Seeborg, Faculty Advisor, Michael

Vu, Thanh

English

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Illinois Wesleyan UniversityDigital Commons @ IWUJohn Wesley Powell Student ResearchConference 2017, 28th Annual JWP ConferenceApr 8th, 11:00 AM - 12:00 PMThe Relationship between Educational andDemographic Characteristics of VietnameseChairpersons and the Performance of their FirmsThanh VuIllinois Wesleyan UniversityMichael Seeborg, Faculty AdvisorIllinois Wesleyan UniversityFollow this and additional works at: http://digitalcommons.iwu.edu/jwprcPart of the Economics CommonsThis Event is brought to you for free and open access by The Ames Library, the Andrew W. Mellon Center for Curricular and FacultyDevelopment, the Office of the Provost and the Office of the President. It has been accepted for inclusion in Digital Commons @ IWU bythe faculty at The Ames Library at Illinois Wesleyan University. For more information, please contact digitalcommons@iwu.edu.©Copyright is owned by the author of this document.Vu, Thanh and Seeborg, Faculty Advisor, Michael, "The Relationship between Educational and DemographicCharacteristics of Vietnamese Chairpersons and the Performance of their Firms" (2017). John Wesley Powell StudentResearch Conference. 1.http://digitalcommons.iwu.edu/jwprc/2017/oralpres7/1THE JOHN WESLEY POWELL STUDENT RESEARCH CONFERENCE – APRIL 2017      Oral Presentation  O7.3        THE RELATIONSHIP BETWEEN EDUCATIONAL AND DEMOGRAPHIC CHARACTERISTICS OF VIETNAMESE CHAIRPERSONS AND THE PERFORMANCE OF THEIR FIRMS   Thanh Vu and Michael Seeborg* Economics Department, Illinois Wesleyan University    In recent years, human capital has become a distinctive feature of growth for companies. Therefore, understanding the effect of different human capital characteristics of managers on performance of firms has become increasingly important for every stakeholder. In this study, I follow about 200 of the biggest publicly traded companies in Vietnam in 2016 to see whether there exists a positive and significant relationship between the human capital quality of the presidents and the profitability of their corporations. Using the cross sectional data collected privately during my internship with Bao Viet Holdings, a top 5 financial institution in Vietnam, this project employs OLS regression analysis to test the hypothesis about this relationship. Results show that presidents who are female and have a doctorate degree tend to perform better. Surprisingly, the number of shares held by the presidents has a significantly negative impact on the profitability of firms as an addition in the number of shares a president holds decreases the excess returns on assets of his company.                

The Relationship between Educational and Demographic Characteristics of Vietnamese Chairpersons and the Performance of their Firms

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The Relationship between Educational and Demographic Characteristics of Vietnamese Chairpersons and the Performance of their Firms

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