The impact of trade credit investment on manufacturing firms' profitability: Evidence from Vietnam
The aim of this study is to examine the effect that trade credit investment has on firms' profitability. The characteristics of this relationship have not been dealt with in depth for manufacturing firms. We use panel data for a total of 227 Vietnamese publicly listed manufacturing firms for th...
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| Định dạng: | Journal Article |
| Ngôn ngữ: | English |
| Thông tin xuất bản: |
Mendel University of Agriculture and Forestry Brno
2020
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| Chủ đề: | |
| Truy cập trực tuyến: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-85093665155&doi=10.11118%2factaun20206804775&partnerID=40&md5=61ef80457b528b44a78aa9a9d9b9cc65 http://digital.lib.ueh.edu.vn/handle/UEH/60802 https://doi.org/10.11118/actaun202068040775 |
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oai:localhost:UEH-608022021-08-18T13:32:34Z The impact of trade credit investment on manufacturing firms' profitability: Evidence from Vietnam Pham, D.P.T. Huynh, T.C.H. Manufacturing firms Profitability Trade credit investment The aim of this study is to examine the effect that trade credit investment has on firms' profitability. The characteristics of this relationship have not been dealt with in depth for manufacturing firms. We use panel data for a total of 227 Vietnamese publicly listed manufacturing firms for the period 2005-2017. Different econometric estimation techniques such as the feasible generalized least squares, fixed effects and random effects and different calculation of firm performance such as non market-based measure (return on assets) and market-based measure (Tobin's q) are employed to validate the consistent results. The robust results confirm a statistically significant inverted U-shaped relationship between trade credit investment and profitability. 2020-12-09T06:23:54Z 2020-12-09T06:23:54Z 2021 Journal Article 1211-8516 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85093665155&doi=10.11118%2factaun20206804775&partnerID=40&md5=61ef80457b528b44a78aa9a9d9b9cc65 http://digital.lib.ueh.edu.vn/handle/UEH/60802 https://doi.org/10.11118/actaun202068040775 en Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Vol. 68, Issue 4 none Portable Document Format (PDF) 775 796 Mendel University of Agriculture and Forestry Brno |
| institution |
Đại học Kinh tế Thành phố Hồ Chí Minh |
| collection |
DSpaceUEH |
| language |
English |
| topic |
Manufacturing firms Profitability Trade credit investment |
| spellingShingle |
Manufacturing firms Profitability Trade credit investment Pham, D.P.T. The impact of trade credit investment on manufacturing firms' profitability: Evidence from Vietnam |
| description |
The aim of this study is to examine the effect that trade credit investment has on firms' profitability. The characteristics of this relationship have not been dealt with in depth for manufacturing firms. We use panel data for a total of 227 Vietnamese publicly listed manufacturing firms for the period 2005-2017. Different econometric estimation techniques such as the feasible generalized least squares, fixed effects and random effects and different calculation of firm performance such as non market-based measure (return on assets) and market-based measure (Tobin's q) are employed to validate the consistent results. The robust results confirm a statistically significant inverted U-shaped relationship between trade credit investment and profitability. |
| author2 |
Huynh, T.C.H. |
| author_facet |
Huynh, T.C.H. Pham, D.P.T. |
| format |
Journal Article |
| author |
Pham, D.P.T. |
| author_sort |
Pham, D.P.T. |
| title |
The impact of trade credit investment on manufacturing firms' profitability: Evidence from Vietnam |
| title_short |
The impact of trade credit investment on manufacturing firms' profitability: Evidence from Vietnam |
| title_full |
The impact of trade credit investment on manufacturing firms' profitability: Evidence from Vietnam |
| title_fullStr |
The impact of trade credit investment on manufacturing firms' profitability: Evidence from Vietnam |
| title_full_unstemmed |
The impact of trade credit investment on manufacturing firms' profitability: Evidence from Vietnam |
| title_sort |
impact of trade credit investment on manufacturing firms' profitability: evidence from vietnam |
| publisher |
Mendel University of Agriculture and Forestry Brno |
| publishDate |
2020 |
| url |
https://www.scopus.com/inward/record.uri?eid=2-s2.0-85093665155&doi=10.11118%2factaun20206804775&partnerID=40&md5=61ef80457b528b44a78aa9a9d9b9cc65 http://digital.lib.ueh.edu.vn/handle/UEH/60802 https://doi.org/10.11118/actaun202068040775 |
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