Researching the effect of internal control systems, governance corporation and corporation social responsibility on the market value of listed companies

Abstract

According to the Stakeholder and Stockholders Theory and Principal - Agent Theory, this study examines the impact of internal control systems, corporate governance, and corporate social responsibility on a company's market value from the perspective of stakeholders and stockholders theory. It focuses on how these factors affect businesses in the face of unpredictable changes in the socio-economic environment. The research was conducted using data from 62 companies listed on the Ho Chi Minh City Stock Exchange (HOSE) from 2019 to 2023. The results show that strengthening internal control systems and enhancing corporate governance can improve a company's market value. The study also found that the Corporate Governance Index (CGI) variable has the most positive impact on market value, while the Sales Growth (SG) variable has the strongest negative impact. Additionally, the measurement variables in Corporate Social Responsibility have a dual impact on market value depending on social influence. More details can be found in the research article below. According to the Stakeholder and Stockholders Theory and Principal - Agent Theory, this study examines the impact of internal control systems, corporate governance, and corporate social responsibility on a company's market value from the perspective of stakeholders and stockholders theory. It focuses on how these factors affect businesses in the face of unpredictable changes in the socio-economic environment. The research was conducted using data from 62 companies listed on the Ho Chi Minh City Stock Exchange (HOSE) from 2019 to 2023. The results show that strengthening internal control systems and enhancing corporate governance can improve a company's market value. The study also found that the Corporate Governance Index (CGI) variable has the most positive impact on market value, while the Sales Growth (SG) variable has the strongest negative impact. Additionally, the measurement variables in Corporate Social Responsibility have a dual impact on market value depending on social influence. More details can be found in the research article below.