Inter relasionship between capitalstructure, free cash flow, diversification and firm performance
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Inter relasionship between capitalstructure, free cash flow, diversification and firm performance
Inter relasionship between capitalstructure, free cash flow, diversification and firm performance
UNIVERSITY OF ECONOMICS ERASMUS UNVERSITYROTTERDAM HO CHI MINH CITY INSTITUTE OF SOCIAL STUDIES VIETNAM THE NETHERLANDSVIETNAM - THE NETHERLANDSPROGRA Inter relasionship between capitalstructure, free cash flow, diversification and firm performanceAMME FOR M.A IN DEVELOPMENT ECONOMICSINTER-RELATIONSHIP BETWEEN CAPITALSTRUCTURE, FREE CASH FLOW, DIVERSIFICATION AND FIRM PERFORMANCEMASTER OF ARTS IN DEVELOPMENT ECONOMICSBYMr. THAI BA TOANAcademic Supervisor:Dr. PHAM DINH LONGHo Chi Minh City, December 2016INSTITUTE OF SOCIAL THE HAGUEUNIVERSITY Inter relasionship between capitalstructure, free cash flow, diversification and firm performanceOF ECONOMICSSTUDIES HO CHI MINH CITYVIETNAM THE NETHERLANDSVIETNAM - NETHERLANDSPROGRAMME FOR M.A IN DEVELOPMENT ECONOMICSINTER-RELATIONSHIP BETWEEN CInter relasionship between capitalstructure, free cash flow, diversification and firm performance
APITALSTRUCTURE, FREE CASH FLOW, DIVERSIFICATION AND FIRM PERFORMANCEA thesis submitted in partial fulfilment of the requirements for the degreeof MASUNIVERSITY OF ECONOMICS ERASMUS UNVERSITYROTTERDAM HO CHI MINH CITY INSTITUTE OF SOCIAL STUDIES VIETNAM THE NETHERLANDSVIETNAM - THE NETHERLANDSPROGRA Inter relasionship between capitalstructure, free cash flow, diversification and firm performancermance is always a lop concern of companies, rhe global financial crisis and public - debl crisis in Europe has had a negative impact on the economy of Vietnam, especially on Vietnamese companies, lherefore, the issues of performance enhancement, escaping from stagnating production and increasing sa Inter relasionship between capitalstructure, free cash flow, diversification and firm performanceles arc more necessary with the company. Besides, the trend of diversification has become more common in Vietnamese companies. These companies are attInter relasionship between capitalstructure, free cash flow, diversification and firm performance
rac ted to investment projects outside the industry, even these industries are not related to the core business of the companies. The selection of theUNIVERSITY OF ECONOMICS ERASMUS UNVERSITYROTTERDAM HO CHI MINH CITY INSTITUTE OF SOCIAL STUDIES VIETNAM THE NETHERLANDSVIETNAM - THE NETHERLANDSPROGRA Inter relasionship between capitalstructure, free cash flow, diversification and firm performanceost important issues, rhe objective of the study was Io find evidence of the inter -relationship between the four factors capital structure, free cash flow, diversification and firm performance in the Vietnamese market. The study used data from 118 non-financial companies listed on the Hanoi Stock E Inter relasionship between capitalstructure, free cash flow, diversification and firm performancexchange (HNX) and Hochiminh Stock Exchange (HOSE) in the period of 2009-2014. By using 2SLS and 3SLS regression methods, combined with comparable resuInter relasionship between capitalstructure, free cash flow, diversification and firm performance
lts from Odinaty least squares estimator, the study found out the evidence of the negative impact of firm performance to leverage, but this impact is UNIVERSITY OF ECONOMICS ERASMUS UNVERSITYROTTERDAM HO CHI MINH CITY INSTITUTE OF SOCIAL STUDIES VIETNAM THE NETHERLANDSVIETNAM - THE NETHERLANDSPROGRA Inter relasionship between capitalstructure, free cash flow, diversification and firm performancee reduces free cash flow in a company. From the empirical results, the study also proposes some advices to support companies in making decisions about capital structure and investment. The study also points out some of its limitations and hither research.Keywords: Capital structure, free cash flow, Inter relasionship between capitalstructure, free cash flow, diversification and firm performancediversification, firm performance, holistic analysisiACKNOWLEDGEMENTThis thesis is the last exercise, which summarized the process of learning and traInter relasionship between capitalstructure, free cash flow, diversification and firm performance
ining in the postgraduate programe for two years. The completed study would not be accomplished without any supports. Therefore. I gratefully give ackUNIVERSITY OF ECONOMICS ERASMUS UNVERSITYROTTERDAM HO CHI MINH CITY INSTITUTE OF SOCIAL STUDIES VIETNAM THE NETHERLANDSVIETNAM - THE NETHERLANDSPROGRA Inter relasionship between capitalstructure, free cash flow, diversification and firm performanceDevelopment Economics.Foremost, I would like to sincerely and gratefully thank Dr. Pham Dinh Long, my supervisor, for his great assistance, principal and valued advice during my thesis finish. He always stood by me, showed me the passion and the best way to finish my thesis. Without his counseling. Inter relasionship between capitalstructure, free cash flow, diversification and firm performanceI were not able to accomplish this study.I would like to thank the Vietnam - Netherlands Programme, especially professors and staffs for their help duInter relasionship between capitalstructure, free cash flow, diversification and firm performance
ring my thesis process. The professors not only gave me the knowledge but also created the best conditions for me in order to collect data and write tUNIVERSITY OF ECONOMICS ERASMUS UNVERSITYROTTERDAM HO CHI MINH CITY INSTITUTE OF SOCIAL STUDIES VIETNAM THE NETHERLANDSVIETNAM - THE NETHERLANDSPROGRA Inter relasionship between capitalstructure, free cash flow, diversification and firm performancel as references.I would like to thank all my friends, who never stopped encouraged and helped me when I met any difficulties in doing the thesis.Last but not least. 1 would like to give my deep gratitude to my family for their sacrifices to help me not only in studying in Master Degree, but also in Inter relasionship between capitalstructure, free cash flow, diversification and firm performancemy whole life.UNIVERSITY OF ECONOMICS ERASMUS UNVERSITYROTTERDAM HO CHI MINH CITY INSTITUTE OF SOCIAL STUDIES VIETNAM THE NETHERLANDSVIETNAM - THE NETHERLANDSPROGRAUNIVERSITY OF ECONOMICS ERASMUS UNVERSITYROTTERDAM HO CHI MINH CITY INSTITUTE OF SOCIAL STUDIES VIETNAM THE NETHERLANDSVIETNAM - THE NETHERLANDSPROGRAGọi ngay
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