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Nguyen Thanh Liem [Author]; Đặng Văn Tân [Author]; Huỳnh Thị Tuyến [Author]; Lê Thị Thảo Nhi [Author]; Trần Lý Hoàng Quyên [Author]; Nguyễn Duy Anh [Author]

Nợ, cơ hội tăng trưởng và đầu tư của các doanh nghiệp niêm yết ở Việt Nam

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  • Media type: E-Article
  • Title: Nợ, cơ hội tăng trưởng và đầu tư của các doanh nghiệp niêm yết ở Việt Nam
  • Contributor: Nguyen Thanh Liem [VerfasserIn]; Đặng Văn Tân [VerfasserIn]; Huỳnh Thị Tuyến [VerfasserIn]; Lê Thị Thảo Nhi [VerfasserIn]; Trần Lý Hoàng Quyên [VerfasserIn]; Nguyễn Duy Anh [VerfasserIn]
  • imprint: 2022
  • Published in: VNU journal of economics and business ; 2(2022), 3, Seite 81-99
  • Language: Vietnamese
  • DOI: 10.57110/jeb.v2i3.4716
  • ISSN: 2734-9861
  • Identifier:
  • Keywords: Debt maturity structure ; debt ; underinvestment ; Aufsatz in Zeitschrift
  • Origination:
  • Footnote: Zusammenfassung in englischer Sprache
  • Description: This study examines the simultaneous relationship between debt and debt maturity structure of firms with different growth opportunities. In addition, we analyze the effects of these factors on the investment of Vietnamese-listed firms in the period 2010-2020. Using the 3SLS regression model, the results show a negative relationship between debt and debt maturity structure, supporting the underinvestment hypothesis. However, when firms have higher growth opportunities, the relationship between the two factors turns positive, supporting the hypothesis of liquidity risk. The results of using the System GMM model to examine the impact of debt, debt maturity, and growth opportunities on investment further confirm the above findings. These findings have important implications for managers in making investment decisions.
  • Access State: Open Access