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
收藏
页码：319 / 344
页数：26
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