Operational scales, sources of finance, and firms’ performance: evidence from Vietnamese longitudinal data

Quan Hoang Vuong

No 14-017, Working Papers CEB from ULB -- Universite Libre de Bruxelles

Abstract: This study investigates a longitudinal dataset consisting of financial and operational data from 37 listed companies listed on Vietnamese stock market, covering the period 2004-13. By performing three main types of regression analysis - pooled OLS, fixed-effect and random-effect regressions - the investigation finds mixed results on the relationships between operational scales, sources of finance and firms' performance, depending on the choice of analytical model and use of independent/dependent variables. In most situation, fixed-effect models appear to be preferable, providing for reasonably consistent results. Toward the end, the paper offers some further explanation about the obtained insights, which reflect the nature of a business environment of a transition economy and an emerging market.

Keywords: Longitudinal data analysis; firm performance; operational scales; sources of finance; transition economy; emerging markets; Vietnam (search for similar items in EconPapers)
JEL-codes: G32 L25 M10 P27 (search for similar items in EconPapers)
Pages: 19 p.
Date: 2014-07-17
New Economics Papers: this item is included in nep-cse, nep-sea and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published by:

Downloads: (external link)
https://dipot.ulb.ac.be/dspace/bitstream/2013/173346/1/wp14017.pdf wp14017 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sol:wpaper:2013/173346

Ordering information: This working paper can be ordered from
http://hdl.handle.ne ... lb.ac.be:2013/173346

Access Statistics for this paper

More papers in Working Papers CEB from ULB -- Universite Libre de Bruxelles Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Pauwels ().