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dc.contributor.advisorDr. Nguyen Xuan Thanhen_US
dc.contributor.advisorProf. Dr. Nguyen Trong Hoaien_US
dc.contributor.authorDinh Thi Thuen_US
dc.description.abstractThe aim of this paper is to explore the firm-specific factors that affect the capital structure of food processing companies listed in Vietnamese stock exchange. The paper firstly reviews theories of capital structure: trade-off theory, pecking-order theory and other related empirical studies. Seven factors are thereinafter concluded and discussed in the studied model in respect of correlations and the determinants of capital structure by using panel data procedures for a sample of 41 food processing companies listed on the Vietnamese Stock Exchange during the period of 2007-2012. Pecking order theory dominates in explaining financial decision of these firms. There are differences between the determinants of long-term fund-raising and short-term fund-raising. Profitability, size, tangibility, earnings volatility and liquidity are found statically significant to short-term leverage whereas tangibility and earnings volatility is the most important factors impacting the long-term leverage. Empirical findings suggest some policy recommendations for sustainable development of the private sector in Vietnam.en_US
dc.format.medium58 p.en_US
dc.publisherUniversity of Economics Ho Chi Minh City; VNP (Vietnam – The Netherlands Programme for M.A. in Development Economics)en_US
dc.subjectCapital structureen_US
dc.subjectFood processingen_US
dc.subjectVietnam listed companiesen_US
dc.subjectPanel dataen_US
dc.titleDoes firm characteristic matter in capital structure decision? An empirical study of listed food processing companies in Vietnamen_US
dc.typeMaster's Thesesen_US
ueh.specialityDevelopment Economics = Kinh tế phát triểnen_US
item.openairetypeMaster's Theses-
item.fulltextFull texts-
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