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Determinants of Firm Value: An Empirical Study in Listed Trading Companies in Vietnam

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datacite.subject.fos oecd::Social sciences::Economics and Business::Business and Management
dc.contributor.author Nguyen Thi Ngoc Lan
dc.date.accessioned 2022-10-13T03:57:19Z
dc.date.available 2022-10-13T03:57:19Z
dc.date.issued 2021
dc.description.abstract This study aims to investigate the importance of firm value and the factors that affect the firm value of trading companies listed on the Vietnamese stock exchange, thereby enhancing the current literature related to this topic in our country. The factors that affect firm value include firm size, capital structure, profitability, sales, and liquidity whereas firm value is represented by the value of equity. This work employed a data set with 925 observations, which are trading firms listed on the Vietnam Stock Exchange over a nine-year period from 2011 to 2019 with the support of STATA version 2016. Applying the quantitative method, we first find that firm size is of the greatest importance to firm value. It refers that the value of a large company is of a higher rank than a small company. On the other hand, capital structure is found to have a negative impact on firm value. Furthermore, we find that the other independent variables (profitability, sales, and liquidity) are statistically insignificant in the regression model. This means that those mentioned factors do not affect firm value. More importantly, the research also suggests that both firm size and capital structure are crucial for firm value in the trading industry in Vietnam.
dc.identifier.doi 10.13106/jafeb.2021.vol8.no6.0809
dc.identifier.uri http://repository.vlu.edu.vn:443/handle/123456789/258
dc.language.iso en_US
dc.relation.ispartof Journal of Asian Finance, Economics and Business
dc.relation.issn 0809–0817
dc.subject Firm Value
dc.subject Profitability
dc.subject Capital Structure
dc.subject Firm Size
dc.subject Listed Trading Firms
dc.title Determinants of Firm Value: An Empirical Study in Listed Trading Companies in Vietnam
dc.type Resource Types::text::journal::journal article
dspace.entity.type Publication
oaire.citation.issue 6
oaire.citation.volume 8
oairecerif.author.affiliation Van Lang University
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