Does capital structure affect firm value in Vietnam?
نویسندگان
چکیده
This study aims to examine whether the capital structure and several factors have significant influences on firm value in Vietnam. To achieve this objective, 435 non-financial listed companies been selected from 2012 2019 Vietnamese stock exchanges. Four groups of firms continue be chosen total investigate differences outcomes among industries. The results altogether using GMM method show that impact other control variables is significant, yet different across industries: has a positive food beverage industry, but negative effect wholesale trade construction, as well real estate while an insignificant influence enterprise considering all Apart size, also indicates mixed results.
منابع مشابه
Managerial Power, Capital Structure and Firm Value
With the reform of our property rights system, the maturity of the capital market, and the diversification of corporate financing, the capital structure decision has become the major concern of financial management. There are numbers of researches on how to determine the optimal capital structure, what factors affect the capital structure and what the relationship is like between the capital st...
متن کاملDoes Corporate Governance Affect Firm Value? Evidence from Korea
† Earlier versions of this paper were presented at the Second Asian Conference on Corporate Governance (2002), 8th Mitsui Life Symposium on Global Financial Markets (2002), International Monetary Fund (2003), KAEA (Korea America Economic Association) annual meeting (2003), Korea Fair Trade Commission (2002), Korea Association of Industrial Organization (2002), KDI School of Public Policy and Ma...
متن کاملDoes Diversification Affect Capital Structure and Profitability in Pakistan?
Diversification has become a common strategy of corporate risk management along with availing other potential benefits. The intent of this study is to identify and analyze the nature of relationship that exists between diversification and capital structure as well as profitability in Pakistan. For this purpose we use the 10 years’ (2000-2009) data of all the companies of chemical and food secto...
متن کاملCapital Structure and Firm Value A Study of Split-Capital Closed-End Funds in the UK
Ever since Modigliani and Miller made their irrelevance proposition, a key theme in corporate finance has been to explain the conditions under which capital structure does affect firm value. Split-capital closed-end funds successfully exploit such conditions, being worth on average 11% more than conventional closed-end funds. Cross-section and time-series analyses reveal that the extra value co...
متن کاملCapital Structure and Firm Performance:
Corporate governance theory predicts that leverage affects agency costs and thereby influences firm performance. We propose a new approach to test this theory using profit efficiency, or how close a firm’s profits are to the benchmark of a best-practice firm facing the same exogenous conditions. We are also the first to employ a simultaneous-equations model that accounts for reverse causality f...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Investment management & financial innovations
سال: 2021
ISSN: ['1810-4967', '1812-9358', '1813-4998']
DOI: https://doi.org/10.21511/imfi.18(1).2021.03