Factors Affecting the Financial Structure of Manufacturers Listed in Hochiminh Stock Exchange

  • VÕ THỊ THÚY ANH
  • BÙI PHAN NHÃ KHANH

Abstract

Corporate financial structure and its influential factors have attracted attention of numerous researchers and chief financial officers. The paper identifies these factors and introduces a model for measuring their influential level. The research was empirically conducted in 55 enterprises of the manufacturing industry (hereinafter referred to as manufacturers) in Vietnam in the period 2007-2011. The results show that manufacturers have a tendency to take out huge short-term loans and use them to finance fixed assets. The corporate size, the liquidity ratio, and an increment of fixed assets positively affect the debt ratio, whereas the business performance has negative effects. Therefore, the government and the SBV should develop facilitative policies to enable manufacturers, especially small and medium-sized ones with good performance, to mobilize capital on the stock market, and access medium and long-term loans of commercial banks.http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=264c4006-bf1f-4a13-bbda-341ed628ae7b
điểm /   đánh giá
Published
2018-05-25
Section
Bài viết