Corporate Governance, Agency Cost, and Business Performance: Evidence from Construction and Real Estate Firms

This paper aims to investigate the impact of corporate governance and agency cost on firm performance by using the Feasible Generalized Least Squares (FGLS) model and data panel analysis on Vietnamese listed firms in the construction & real estate sector in the period of 2015 - 2021. Empirical results indicate that asset turnover ratio, ownership structure, board size, percentage of female board members, total assets, and revenue growth are positively related to firm performance. We find that an