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VGU RESEARCH REPOSITORY


Please use this identifier to cite or link to this item: https://epub.vgu.edu.vn/handle/dlibvgu/1318
Title: Corruption in the early stage of a transition economy: Vietnam in 1993
Authors: Truong Minh Ngoc 
Keywords: Corruption;Transition economy
Issue Date: 2022
Abstract: 
This paper investigates the determinants of capital structure on Vietnamese real estate listed firms. The panel data analysis consists of 36 publicly traded real estate corporations on Ho Chi Minh Stock Exchange in Vietnam over the period of 2017-2021. Secondary data were collected from financial statements of 36 enterprises. Descriptive analysis, correlation analysis, and regression analysis were carried out to test the hypotheses. Regarding the regression analysis, four different static panel data estimation techniques were conducted to estimate the most robust regression model result. The results show that profitability have a negative and significant impact on the three debt measures. In contrast, growth opportunities and asset tangibility is significantly positively correlated to capital structure. In addition, firm size, and non-debt tax shield have different relationship depending on whether it is long-term or short-term debt. In general, the results support the predictions of agency cost, trade-off, and pecking order theories.
URI(1): https://epub.vgu.edu.vn/handle/dlibvgu/1318
Rights: Attribution-NonCommercial 4.0 International
Appears in Collections:Finance & Accounting (FA)

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