Ấn phẩm:
The impact of income tax on capital structure of joint stock companies in oil and gas industry in Vietnam
Tóm tắt
Businesses are the cell of the economy. Depending on the type, characteristics and nature of the industry, each enterprise considers planning its capital structure effectively to realize the ultimate goal of maximizing enterprise value. There are many factors that affect capital structure. In which, the tax factor - including company income tax and personal income tax has been confirmed by financial theories and empirical studies in the world to have a significant impact on the choice of funding source of companies. This study analyzes the impact of Income tax on capital structure in the specific context of Vietnam’s economy using secondary data of 12 Petroleum industry joint stock companies listed on the stock exchange Vietnamese securities. Conducting the study using the method of quantitative regression of panel data, the research results show that company income tax has a negative impact on the ratio of long-term debt and the ratio of total debt to total assets, but the level of impact is not much. Personal Income Tax has no impact on capital structure regardless of short-term debt or long-term debt. •
Mô tả
Tác giả
Le Ha Trang PhD
Tran Thi Thuy Linh
Phan Thu Hue
Doan Thi Ha Anh
Tran Thi Thuy Linh
Phan Thu Hue
Doan Thi Ha Anh
Tác giả khác
Người hướng dẫn
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Nhà xuất bản
Học viện Tài chính
Năm xuất bản
2022
ISSN tạp chí
Nhan đề tập
Từ khóa chủ đề
Capital structure , Company income tax , Personal income tax
Địa chỉ truy cập
Vui lòng sử dụng ứng dụng DRM AOF để đọc tài liệu số
