Capital structure and firm performance : A Saigon beer - alcohol - beverage joint stock corporation case

Abstract

SABECO can find out factors that affect its capital structure. They are financial policy of the State, corporate tax rate, SABECO’s management attitudes, market conditions, internal condition and profitability of the corporation. SABECO also find out that it is unwise to use leverage in this year, 2009 and the next 2 years (2010 and 2011). Moreover, suggestions for improving SABECO’s capital structure in both qualitative and quantitative approaches will be discussed. In general, necessary knowledge and foundations for SABECO as well as other Vietnamese enterprises to purchase and establish an optimal capital structure will be discovered in this thesis. For the ones who are interested in studying about “body structure” of Vietnamese corporations also can use this thesis as a reference.