Factors influencing capital structure of Vietnam dealers and manufacturers

Abstract

This study identifies factors that influence the capital structure of dealers and manufacturers in Vietnam. The research data contain secondary data from the annual financial statements of 38 dealers and manufacturers on two Vietnam stock exchanges, HOSE and HNX over the period from 2009 to 2016. EViews is used to analyze a panel data with fixed effects, and the results show that size, fixed assests, liquidity and state ownership that influence the capital structure of trading produce companies in Vietnam. The empirical results show that the size and fixed assets have a positive relationship with capital structure while liquidity and state ownership have a negative relationship with capital structure.

Keywords

• cấu trúc vốn
• doanh nghiệp
• nhân tố ảnh hưởng
• sản xuất thương mại
• việt nam