NHÂN TỐ ẢNH HƯỞNG ĐẾN CẤU TRÚC KỲ HẠN NỢ CỦA CÁC DOANH NGHIỆP XÂY DỰNG TRÊN SÀN CHỨNG KHOÁN VIỆT NAM

Abstract

The objective of this study is to measure the factors affecting the debt maturity structure of construction enterprises listed on the Vietnam stock exchanges. On the basis of theory and empirical studies, the author builds a model of 8 factors affecting the debt maturity structure of construction enterprises listed on the Vietnam stock exchanges. Through quantitative research methods, feasible generalized least squares (FGLS) method, the author has identified 6 variables with statistical significance at the 5% level that affect the debt maturity structure of the businesses, including: business size, tax, liquidity, profit, financial leverage, inflation rate. Based on the obtained results, the author proposes some policy implications on debt term structure to increase financial efficiency for construction enterprises in Vietnam.