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The poster is a visualisation of my research proposal. Family firms play an important role in the global economies, especially in Vietnam. There have been studies on family firms' financing decisions; however, the results were mixed. On the one hand, family shareholders have strong control motives. Hence they are argued to employ more debt because debt is a non-control diluted security. On the other hand, family shareholders are risk averse, and have incentives to pass down their businesses. Thus, they may prefer equity since debt incorporates bankruptcy risks. The literature gap calls for a demand of investigating how family ownership impacts on financing decisions of listed Vietnamese companies. I will use panel regression approach to analyse data collected from listed companies on Vietnam's stock exchanges from 2008 to 2016. The regression results will show the effects of business characteristics (e.g, size, age, profitability, tangibility), corporate governance quality and family ownership on corporate financing decisions. My research has significance to researchers, practitioners and the Government

Publication Date

2017

School

School of Business & Law

Disciplines

Corporate Finance | Entrepreneurial and Small Business Operations

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Originally published as

Tran, T. (2017). The effect of family ownership on financing decisions of listed Vietnamese companies. Poster presented at ECU Research Week, 19th September. School of Business and Law, Edith Cowan University

The effect of family ownership on financing decisions of listed Vietnamese companies

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