The Volatility of Market Risk in Viet Nam Listed Consumer Good Company Groups During and after the Financial Crisis 2007-2009

Abstract

This study estimates market risk of total 228 listed companies in Viet Nam consumer good industry during the financial crisis period 2007-2009. Firstly, we found out in the research sample that there are 86% of firms, of total listed firms, with beta values lower than ( ) 1, meaning having stock returns fluctuating more than the market benchmark. Thirdly, among three (3) groups, the systemic risk in the material and consumer good industry is the smallest, shown by estimated values of equity and asset beta mean, and asset beta variance in the wholesale and retail industry is the smallest. Finally, this paper generates some analytical outcomes that enable companies and government to have more evidence in establishing their policies in investments and in governance.