Luận Văn Capital structure and firm performance Case study Listed companies in hochiminh stock exchange

TABLE OF CONTENTS


ACKNOWLEDGEMENT .i


ABSTRACT ii


TABLE OF CONTENTS iii


LIST OF FIGURES .v


LIST OF TABLES vi


ABBREVIATIONS . vii


CHAPTER 1: INTRODUCTION 1


1.1 BACKGROUND 1


1.2 RESEARCH PROBLEMS .3


1.3 RESEARCH OBJECTIVES .4


1.4 RESEARCH METHODOLOGY AND SCOPE 5


1.5 STRUCTURE OF THE STUDY 5


CHAPTER 2: LITERATURE REVIEW 7


2.1 INTRODUCTION 7


2.2 CAPITAL STRUCTURE .7


2.3 FIRM PERFORMANCE 11


2.4 HYPOTHESIS AND EMPIRICAL MODEL 12


2.4.1. Model 1: The Leverage Model .12


2.4.2. Model 2: The Firm Value Model .15


CHAPTER 3: RESEARCH DESIGN 18


3.1 INTRODUCTION 18


3.2 DATA .18


3.3 RESEARCH DESIGN 18


3.3.1. Research Sample 19


3.3.2. Data Analysis Method 20


3.4 VARIABLES MEASUREMENT FOR MODEL 1 .20


3.4.1. Dependent Variables 20


3.4.2. Independent Variables 21


3.5 VARIABLES MEASUREMENT FOR MODEL 2 .21


3.5.1. Dependent Variables 21


3.5.2. Independent Variables 22


3.6 FRAMEWORK OF THE STUDY .23


3.7 SUMMARY 24


CHAPTER 4: EMPIRICAL RESULTS OF THE RESEARCH .25


4.1 INTRODUCTION 25


4.2 CHARACTERISTICS OF RESEARCH SAMPLES .25


4.3 DESCRIPTIVE STATISTICS .26


4.4 REGRESSION ANALYSIS .29


4.4.1. Model 1: The Leverage Model .29


4.4.2. Model 2: The Firm Value Model .32


CHAPTER 5: CONCLUSIONS, RECOMMENDATIONS AND LIMITATIONS 38


5.1 INTRODUCTION 38


5.2 CONCLUSIONS 38


iii


5.3 RECOMMENDATIONS 39


5.4 LIMITATIONS 40


REFERENCES 41


APPENDIX A .44


APPENDIX B .45


APPENDIX C .51