Combining Option Approach with Logistic Regression Analysis to Measure Default Risk of Listed Companies on Vietnamese Stock Market

Abstract

This paper explores correlation between growth of stock market and economic growth in Vietnam by examining causal relationship between VN-Index and the GDP. The results show that there is no evidence of a causal relation between VN-Index and economic growth. This finding allows several implications of restructuring of the Vietnamese economy.http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=74b20841-5ad5-4ca4-a2a0-513f3dd01423