银行关系对企业绩效的影响:来自越南胡志明证券交易所的证据

IF 0.7 Q4 BUSINESS International Journal of Business and Society Pub Date : 2023-08-14 DOI:10.33736/ijbs.5955.2023

K. Thị, Phuong Dong, Nguyen Thi, N. Hoa, Tran Cong Hiep, T. Việt, T. Truc

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引用次数: 0

摘要

本研究旨在基于2017 - 2019年胡志明市证券交易所172家上市公司的实证证据，探讨银行关系对越南上市公司财务绩效的影响。采用混合普通最小二乘(OLS)、固定效应模型(FEM)和随机效应模型(REM)等回归模型对上述假设进行检验。结果表明，银行关系的优势大于劣势，对企业绩效产生积极影响。这些结果表明，企业应注重银行关系的质量，而不是追求议价能力和资金来源的多样性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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THE IMPACT OF BANKING RELATIONSHIP ON FIRM PERFORMANCE: EVIDENCE FROM HO CHI MINH STOCK EXCHANGE, VIETNAM

This study aimed to investigate how close banking relationships affect Vietnamese public listed firms’ financial performance based on the empirical evidence of 172 companies listed on Ho Chi Minh City Stock Exchange in the period 2017 – 2019. Regression models, including Pooled Ordinary Least Square (OLS), Fix Effects Model (FEM) and Random Effects Model (REM) were explored to test the proposed hypotheses. The results indicated that banking relationships have advantages that outweigh disadvantages, which brings a positive impact on firm performance. These results suggested that firms should pay attention to the quality of the banking relationships instead of seeking for negotiation power and diversity in sources of funds.

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来源期刊

International Journal of Business and Society BUSINESS-

CiteScore

1.80

自引率

10.00%

发文量

期刊介绍： International Journal of Business and Society (IJBS) is an international scholarly journal devoted in publishing high-quality papers using multidisciplinary approaches with a strong emphasis on business, economics and finance. It is a triannual journal published in April, August and December and all articles submitted are in English. Our uniqueness focus on the impact of ever-changing world towards the society based on our niche area of research. IJBS follows a double-blind peer-review process, whereby authors do not know reviewers and vice versa. The journal intends to serve as an outlet with strong theoretical and empirical research and the papers submitted to IJBS should not have been published or be under consideration for publication elsewhere.