Master's thesis "Factors impacting on abnormal investment of listed firms in Ho Chi Minh stock exchange" to study factors impacting on abnormal investment in Vietnam, namely that factors are free cash flow and dividends. To achieve the main purpose, the study aims to first classify abnormal investment into two categories, over- and under-investment, by using an accounting-based framework developed by Richardson (2006) and Guariglia and Yang (2016).

The overall objective of the thesis is to focus on studying the impact of the board's characteristics on asymmetric information of listed firms in Vietnam, based on which the thesis recommends several policies to limit asymmetric information.

The objective of the thesis is to studying the factors and evaluating the level of information disclosure in the annual report of listed companies at a certain historical period, in the context of a changing in the regulation of information disclosure of listed company. Specifically: (1) Evaluating the level of information disclosure in annual reports; (2) Identify and assess the influence of factors on the level of information disclosure of listed companies at this time.