Keywords and phrases: financial leverage, enterprise, manufacturing, service.
Received: April 13, 2021; Accepted: May 14, 2021; Published: June 26, 2021
How to cite this article: Dao Van Hung and Le Thi Nhung, Estimation of factors affecting the financial leverage of enterprises in Vietnam, Advances and Applications in Statistics 69(1) (2021), 23-40. DOI: 10.17654/AS069010023
This Open Access Article is Licensed under Creative Commons Attribution 4.0 International License
References:
[1] M. J. Barclay, C. W. Smith and R. L. Watts, The determinants of corporate leverage and dividend policies, Journal of Applied Corporate Finance 7 (1995), 4-19. [2] Franck Bancel and Usha R. Mittoo, Cross-country determinants of capital structure choice: a survey of European firms, Financial Management 33(4) (2004), 103-132. [3] Saumitra N. Bhaduri, Determinants of corporate borrowing: some evidence from the Indian Corporate Structure, Journal of Economics and Finance 26(2) (2002), 200-215. [4] D. W. Diamond, Financial intermediation and delegated monitoring, Rev. Econom. Stud. 51(3) (1984), 393-414. [5] W. Drobetz and R. Fix, What are the determinants of the capital structure? Some evidence for Switzerland, Swiss Journal of Economics and Statistics 141(1) (2003), 71-113. [6] H. DeAngelo and R. Masulis, Optimal capital structure under corporate and personal taxation, Journal of Financial Economics 8 (1980), 3-29. [7] Eugene F. Fama and Kenneth R. French, Testing trade-off and pecking order predictions about dividends and debt, Review of Financial Studies 15(1) (2002), 1-33. [8] Murray Z. Frank and Vidhan K. Goyal, Testing the pecking order theory of capital structure, Journal of Financial Economics 67(2) (2003), 217-248. [9] J. R. Graham, Debt and the marginal tax rate, Journal of Financial Economics 41(1) (1996), 41-73. [10] John R. Graham, Taxes and corporate finance: a review, Review of Financial Studies 16(4) (2003), 1075-1129. [11] John R. Graham, Mark H. Lang and Douglas A. Shackelford, Employee stock options, corporate taxes, and debt policy, Journal of Finance 59(4) (2004), 1585-1618. [12] Kathleen M. Kahle and Kuldeep Shastri, Firm performance, capital structure, and the tax benefit of employee stock options, Journal of Financial and Quantitative Analysis 40(1) (2005), 135-160. [13] M. L. Lipson and S. Mortal, Liquidity and capital structure, Journal of Financial Markets 12(4) (2009), 611-644. [14] Franco Modigliani and Merton H. Miller, The cost of capital, corporate finance and the theory of investment, American Economic Review 48(3) (1958), 261-297. [15] Mutalib Anifowose, Determinants of capital structure in cement industry: a case of Nigerian listed cement firms, SSRN Electronic Journal (2011). URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1905096. [16] S. C. Myers, Determinants of corporate borrowing, Journal of Financial Economics 5(2) (1977), 147-175. [17] S. C. Myers and N. S. Majluf, Corporate financing and investment decisions when firms have information that investors do not have, Journal of Financial Economics 13(2) (1984), 187-221. [18] T. D. K. Nguyen and N. Ramachandran, Capital structure in small and medium- sized enterprises: the case of Vietnam, ASEAN Economic Bulletin 23(2) (2006), 192-211. [19] D. T. T. Nguyen, I. Diaz-Rainey and A. Gregoriou, Determinants of the capital structure of listed Vietnamese companies, Journal of Southeast Asian Economies 31(3) (2014), 412-431. [20] Jeffrey A. Pittman, The influence of firm maturation on tax-induced financing and investment decisions, Journal of the American Taxation Association 24(2) (2002), 35-59. [21] R. G. Rajan and L. Zingales, What do we know about capital structure? Some evidence from international data, Journal of Finance 50(5) (1995), 1421-1460. [22] Natasa Sarlija and Martina Harc, The impact of liquidity on the capital structure: a case study of Croatian firms, Business Systems Research 3(1) (2012), 30-36. [23] S. M. Aamir Shah and S. T. Hijazi, Performance evaluation of mutual funds in Pakistan, The Pakistan Development Review 44(4 Part II) (2005), 863-876. [24] Mat Kila Suhaila and Wan Manson Wan Mahmood, Capital structure and firm characteristics: some evidence from Malaysian companies, MPRA Paper 14616, University Library of Munich, Germany, 2008. [25] Syed Tahir Hijazi and Yasir Bin Tariq, Determinants of capital structure: a case for the Pakistani cement industry, The Lahore Journal of Economics 11(1) (2006), 63-80. [26] S. Titman, The effect of capital structure on firm’s liquidation decision, Journal of Financial Economics 13 (1984), 137-151. [27] S. Titman and R. Wessels, The determinants of capital structure choice, Journal of Finance 43(1) (1988), 1-19.
|