Abstract
This paper examines the relationships between ownership structure and capital structure for non-financial listed firms in Vietnam during the period 2007-2012. Although different approaches are applied in this research, all results from those models are consistent. The study finds that while foreign ownership has a negative impact on leverage, state ownership has a positive influence. Managerial ownership has a positive relation with debt level, while the effect of large ownership on debt level is not conclusive.
| Original language | English |
|---|---|
| Pages (from-to) | 319-344 |
| Number of pages | 26 |
| Journal | Australian Economic Papers |
| Volume | 55 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 1 Dec 2016 |
Bibliographical note
Publisher Copyright:© 2017 Flinders University and University of Adelaide and John Wiley & Sons Australia, Ltd
Keywords
- Vietnam
- business enterprises
- business enterprises, foreign
- corporate governance
- debt
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