| dc.description.abstract | Recently, corporate members have been important to control and
support behavior for managers to have effective investment, and it
could improve firm value. Besides, investment efficiency is
essential for managers to control their behavior for increasing firm
value. Therefore, the research objective for this study is that firstly,
it can examine the association between investment efficiency and
firm value, secondly, this study examines the moderated effect of
institutional ownership on relationship between investment
efficiency and firm value. This study examines exactly 1562
observations for this experiment, or exactly 142 Vietnamese firms
that are listed in HOSE and HNX construct this study during 2011-
2021 based on investment efficiency, firm value, and institutional
ownership measurement. Based on panel regression analyst for
baseline model, for relationship between investment efficiency and
firm value, investment efficiency has significant positive
relationship with firm value. Based on additional model analyst, for
the moderated effect of institutional ownership on investment
efficiency and firm value, institutional ownership has negatively
moderated effect on relationship between investment efficiency and
firm value. | en_US |
