Luận văn thạc sĩ evidence on market to book value and firm performance, a study of listed firms in vietnam
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Luận văn thạc sĩ evidence on market to book value and firm performance, a study of listed firms in vietnam
Luận văn thạc sĩ evidence on market to book value and firm performance, a study of listed firms in vietnam
MINISTRY OF EDUCATION AND TRAINING UNIVERSITY OF ECONOMICS IIOCIIIMINII CITY— oOo —eNGUYEN TUONG PHUONGEVIDENCE ON MARKET-TO-BOOK VALUEAND FIRM PERFOR Luận văn thạc sĩ evidence on market to book value and firm performance, a study of listed firms in vietnam RMANCE:A STUDY OF LISTED FIRMS IN VIETNAMMASTER THESISHo Chi Minh City - 2011MINISTRY OF EDUCATION AND TRAINING UNIVERSITY OF ECONOMICS HOCHIMINH CITY— oOo —NGUYEN TUONG PHUONGEVIDENCE ON MARKET-TO-BOOK VALUEAND FIRM PERFORMANCE:A STUDY OF LISTED FIRMS IN VIETNAMMA JOR:FINANCE & BANKINGMAJOR CODE: 6 Luận văn thạc sĩ evidence on market to book value and firm performance, a study of listed firms in vietnam 0.31.12MASTER THESISINSTRUCTOR :DR. TRUONG TAN TH ANHHo Chi Minh City - 2011ACKNOWLEDGEMENTI would like to expess my sincere gratitude to my instructoLuận văn thạc sĩ evidence on market to book value and firm performance, a study of listed firms in vietnam
r. Dr. Truong Tan Thanh for guiding me throughout this thesis.My appreciation to all of my teachers at Faculty of banking and finance, University of EMINISTRY OF EDUCATION AND TRAINING UNIVERSITY OF ECONOMICS IIOCIIIMINII CITY— oOo —eNGUYEN TUONG PHUONGEVIDENCE ON MARKET-TO-BOOK VALUEAND FIRM PERFOR Luận văn thạc sĩ evidence on market to book value and firm performance, a study of listed firms in vietnam for their support and encouragement.ABSTRACTThis study tries to interprete the relationship between market to book value (a proxy of growth opportunity) and firm performance based on capital structure theory, tradeoff theory and costly external financing theory. and other studies relative to this to Luận văn thạc sĩ evidence on market to book value and firm performance, a study of listed firms in vietnam pic. The author uses cross-sectional data 2009 and 2010 of 70 listed companies in Vietnam to investigate the effect of market to book on firm’s perforLuận văn thạc sĩ evidence on market to book value and firm performance, a study of listed firms in vietnam
mance. As the results of this study, price to book value is the important determinant of firm performance. This finding supports the argument of Xu etMINISTRY OF EDUCATION AND TRAINING UNIVERSITY OF ECONOMICS IIOCIIIMINII CITY— oOo —eNGUYEN TUONG PHUONGEVIDENCE ON MARKET-TO-BOOK VALUEAND FIRM PERFOR Luận văn thạc sĩ evidence on market to book value and firm performance, a study of listed firms in vietnam formance, which is consistent with the results of Modigliani and Miller (1958), Robichek and Myers (1966), Jensen and Meckling (1976), Frank et al (2005). Firm size has negative and significant correlation with firm's performance, which contrasts with Titan & Zeitlin (2007). Beta has negative influe Luận văn thạc sĩ evidence on market to book value and firm performance, a study of listed firms in vietnam nce to market to book ratio. This finding is consistent with Damodaran (2002), Myers and Majluf (1984), Baker and Wurgler (2002), Harris and Marston (Luận văn thạc sĩ evidence on market to book value and firm performance, a study of listed firms in vietnam
1994). Firm performance in 2009 has positive influence to growth opportunity (Pb) in 2010. This result favours Damodaran (2002), Block (1995). IndustrMINISTRY OF EDUCATION AND TRAINING UNIVERSITY OF ECONOMICS IIOCIIIMINII CITY— oOo —eNGUYEN TUONG PHUONGEVIDENCE ON MARKET-TO-BOOK VALUEAND FIRM PERFOR Luận văn thạc sĩ evidence on market to book value and firm performance, a study of listed firms in vietnam ------------------------------------------1ABSTRACT-----------------------------------------------------11TABLE OF CONTENTS--------------------------------------------111LIST OF FIGURES----------------------------------------------ivLIST OF TABLES-----------------------------------------------V Luận văn thạc sĩ evidence on market to book value and firm performance, a study of listed firms in vietnam MINISTRY OF EDUCATION AND TRAINING UNIVERSITY OF ECONOMICS IIOCIIIMINII CITY— oOo —eNGUYEN TUONG PHUONGEVIDENCE ON MARKET-TO-BOOK VALUEAND FIRM PERFORGọi ngay
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