During the 1980s Vietnam experienced a radical process of industrial and service sector liberalization, known as doi moi. The process was initiated by the government as a means for managing the collapse in overseas financial support occasioned by the demise of its principal supporter, the former...

In this paper we investigate the hypothesis that international differences in corporate governance systems may be portrayed through measuring the duration of stock markets. Stock market duration provides a means of measuring the average length of time for which investors retain their investment...