Impact of the Financial Markets Development on Capital Structure of Firms Listed on Ho Chi Minh Stock Exchange

Autor: Le Minh Tai
Jazyk: angličtina
Rok vydání: 2017
Předmět:
Zdroj: International Journal of Economics and Financial Issues, Vol 7, Iss 3, Pp 510-515 (2017)
Druh dokumentu: article
ISSN: 2146-4138
Popis: This study test the impact of financial markets development on capital structure of firms listed on Ho Chi Minh stock exchange (HOSE). Base on the financial data of 116 firms listed on HOSE, in the period from 2009 to 2015 and GLS regression method, this study shows that market capitalization is positive relationship with debt rate in capital structure, volume of shares traded is negative effect to debt rate in capital structure. Size of the Vietnamese commercial banking system and credit growth are negative relationship with debt rate in capital structure. Meanwhile, interest rates of commercial banks is not statistical significance.
Databáze: Directory of Open Access Journals