Abstract
This study aims to examine the factors affecting the business efficiency of companies in the seafood industry listed on the Vietnamese stock market. The article analyzes the data collected from the financial statements of 20 listed seafood companies operating in Vietnam from 2016 to 2020. The study uses EViews software in quantitative analysis to build a panel data regression model to determine the relationship and level of impact of internal factors on the business performance of seafood companies. Business efficiency is measured by return on assets (ROA), return on equity. The research results show that the factors affecting the business efficiency of listed seafood companies include: capital structure, firm size, growth rate of assets, solvency.
Highlights
Business efficiency represents the development in depth, reflecting the level of exploitation and use of resources in the reproduction process to achieve business goals with the lowest costs and highest efficiency
The results show that financial leverage and asset growth rate have a statistically significant effect on return on assets (ROA), return on equity (ROE), and Tobin's Q, while firm size has no effect on the mentioned criteria
This study shows that Growth rate (GRO) has no statistical significance for ROE, showing that the assets of listed seafood companies tend to be quite stable in the market, so the increase or decrease in prices is not a factor clearly affecting ROE
Summary
Business efficiency represents the development in depth, reflecting the level of exploitation and use of resources in the reproduction process to achieve business goals with the lowest costs and highest efficiency. Improving business performance is necessary for any company to maximize profits. Vietnam's stock market is a long-term capital mobilization channel for investment and development. The major concern of investors on the stock market is the efficiency of production and business activities of listed joint-stock companies. Listed seafood companies must improve their business efficiency in order to attract investors. The study of influencing factors is necessary to help companies be aware of their advantages, access investment capital to expand and develop the company and contribute to stabilizing the economy
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