The objective of this paper focuses on evaluating the impacts of governance factors on the firm performance of Vietnamese listed consumer goods enterprises. The study uses 2 factors representing firm governance such as the size of the director board (BS), CEO Duality (CDU), and 4 controlling factors like the stock price (SP), capital expenditure to total assets (CAPEX), sale growth (GS), as well as firm size (AS) to assess the influence on firm performance. Firm performance is measured by Tobin Q (TOB). Three kinds of models like Pooled OLS, Random Effected, and Fixed Effected are applied to analyze data from 75 listed consumer goods firms with 825 observations in the period from 2010 to 2020. The study uses Stata software 15 for implementing the regression models as well as testing research variables. The findings show that there is an impact of governance factors on firm performance in which size of director board, stock price, capital expenditure to assets, sale growth express positive statistics significant on firm performance. CEO duality has an unclear result in all three models. Besides, total asset still indicates a different result. It proves that there is a negative relationship with firm performance. The findings are a necessary base for firms’ managers as well as policymakers to issue suitable policies in the future.
