Determinants of capital structure for listed construction companies in Vietnam
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 depende...
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| Định dạng: | Master's Theses |
| Ngôn ngữ: | English |
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University of Economics Ho Chi Minh City; VNP (Vietnam – The Netherlands Programme for M.A. in Development Economics)
2018
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| Truy cập trực tuyến: | http://vnp.edu.vn/vi/nghien-cuu/luan-van-tot-nghiep/tom-tat-luan-van/798-determinants-of-capital-structure-for-listed-construction-companies-in-vietnam.html http://digital.lib.ueh.edu.vn/handle/UEH/57993 |
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oai:localhost:UEH-579932018-11-15T08:59:22Z Determinants of capital structure for listed construction companies in Vietnam Nguyen Thi My Khanh Dr. Nguyen Trong Hoai Capital structure Leverage Construction companies 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 research finds that all the selected independent variables were significantly associated to at least one of the leverage ratios except profitability. Profitability seems to have no significant effect to the capital structure of Vietnamese construction listed firms. A positive significant related to leverage and tangibility and growth variables; a negative relationship between leverage and liquidity also supported the implication of pecking order theory while a positive significant of size variable confirmed to prediction of trade off theory. The study also finds that there are different in determinants of capital structure between public and private firms in construction industry about the profitability and growth variables. Size, profitability and liquidity effect to leverage of public firms while size, growth and liquidity have a relation to leverage of private firms. Public firms tend to use more debt than private firms. 2018-11-15T08:59:22Z 2018-11-15T08:59:22Z 2013 Master's Theses http://vnp.edu.vn/vi/nghien-cuu/luan-van-tot-nghiep/tom-tat-luan-van/798-determinants-of-capital-structure-for-listed-construction-companies-in-vietnam.html http://digital.lib.ueh.edu.vn/handle/UEH/57993 English reserved 49 p. University of Economics Ho Chi Minh City; VNP (Vietnam – The Netherlands Programme for M.A. in Development Economics) |
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Đại học Kinh tế Thành phố Hồ Chí Minh |
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DSpaceUEH |
| language |
English |
| topic |
Capital structure Leverage Construction companies |
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Capital structure Leverage Construction companies Nguyen Thi My Khanh Determinants of capital structure for listed construction companies in Vietnam |
| description |
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 research finds that all the selected independent variables were significantly associated to at least one of the leverage ratios except profitability. Profitability seems to have no significant effect to the capital structure of Vietnamese construction listed firms. A positive significant related to leverage and tangibility and growth variables; a negative relationship between leverage and liquidity also supported the implication of pecking order theory while a positive significant of size variable confirmed to prediction of trade off theory. The study also finds that there are different in determinants of capital structure between public and private firms in construction industry about the profitability and growth variables. Size, profitability and liquidity effect to leverage of public firms while size, growth and liquidity have a relation to leverage of private firms. Public firms tend to use more debt than private firms. |
| author2 |
Dr. Nguyen Trong Hoai |
| author_facet |
Dr. Nguyen Trong Hoai Nguyen Thi My Khanh |
| format |
Master's Theses |
| author |
Nguyen Thi My Khanh |
| author_sort |
Nguyen Thi My Khanh |
| title |
Determinants of capital structure for listed construction companies in Vietnam |
| title_short |
Determinants of capital structure for listed construction companies in Vietnam |
| title_full |
Determinants of capital structure for listed construction companies in Vietnam |
| title_fullStr |
Determinants of capital structure for listed construction companies in Vietnam |
| title_full_unstemmed |
Determinants of capital structure for listed construction companies in Vietnam |
| title_sort |
determinants of capital structure for listed construction companies in vietnam |
| publisher |
University of Economics Ho Chi Minh City; VNP (Vietnam – The Netherlands Programme for M.A. in Development Economics) |
| publishDate |
2018 |
| url |
http://vnp.edu.vn/vi/nghien-cuu/luan-van-tot-nghiep/tom-tat-luan-van/798-determinants-of-capital-structure-for-listed-construction-companies-in-vietnam.html http://digital.lib.ueh.edu.vn/handle/UEH/57993 |
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AT nguyenthimykhanh determinantsofcapitalstructureforlistedconstructioncompaniesinvietnam |
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