Tóm tắt
Many studies have presented the relationship between the leverage of fims and return on equity (ROE) in order to analyze how signifiant leverage has inflence on the ROE of enterprises. Exploring the data set from fiancial statements and annual reports of the Vietnamese listed seafood enterprises from 2009 to 2013, the paper aims to examine the determinants of these fims having a greater debt ratio than the average of the industry. In addition, the relationship between ROE and a fim’s leverage is analyzed by applying a fied-effcts regression. It can be found that fims having an above-average debt ratio have a lower ROE than their counterparts by 50.94%
Chủ đề
Debt ratio, average level, fied-effcts regression, seafood enterprises, Vietnam.
Nhà xuất bản
Kinh Tế Quốc Dân???dc.relation.reference???
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Agarwal, R. and Gort, M. (1996), ‘The evolution of market and entry, exit and survival of fims’, The Review of Economics and Statistics, Vol. 78, Issue 3, pp. 489-498. Barber, B.M. and Odean, T. (2001), ‘Boys will be boys: Gender, overconfience, and common stock investment’, Quarterly Journal of Economics, Vol. 116, No. 1, pp. 261–292. Bevan, A.A. and Danbolt, J. (2002), ‘Capital structure and its determinants in the United Kingdom – A decompositional analysis’, Applied Financial Economics, Vol. 12, Issue 3, pp. 159-170. Booth, L.V., Aivazian, A., Demirguc...See More
