EN
Impact of Capital Structure and Cash Holdings on Firm Value: Case of Firms Listed on the Ho Chi Minh Stock Exchange
Abstract
This study analyses the impact of capital structure on cash holdings and the impact of capital structure and cash holdings on the value of firms listed on the Ho Chi Minh Stock Exchange (HOSE). With data from the financial statements of 105 firms listed on HOSE since 2009 – 2014 and using the GLS method, results show that cash holdings are positively related to the firm value; short - term debt is negatively related to firm value; the impact of long - term debt on the firm value is not statistically significant; short and long - term debt are negatively related to cash holdings.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
March 1, 2017
Submission Date
March 1, 2017
Acceptance Date
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Published in Issue
Year 2017 Volume: 7 Number: 1
APA
Ha, N. M., & Tai, L. M. (2017). Impact of Capital Structure and Cash Holdings on Firm Value: Case of Firms Listed on the Ho Chi Minh Stock Exchange. International Journal of Economics and Financial Issues, 7(1), 24-30. https://izlik.org/JA35JU68RA
AMA
1.Ha NM, Tai LM. Impact of Capital Structure and Cash Holdings on Firm Value: Case of Firms Listed on the Ho Chi Minh Stock Exchange. IJEFI. 2017;7(1):24-30. https://izlik.org/JA35JU68RA
Chicago
Ha, Nguyen Minh, and Le Minh Tai. 2017. “Impact of Capital Structure and Cash Holdings on Firm Value: Case of Firms Listed on the Ho Chi Minh Stock Exchange”. International Journal of Economics and Financial Issues 7 (1): 24-30. https://izlik.org/JA35JU68RA.
EndNote
Ha NM, Tai LM (March 1, 2017) Impact of Capital Structure and Cash Holdings on Firm Value: Case of Firms Listed on the Ho Chi Minh Stock Exchange. International Journal of Economics and Financial Issues 7 1 24–30.
IEEE
[1]N. M. Ha and L. M. Tai, “Impact of Capital Structure and Cash Holdings on Firm Value: Case of Firms Listed on the Ho Chi Minh Stock Exchange”, IJEFI, vol. 7, no. 1, pp. 24–30, Mar. 2017, [Online]. Available: https://izlik.org/JA35JU68RA
ISNAD
Ha, Nguyen Minh - Tai, Le Minh. “Impact of Capital Structure and Cash Holdings on Firm Value: Case of Firms Listed on the Ho Chi Minh Stock Exchange”. International Journal of Economics and Financial Issues 7/1 (March 1, 2017): 24-30. https://izlik.org/JA35JU68RA.
JAMA
1.Ha NM, Tai LM. Impact of Capital Structure and Cash Holdings on Firm Value: Case of Firms Listed on the Ho Chi Minh Stock Exchange. IJEFI. 2017;7:24–30.
MLA
Ha, Nguyen Minh, and Le Minh Tai. “Impact of Capital Structure and Cash Holdings on Firm Value: Case of Firms Listed on the Ho Chi Minh Stock Exchange”. International Journal of Economics and Financial Issues, vol. 7, no. 1, Mar. 2017, pp. 24-30, https://izlik.org/JA35JU68RA.
Vancouver
1.Nguyen Minh Ha, Le Minh Tai. Impact of Capital Structure and Cash Holdings on Firm Value: Case of Firms Listed on the Ho Chi Minh Stock Exchange. IJEFI [Internet]. 2017 Mar. 1;7(1):24-30. Available from: https://izlik.org/JA35JU68RA