Impact of capital structure on firm value: Evidence from listed real estate firms in Vietnam
Keywords:
capital structure, firm value, listed real estate company
Abstract
This article investigates the effect of capital structure on firm value of listed real estate during 2012-2019. The data is collected from 38 real estate companies listed on the Vietnam Security Exchange from FiinPro database. An empirical study has been employed through panel data techniques by applying pooled OLS, REM and FEM. The findings have shown that there is the existence of negative impact of capital structure, asset growth, GDP change on firm value whereas there is a positive influence of company size on firm value.