摘要：This paper investigates the impact of financial leverage and supply chain finance on firm performance of Vietnamese construction sector. Although there is a big gap in the literature needed to be filled, little empirical evidence can be found on this interesting topic. Therefore, the results are essential for Vietnamese firms, particularly those in construction industry. By adopting the generalized method of moment (GMM), the results reveal the significant influence of financial leverage and supply chain finance on the performance of construction firms. In particular, firm performance (FP) is more influenced by financial leverage (FL) than supply chain finance (SCF). The findings also show that supply chain finance plays a key role in enhancing firm performance. Meanwhile, more debts and their inefficient use exert a negative impact on firm performance, which is an unprecedented finding of this study.
关键词：Cash conversion cycle; Construction sector; Financial leverage; Performance; Vietnam
