Title: | Financial development and the determinants of capital development in VN |
Author(s): | Le Thi Lanh |
Keywords: | Efficient model; Capital structure; Financing decision; Market-oriented economy; Development; Financial maket; State-owned; Non state-owned; Viet Nam |
Abstract: | From the past until now, capital structure is a concerning issue of many researchers and cause a lot of debates among the economists. Therefore, financing decision become the most important issue for firms. This paper employ the data from the audited financial statements of 154 non-financial firms listed on HOSE and HNX for the period 2007-2011. We analyse this data by using Eview 7 software to handle many different models such as OLS Model, Fixed Effects Model and Random Effects Model. From this analysis, we explore that: (1) the most efficient model to explain the significant relationship between the determinants of the capital structure and financing decision, (2) the differences in financing policies between state-owned and non state-owned firms, (3) give some assessments about the development of financial maket in Viet Nam, especially after the period which Viet Nam implement equitization policy to setin motion transformation from a centrally-planned to a market-oriented economy. |
Issue Date: | 2013 |
URI: | http://siod.tdtu.edu.vn/index.php/siod/2013/paper/view/72 http://digital.lib.ueh.edu.vn/handle/UEH/56537 |
Appears in Collections: | Conference Papers
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