| Summary: | 碩士 === 義守大學 === 管理學院管理碩博士班 === 101 === This paper mainly studies the relationship between capital structure and firm performance. Econometric model is used to estimate from the secondary data as cross-section data. 281 observations of listed firm in Ho Chi Minh Stock Exchange for period 2011 are collected to investigate. The leverage model and value firm model are applied with combining some variables. The result indicates that in leverage model, firm profitability was found to have a negative relationship and significant for TDTE, LTDTA and STDTA, except insignificant for TDTA. Firm size have a positive relationship with TDTA, TDTE, STDTA and statistically significant in these variables but it negative correlation with LTDTA. Asset tangibility is positive correlation and statistically significant in these variables as TDTA, TDTE, LTDTA while negatively related to STDTA. In firm value model, TDTA, TDTE and STDTA are insignificantly and negatively related to Tobin’s Q while there is a positive relationship between LTDTA and Tobin’s Q. Growth has also significant and positive relation with market performance measure Tobin’s Q. Firm size positively related to the market performance measure Tobin’s Q but it is insignificant statistically.
|
|---|
