THE IMPACTS OF CAPITAL STRUCTURE TO FINANCIAL RISKS OF LISTED CEMENT COMPANIES IN VIETNAM

Tác giả: Nguyễn Việt Dũng; Số trang: 6

Abstract
The paper examines the impact of capital structure to financial risk of listed cement companies in Vietnam. The study used the data of the 13 listed cement companies in the period 2013 – 2017. Estimated results indicated that the capital structure has positive impact on the financial balance and short-term liquidity. It means that adjusting the capital structure by increasing regular capital and controlling the debt ratio will reduce financial risks for the companies. The results are contrary to some other domestic and foreign research results. Besides, firm size and the structure of assets have negative affect to the financial balance and short-term liquidity. This study’s results have a theoretical and practical significance in financial management of listed cement companies in Vietnam.
Key words: Capital structure, financial risks, cement companies.

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Ban biên tập Tạp chí Kinh tế & Quản trị Kinh doanh
Phòng 506, Nhà điều hành, trường Đại học Kinh tế & Quản trị Kinh doanh
Địa chỉ: Phường Tân Thịnh, thành phố Thái Nguyên
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