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Capital Structure and Investment Behavior of Listed Companies in Vietnam: An Estimation of the Influence of Government Ownership
International Journal of Business and Information
View Archive Info| Field | Value | |
| Title |
Capital Structure and Investment Behavior of Listed Companies in Vietnam: An Estimation of the Influence of Government Ownership
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| Creator |
Okuda, Hidenobu
Nhung, Lai Thi Phuong |
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| Description |
This study investigates the capital structure and investment activities of listed companies on the Hanoi Securities Exchange and the Ho Chi Minh Securities Exchange in Vietnam. Estimation analysis using panel data covering the four-year period 2006-2009 implies that the economic reforms (Doi Moi) implemented by the Vietnamese government have achieved some of their goals in terms of fund mobilization and corporate financing. This estimation study, however, also illustrates several limitations of the economic reforms, such as the opaque relationship between state-controlled companies and government banks, financial restrictions on investment activities, and inactive investment of companies that are state-controlled or that are listed on the Ho Chi Minh Securities Exchange.
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| Publisher |
International Business Academics Consortium
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| Date |
2015-11-14
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
https://ijbi.org/ijbi/article/view/69
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| Source |
International Journal of Business and Information; Vol 7 No 2 (2012)
2520-0151 1728-8673 |
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| Language |
eng
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| Relation |
https://ijbi.org/ijbi/article/view/69/75
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| Rights |
Copyright (c) 2015 International Journal of Business and Information
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