| dc.description.abstract | Prior to return, risk is an essential component of investments and financial
transactions. Idiosyncratic risk (or unsystematic risk) and market risk (or systematic
risk) are both included in total risk. From 2015 to 2019, this thesis examines the connection
between idiosyncratic, market, total risks, and the life cycle of some manufacturing
companies listed on the Ho Chi Minh stock exchange. Based on the idea that cash flow
captures the difference in profitability, growth, and a corporation's risk (Dickinson, 2011),
the life cycle will be classified based on the change in cash flow rather than the age of the
firm, as many other studies have done. As a result, understanding how the phases of the
business life cycle affect both internal and external risks help managers and investors
manage their portfolios and minimize the dangers that may be encountered. This study,
which used data from 85 manufacturing enterprises in the Vietnam market, found that risks
are much higher during the introduction, shakeout, and downturn phases, while
significantly lower during the growth and maturity period | en_US |
