FINANCIAL INDICATOR SYSTEM OF BUILDING MATERIALS MANUFACTURING JOINT-STOCK FIRMS LISTED ON HANOI STOCK EXCHANGE: SITUATION AND SOLUTIONS

Abstract

       Currently, all joint-stock companies (JSCs) listed on securities exchanges publish their financial ratios system. Ministry of Finance (MOF) regulates this system both in Decision 13/2007/MOF (relating to a prospectus) and Circular 52/2012/MOF (relating to an annual report). However, the preciseness, transparency, comprehensiveness and objectiveness of a financial indicator system still need to be reconsidered. In other words, the current financial indexe system has some limitations due to objective and subjective reasons. From this fact, in order to improve the financial ratios system of JSCs listed on securities exchanges, it is necessary to indentify reasons from inside and outside of enterprise, especially when Vietnam is integrating the regional and international economy. Therefore, this research investigates the current financial indicator system of building materials producing JSCs which are listed on Hanoi Stock Exchange (HNX). By doing this, this topic aims to provide the analysts with transparent, objective and precise information and theereby assist them in making effective and optimal decisions.