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Consequences of COVID-19 on Vietnamese extractive industry: empirical evidence

Author

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  • Malik Abu Afifa
  • Nha Minh Nguyen
  • Hien Vo Van

Abstract

This research aims to investigate the change of corporate performance of extractive listed corporates in Vietnam, and to test theories on the capital structure by considering the influence of COVID-19 pandemic. Our sample comprises Vietnamese extractive corporates listed on HOSE, HNX and Upcom. Using GMM estimation method, the findings demonstrate that there is a negative and substantial influence of leverage on discretionary and non-discretional performance, which suitable for trade-off theory and pecking-order theory. However, COVID-19 pandemic does not seriously impact the extractive corporate performance. Additionally, Vietnamese extractive corporates tend to use earnings management to reduce the influence of COVID-19 pandemic.

Suggested Citation

  • Malik Abu Afifa & Nha Minh Nguyen & Hien Vo Van, 2024. "Consequences of COVID-19 on Vietnamese extractive industry: empirical evidence," International Journal of Business Excellence, Inderscience Enterprises Ltd, vol. 34(3), pages 417-430.
    • Handle: RePEc:ids:ijbexc:v:34:y:2024:i:3:p:417-430
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