Capital Structure and Firm Performance of medium and small enterprises: Evidence from Vietnam

Authors

  • Editor AJMS

Keywords:

Capital structure, financial performance, small and medium enterprises (SMEs)

Abstract

This study analyzes on impact of the capital structure to financial performance of small and medium enterprises (SMEs) in Vietnam. The study surveyed data table of 1,885 enterprises for the period of 2006 to 2014, with the combination OSL, REM, FEM. The study found that the leverage has a direct relationship with the financial performance of a company. However, short-term debt has a lower impact on financial performance than the long-term debt. In addition, in terms of macroeconomics, only inflation has a direct relationship with financial performance, while GDP growth has no relation with financial performance.

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Published

2021-01-14

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Section

Articles