Impact of Capital Structure and Cash Holdings on Firm Value: Case of Firms Listed on the Ho Chi Minh Stock Exchange

Authors

  • Nguyen Minh Ha Ho Chi Minh City Open University
  • Le Minh Tai

Abstract

This study analyses the impact of capital structure on cash holdings and the impact of capital structure and cash holdings on the value of firms listed on the Ho Chi Minh Stock Exchange (HOSE). With data from the financial statements of 105 firms listed on HOSE since 2009 – 2014 and using the GLS method, results show that cash holdings are positively related to the firm value; short - term debt is negatively related to firm value; the impact of long - term debt on the firm value is not statistically significant; short and long - term debt are negatively related to cash holdings.

Keywords: Capital Structure, Cash Holdings, Firm Value

JEL Classificaitons: G30, G31, G32

Downloads

Download data is not yet available.

Author Biography

Nguyen Minh Ha, Ho Chi Minh City Open University

Assiciate Professor in Economics

Downloads

Published

2017-01-13

How to Cite

Ha, N. M., & Tai, L. M. (2017). Impact of Capital Structure and Cash Holdings on Firm Value: Case of Firms Listed on the Ho Chi Minh Stock Exchange. International Journal of Economics and Financial Issues, 7(1), 24–30. Retrieved from https://econjournals.com/index.php/ijefi/article/view/3070

Issue

Section

Articles