Tạp chí Học viện Tài chính xuất bản (2024 trở về trước)
Duyệt Tạp chí Học viện Tài chính xuất bản (2024 trở về trước) 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.
