IDEAS home Printed from https://ideas.repec.org/a/ids/intjaf/v8y2018i2p122-132.html
   My bibliography  Save this article

Capital structure and firm financial performance in Vietnam

Author

Listed:
  • Nguyen Huu Anh
  • Doan Thuy Duong
  • Sung Wook Yoon

Abstract

We investigate the relation between the capital structure and financial performance of 235 Vietnamese companies listed on the Ho Chi Minh Stock Exchange during 2011-2013. Ordinary least squares (OLS), fixed effect method (FEM) and random effect method (REM) are employed to address econometric issues and to improve the accuracy of the regression coefficients. Furthermore, the dynamic panel generalised method of moments (GMM) estimator is adopted to address the problems of endogeneity, unobservable heterogeneity and simultaneity. The results show that financial performance, measured by return on equity (ROE) and earning per share (EPS), has a statistically significant negative association with leverage level.

Suggested Citation

  • Nguyen Huu Anh & Doan Thuy Duong & Sung Wook Yoon, 2018. "Capital structure and firm financial performance in Vietnam," International Journal of Accounting and Finance, Inderscience Enterprises Ltd, vol. 8(2), pages 122-132.
    • Handle: RePEc:ids:intjaf:v:8:y:2018:i:2:p:122-132
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=93255
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Olayiwola Kabirat Abiola & Intan Waheedah Othman, 2022. "Financial Management and Firms' Profitability: Evidence from Nigerian Manufacturing Listed Firms," Business and Economic Research, Macrothink Institute, vol. 12(2), pages 190-201, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:intjaf:v:8:y:2018:i:2:p:122-132. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=231 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.