How to cite this paper
Pham, Q., Ho, T., Pham, D & Nguyen, H. (2020). Effects of corporate governance on high growth rate: evidence from Vietnamese listed companies.Management Science Letters , 10(7), 1553-1566.
Refrences
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Almus, M. (2002). What characterizes a fast-growing firm? Applied Economics, 34(12), 1497-1508.
Andersson, S., & Tell, J. (2009). The relationship between the manager and growth in small firms. Journal of small business and Enterprise Development, 16(4), 586-598.
Baysinger, B. D., & Butler, H. N. (1985). Corporate governance and the board of directors: Performance effects of changes in board composition. Journal of Law, Economics, & Organization, 1(1), 101-124.
Becker, G. S. (1975). Front matter, human capital: a theoretical and empirical analysis, with special reference to education. In Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education, Second Edition (pp. -22-20): NBER.
Beekman, A. V., & Robinson, R. B. (2004). Supplier partnerships and the small, high‐growth firm: selecting for success. Journal of Small Business Management, 42(1), 59-77.
Birch, D. L. (1979). The job generation process. MIT: Cambridge, Mass.
Birch, D. L., & Medoff, J. (1994). Gazelles. Labor markets, employment policy and job creation, 159167.
Bjuggren, C. M., Daunfeldt, S.-O., & Johansson, D. (2010). Ownership and high-growth firms. Ratio working paper, 147.
Brüderl, J., & Preisendörfer, P. (2000). Fast-growing businesses: empirical evidence from a German study. International journal of sociology, 30(3), 45-70.
Burgel, O., Fier, A., Licht, G., & Murray, G. C. (2000). Internationalisation of high-tech start-ups and fast growth-evidence for UK and Germany.
Certo, S. T., Daily, C. M., & Dalton, D. R. (2001). Signaling firm value through board structure: An investigation of initial public offerings. Entrepreneurship theory and practice, 26(2), 33-50.
Charreaux, G. (2008). À la recherche du lien perdu entre caractéristiques des dirigeants et performance de la firme: gouvernance et latitude managériale. Retrieved from
Daily, C. M., & Dalton, D. R. (1992). The relationship between governance structure and corporate performance in entrepreneurial firms. Journal of Business Venturing, 7(5), 375-386.
Daily, C. M., & Thompson, S. S. (1994). Ownership structure, strategic posture, and firm growth: An empirical examination. Family business review, 7(3), 237-249.
Davidsson, P., & Delmar, F. (1997). High-growth firms: characteristics, job contribution and method observations.
Davidsson, P., Kirchhoff, B., Hatemi–J, A., & Gustavsson, H. (2002). Empirical analysis of business growth factors using Swedish data. Journal of Small Business Management, 40(4), 332-349.
Deakins, D., O'Neill, E., & Mileham, P. (2000). The role and influence of external directors in small, entrepreneurial companies: some evidence on VC and non-VC appointed external directors. Venture Capital: An International Journal of Entrepreneurial Finance, 2(2), 111-127.
Delmar, F., Davidsson, P., & Gartner, W. B. (2003). Arriving at the high-growth firm. Journal of Business Venturing, 18(2), 189-216.
Donaldson, L., & Davis, J. H. (1991). Stewardship theory or agency theory: CEO governance and shareholder returns. Australian Journal of management, 16(1), 49-64.
Fried, V. H., Bruton, G. D., & Hisrich, R. D. (1998). Strategy and the board of directors in venture capital-backed firms. Journal of Business Venturing, 13(6), 493-503.
Gales, L. M., & Kesner, I. F. (1994). An analysis of board of director size and composition in bankrupt organizations. Journal of business research, 30(3), 271-282.
Geletkanycz, M. A., & Hambrick, D. C. (1997). The external ties of top executives: Implications for strategic choice and performance. Administrative Science Quarterly, 654-681.
Glancey, K. (1998). Determinants of growth and profitability in small entrepreneurial firms. International Journal of Entrepreneurial Behavior & Research, 4(1), 18-27.
Gupta, P. D., Guha, S., & Krishnaswami, S. S. (2013). Firm growth and its determinants. Journal of Innovation and Entrepreneurship, 2(1), 15.
Halikias, J., & Panayotopoulou, L. (2003). Chief executive personality and export involvement. Management Decision, 41(4), 340-349.
Hambrick, D. C., & Crozier, L. M. (1985). Stumblers and stars in the management of rapid growth. Journal of Business Venturing, 1(1), 31-45.
Hillman, A. J., & Dalziel, T. (2003). Boards of directors and firm performance: Integrating agency and resource dependence perspectives. Academy of Management Review, 28(3), 383-396.
