Do Vietnamese state-dominated listed firms face finance constraints?
DOI:
10.46223/HCMCOUJS.econ.en.6.1.114.2016Keywords:
Vietnam; finance constraints; state-dominatedAbstract
Using accounting data of listed firms on the Vietnamese stock market this study documents that listed Vietnamese firms still face finance constraints, even after the introduction and rapid growth of the equity markets and the privatization wave that started since 1992. Contrary to most of the existing literature, especially large state-dominated firms were documented to be significantly more financially constrained.The cash flow sensitivity differences between the statedominated and private firms are economically large but statistically not significant.These findings are still consistent for both stock exchanges of Vietnam (HOSE and HNX).Downloads
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Received:
02-03-2020
Accepted:
02-03-2020
Published:
20-05-2016
Statistics
Abstract: 579 PDF: 470
FWCI:
0.46
How to Cite
Hau, L. L., J.K., D. C. M., Joseph, P., Nghiem, L. T., & Tri, H. M. (2016). Do Vietnamese state-dominated listed firms face finance constraints?. Ho Chi Minh City Open University Journal of Science - Economics and Business Administration, 6(1), 76–88. https://doi.org/10.46223/HCMCOUJS.econ.en.6.1.114.2016
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Copyright (c) 2016 Le Long Hau; De Ceuster Marc J.K.; Plasmans Joseph; Le Tan Nghiem; Ha Minh Tri
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.