A regression model for determinants of foreign ownership ratio of listed financial firms: Evidence from the Vietnam stock exchange

Abstract

Foreign ownership in financial enterprises is a crucial characteristic that impacts the activities of these enterprises. Therefore, the topic of foreign ownership ratio in these enterprises and factors that affect this ratio has drawn the attention of many researchers both domestically and internationally. Based on previous research findings along with qualitative research methods, this study provides an overview of theoretical foundations and practical considerations in order to propose a model to investigate the factors influencing the foreign ownership ratio in financial enterprises. The novelty of this research lies in its focus on listed financial enterprises in the Vietnam stock market, specifically in the context of significant fluctuation due to the impact of the COVID-19 pandemic. The proposed model serves as a premise and reference for future studies aiming to evaluate the influence of various factors on the foreign ownership ratio in listed financial enterprises on the Vietnam stock exchange.