Research



CONTENTS

    The factors influencing the capital structure of companies listed in the Ho Chi Minh City Stock Exchange

    ABSTRACT:

    This study examines and tests the effects of factors on the capital structure of a sample of listed companies in the Ho Chi Minh City Stock Exchange. The study used data from 143 companies listed in the period 2013 – 2019. The results showed that profit (ROA) has negative movements with the capital structure of companies, whereas Tangibility (TANG), size (SIZE), Growth (GROW), state–ownership (STATE) have moved positively. Also, the study pointed out that there is no evidence of the impact of Liquidity (LIQ) on the capital structure. From the findings, the research has suggested some proposals for the Investors, the company managers, and State management agencies.

    Keywords: Capital structure, listed companies, Stock market

    Bui Van Thuy (2020)

    <Economy and Forecast Review, No. ( 05/2020), pp. 126 – 129>


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