Vietnam G21 G30 G32 G34
Content Type	Text
Resource Type	Article

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