OWNERSHIP STRUCTURE AND CAPITAL STRUCTURE: A STUDY OF VIETNAMESE LISTED FIRMS

被引：17

作者：

Thi Phuong Vy Le ^{[1
]}

Tannous, Kathy ^{[2
]}

机构：

[1] Univ Econ Ho Chi Minh City, 279 Nguyen Tri Phuong St,Dist 10, Ho Chi Minh City, Vietnam

[2] Univ Western Sydney, Penrith, NSW, Australia

来源：

AUSTRALIAN ECONOMIC PAPERS | 2016年 / 55卷 / 04期

关键词：

AGENCY COSTS; STRUCTURE DECISIONS; EMPIRICAL-TEST; DEBT; INVESTMENT; MANAGEMENT; IMPACT;

D O I：

10.1111/1467-8454.12089

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the relationships between ownership structure and capital structure for non-financial listed firms in Vietnam during the period 2007-2012. Although different approaches are applied in this research, all results from those models are consistent. The study finds that while foreign ownership has a negative impact on leverage, state ownership has a positive influence. Managerial ownership has a positive relation with debt level, while the effect of large ownership on debt level is not conclusive.

引用

页码：319 / 344

页数：26

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