The impact of family ownership and under-aspiration performance on a firm’s capital structure

Research on the capital structure of family firms has flourished in recent years, but impact performance aspiration and ownership together remains inadequately investigated. Therefore, purpose this study is to explore under-aspiration their interaction structure. Panel data estimations were applied with a unique dataset 3.857 observations from 387 public Vietnam 2010 2020 (134 253 non-family firms). The results reveal that each positive effect However, negatively moderates These findings contribute stream studies by exploring role performance, as well provide important implications for shareholders, managers debtors financial management.