Capital Structure Evaluation, Business Size and Firms’ Facility of Food and Beverage Firms Listed on the Hanoi Stock Exchange

Nguyễn Văn Thụ

doi:10.47191/ijmra/v4-i1-07

Abstract

The study investigates capital structure, business size and firms’ facility of food and beverage firms listed on the Hanoi Stock Exchange (HNX). The study employs a set of aggregated data from 15 food and beverage firms listed on the HNX. At the same time, the study also receives comments from experts experienced in the research field. We have performed some descriptive analysis, compared and correlation analysis with support by software Stata13 to evaluate and measure capital structure, business size and firms’ facility of food and beverage firms listed on the Hanoi Stock Exchange (HNX). The results show that there is a difference in capital structure, business size and firms’ facility of food and beverage firms listed on the Hanoi Stock Exchange (HNX). Firms with 10% or more foreign ownership account for a relatively low proportion of these enterprises.

Highlights

Regional and global economic integration opens up many opportunities for food and beverage (F&B) firms in Vietnam to develop product consuming markets, to inherit and apply modern technologies as well as production processes from foreign businesses in developed countries
It is necessary to evaluate capital structure, the size of the business and the facilities of F&B firms listed on the Hanoi Stock Exchange (HNX) in order to enhance the financial capacity of these businesses
Inheriting previous studies, this study uses a mixed research method to evaluate capital structure, the size of the business and the facilities of F&B firms listed on the HNX in the period 2015-2019

Summary

INTRODUCTION

Regional and global economic integration opens up many opportunities for food and beverage (F&B) firms in Vietnam to develop product consuming markets, to inherit and apply modern technologies as well as production processes from foreign businesses in developed countries. The competition pressure will be stronger and more intense, requiring F&B firms in Vietnam to have appropriate production and business strategies, especially focusing on financial management in general, management in capital structure, business size and facilities in particular. Capital structure is considered one of the most important topics that have been studied by theories and literature of finance and accounting. These theories have been used to stipulate the best mix, and to explain the factors that determine the capital structure, as well as guiding firms to make decision, which lead to optimal capital structure) It is necessary to evaluate capital structure, the size of the business and the facilities of F&B firms listed on the HNX in order to enhance the financial capacity of these businesses

THEORETICAL BACKGROUND AND LITERATURE REVIEW

METHODOLOGY

Correlation analysis results Table 5

DISCUSSIONS AND IMPLICATIONS