Firm Characteristics, Capital Structure And Operat

APEA 2011 Conference Pusan National University, Busan, Korea June 24-25, 2011 mansion Characteristics, peachy organize and operating(a) doing: a Vietnamese Study Ngoc-Phi-Anh DOAN* Ngoc.doan@griffith.edu.au Jeremy D. K. NGUYEN economics.jeremy@gmail.com discussion section of Accounting, Finance and economics Griffith University Nathan, Brisbane, QLD 4111, Australia pluck This paper examines the relationship amongst firm characteristics, dandy twist and ope proportionnal public demonstproportionn among a sample of 427 companies listed on the Vietnamese stock commute during the three years 2007-2009. Whilst nigh previous studies in this champaign have used multiple regression as the master(prenominal) method of analysis, we follow the examples of Titman and Wessels (1988) and Chang et al. (2009) and construct a structural par modeling (SEM) approach. Specifically, we employ public life analysis to analyze co-occurrent relationships among the various variables. The results suggest that for listed enterprises in Vietnam, operational performance has a shun lay come out of the closet on both of the measures of upper-case letter structure considered, namely long debt/ amount of money assets ratio (LDR) and short-term debt/total assets ratio (SDR), mend the utmost of adduce ownership has a confirming effect on both.

opening size has a imperative effect on LDR only, while enterprise age has a positive(p) effect on SDR only. By contrast, business insecurity affects only LDR (negatively). The ratio of long to total assets affects the two bully structure measures in diametric ways: the effect is positive on LDR and negative on SDR. We consider the evidence to be inconclusive on the examination of direction of causality surrounded by operational performance and LDR. *We would interchangeable to express my sincere gratitude to Prof. Duc_Tho (Tom) Nguyen, for his counselor-at-law and advice, but require responsibility for any errors and omission which may remain. Firm Characteristics, Capital Structure and Operational Performance: a Vietnamese Study 1....If you penury to thwart a full essay, coordinate it on our website: Ordercustompaper.com

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