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
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