Hillman, A. J., Keim, G. D., & Luce, R. A. (2001). Board composition and stakeholder performance: Do stakeholder directors make a difference? Business & Society, 40(3), 295-314.
Hölzl, W. (2013). Persistence, survival, and growth: a closer look at 20 years of fast-growing firms in Austria. Industrial and corporate change, 23(1), 199-231.
Hoxha, D., & Capelleras, J.-L. (2010). Fast-growing firms in a transitional and extreme environment: are they different? Journal of small business and Enterprise Development, 17(3), 350-370.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of financial economics, 3(4), 305-360.
Konings, J. (1997). Firm growth and ownership in transition countries. Economics Letters, 55(3), 413-418.
Mateev, M., & Anastasov, Y. (2010). Determinants of small and medium sized fast growing enterprises in central and eastern Europe: a panel data analysis. Financial Theory and Practice, 34(3), 269-295.
Moreno, A. M., & Casillas, J. C. (2007). High-growth SMEs versus non-high-growth SMEs: a discriminant analysis. Entrepreneurship and regional development, 19(1), 69-88.
Muth, M., & Donaldson, L. (1998). Stewardship theory and board structure: A contingency approach. Corporate Governance: An International Review, 6(1), 5-28.
Navaretti, G. B., Castellani, D., & Pieri, F. (2014). Age and firm growth: evidence from three European countries. Small Business Economics, 43(4), 823-837.
Noel, A. (1989). Strategic cores and magnificent obsessions: Discovering strategy formation through daily activities of CEOs. Strategic Management Journal, 10(S1), 33-49.
O'Reilly, C. A., & Chatman, J. (1986). Organizational commitment and psychological attachment: The effects of compliance, identification, and internalization on prosocial behavior. Journal of applied psychology, 71(3), 492.
OECD. (2010). OECD Studies on SMEs and Entrepreneurship High-Growth Enterprises: What Governments Can Do to Make a Difference: Organisation for Economic Co-operation and Development.
Phạm Quốc Việt, & Lê Quốc Thành. (2016). Hoàn thiện chính sách tài chính hỗ trợ tăng trưởng doanh nghiệp – Phương pháp tiếp cận theo trường phái quản trị dựa trên các yếu tố thành công chính yếu (CSFs based management): một nghiên cứu cho các doanh nghiệp phát triển nhanh tại Việt Nam. Đề tài nghiên cứu khoa học cấp Bộ (Bộ Tài chính).
Ramaswamy, V., Ueng, C. J., & Carl, L. (2008). Corporate governance characteristics of growth companies: An empirical study. Academy of Strategic Management Journal, 7, 21.
Raymond, L., Bergeron, F., & Blili, S. (2005). The assimilation of E‐business in manufacturing SMEs: Determinants and effects on growth and internationalization. Electronic Markets, 15(2), 106-118.
Rosenstein, S., & Wyatt, J. G. (1994). Shareholder wealth effects when an officer of one corporation joins the board of directors of another. Managerial and Decision Economics, 15(4), 317-327.
Schreyer, P. (2000). High-growth firms and employment.
Shleifer, A., & Vishny, R. W. (1997). A survey of corporate governance. The Journal of Finance, 52(2), 737-783.
Siegel, R., Siegel, E., & Macmillan, I. C. (1993). Characteristics distinguishing high-growth ventures. Journal of Business Venturing, 8(2), 169-180.
Smith, N., Smith, V., & Verner, M. (2006). Do women in top management affect firm performance? A panel study of 2,500 Danish firms. International Journal of Productivity and Performance Management, 55(7), 569-593.
Steffensmeier, D., & Allan, E. (1996). Gender and crime: Toward a gendered theory of female offending. Annual Review of Sociology, 22(1), 459-487.
Storey, D. (2000). A Portrait of Success: The Facts Behind High Growth Companies in the UK (Deloitte & Touche, London).
Võ Hồng Đức, & Phan Bùi Gia Thủy. (2013). Quản trị công ty & hiệu quả hoạt động doanh nghiệp: Minh chứng thực nghiệm từ các công ty niêm yết trên Sở giao dịch Chứng khoán TP.HCM. Tạp chí Phát triển Kinh tế(275), 01-15.
Voulgaris, F., Asteriou, D., & Agiomirgianakis, G. (2003). The determinants of small firm growth in the Greek manufacturing sector. Journal of Economic Integration, 817-836.
Wernerfelt, B. (1984). A resource‐based view of the firm. Strategic management journal, 5(2), 171-180.
