Capital Structure, Financial Risk, and Operational Efficiency: Evidence of Firms in the Food and Beverage Industry Listed on the Vietnam Stock Market

Thi Hong Hoang, Thuy Duong Phan () and Thi Thanh Hoang
Additional contact information
Thi Hong Hoang: University of Transport Technology
Thuy Duong Phan: University of Transport Technology
Thi Thanh Hoang: University of Transport Technology

A chapter in Proceedings of the 4th International Conference on Research in Management and Technovation, 2024, pp 27-34 from Springer

Abstract: Abstract The study analyzes the impact of capital structure, financial risk, and other factors on the performance of food and beverage firms listed on the Vietnam stock market in 2011 and 2020. We use data in the financial statements of 41 food and beverage firms listed on the Ho Chi Minh Stock Exchange and the Hanoi Stock Exchange from 2011 to 2020 in the FiinPro Database. The S-GMM regression method was used to analyze the influence of capital period structure, financial risk, and other factors on the performance of listed food and beverage firms. The results show that the lagged variables of operational efficiency and capital structure have a positive impact, but financial risks have a negative impact on the performance of listed food and beverage firms. Furthermore, the study proposes some policy implications on building capital structure and building financial risk management processes, contributing to improving the performance of Vietnamese food and beverage enterprises.

Keywords: Business performance; Capital structure; Financial risk; Food and beverage business (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-981-99-8472-5_3

Ordering information: This item can be ordered from
http://www.springer.com/9789819984725

DOI: 10.1007/978-981-99-8472-5_3

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().