| dc.description.abstract | The thesis analyzes the determinant capital structure on the firm of construction industry in Vietnam. It includes 32 companies (sample) and data is collected in five years. We also use the previous studies as the reference to comprehend about the capital structure and analyze the result from the thesis.
First, we will give the overview about the industry and next introduce the theory relevant with the thesis, then building the model of thesis based on the previous thesis. After testing the hypothesis and get the result, I give the conclusion of my thesis and suggest some recommendation to further studies.
In detail, I am going to talk what is purpose and implication of the thesis. Some main points of the construction industries such as the condition, growing and goal are explained. There
are four theories mentioned: trade-off theory, pecking other theory, agency cost theory and market timing hypothesis. Moreover, I use the econometric methods to analyze the data sample. There are dependent and independent variable of the regression model. In dependent variable, I
use the book value of debt ratio and in the independent variable; I use six variables which include: profitability, size, expected growth rate, tangibility, market to book value and non-debt
tax shield.
The result shows five over six dependent variables is significant and the tangibility is
the most effects variable that affect to the capital structure of the firms on construction industry. However, due to the data limitation, some test is not passed. Thus, the further studies should take more data on the thesis.
Keyword: capital structure, leverage, determinant, relationship, construction industry. | en_US |
