TAILIEUCHUNG - The impact of capital structure on the performance of construction companies: A study from Vietnam stock exchanges

This paper studies the impact of the factors reflecting the capital structure on the performance of construction companies listed on the Vietnam Stock Exchange by using a sample of 59 listed construction companies in three years (177 observations). | The impact of capital structure on the performance of construction companies A study from Vietnam stock exchanges Accounting 6 2020 169 176 Contents lists available at GrowingScience Accounting homepage ac The impact of capital structure on the performance of construction companies A study from Vietnam stock exchanges Thi Thanh Thuy Vua Thi Tu Oanh Lea and Thi Huyen Trang Nguyena aUniversity of Labour and Social Affairs Vietnam CHRONICLE ABSTRACT Article history This paper studies the impact of the factors reflecting the capital structure on the performance of construction Received September 2 2019 companies listed on the Vietnam Stock Exchange by using a sample of 59 listed construction companies in three Received in revised format years 177 observations . This research is accomplished by applying a linear regression model and correlation September 2 2019 analysis. The results show that 1 factors such as number of years of operation asset size debt equity do not Accepted October 15 2019 affect return on assets ROA and return on equities ROE 2 the factor of total fixed assets total assets yields Available online a positive and significant impact on ROA and ROE 3 the ratios of total debt total equity and long term debt October 22 2019 total equity maintain negative impacts on ROA and 4 debt equity has a strong positive effect on ROE. Keywords Capital structure Construction companies Performance 2020 by the authors licensee Growing Science Canada Vietnam Stock Exchanges 1. Introduction Capital structure has been a popular research topic conducted in various industries and countries around the world. As a developing country capital structure and firm performance are topics of high interest among scholars in Vietnam especially those conducted for construction firms. According to the Industrial Statistics Department of Vietnam construction firms make up to of the total number of firms in Vietnam creating 16 of total jobs in the .

• Kế toán - Kiểm toán
• Vietnam Stock Exchange
• Linear regression model
• Return on assets
• Return on equities
• ROA and ROE
• Exchange rate
• Interest rate
• Stock return
• Vietnam stock market
• Interest rate on stock return
• Impact of exchange rate
• Dissertation abstract Accounting
• Information of exchange rate differences
• Financial statements on the stock price
• Non fianancal joint stock companies listed
• Vietnam’s stock market
• The impact of accounting disclosures on individual investors’ decision making
• The Vietnam stock market
• Accounting information groups
• The investors' decision making
• Doctoral dissertation in Finance
• Performance of exchange
• Traded funds tracking
• Tracking Vietnam stock market
• Stock market
• Stock index
• Stock exchange
• Securities market in Vietnam
• Stock market index
• Abstract of the thesis
• Abstract of the thesis Dinance Banking
• Executive compensation
• Performance of Vietnam stock exchange listed firms
• Vietnam stock
• Tạp chí khoa học
• Corporate governance on earnings management of enterprises listed
• Hochiminh stock exchange
• Ho Chi Minh Stock Exchange
• The CEO duality
• Corporate governance mechanism
• Summary of the dissertation
• Non financial information disclosure
• The level of non financial information disclosure
• Companies listed on the stock exchange
• The stock exchange
• Accounting standards
• Financial statement
• Joint stock companies
• Vietnam’s accounting standards
• International financial reporting standards
• Finance accounting and Auditing
• Security exchange
• Corporate governance
• Involuntary delisting
• Involuntary delisting firm
• State control
• Foreign investment
• State control of Vietnamese stock market
• Economic development
• Identifying factors influencing on the cash flow of construction companies
• Evidence from Vietnam stock exchange
• The cash flow of construction companies
• The Exploratory Factor Analysis
• Summary of the doctoral thesis
• Business performance of member securities companies
• The Stock Exchange in Vietnam
• The member securities companies
• Systematize the theoretical
• Construction firms
• Capital structure
• Firm performance
• Audited financial statements
• Herding behavior
• Sectorial level
• Hanoi stock exchange
• Emerging market
• Higher moment
• System GMM
• Common stock valuation models
• PhD in Economics thesis summary
• PhD in Accounting thesis summary
• Managerial accounting
• Managerial accounting for costs
• Performance in construcion enterprises listed
• Conditional volatility
• Exchange rate
• Monetary policy
• Volatility shifts
• Spillover effects
• Bond market
• Corporate restructuring
• Logit and probit and GMM models
• Asset restructuring
• Audit firm size
• Audit quality
• Discretionary accruals
• Financial statements
• Ability of IFRS adoption
• Applicability of IFRS
• Stock exchange listed companies
• Planned behavior
• Listed nonfinancial enterprises
• Adverse selection
• Inter arbitrage
• Investor recognition
• Vietnamese exchange traded funds
• Component stock’s liquidity
• VanEck Vectors Vietnam ETF
• Summary of Doctor of Finance Banking thesis
• Summary of Doctor thesis
• Financial decisions
• Financial risks
• Listed companies