Foreign trading and firm value

Abstract

This study aims to investigate the effect of foreign trading on firm value, in terms of Tobin’s Q. Using the sample of Vietnamese listed firms over the 2010 – 2021 period and the Generalized Least Squares (GLS), the regression results show that the increase in foreign trading is positively associated with the increase in firm value. Specifically, the higher net traded value of foreigner the higher firm value is. In addition, the increase in net buy value also enhances firm value.