Study the Impact of Growth , Firm Size , Capital Structure , and Profitability on Enterprise Value : Evidence of Enterprises in Vietnam

Bài báo do nhóm tác giả: Dang Ngoc Hung, Vu Thi Thuy Van, Ngo Thanh Xuan, Hoang Thi Viet Ha; Trường Đại Học công nghiệp Hà Nội, Trường Đại học kinh tế Quốc dân. Được đăng tải trên tạp chí: Journal of Corporate Accounting & Finance (ISSN 1097-0053)

Study the Impact of Growth, Firm Size, Capital Structure, and Profitability on Enterprise Value: Evidence of Enterprises in Vietnam

Bài báo do nhóm tác giả: Dang Ngoc Hung, Vu Thi Thuy Van, Ngo Thanh Xuan, Hoang Thi Viet Ha; Trường Đại Học công nghiệp Hà Nội, Trường Đại học kinh tế Quốc dân. Được đăng tải trên tạp chí: Journal of Corporate Accounting & Finance (ISSN 1097-0053)

Abstract: This article studies the effect of growth, firm size, capital structure, and profitability on enterprise value (EV) in Vietnam. The study used a panel of 1.070 observations at 214 companies listed on the Vietnamese stock market for the period of 2012–2016. According to regression results by generalized least squares and structural pathways analysis, the results detected size and profitability are positively correlated with the enterprise value, while capital structure is a factor that negatively affects the enterprise value. On the other hand, growth factor does not have any impact on enterprise value. However, when measuring enterprise value under EV or Tobin's Q, the statistical results are not entirely consistent. In addition, the results of the study have also shown that the measurement of EV on enterprise value will be more appropriate. The results of empirical research are useful to help businesses improve their values.

Nguồn: https://doi.org/10.1002/jcaf.22371

Thứ Sáu, 21:43 12/04/2019

Tags:

» THE EFFECTS OF BUSINESS EFFICIENCY TO DISCLOSE INFORMATION OF SUSTAINABLE DEVELOPMENT: THE CASE OF VIETNAM (10/05/2019)

» Relationship between Environmental Financial Accounting Practices and Corporate Financial Risk: Evidence from Listed Companies in Vietnams Securities Market (25/03/2019)

» The development and cost of renewable energy resources in Vietnam (11/03/2019)

» Impact of Social Reponsibility Information Disclosure on the Financial Performance of Enterprises in Vietnam. (04/03/2019)

» Disclosure levels of environmental accounting information and financial performance: The case of Vietnam (22/02/2019)

» Determinants Influencing Financial Performance of Listed Firms: Quantile Regression Approach (04/01/2019)

CÔNG BỐ KHOA HỌC

Study the Impact of Growth, Firm Size, Capital Structure, and Profitability on Enterprise Value: Evidence of Enterprises in Vietnam

Các bài đã đăng

Tin tiêu điểm

Các bài đã đăng

Video giới thiệu