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Analyze the Determinants of Capital Structure for Vietnamese Real Estate Listed Companies

Author

Listed:
  • Nguyen Thi Phuong Nhung

    (Faculty of Economics & Commerce - Hoa Sen University, Ho Chi Minh City, Vietnam,)

  • Nguyen Phuong Lien

    (Faculty of Economics & Commerce - Hoa Sen University, Ho Chi Minh City, Vietnam,)

  • Dang Thi Thu Hang

    (Faculty of Economics & Commerce - Hoa Sen University, Ho Chi Minh City, Vietnam.)

Abstract

This study adopts a two-step system general method of moments approach towards investigating the determinants of capital structure for the listed real estate firms on Ho Chi Minh stock exchange in Vietnam from 2010 to 2015. The determinants of capital structure are mixed and different for short-term and long-term indicators. The real estate firms tend to use more debts to finance their investment. Vietnamese real estate firms should focus on balance structure debt due to complicated impacts of the determinants to their capital structure. There are some implications for the real estate companies and policy of the government that are based on the empirical results.

Suggested Citation

  • Nguyen Thi Phuong Nhung & Nguyen Phuong Lien & Dang Thi Thu Hang, 2017. "Analyze the Determinants of Capital Structure for Vietnamese Real Estate Listed Companies," International Journal of Economics and Financial Issues, International Journal of Economics and Financial Issues, vol. 7(4), pages 270-282.
    • Handle: RePEc:eco:journ1:2017-04-36
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    References listed on IDEAS

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    Cited by:

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    2. Vu, Loan T. & Vu, Anh T. H. & Nguyen, Thao T. P., 2021. "Impacts of Capital Structure and Dividend Policy on the Financial Performance of Listed Companies on Vietnamese Stocks Market," OSF Preprints u8pd9, Center for Open Science.
    3. K. Opoku-Asante & E. C. Winful & M. Sharifzadeh & M. Neubert, 2022. "The Relationship Between Capital Structure and Financial Performance of Firms in Ghana and Nigeria," European Journal of Business and Management Research, European Open Science, vol. 7(1), pages 236-244, January.

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    More about this item

    Keywords

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    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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