摘要：This article focuses on identifying the determinants of financial decisions of the firms. To accomplish this section, the author collects data of 110 manufacturing firms in Vietnam, over the period of 2011-2018. For the analytical methods, the author uses Generalized Method of Moment (GMM) to estimate the study model. This method has the great advantage which is able to control the potential endogenous and overcome the regression hypotheses that are violated. The study results show that financial decisions (FD) are negatively affected by the return on assets (ROA), liquidity (LIQ), and tangibility (TANG). In addition, the financial decisions (FD) are also positively affected by the firm size (SIZE). With these findings, the firm managers will have a solid basis to make financial decisions appropriately.
