Does COVID-19 affect small and medium enterprises’ capital structure in vietnam?
AbstractThis study estimates the effect of COVID-19 on listed small and medium enterprises’ capital structures in Vietnam from 2010 to 2020 by a dynamic panel model with 825 observations. Conducting the generalized method of moments, the findings show that COVID-19 is a significant factor affecting...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2023-12-01
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| Series: | Cogent Economics & Finance |
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| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2023.2190268 |
| _version_ | 1797658367416598528 |
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| author | Quoc Trung Nguyen Kim |
| author_facet | Quoc Trung Nguyen Kim |
| author_sort | Quoc Trung Nguyen Kim |
| collection | DOAJ |
| description | AbstractThis study estimates the effect of COVID-19 on listed small and medium enterprises’ capital structures in Vietnam from 2010 to 2020 by a dynamic panel model with 825 observations. Conducting the generalized method of moments, the findings show that COVID-19 is a significant factor affecting small and medium enterprises’ capital structures. The current results are explained based on the signalling theory. Although the findings are consistent with the previous empirical studies indicating the capital structure and exploring its determinants in diverse ways, these studies are interpreted based on agency theory, pecking of order, trade-off theory. Furthermore, our results are robust to a series of endogeneity checks using an alternative method of regression. |
| first_indexed | 2024-03-11T17:59:04Z |
| format | Article |
| id | doaj.art-7fb724fd0a8140e190d84cdbf6e410e4 |
| institution | Directory Open Access Journal |
| issn | 2332-2039 |
| language | English |
| last_indexed | 2024-03-11T17:59:04Z |
| publishDate | 2023-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Economics & Finance |
| spelling | doaj.art-7fb724fd0a8140e190d84cdbf6e410e42023-10-17T10:51:05ZengTaylor & Francis GroupCogent Economics & Finance2332-20392023-12-0111110.1080/23322039.2023.2190268Does COVID-19 affect small and medium enterprises’ capital structure in vietnam?Quoc Trung Nguyen Kim0Faculty of Accounting – Auditing, University of Finance – Marketing, Ho Chi Minh, VietnamAbstractThis study estimates the effect of COVID-19 on listed small and medium enterprises’ capital structures in Vietnam from 2010 to 2020 by a dynamic panel model with 825 observations. Conducting the generalized method of moments, the findings show that COVID-19 is a significant factor affecting small and medium enterprises’ capital structures. The current results are explained based on the signalling theory. Although the findings are consistent with the previous empirical studies indicating the capital structure and exploring its determinants in diverse ways, these studies are interpreted based on agency theory, pecking of order, trade-off theory. Furthermore, our results are robust to a series of endogeneity checks using an alternative method of regression.https://www.tandfonline.com/doi/10.1080/23322039.2023.2190268capital structureCOVID-19signalling theoryVietnamD24J11 |
| spellingShingle | Quoc Trung Nguyen Kim Does COVID-19 affect small and medium enterprises’ capital structure in vietnam? Cogent Economics & Finance capital structure COVID-19 signalling theory Vietnam D24 J11 |
| title | Does COVID-19 affect small and medium enterprises’ capital structure in vietnam? |
| title_full | Does COVID-19 affect small and medium enterprises’ capital structure in vietnam? |
| title_fullStr | Does COVID-19 affect small and medium enterprises’ capital structure in vietnam? |
| title_full_unstemmed | Does COVID-19 affect small and medium enterprises’ capital structure in vietnam? |
| title_short | Does COVID-19 affect small and medium enterprises’ capital structure in vietnam? |
| title_sort | does covid 19 affect small and medium enterprises capital structure in vietnam |
| topic | capital structure COVID-19 signalling theory Vietnam D24 J11 |
| url | https://www.tandfonline.com/doi/10.1080/23322039.2023.2190268 |
| work_keys_str_mv | AT quoctrungnguyenkim doescovid19affectsmallandmediumenterprisescapitalstructureinvietnam |