Monetary Policies and Business Performance: A Case Study of the Stock Exchange

Nguyen Van Chien ()
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Nguyen Van Chien: Thu Dau Mot University

A chapter in Contemporary Economic Issues in Asian Countries: Proceeding of CEIAC 2022, Volume 2, 2023, pp 333-342 from Springer

Abstract: Abstract This paper deals with an evaluation of the impact of monetary policy on the financial performance of enterprises. Using the sample data at 47 companies listed on the Stock Exchange for the period 2008–2020, using pooled least squares regression method (pooled OLS), fixed effects method (FEM) and fixed effect method. randomization (REM), and using the Feasible Generalized Least Square (FGLS) method to eliminate the defects occurring in the estimated model, the research results show that there is no relationship between monetary policy and corporate financial performance. Moreover, economic growth and inflation also have no impact on the financial performance of enterprises. The findings show a negative effect of capital structure and financial performance, but no effect between liquidity and firm size on corporate financial performance.

Keywords: Monetary policy; Capital structure; Financial performance (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-0490-7_20

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DOI: 10.1007/978-981-99-0490-7_20

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