Factors Affecting the Profitability of Listed Agricultural Companies in the Vietnamese Stock Market

Nguyen Thi Quynh Anh and Nguyen Thị Phan Thu (thuntp@vnu.edu.vn)
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Nguyen Thi Quynh Anh: VNU University of Economics and Business
Nguyen Thị Phan Thu: VNU University of Economics and Business

A chapter in Economic and Political Aspects of EU-Asian Relations, 2024, pp 95-106 from Springer

Abstract: Abstract This paper aims to investigate the factors affecting the profitability of agricultural companies in Vietnam. The study is conducted using data from 30 listed agricultural companies on the Vietnamese stock market during 2020–2022. This study uses linear regression models including ordinary least squares (OLS), fixed effect (FE), and random effect (RE) models. In addition, the tests are also conducted to select the appropriate model. In this study, the company's profitability is measured by return on assets (ROA). The results of the study show that economic growth has a positive impact on profitability; leverage, company size, and inflation have a negative impact on profitability, while revenue growth rate and current ratio do not affect the profitability of the business.

Keywords: Profitability; Agriculture; Panel data; ROA (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-8945-4_6

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DOI: 10.1007/978-981-99-8945-4_6

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