09. Tạp chí
Duyệt 09. Tạp chí theo Chủ đề "Access to external financing"
- Ấn phẩmFactors affecting access to external financing in Vietnam listed firms(Học viện Tài chính, 2022) Nguyen Thi Hoa Hong PhD; Nguyen Thai Anh BA; Nguyen Tran Viet Hoang BA; Do Nhat MinhThe paper examines factors affecting access to external finance in Vietnam listed firms in the period of 2009-2020. To measure external finance, the log-odd transformation of short-term debt to total debt and difference between a firm’s growth rate of total asset and its sustainable growth rate are used. The results from General Least Square regression and Probit regression models show that both macro and micro determinants including Gross Domestic Product (GDP), inflation, collaterals, firm size, firm age, liquidity, leverage, profitability influence Vietnam listed firms’ access to external finance. Based on those results, Vietnam listed firms should consider both various determinants carefully in order to get external finance successfully.