THE INFLUENCE OF CAPITAL STRUCTURE ON FIRM PERFORMANCE OF VIETNAM’S LISTED COMPANIES
Abstract & Details
Research Area
Economics
Keywords
capital structures
firm performance
stock exchanges
Abstract
The use of debt or retained earnings to finance the business activities of enterprises brings different firm performance. This topic, therefore, needs to be studied carefully to come up with a strategy using the most effective and efficient capital structures. This study analyzes the impact of capital structure on the firm performance of non-financial firms listed on Vietnamese stock exchanges. Based on panel data collected from 604 companies using the regression analysis technique, the study shows debt ratio (both short and long term) has a negative impact on firm performance. Besides, the results also indicate statistically significant differences between state-owned enterprises and other types of enterprises in the terms of their capital structure. Drawn on the findings, the author continues to provide some implications to improve firm performance based on using strategic capital structures.
License
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Author Information
| # | Name | Institute / Affiliation |
|---|---|---|
| 1 | Do Quang Khang | Academy of Journalism and Communication, Viet Nam |
| 2 | Nguyen Thi Thanh Vinh | Thai Nguyen University of Economics and Business Administration |
How to Cite
Use the following formats to cite this article in your research.
APA Style
Khang, Do Quang & Vinh, Nguyen Thi Thanh (2021). THE INFLUENCE OF CAPITAL STRUCTURE ON FIRM PERFORMANCE OF VIETNAM’S LISTED COMPANIES. International Journal of Advance Research and Innovative Ideas In Education, 7(2), 513-518.
MLA Style
Khang, Do Quang, and Nguyen Thi Thanh Vinh. "THE INFLUENCE OF CAPITAL STRUCTURE ON FIRM PERFORMANCE OF VIETNAM’S LISTED COMPANIES." International Journal of Advance Research and Innovative Ideas In Education, vol. 7, no. 2, 2021, pp. 513-518.
IEEE Style
Do Quang Khang and Nguyen Thi Thanh Vinh, "THE INFLUENCE OF CAPITAL STRUCTURE ON FIRM PERFORMANCE OF VIETNAM’S LISTED COMPANIES," International Journal of Advance Research and Innovative Ideas In Education, vol. 7, no. 2, pp. 513-518, 2021.
Vancouver Style
Khang Do Quang, Vinh Nguyen Thi Thanh. THE INFLUENCE OF CAPITAL STRUCTURE ON FIRM PERFORMANCE OF VIETNAM’S LISTED COMPANIES. International Journal of Advance Research and Innovative Ideas In Education. 2021;7(2):513-518.
Harvard Style
Khang, Do Quang & Vinh, Nguyen Thi Thanh (2021) 'THE INFLUENCE OF CAPITAL STRUCTURE ON FIRM PERFORMANCE OF VIETNAM’S LISTED COMPANIES', International Journal of Advance Research and Innovative Ideas In Education, 7(2), pp. 513-518.
Chicago Style
Khang, Do Quang and Nguyen Thi Thanh Vinh. "THE INFLUENCE OF CAPITAL STRUCTURE ON FIRM PERFORMANCE OF VIETNAM’S LISTED COMPANIES." International Journal of Advance Research and Innovative Ideas In Education 7, no. 2 (2021): 513-518.
Turabian Style
Khang, Do Quang and Nguyen Thi Thanh Vinh. "THE INFLUENCE OF CAPITAL STRUCTURE ON FIRM PERFORMANCE OF VIETNAM’S LISTED COMPANIES." International Journal of Advance Research and Innovative Ideas In Education 7, no. 2 (2021): 513-518.
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