Wirtz, P. (2011). The cognitive dimension of corporate governance in fast growing entrepreneurial firms. European Management Journal, 29(6), 431-447.
Almus, M. (2002). What characterizes a fast-growing firm? Applied Economics, 34(12), 1497-1508.
Andersson, S., & Tell, J. (2009). The relationship between the manager and growth in small firms. Journal of small business and Enterprise Development, 16(4), 586-598.
Baysinger, B. D., & Butler, H. N. (1985). Corporate governance and the board of directors: Performance effects of changes in board composition. Journal of Law, Economics, & Organization, 1(1), 101-124.
Becker, G. S. (1975). Front matter, human capital: a theoretical and empirical analysis, with special reference to education. In Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education, Second Edition (pp. -22-20): NBER.
Beekman, A. V., & Robinson, R. B. (2004). Supplier partnerships and the small, high‐growth firm: selecting for success. Journal of Small Business Management, 42(1), 59-77.
Birch, D. L. (1979). The job generation process. MIT: Cambridge, Mass.
Birch, D. L., & Medoff, J. (1994). Gazelles. Labor markets, employment policy and job creation, 159167.
Bjuggren, C. M., Daunfeldt, S.-O., & Johansson, D. (2010). Ownership and high-growth firms. Ratio working paper, 147.
Brüderl, J., & Preisendörfer, P. (2000). Fast-growing businesses: empirical evidence from a German study. International journal of sociology, 30(3), 45-70.
Burgel, O., Fier, A., Licht, G., & Murray, G. C. (2000). Internationalisation of high-tech start-ups and fast growth-evidence for UK and Germany.
Certo, S. T., Daily, C. M., & Dalton, D. R. (2001). Signaling firm value through board structure: An investigation of initial public offerings. Entrepreneurship theory and practice, 26(2), 33-50.
Charreaux, G. (2008). À la recherche du lien perdu entre caractéristiques des dirigeants et performance de la firme: gouvernance et latitude managériale. Retrieved from
Daily, C. M., & Dalton, D. R. (1992). The relationship between governance structure and corporate performance in entrepreneurial firms. Journal of Business Venturing, 7(5), 375-386.
Daily, C. M., & Thompson, S. S. (1994). Ownership structure, strategic posture, and firm growth: An empirical examination. Family business review, 7(3), 237-249.
Davidsson, P., & Delmar, F. (1997). High-growth firms: characteristics, job contribution and method observations.
Davidsson, P., Kirchhoff, B., Hatemi–J, A., & Gustavsson, H. (2002). Empirical analysis of business growth factors using Swedish data. Journal of Small Business Management, 40(4), 332-349.
Deakins, D., O'Neill, E., & Mileham, P. (2000). The role and influence of external directors in small, entrepreneurial companies: some evidence on VC and non-VC appointed external directors. Venture Capital: An International Journal of Entrepreneurial Finance, 2(2), 111-127.
Delmar, F., Davidsson, P., & Gartner, W. B. (2003). Arriving at the high-growth firm. Journal of Business Venturing, 18(2), 189-216.
Donaldson, L., & Davis, J. H. (1991). Stewardship theory or agency theory: CEO governance and shareholder returns. Australian Journal of management, 16(1), 49-64.
Fried, V. H., Bruton, G. D., & Hisrich, R. D. (1998). Strategy and the board of directors in venture capital-backed firms. Journal of Business Venturing, 13(6), 493-503.
Gales, L. M., & Kesner, I. F. (1994). An analysis of board of director size and composition in bankrupt organizations. Journal of business research, 30(3), 271-282.
Geletkanycz, M. A., & Hambrick, D. C. (1997). The external ties of top executives: Implications for strategic choice and performance. Administrative Science Quarterly, 654-681.
Glancey, K. (1998). Determinants of growth and profitability in small entrepreneurial firms. International Journal of Entrepreneurial Behavior & Research, 4(1), 18-27.
Gupta, P. D., Guha, S., & Krishnaswami, S. S. (2013). Firm growth and its determinants. Journal of Innovation and Entrepreneurship, 2(1), 15.
Halikias, J., & Panayotopoulou, L. (2003). Chief executive personality and export involvement. Management Decision, 41(4), 340-349.
Hambrick, D. C., & Crozier, L. M. (1985). Stumblers and stars in the management of rapid growth. Journal of Business Venturing, 1(1), 31-45.
Hillman, A. J., & Dalziel, T. (2003). Boards of directors and firm performance: Integrating agency and resource dependence perspectives. Academy of Management Review, 28(3), 383-396.
