| dc.description.abstract | This paper’s ultimate goal is to identify and understand relationships
between 3 leverage measures, Short-term debts ratio, Long-term debts ratio, Total
debts ratio, and 6 most common determinants including Size, Profitability,
Tangibility, Growth opportunities, Non-debt tax shield, and Government ownership. Subjects of this study are all listed firms on Ho Chi Minh Stock Exchange with available information of 2007 and 2008. Collected data from listed firm’s financial report will then be input into statistical software called SPSS (Statistical Package for Social Science) for analyzing.
Outcomes of this study illustrated specific features of a newly open market like Vietnam and its development in special occasions of booming stock market and global financial crisis. While Size, Tangibility and Growth opportunities shows positive correlations with leverage measures, Profitability and Non-debt tax shield reported opposite correlations. On the other hand, Government ownership holds conflicting relationships with leverage measures as Short-term debts ratio increases and Long-term debts ratio decreases with it. | en_US |
