Operational scales, sources of finance, and firms’ performance: evidence from Vietnamese longitudinal data
Quan Hoang Vuong
No 14-017, Working Papers CEB from ULB -- Universite Libre de Bruxelles
This study investigates a longitudinal dataset consisting of financial and operational data from 37 listed companies listed on Vietnamese stock market, covering the period 2004-13. By performing three main types of regression analysis - pooled OLS, fixed-effect and random-effect regressions - the investigation finds mixed results on the relationships between operational scales, sources of finance and firms' performance, depending on the choice of analytical model and use of independent/dependent variables. In most situation, fixed-effect models appear to be preferable, providing for reasonably consistent results. Toward the end, the paper offers some further explanation about the obtained insights, which reflect the nature of a business environment of a transition economy and an emerging market.
Keywords: Longitudinal data analysis; firm performance; operational scales; sources of finance; transition economy; emerging markets; Vietnam (search for similar items in EconPapers)
JEL-codes: G32 L25 M10 P27 (search for similar items in EconPapers)
Pages: 19 p.
New Economics Papers: this item is included in nep-cse, nep-sea and nep-tra
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