Capital structure and growth option: evidence from Vietnam’s stock market
By Nguyen Cong Thanh (VNP 22) Supervisor: Dr. Nguyen Vu Hong Thai Abstract The research identifies the impacts of growth opportunities on capital structure of Vietnamese companies. All of the listed firms on Ho Chi Minh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) from 2008 to 2015 are included in the research data. The […]
Inter-relationship between capital structure, free cash flow, diversification and firm performance
By Thai Ba Toan (VNP 21) Supervisor: Dr. Pham Dinh Long Abstract Improving firm performance is always a top concern of companies. The global financial crisis and public – debt crisis in Europe has had a negative impact on the economy of Vietnam, especially on Vietnamese companies. Therefore, the issues of performance enhancement, escaping from stagnating […]
Firm’s histories, managerial entrenchment and leverage ratio from Vietnam’s listed firms
By Pham Le Phuong Lan (VNP 21) Supervisor: Dr. Vo Hong Duc Abstract Managerial entrenchment occurs when managers are able to manipulate financing decisions to support their own interests rather than those of shareholders. Furthermore, the market timing activity is considerably explained by managers’ financing decisions through which companies choose to raise debt or equity to […]
The effect of bank capital and ownership structure on bank performance: Evidence in Vietnam
By Nguyen Thi Viet Anh (VNP 20) Supervisor: Dr. Nguyen Thi Thuy Linh Abstract This study aimed at assessing the impact of capital structure and ownership structure on Vietnamese bank performance. The study used secondary data of forty-nine Vietnamese banks with 387 observations in the period 2005-2014, employing Feasible General Least Square as well as […]
Does firm characteristic matter in capital structure decision? An empirical study of listed food processing companies in Vietnam
By Dinh Thi Thu (VNP 17) Supervisor: Dr. Nguyen Xuan Thanh/ Dr. Nguyen Trong Hoai Abstract The aim of this paper is to explore the firm-specific factors that affect the capital structure of food processing companies listed in Vietnamese stock exchange. The paper firstly reviews theories of capital structure: trade-off theory, pecking-order theory and other […]
Determinants of bank capital structure: The case of Vietnamese commercial bank system
By Pham Tuan Anh (VNP 17) Supervisor: Dr. Cao Hao Thi Abstract The study aims to identify determinants of Vietnamese banking capital structure. Using panel data analysis like Fixed Effects Method (FEM) and Random Effects Method (REM), the study investigates the effect of size, growth, collateral value, profitability, dividend policy and business risk determinants to […]
Determinants of capital structure for listed construction companies in Vietnam
By Nguyen Thi My Khanh (VNP 16) Supervisor: Dr. Nguyen Trong Hoai Abstract This study explores the determinant of capital structure of Vietnam listed construction companies using panel data for the period of 2007-2012. Tangibility, profitability, size, growth and liquidity use as independent variables. Total leverage, short-term leverage and long-term leverage were dependent variable. The […]
