Bằng chứng thực nghiệm về hạn mức sử dụng nợ tối ưu trong các doanh nghiệp niêm yết tại việt nam

• Tác giả: Hồng Đức Vỗ, Tường Luân Võ
• Ngôn ngữ: vie
• Ký hiệu phân loại: 378.597 Higher education
• Thông tin xuất bản: Phát triển kinh tế, 2014
• Mô tả vật lý: 43-60
• Bộ sưu tập: Metadata
• ID: 556416

Tóm tắt

 The research aims at measuring threshold effects of employment of debt on firm's profitability and suggesting a method of identifying a reasonable limit on employment of debt with a view' to ensuring firm profitability. The research uses data from 191 firms listed on HOSE and HNX that provide satisfactory data of their operation in 2005-2012. Threshold regression is used for testing and estimating relationship between employment of debt and firm profitability. Empirical results show that there exist double threshold effects of debt employment on firm profitability. Such effects differ over debt ratios, namely: (i) Debt employment has a positive effect on profitability when the debt ratio is smaller than 56.67 percent
  (ii) When the debt ratio is between 56.67 percent and 69.72 percent, the effect of debt employment on profitability is negative
  and (iii) The negative effect increases when the debt ratio exceeds 69.72 percent.