Since 2014
Factors Effect on Capital Structure The Caseof Delisted Companies on the Vietnam Stock Market
VNU Journal of Science: Economics and Business
View Archive Info| Field | Value | |
| Title |
Factors Effect on Capital Structure The Caseof Delisted Companies on the Vietnam Stock Market
— |
|
| Creator |
Nguyen, Khuong Vinh
Dinh, Thao Thi Thu |
|
| Description |
The intent of this study is to investigate the factors effect on the capital structure of companies delisted on the stock market. In the period from 2012 to 2015, 120 companies delisted on Vietnam’s stock markets (HNX and HOSE). We classified the chosen companies delisted by delisting reason. We then we chose those companies delisted relating to the issue of capital. Based on data from 80 companies delisted on Vietnam stock markets using quantitative research methods, we find a correlation between the debt ratio of the firms and the proxy of firm’s performance, the proxy of firm size, the liquidity ratio and return on assets. The study results have implications for investors and for managers in making decisions about optimal capital structure. The results are a basis for investors to predict the health of the companies in which they intend to invest, or delisted companies that have still the capability of developing.
|
|
| Publisher |
Vietnam National University, Hanoi
|
|
| Date |
2016-12-15
|
|
| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
|
| Format |
application/pdf
|
|
| Identifier |
https://js.vnu.edu.vn/EAB/article/view/4064
|
|
| Source |
VNU Journal of Science: Economics and Business; Vol 32 No 5E
Chuyên san Kinh tế và Kinh doanh; Vol 32 No 5E 2588-1108 2615-9287 |
|
| Language |
eng
|
|
| Relation |
https://js.vnu.edu.vn/EAB/article/view/4064/3785
|
|
| Rights |
Copyright (c) 2016 VNU Journal of Science: Economics and Business
|
|