Financial constraints

This paper focuses on testing the applicability of various financial constraints measurements in the context of the Vietnamese market. Using a sample of non-financial quoted firms throughout 2010-2019; our paper contributes to current corporate finance literature with a novel and simple measurement of financial shortages that is effectively applicable for Vietnamese firms, namely the Age-size-cash flow- interest coverage index (ASCIC).

5p viling 11-10-2024 0 0   Download

This paper studies the effect of government contracts on trade credit by using a crosscountry firm-level data from the Enterprise Surveys of the World Bank with 10,200 observations. We apply the instrumental variable to take into account the endogeneity problem caused by the simultaneous relationship between government contracts and trade credit. Our empirical results show that government contracts have negative effects on trade credit.

29p toduongg 24-08-2024 2 0   Download

Master's thesis "Factors impacting on abnormal investment of listed firms in Ho Chi Minh stock exchange" to study factors impacting on abnormal investment in Vietnam, namely that factors are free cash flow and dividends. To achieve the main purpose, the study aims to first classify abnormal investment into two categories, over- and under-investment, by using an accounting-based framework developed by Richardson (2006) and Guariglia and Yang (2016).

125p caongulam 10-11-2023 14 7   Download

The second essay examines the effect of banking system reform, which is defined by the presence of foreign banks, on investment-cash flow relation in a context of a small transition economy. I find evidence that the presence of foreign banks in Vietnam results in decreasing in firm’s dependence on local banks and has changed their financial constraint. Company investments are less reliant on internal cash flow in the post reform period.

178p kequaidan6 15-07-2020 22 1   Download

This paper pointed out achievements, constraints and the need of provision of appropriate intervention measures to overcome cumbersome in the current financial regime for scientific research in universities. Especially, the author proposed groups of solution with a view to improving the financing mechanism for S&T in universities, in general and in the Academy of Finance(AOF), in particular.

11p jangni6 07-05-2018 30 2   Download

• Modern technological networks are on a collision course with human organizations, both civilian and military: – conflicts arise in all stages: design, configuration, and operations – conflicts with regulatory and C2 constraints – competing financial and other incentives • Time is ripe to integrate economic thought into networking – current technology isolated from human goals and constraints – we must manage and design networks in their broader contexts Cleared for public release, distribution unlimited Network-centric Operations are at Risk • • • • Increasingly pervasive networking c...

24p yeuthuong 31-10-2010 71 6   Download