期刊名称：European Journal of Business and Social Sciences
印刷版ISSN：2235-767X
出版年度：2015
卷号：4
期号：08
页码：218-230
出版社：European Society of Business and Social Sciences
摘要：The research attempts to explore how corporate governance and ownership structure affect capital structure in the context of an emerging economy like Vietnam by considering impact level of three groups of factors which are corporate governance, ownership structure and firm elements. Method of Multivariable Regression Analysis used with cross-panel data collected from 300 non-financial State-owned Enterprises (SOEs) in the period 2006-2012 shows that corporate governance and ownership structure measures have a significant impact on decision of capital structure of Vietnamese SOEs. Besides, pecking – order theory can explain basically the impact of classical firm elements such as tangibility, profitability, firm size and cost of debt on capital structure of Vietnamese SOEs.
关键词：Vietnamese SOEs; capital structure; corporate governance;ownership structure; innovation; emerging economy.
