TAILIEUCHUNG - Human capital, capital structure choice and firm profitability in developing countries: An empirical study in Vietnam

The paper aims to examine the impact of human capital, capital structure choice and firm profitability of 48,673 Vietnamese construction firms in 2016. | Human capital capital structure choice and firm profitability in developing countries An empirical study in Vietnam Accounting 6 2020 127 136 Contents lists available at GrowingScience Accounting homepage ac Human capital capital structure choice and firm profitability in developing countries An empirical study in Vietnam Van Chien Nguyena aFaculty of Economics Thu Dau Mot University Binh Duong Vietnam CHRONICLE ABSTRACT Article history The paper aims to examine the impact of human capital capital structure choice and firm profitability of 48 673 Received October 14 2019 Vietnamese construction firms in 2016. Measuring firm profitability by return on assets ROA or return on equity Received in revised format ROE the results demonstrated that using more debt in capital structure would positively increase the performance November 21 2019 of the firm but this positive effect was increasingly declining. Moreover evidence showed that human capital had Accepted November 21 2019 a positive impact on the result of business activities. A larger size of a firm could positively boost firm performance. Available online Regarding firm location a firm locating in the metropolitan of Ho Chi Minh City had a higher level of performance November 21 2019 than a firm locating in the metropolitan of Hanoi capital. Finally operating status of the firm as well as the Keywords establishment of industrial park had insignificant impacts on firm profitability. Construction sector Firm profitability Human capital Debt Capital structure choice 2020 by the authors licensee Growing Science Canada 1. Introduction In the background of the economic global integration and economic growth Vietnam has experienced such a high economic growth rate foreign investment attraction export performance and firm activities expansion Dollar 2002 World Bank 2011 . In the construction industry the 2003 land law reform and the 2013 recent land law Vietnam has expanded the doors for .

• Kế toán - Kiểm toán
• Vietnamese construction firms
• Capital structure choice
• Capital structure choice
• Return on assets
• Return on equity
• Finance accounting and Auditing
• Vietnamese construction enterprises
• Vietnamese construction industry
• Quality of construction works
• Percentage of handover on time
• Capital structure
• Listed companies
• Trade off hypothesis
• Optimal capital structure
• Company characteristics
• Level of disclosure
• Sustainability reporting
• Vietnamese stock market
• Environmental degradation
• Human rights violations
• Social labor information
• Corporate Social Responsibility
• Professional associations
• Managers’ perspectives
• Qualitative approach
• CSR information
• Above average debt ratio
• The relationship with return on equity
• The case of the Vietnamese
• Listed seafood enterprises
• Equity asset valuation
• Lecture Equity asset valuation
• Equity valuation
• Return concepts
• Quity risk premium
• Capital asset pricing model
• Debt to equity ratio
• Listed construction companies
• Return on assets (ROA)
• Return on equity (ROE)
• Shareholder’s equity
• Price earnings ratio
• Earning per share ratio
• Return on equity ratio
• Dividend yield ratio
• Debt equity ratio
• Stock return
• Domestic acquisitions
• Average abnormal return
• Cumulative abnormal return
• Event study
• Board nationality influence the return
• Equity of money deposit banks
• Empirical evidence from Nigeria
• The Nigerian Stock Exchange
• The twenty two deposit money banks
• Econometric procedure and data
• Total asset turnover
• Oil price
• Exchange rate
• Financial leverage
• Real estate business
• Return On Capital Employed (ROCE)
• International Conference on Emerging Challenges
• Return on sales
• Accommodation service
• Firm performance
• Return on asset
• Saudi Arabia
• Content analysis
• Corporate Social Responsibility Disclosure
• Corporate Financial Performance
• Bonds issuance
• Banking performance
• Banking crisis
• Net interest margin
• Profitability bank
• Non Performing loan
• Capital adequacy ratio
• Loan to deposit ratio
• Iranian target company
• Tehran Stock Exchange
• Financial and strategic
• Seasoned equity offering
• Risk of price fluctuation
• Abnormal return
• Efficient market hypothesis
• Market efficiency
• Growth equity
• Risk and return
• Exit or repayment of funds
• Stock duration
• Stock timing
• Price to earnings
• Price to book value
• Market sensitivity to index
• Book to market equity ratio
• Financial performance
• Moroccan microfinance institutions
• MIX platform
• chứng khoán
• stock
• kĩ năng tài chính
• kiến thức tài chính
• kĩ năng kế toán
• kiến thức kiểm toán
• kĩ năng kiểm toán
• Different Shades
• LEED System in Brief
• Biomedical Importance
• Host Genetic Factors
• Infectious Diseases
• Emerging Diseases
• Financial reporting
• Financial reporting for managers
• Financial statements
• Value creation
• Firm value
• Macroeconomic variables
• Equity returns
• Macro series announcement
• Return volatility
• Tunisian financial market
• Corporate governance characteristics
• Amman Stock Exchange
• Jordanian Banks expressed
• Backbone of corporate governance