摘要：This article is carried out to identify factors influencing on financial risk of construction firms listed on Vietnam's stock market. The panel data is extracted from financial statements of 142 listed construction firms between 2012 and 2019. Using regression analysis, financial risk was measured by Alexander Bathory model, it was found: the financial risk was significantly and positively correlated with inventory turnover, negatively correlated with debt structure, return on assets, quick ratio, accounts receivable turnover, fixed assets ratio and weakly correlated with fixed asset turnover, return on sales. These evidences provide useful new insights for business managers and governmental authorities.
