Determinants of capital structure of listed firms in Vietnam: a quantile regression approach

Abstract

http://digital.lib.ueh.edu.vn/handle/UEH/55170

This study emperically examines the link between firm characteristics and leverage using the data of Vietnamese non-financial listed firm from 2006 to 2015. In addition to traditional panel data methods, we imploy a conditional quantile regression that unveils the behavior of regressors throughout the leverage distribution. The results confirm the non-linear relationship between firm characteristics and leverage at difference levels of debt.