Impact of capital structure on firm's performance evidence from vietnamese listed companies

  • 55 trang
  • file: .pdf

đang tải dữ liệu....

Tài liệu bị giới hạn, để xem hết nội dung vui lòng tải về máy tính.

Tải xuống - 55 trang

Nội dung text: Impact of capital structure on firm's performance evidence from vietnamese listed companies

1.1 Research Background
1.2 Research objective ............................................................................................... 10
1.3 Research questions
1.4 Outline of the report ............................................................................................. 10
2.1 Vietnam Economic overview
2.2 Theory about Capital structure and Firm’s Performance ..................................... 13
2.2.1 Modigliani and Miller’s theory
2.2.2 Trade-off theory ............................................................................................ 13
2.2.3 Pecking order theory ..................................................................................... 14
2.2.4 The information asymmetry and signaling theory
2.3 The impact of firm’s characteristics
2.3.1 Firm’s Age..................................................................................................... 16
2.3.2 Firm Size ....................................................................................................... 17
2.3.3 Ownership ..................................................................................................... 17
2.3.4 Different industrial sectors ............................................................................ 18
2.4 Empirical evidences ............................................................................................. 19
2.5 Hypotheses development
3.1 Data collection
3.2 Variable of research
3.2.1 Capital Structure (Independence Variable) ................................................... 22
3.2.2 Firm’s performance (Dependence variable).................................................. 22
3.2.3 Control variable
3.3 Regression Method .............................................................................................. 24
3.4 Model of study
3.5 Conceptual framework
4.1 Descriptive Statistics ............................................................................................ 27
4.2 Regression ............................................................................................................ 32
5.1 Conclusions
5.2 Implication ........................................................................................................... 35
5.3 Limitations and recommendations ....................................................................... 35
1.1 Research Background
1.3 Research questions
1. What is the impact of capital structure on firm performance?
2. Is there any different impact of capital structure to firm performance in the firm
1.4 Outline of the report
2.2.1 Modigliani and Miller’s theory
2.2.2 Trade-off theory
2.2.3 Pecking order theory
2.2.4 The information asymmetry and signaling theory
2.3 The impact of firm’s characteristics
2.3.1 Firm’s Age
2.3.2 Firm Size
2.3.3 Ownership
2.3.4 Different industrial sectors

Tài liệu liên quan