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A Study on Financial Performance of Transport & Warehouses Firms Listed on the Hanoi Stock Exchange

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  • Duc Tai Do

Abstract

The aim of this study is two-fold. Firstly, it attempts to assess the financial performance of Transport & Warehouses Firms Listed on the Hanoi Stock Exchange (HNX). Secondly, it analyses and measure Cronbach's Alpha coefficients of the dependent variable, including, return on assets (ROA), return on equity (ROE) & return on sales (ROS). A quantitative research was conducted by collecting ROA, ROE & ROS in 22 Transport & Warehouses Firms Listed on the Hanoi Stock Exchange. We then categorized the ROA, ROE and ROS indicators into 5 levels ranging from 1 to 5. The first main findings from the study reveal that there are over 30% of Transport & Warehouses Firms with low financial performance and limited financial capacity. The second main research findings resulted from Cronbach’s Alpha: Cronbach’s Alpha of ROA, ROE and ROS are pretty tall, enough for analysis. Research findings are bases for recommendations to improve financial performance of Transport & Warehouses Firms Listed on the Hanoi Stock Exchange.

Suggested Citation

  • Duc Tai Do, 2021. "A Study on Financial Performance of Transport & Warehouses Firms Listed on the Hanoi Stock Exchange," The Economics and Finance Letters, Conscientia Beam, vol. 8(1), pages 44-52.
    • Handle: RePEc:pkp:teafle:v:8:y:2021:i:1:p:44-52:id:1663
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    Cited by:

    1. Emilia Herman & Kinga-Emese Zsido, 2023. "The Financial Sustainability of Retail Food SMEs Based on Financial Equilibrium and Financial Performance," Mathematics, MDPI, vol. 11(15), pages 1-26, August.

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