Investigating Factors Affecting Capital Structure of Equitized State-Owned Enterprises in Ho Chi Minh City
Using panel data along with the application of Pooled OLS, FEM, and REM estimates, this study conducts an investigation into the effects of a series of factors, namely state ownership, size, tangible assets, growth, return on assets (ROA), effective tax rate, and liquidity, on capital structure of 1...
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University of Economics Ho Chi Minh City
2023
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| Truy cập trực tuyến: | http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=3b6e94b3-b546-40b9-ae52-36439655f4b5 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115478 |
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oai:scholar.dlu.edu.vn:DLU123456789-1154782023-03-08T03:56:23Z Investigating Factors Affecting Capital Structure of Equitized State-Owned Enterprises in Ho Chi Minh City Tran, Thi Thuy Linh Using panel data along with the application of Pooled OLS, FEM, and REM estimates, this study conducts an investigation into the effects of a series of factors, namely state ownership, size, tangible assets, growth, return on assets (ROA), effective tax rate, and liquidity, on capital structure of 165 HCMC-based equitized state-owned enterprises (SOEs), categorized into three groups over the 2008–2012 period. As suggested by the findings, tangible assets, ROA, and liquidity are negatively related to leverage ratio and short-term debt ratio for the three groups of enterprises. In terms of firm size, there exists a positive correlation with leverage ratio and short-term debt ratio for Group 1 and 2 but a negative correlation with short-term debt ratio for the case of Group 3. 2023-03-08T03:56:23Z 2023-03-08T03:56:23Z 2015 Article 2615-9112 http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=3b6e94b3-b546-40b9-ae52-36439655f4b5 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115478 10.24311/jabes/2015.22.4.04 en Journal of Asian Business and Economic Studies, Volume 22, Issue 04; p. 92-116 application/pdf University of Economics Ho Chi Minh City |
| institution |
Thư viện Trường Đại học Đà Lạt |
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Thư viện số |
| language |
English |
| description |
Using panel data along with the application of Pooled OLS, FEM, and REM estimates, this study conducts an investigation into the effects of a series of factors, namely state ownership, size, tangible assets, growth, return on assets (ROA), effective tax rate, and liquidity, on capital structure of 165 HCMC-based equitized state-owned enterprises (SOEs), categorized into three groups over the 2008–2012 period. As suggested by the findings, tangible assets, ROA, and liquidity are negatively related to leverage ratio and short-term debt ratio for the three groups of enterprises. In terms of firm size, there exists a positive correlation with leverage ratio and short-term debt ratio for Group 1 and 2 but a negative correlation with short-term debt ratio for the case of Group 3. |
| format |
Article |
| author |
Tran, Thi Thuy Linh |
| spellingShingle |
Tran, Thi Thuy Linh Investigating Factors Affecting Capital Structure of Equitized State-Owned Enterprises in Ho Chi Minh City |
| author_facet |
Tran, Thi Thuy Linh |
| author_sort |
Tran, Thi Thuy Linh |
| title |
Investigating Factors Affecting Capital Structure of Equitized State-Owned Enterprises in Ho Chi Minh City |
| title_short |
Investigating Factors Affecting Capital Structure of Equitized State-Owned Enterprises in Ho Chi Minh City |
| title_full |
Investigating Factors Affecting Capital Structure of Equitized State-Owned Enterprises in Ho Chi Minh City |
| title_fullStr |
Investigating Factors Affecting Capital Structure of Equitized State-Owned Enterprises in Ho Chi Minh City |
| title_full_unstemmed |
Investigating Factors Affecting Capital Structure of Equitized State-Owned Enterprises in Ho Chi Minh City |
| title_sort |
investigating factors affecting capital structure of equitized state-owned enterprises in ho chi minh city |
| publisher |
University of Economics Ho Chi Minh City |
| publishDate |
2023 |
| url |
http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=3b6e94b3-b546-40b9-ae52-36439655f4b5 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115478 |
| _version_ |
1819800425910501376 |