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Tập 17 Số 1 (2015)
Home » Tập 17 Số 1 (2015) » Article Detail
TẬP 17 SỐ 1 (2015) DOI: 10.33301/2015.17.01.04

Above-Average Debt Ratio and the Relationship with Return on Equity: The Case of the Vietnamese Listed Seafood Enterprises

Authors: Nguyen Thanh Lan, Phan Hong Mai

Abstract:

Many studies have presented the relationship between the leverage of firms and return on equity (ROE) in order to analyze how significant leverage has influence on the ROE of enterprises. Exploring the data set from financial statements and annual reports of the Vietnamese listed seafood enterprises from 2009 to 2013, the paper aims to examine the determinants of these firms having a greater debt ratio than the average of the industry. In addition, the relationship between ROE and a firm’s leverage is analyzed by applying a fixed-effects regression. It can be found that firms having an above-average debt ratio have a lower ROE than their counterparts by 50.94%.
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Other Articles in this Issue:

  • Non-Performing Loans: Affecting Factor for the Sustainability of Vietnam Commercial Banks

    Authors: Nguyen Thi Minh Hue

  • Audit Quality Differences Among Auditors: The Case of Hong Kong

    Authors: Tyrone M. Carlin, Nigel Finch, Dung Manh Tran

  • Using Accounting Ratios in Predicting Financial Distress: An Empirical Investigation in the Vietnam Stock Market

    Authors: Vo Xuan Vinh

  • The Role of Different Channels in Transmitting Monetary Policy into Output and Price in Vietnam

    Authors: Nguyen Thi Thuy Vinh

  • Using the Spatial Econometric Approach to Analyze Convergence of Labor Productivity at the Provincial Level in Vietnam

    Authors: Nguyen Khac Minh, Pham Anh Tuan, Nguyen Viet Hung

JOURNAL OF ECONOMICS AND DEVELOPMENT - NATIONAL ECONOMICS UNIVERSITY
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ISSN: 1859-0012 (Print) | e-ISSN: 2815-5602 (Online)
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