THE IMPACT OF BANKING RELATIONSHIP ON FIRM PERFORMANCE: EVIDENCE FROM HO CHI MINH STOCK EXCHANGE, VIETNAM

被引：0
|
作者：
Khuu Thi Phuong Dong [1 ]
Nguyen Thi Ngoc Hoa [1 ]
Tran Cong Hiep [2 ]
Tran Viet Thanh Truc [1 ]
机构：
[1] Can Tho Univ, Can Tho, Vietnam
[2] Vietnam Audit Co Ltd, Branch Deloitte, Hanoi, Vietnam
来源：
INTERNATIONAL JOURNAL OF BUSINESS AND SOCIETY | 2023年 / 24卷 / 02期
关键词：
banking relationship; firm performance; fixed effect model; Ho Chi Minh stock exchange; Vietnam; CAPITAL STRUCTURE; INFORMATION; CHOICE; COSTS;
D O I：
10.33736/ijbs.5955.2023
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study aimed to investigate how close banking relationships affect Vietnamese public listed firms' financial performance based on the empirical evidence of 172 companies listed on Ho Chi Minh City Stock Exchange in the period 2017 - 2019. Regression models, including Pooled Ordinary Least Square (OLS), Fix Effects Model (FEM) and Random Effects Model (REM) were explored to test the proposed hypotheses. The results indicated that banking relationships have advantages that outweigh disadvantages, which brings a positive impact on firm performance. These results suggested that firms should pay attention to the quality of the banking relationships instead of seeking for negotiation power and diversity in sources of funds.
引用
收藏
页码：711 / 726
页数：16
相关论文
共 50 条
  • [1] THE IMPACT OF SHADOW BANKING ON NONFINANCIAL FIRMS LISTED ON THE HO CHI MINH STOCK EXCHANGE (HOSE): EVIDENCE FROM VIETNAM
    Le-Bao, Thy
    Kim, Ngan Nguyen Thi
    Dieu, Thi Hoang
    JOURNAL OF EASTERN EUROPEAN AND CENTRAL ASIAN RESEARCH, 2024, 11 (01): : 97 - 113
  • [2] CEO attributes and firm performance: Evidence from companies listed on Ho Chi Minh Stock Exchange
    Nguyen, Dzung Viet
    Nguyen, Ngan Hoang-Kim
    Dinh, Tien Thuy
    COGENT ECONOMICS & FINANCE, 2023, 11 (02):
  • [3] Modeling Stock Price Volatility: Empirical Evidence from the Ho Chi Minh City Stock Exchange in Vietnam
    Cuong Thanh Nguyen
    Manh Huu Nguyen
    JOURNAL OF ASIAN FINANCE ECONOMICS AND BUSINESS, 2019, 6 (03): : 19 - 26
  • [4] ASYMMETRIC INFORMATION: EMPIRICAL EVIDENCE FROM HO CHI MINH STOCK EXCHANGE
    Nguyen Thi My Thanh
    Nguyen Thi Bich Loan
    Nguyen Thi Tuyet Nhung
    PROCEEDINGS OF THE 1ST INTERNATIONAL CONFERENCE ON FINANCE AND ECONOMICS 2014, 2014, : 499 - 513
  • [5] Overreaction in a Frontier Market: Evidence from the Ho Chi Minh Stock Exchange
    Truong, Loc Dong
    Cao, Giang Ngan
    Friday, H. Swint
    Doan, Nhien Tuyet
    INTERNATIONAL JOURNAL OF FINANCIAL STUDIES, 2023, 11 (02):
  • [6] An analysis of the interaction between leverage and market value: Evidence from the Ho Chi Minh City Stock Exchange in Vietnam
    Long Thanh Pham
    Thu Thi Minh Vu
    Linh Ha Nguyen
    Mo Tran Thi
    INTERNATIONAL JOURNAL OF ADVANCED AND APPLIED SCIENCES, 2023, 10 (12): : 142 - 152
  • [7] PRICE LIMITS AND STOCK MARKET VOLATILITY: EMPIRICAL EVIDENCE FROM THE HO CHI MINH STOCK EXCHANGE
    Nguyen Thi Tuyet Nhung
    FINANCE AND PERFORMANCE OF FIRMS IN SCIENCE, EDUCATION, AND PRACTICE, 2015, : 1102 - 1111
  • [8] The Impact of a Balanced Scorecard on Enterprise Performance in Ho Chi Minh City, Vietnam
    Thuong, Chau Van
    Singh, Harwindar
    INTERNATIONAL JOURNAL OF ORGANIZATIONAL LEADERSHIP, 2023, 12 (02) : 198 - 215
  • [9] The Impact of Index Future Introduction on Spot Market Returns and Trading Volume: Evidence from Ho Chi Minh Stock Exchange
    Anh Thi Kim Nguyen
    Loc Dong Truong
    JOURNAL OF ASIAN FINANCE ECONOMICS AND BUSINESS, 2020, 7 (08): : 51 - 59
  • [10] The Relationship Between Corporate Governance and Underpricing: A Case Study in Ho Chi Minh Stock Exchange
    Tran, Khang Hoang
    Diep Thi Ngoc Nguyen
    Knapkova, Adriana
    Aliu, Florin
    JOURNAL OF ASIAN FINANCE ECONOMICS AND BUSINESS, 2021, 8 (07): : 375 - 381
12345