Article: The impact of corporate governance on the working capital management of Vietnamese-listed firms during the COVID-19 pandemic period Journal: International Journal of Economic Policy in Emerging Economies (IJEPEE) 2024 Vol.20 No.5 pp.24 - 40 Abstract: This study evaluates the impact of corporate governance (CG) on the working capital management (WCM) of non-financial companies listed on the Vietnam stock market. In this study, we use the system generalised method of moments (SysGMM) regression method with panel data of 552 companies in 2015-2022 to examine the relationship mentioned above. The findings indicate a positive relationship between CG and WCM. This study provides empirical evidence regarding the role of CG mechanisms in the effectiveness of WCM strategies. Simultaneously, it expands current academic literature by introducing new empirical evidence that applies to countries with circumstances similar to Vietnam, especially amid economic crises and the aftermath of the post-COVID-19 epidemic. These discoveries offer managers, investors, and other interested parties valuable insights. Inderscience Publishers - linking academia, business and industry through research

Title: The impact of corporate governance on the working capital management of Vietnamese-listed firms during the COVID-19 pandemic period

Authors: Bui Anh Thanh; Nguyen Vinh Khuong

Addresses: Ho Chi Minh University of Banking, Ho Chi Minh City, Vietnam ' Faculty of Accounting and Auditing, University of Economics and Law, Ho Chi Minh City, Vietnam; Vietnam National University, Ho Chi Minh City, Vietnam

Abstract: This study evaluates the impact of corporate governance (CG) on the working capital management (WCM) of non-financial companies listed on the Vietnam stock market. In this study, we use the system generalised method of moments (SysGMM) regression method with panel data of 552 companies in 2015-2022 to examine the relationship mentioned above. The findings indicate a positive relationship between CG and WCM. This study provides empirical evidence regarding the role of CG mechanisms in the effectiveness of WCM strategies. Simultaneously, it expands current academic literature by introducing new empirical evidence that applies to countries with circumstances similar to Vietnam, especially amid economic crises and the aftermath of the post-COVID-19 epidemic. These discoveries offer managers, investors, and other interested parties valuable insights.

Keywords: working capital management; WCM; corporate governance; CG; COVID-19; Vietnam.

DOI: 10.1504/IJEPEE.2024.143370

International Journal of Economic Policy in Emerging Economies, 2024 Vol.20 No.5, pp.24 - 40

Received: 10 Jan 2024
Accepted: 12 Aug 2024
Published online: 16 Dec 2024 *

Title: The impact of corporate governance on the working capital management of Vietnamese-listed firms during the COVID-19 pandemic period

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