Impacts of Corporate Capital Structure on Business Efficiency of Real Estate and Construction Firms Listed on the Vietnam Stock Exchange

Nguyen Dinh Son Thanh ()
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Nguyen Dinh Son Thanh: Academy of Finance

A chapter in Proceedings of the 4th International Conference on Research in Management and Technovation, 2024, pp 663-673 from Springer

Abstract: Abstract This research investigates the influence of capital structure factors on the business performance of 68 enterprises operating in the real estate and construction sectors. These enterprises are listed on the Vietnam Stock Exchange, and data was collected from 2011 to 2021, resulting in a total of 628 observations. The study utilizes various statistical models, including ordinary least squares (OLS), random effects model (REM), fixed effects model (FEM), and the GLS model for adjustment. The findings reveal that seven capital structure factors significantly impact business efficiency. These factors encompass: (1) the age of the enterprise, (2) the revenue growth rate, (3) the short-term debt to total assets ratio, (4) the long-term debt to total assets ratio, (5) the total debt to total assets ratio, (6) the net fixed asset value to total assets ratio, and (7) the percentage change in total assets.

Keywords: Operating performance; Enterprises; Real estate and construction (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-8472-5_59

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DOI: 10.1007/978-981-99-8472-5_59

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