A Study on Financial Performance of Transport & Warehouses Firms Listed on the Hanoi Stock Exchange

Duc Tai Do ()

The Economics and Finance Letters, 2021, vol. 8, issue 1, 44-52

Abstract: The aim of this study is two-fold. Firstly, it attempts to assess the financial performance of Transport & Warehouses Firms Listed on the Hanoi Stock Exchange (HNX). Secondly, it analyses and measure Cronbach's Alpha coefficients of the dependent variable, including, return on assets (ROA), return on equity (ROE) & return on sales (ROS). A quantitative research was conducted by collecting ROA, ROE & ROS in 22 Transport & Warehouses Firms Listed on the Hanoi Stock Exchange. We then categorized the ROA, ROE and ROS indicators into 5 levels ranging from 1 to 5. The first main findings from the study reveal that there are over 30% of Transport & Warehouses Firms with low financial performance and limited financial capacity. The second main research findings resulted from Cronbach’s Alpha: Cronbach’s Alpha of ROA, ROE and ROS are pretty tall, enough for analysis. Research findings are bases for recommendations to improve financial performance of Transport & Warehouses Firms Listed on the Hanoi Stock Exchange.

Keywords: Financial performance; Transport & warehouses firms; Hanoi stock exchange (HNX); ROA; ROE; ROS; Finance (search for similar items in EconPapers)
Date: 2021
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