THE INFLUENCE OF OWNERSHIP STRUCTURE ON FINANCIAL PERFORMANCE OF GASOLINE FIRMS

Autores

  • Nguyen Van Thu University of Labour and Social Affairs
  • Nguyen Van Luan University of Labour and Social Affairs
  • Cao Thi Anh Hanoi College of High Technology
  • Nguyen Van Tri National Academy of Public Administration
  • Dang Thi Bac University of Business and Technology https://orcid.org/0009-0003-1858-0859

DOI:

https://doi.org/10.18623/rvd.v23.n4.4946

Palavras-chave:

Foreign Ownership (FO), Organizational Ownership (IO), Internal Ownership (MO), Ownership Concentration (OC), and State-Owned (SO), Financial Performance, Gasoline Firms, Finance, Accounting

Resumo

The purpose of this research is to investigate the impact of Foreign Ownership (FO), Organizational Ownership (IO), Internal Ownership (MO), Ownership Concentration (OC), and State-Owned (SO) on financial performance, measured by return on assets (ROA), of gasoline enterprises on the Vietnamese stock market. The research sample consists of 20 listed gasoline firms observed over the period 2021–2024, employing a combination of qualitative and quantitative research methods. A regression model is developed to examine the relationships between the explanatory variables and ROA, while ensuring the validity of key linear regression assumptions. The empirical results reveal that no effect of organizational ownership (IO) on ROA was found; no effect of foreign ownership (FO) on ROA was found; internal ownership (MO) had a negative effect with a coefficient of -.0818785; ownership concentration (OC) had a positive effect with a coefficient of .0432445; and state-owned (SO) had a negative effect with a coefficient of -.0423326. The findings provide valuable empirical evidence for corporate managers, investors, and policymakers in designing financial strategies and improving the business performance of gasoline enterprises in Vietnam.

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Website: https://24hmoney.vn/companies; https://finance.vietstock.vn/; cafef.vn.

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Publicado

2026-02-25

Como Citar

Thu, N. V., Luan, N. V., Anh, C. T., Tri, N. V., & Bac, D. T. (2026). THE INFLUENCE OF OWNERSHIP STRUCTURE ON FINANCIAL PERFORMANCE OF GASOLINE FIRMS. Veredas Do Direito , 23, e234946. https://doi.org/10.18623/rvd.v23.n4.4946

Edição

v. 23 (2026): Veredas do Direito, v. 23, 2026

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Artigos

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