Please use this identifier to cite or link to this item:
https://digital.lib.ueh.edu.vn/handle/UEH/59280
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Thoa T. K. Tu | - |
dc.contributor.other | Uyen T. U. Nguyen | - |
dc.date.accessioned | 2019-09-10T04:14:22Z | - |
dc.date.available | 2019-09-10T04:14:22Z | - |
dc.date.issued | 2019 | - |
dc.identifier.issn | 1540-496X (Print), 1558-0938 (Online) | - |
dc.identifier.uri | http://digital.lib.ueh.edu.vn/handle/UEH/59280 | - |
dc.description.abstract | The article examines the effect of state ownership on the relationship between investment and cash flow in Vietnam, a small transitional economy. Using a sample of companies listed on Vietnam’s stock exchanges, we find that the investment–cash flow relation for both state-owned and non-state-owned firms is U-shaped. In addition, state-owned companies have higher cash flow sensitivity of investment, which perhaps is due to their socioeconomic and political responsibilities, poor corporate governance, and agency problem. Moreover, the investment of high-growth companies, both with and without state ownership, has lower dependence on internal cash flow. Additionally, low-growth state-owned companies have higher cash flow sensitivity of investment than those without state ownership, suggesting inefficient investment by the former. | en |
dc.format | Portable Document Format (PDF) | - |
dc.language.iso | eng | - |
dc.publisher | Taylor and Francis Group | - |
dc.relation.ispartof | Emerging Markets Finance and Trade | - |
dc.relation.ispartofseries | Vol. 57, Issue 1 | - |
dc.rights | Informa UK Limited | - |
dc.subject | Relationship between investment and cash flow | en |
dc.subject | State ownership | en |
dc.subject | Vietnam | en |
dc.subject | JEL: G30 | en |
dc.subject | G31 | en |
dc.subject | G32 | en |
dc.title | State ownership and the relationship between investment and cash flow: the case of Vietnamese listed firms | en |
dc.type | Journal Article | en |
dc.identifier.doi | https://doi.org/10.1080/1540496X.2019.1610874 | - |
dc.format.firstpage | 175 | - |
dc.format.lastpage | 197 | - |
ueh.JournalRanking | ISI | - |
item.cerifentitytype | Publications | - |
item.fulltext | Only abstracts | - |
item.languageiso639-1 | en | - |
item.grantfulltext | none | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.openairetype | Journal Article | - |
Appears in Collections: | INTERNATIONAL PUBLICATIONS |
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