MEASURING IMPACT OF OWNERSHIP STRUCTURE AND CORPORATE GOVERNANCE ON CAPITAL STRUCTURE OF VIETNAMESE SOES
Journal Title: European Journal of Business and Social Sciences - Year 2015, Vol 4, Issue 8
Abstract
The research attempts to explore how corporate governance and ownership structure affect capital structure in the context of an emerging economy like Vietnam by considering impact level of three groups of factors which are corporate governance, ownership structure and firm elements. Method of Multivariable Regression Analysis used with cross-panel data collected from 300 non-financial State-owned Enterprises (SOEs) in the period 2006-2012 shows that corporate governance and ownership structure measures have a significant impact on decision of capital structure of Vietnamese SOEs. Besides, pecking – order theory can explain basically the impact of classical firm elements such as tangibility, profitability, firm size and cost of debt on capital structure of Vietnamese SOEs.
Authors and Affiliations
Do Xuan Quang| Business School, Hunan University, Hunan, China 410082 , Email: quangbaochi@gmail.com, Wu Zhong Xin| Business School, Hunan University, Hunan, China 410082
Keywords
Related Articles
- EP ID EP10673
- DOI -
- Views 319
- Downloads 15
CREATING AN IMAGE TRANSFER THROUGH EVENT MARKETING: PRINCIPLES, REQUIREMENTS AND CONSEQUENCES
Event marketing is primarily implemented to emotionalize the target group. So, the most important objective of marketing events is to improve the image of a brand or a company. In this paper an image transfer model fo...
PRESENTING THE THREE-DIMENSIONAL MODEL OF STRATEGIC MANAGEMENT, FORESIGHT, AND THE EXTERNAL ENVIRONMENT OF THE ORGANIZATION
Today's complex and changing environment has challenged most of the organizations in maintain their survival and development of their competitive ability. Given the increasing environmental changes, the only way for t...
ORGANIZATION’S IDENTITY
The study investigates the identity of the organization in conjunction with the image of the organization. In a meta-analytic approach clarifies that the social reality of the organization is subject to internal and e...
IMPACT OF CULTURAL DIMENSIONS ACCORDING TO HOFSTEDE MODEL ON ORGANIZATIONAL COMMITMENT OF THE MIDDLE MANAGEMENT AT JORDANIAN PRIVATE UNIVERSITIES
This study aimed at identifying the impact of cultural dimensions according to Hofsted Cultural Model (power distance, uncertainty avoidance, individualism versus collectivism and masculinity versus femininity) on the...
CLIMATE CHANGE IMPACTS REPRESENTATION IN KENYA’S NEWS MEDIA.
Today the questions of adaptation and mitigation to climate change risks are arching their way out to community platforms in an interpretive flow through various communication modes that shape public opinion and medi...