Impact of Financial Risk on Business Efficiency Listed on The Stock Market in Vietnam

• Autorzy: Nguyen Thi Nguyet Dung , Ha Thanh Cong , Nguyen Manh Cuong , Bui Thi Thu Loan

Identyfikatory

DOI

10.15439/2021KM41

• Języki publikacji: EN

Abstrakty

EN

This study aims to evaluate the influence of financial risk on the business efficiency of listed companies in Vietnam's stock market. To carry out the research objective, the authors use the short-run solvency, net working capital, and financial risk criteria proposed by Bathory (1984). At the same time, the authors conducted a quantitative analysis using a two-step GMM model, based on panel data collected from financial statements and financial statements of 430 companies listed on the Ho Chi Minh Stock Exchange and the Hanoi Stock Exchange in the period 2012-2018. The research results show that the business efficiency of enterprises through return on assets and return on equity is positively affected by net working capital and financial risk and is negatively impacted by short-run solvency. This result also has some implications for improving business efficiency and financial risk management of listed companies on the Vietnam stock market.

Słowa kluczowe

EN

financial risk; business efficiency; net working capital; return on assets; return on equity

PL

ryzyko finansowe; wydajność biznesowa; kapitał obrotowy netto; zwrot z aktywów; zwrot z kapitału

• Wydawca: Polskie Towarzystwo Informatyczne
• Czasopismo: Annals of Computer Science and Information Systems
• Rocznik: 2021
• Tom: Vol. 28
• Strony: 243--247
• Opis fizyczny: Bibliogr. 36 poz., tab., il.

Twórcy

autor

Nguyen Thi Nguyet Dung

• Faculty of Business Management Hanoi University of Industry, Viet Nam Cau Dien Street, North Tu Liem District, Ha Noi, Viet Nam

autor

Ha Thanh Cong

• Faculty of Business Management Hanoi University of Industry, Viet Nam Cau Dien Street, North Tu Liem District, Ha Noi, Viet Nam

autor

Nguyen Manh Cuong

• Faculty of Business Management Hanoi University of Industry, Viet Nam Cau Dien Street, North Tu Liem District, Ha Noi, Viet Nam

autor

Bui Thi Thu Loan

• Faculty of Business Management Hanoi University of Industry, Viet Nam Cau Dien Street, North Tu Liem District, Ha Noi, Viet Nam

Bibliografia

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Uwagi

1. Preface

2. Session: International Conference on Research in Management and Technovation