Hillman, A. J., Keim, G. D., & Luce, R. A. (2001). Board composition and stakeholder performance: Do stakeholder directors make a difference? Business & Society, 40(3), 295-314.
Hölzl, W. (2013). Persistence, survival, and growth: a closer look at 20 years of fast-growing firms in Austria. Industrial and corporate change, 23(1), 199-231.
Hoxha, D., & Capelleras, J.-L. (2010). Fast-growing firms in a transitional and extreme environment: are they different? Journal of small business and Enterprise Development, 17(3), 350-370.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of financial economics, 3(4), 305-360.
Konings, J. (1997). Firm growth and ownership in transition countries. Economics Letters, 55(3), 413-418.
Mateev, M., & Anastasov, Y. (2010). Determinants of small and medium sized fast growing enterprises in central and eastern Europe: a panel data analysis. Financial Theory and Practice, 34(3), 269-295.
Moreno, A. M., & Casillas, J. C. (2007). High-growth SMEs versus non-high-growth SMEs: a discriminant analysis. Entrepreneurship and regional development, 19(1), 69-88.
Muth, M., & Donaldson, L. (1998). Stewardship theory and board structure: A contingency approach. Corporate Governance: An International Review, 6(1), 5-28.
Navaretti, G. B., Castellani, D., & Pieri, F. (2014). Age and firm growth: evidence from three European countries. Small Business Economics, 43(4), 823-837.
Noel, A. (1989). Strategic cores and magnificent obsessions: Discovering strategy formation through daily activities of CEOs. Strategic Management Journal, 10(S1), 33-49.
O'Reilly, C. A., & Chatman, J. (1986). Organizational commitment and psychological attachment: The effects of compliance, identification, and internalization on prosocial behavior. Journal of applied psychology, 71(3), 492.
OECD. (2010). OECD Studies on SMEs and Entrepreneurship High-Growth Enterprises: What Governments Can Do to Make a Difference: Organisation for Economic Co-operation and Development.
Phạm Quốc Việt, & Lê Quốc Thành. (2016). Hoàn thiện chính sách tài chính hỗ trợ tăng trưởng doanh nghiệp – Phương pháp tiếp cận theo trường phái quản trị dựa trên các yếu tố thành công chính yếu (CSFs based management): một nghiên cứu cho các doanh nghiệp phát triển nhanh tại Việt Nam. Đề tài nghiên cứu khoa học cấp Bộ (Bộ Tài chính).
Ramaswamy, V., Ueng, C. J., & Carl, L. (2008). Corporate governance characteristics of growth companies: An empirical study. Academy of Strategic Management Journal, 7, 21.
Raymond, L., Bergeron, F., & Blili, S. (2005). The assimilation of E‐business in manufacturing SMEs: Determinants and effects on growth and internationalization. Electronic Markets, 15(2), 106-118.
Rosenstein, S., & Wyatt, J. G. (1994). Shareholder wealth effects when an officer of one corporation joins the board of directors of another. Managerial and Decision Economics, 15(4), 317-327.
Schreyer, P. (2000). High-growth firms and employment.
Shleifer, A., & Vishny, R. W. (1997). A survey of corporate governance. The Journal of Finance, 52(2), 737-783.
Siegel, R., Siegel, E., & Macmillan, I. C. (1993). Characteristics distinguishing high-growth ventures. Journal of Business Venturing, 8(2), 169-180.
Smith, N., Smith, V., & Verner, M. (2006). Do women in top management affect firm performance? A panel study of 2,500 Danish firms. International Journal of Productivity and Performance Management, 55(7), 569-593.
Steffensmeier, D., & Allan, E. (1996). Gender and crime: Toward a gendered theory of female offending. Annual Review of Sociology, 22(1), 459-487.
Storey, D. (2000). A Portrait of Success: The Facts Behind High Growth Companies in the UK (Deloitte & Touche, London).
Võ Hồng Đức, & Phan Bùi Gia Thủy. (2013). Quản trị công ty & hiệu quả hoạt động doanh nghiệp: Minh chứng thực nghiệm từ các công ty niêm yết trên Sở giao dịch Chứng khoán TP.HCM. Tạp chí Phát triển Kinh tế(275), 01-15.
Voulgaris, F., Asteriou, D., & Agiomirgianakis, G. (2003). The determinants of small firm growth in the Greek manufacturing sector. Journal of Economic Integration, 817-836.
Wernerfelt, B. (1984). A resource‐based view of the firm. Strategic management journal, 5(2), 171-180.
Wirtz, P. (2011). The cognitive dimension of corporate governance in fast growing entrepreneurial firms. European Management Journal, 29(6), 431-447.