09. Tạp chí
Duyệt 09. Tạp chí theo Tác giả "Bui Ngoc Mai Phuong MA"
- Ấn phẩmThe impact of cash flow and financial constraints on investment of listed firms in Viet Nam(Học viện Tài chính, 2024) Bui Ngoc Mai Phuong MA; Dang Van Dan Assoc.Prof.PhDThe paper measures the impact of investment on cash flow under conditions of financial constraints of non-financial enterprises listed on the Vietnamese stock market in the period from 2012 - 2022. Using the SGMM method, the research results show that: investment expenditures are very sensitive to cash flow shocks; furthermore, sensitivity increases with the level of financial constraints. The results are relevant for f inancial managers to develop reasonable investment policies to minimize the impact of financial constraints on investment and new institutional policies to support access to capital sources for firms.