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Impacts of Corporate Capital Structure on Business Efficiency of Real Estate and Construction Firms Listed on the Vietnam Stock Exchange

In: Proceedings of the 4th International Conference on Research in Management and Technovation

Author

Listed:
  • Nguyen Dinh Son Thanh

    (Academy of Finance)

Abstract

This research investigates the influence of capital structure factors on the business performance of 68 enterprises operating in the real estate and construction sectors. These enterprises are listed on the Vietnam Stock Exchange, and data was collected from 2011 to 2021, resulting in a total of 628 observations. The study utilizes various statistical models, including ordinary least squares (OLS), random effects model (REM), fixed effects model (FEM), and the GLS model for adjustment. The findings reveal that seven capital structure factors significantly impact business efficiency. These factors encompass: (1) the age of the enterprise, (2) the revenue growth rate, (3) the short-term debt to total assets ratio, (4) the long-term debt to total assets ratio, (5) the total debt to total assets ratio, (6) the net fixed asset value to total assets ratio, and (7) the percentage change in total assets.

Suggested Citation

  • Nguyen Dinh Son Thanh, 2024. "Impacts of Corporate Capital Structure on Business Efficiency of Real Estate and Construction Firms Listed on the Vietnam Stock Exchange," Springer Books, in: Thi Hong Nga Nguyen & Darrell Norman Burrell & Vijender Kumar Solanki & Ngoc Anh Mai (ed.), Proceedings of the 4th International Conference on Research in Management and Technovation, pages 663-673, Springer.
  • Handle: RePEc:spr:sprchp:978-981-99-8472-5_59
    DOI: 10.1007/978-981-99-8472-5_59
    as

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