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Published: 2021-04-27
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DOI: https://doi.org/10.52932/jfm.vi54.105
Issue
No. 54 (2019)
Section
Research Articles
How to Cite
Thanh Nhã, N. . (2021). Impact of company characteristics on debt maturity structure of real estates companies in Vietnam: Comparison between a static model and a dynamic model. Journal of Finance and Marketing, (54). https://doi.org/10.52932/jfm.vi54.105

Impact of company characteristics on debt maturity structure of real estates companies in Vietnam: Comparison between a static model and a dynamic model

Nguyen Thanh Nha1
1 University of Finance – Marketing

Main Article Content

Abstract

In this paper, we report on a study to investigate impacts of company characteristics on debt maturity structure of real estate companies listed on Ho Chi Minh Stock Exchange in the duration from 2008 to 2018. The study was developed based the theories related to debt maturity structure such as the agency cost theory, the signaling theory, the matching theory and the tax-based theory. Using the Sys-GMM method and comparing outcomes from a static model with a dynamic model, the study showed the real-estate companies did not make adjustment to the debt maturity structure. The firm size, growth opportunity and liquidity were found to decisively affect the debt structure of the companies

Article Details

Keywords

Debt maturity structure, company characteristics, static model, dynamic model, Sys- GMM

References

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