| dc.description.abstract | This paper mainly investigates about the effects between foreign ownership
and stock price volatility of industrial firms listed on Ho Chi Minh Stock exchange.
Furthermore, the author examines other potential factors (firm size, leverage, market to
book ratio and turnover) affect on stock price volatility. Using panel data for the period
from 2013 to 2016, data set includes everyday closing stock price (VOL), Foreing
ownership level (FOWN), Firm Size (SIZE), Firm Leverage (LEV), Market to Book
value ratio (MTB), Turnover (TURNOVER). Fixed Effects regression is applied to find
the relationship between foreign ownership level and stock return volatility. The paper’s
result shows that foreign ownership has negative relationship with stock return volatility.
As the reliance variable, it is found significant. It stabilizes the role of foreign investors in
firm’s performance as reducing stock price volatility.
Key word
foreign ownership, volatility, stock return | en_US |
