NHÂN TỐ TÁC ĐỘNG ĐẾN KHẢ NĂNG XẢY RA CĂNG THẲNG TÀI CHÍNH TẠI CÁC CÔNG TY NIÊM YẾT TRÊN THỊ TRƯỜNG CHỨNG KHOÁN VIỆT NAM

Abstract

This study aims to find out the factors that affect the likelihood of financial distress for companies listed on the Ho Chi Minh City Stock Exchange and Hanoi Stock Exchange in the period from 2013- 2020. The author uses secondary data from 623 listed companies. The research results show that the model has three factors affecting the likelihood of financial distress in enterprises, including: LEV (Financial Leverage), SIZE (Company Size) and WC (Working capital ratio). On that basis, the author makes some recommendations for listed companies when they are "in financial distress" and "can avoid the possibility of financial distress".