Financial leverage, firm value and moderating role of grow opportunities: Vietnamese listed firms

The article "Financial leverage, firm value and moderating role of grow opportunities: Vietnamese listed firms" examines the effect of financial leverage on firm value and the moderating role of firm growth opportunities in Vietnam. The study utilizes a sample of Vietnamese firms listed on Vietnam stock exchanges between 2010 and 2020. Employing various estimation approaches such as pool OLS, FEM as well as REM models, the results show that financial leverage has a positive effect on firm value (Tobin’s Q).