Factors affecting the profitability of textile and garment enterprises listed on Vietnam’s stock market

Abstract

The study analyses and examines the impacts of factors on the profitability of textile and garment enterprises listed on Vietnam’s stock market throughout 2009 - 2018. The results show that firm size, firm age, revenue growth, solvency, total asset turnover positively affect profitability. By contrast, financial leverage and market concentration negatively affect the profitability of enterprises. The impacts of macro factors such as GDP growth and inflation on profitability are not statistically significant. From these findings, the study recommends some solutions to increase the profitability of Vietnam’s textile and garment enterprises, thereby helping them develop more sustainably.

Keywords

• khả năng sinh lời
• ngành dệt may
• roa
• roe