Local business environment, domestic CEOs and firm performance in a transitional economy: Empirical evidence from Vietnam

摘要: Abstract This paper investigates the impact of CEO origin on firm performance in context a transitional country. Our analysis, which uses data from over 298,000 firms operating Vietnam, shows that more favourable business environment are less likely to employ domestic expert as their CEO. However, managed by appear outperform those run foreign peer, especially when they operate an characterised having low entry costs, time high transparency, proactivity, adequate support, and sufficient labour training. result is pronounced for larger firms. These findings robust various model specifications. The provides informative implications market participants, policy makers, academics.