Comparison of factors affecting performance of banks and securities companies : Evidence from Ho Chi Minh stock exchange and Ha Noi stock exchange

Abstract

This research study is conducted to compare the factors affect performance between banks and securities companies (size, capital adequacy, cost-income ratio and management efficiency). The regression models are estimated by fixed effect in panel data. Banks and securities companies’ data is manually collected from Hochiminh stock exchange and Hanoi stock exchange for the period from 2009 to 2013. The number of observation is 156 consists of 16 commercial banks (77 observations) and 17 securities companies (79 observations). By using the panel data and a variety of statistical methods, I made a comprehensive conclusion and comparison of the influences of a number of micro- and macro- key indicators on the performance of the financial systems of Vietnam. Finally, based on the empirical analysis results, series of useful suggestion is made.