Download Full Text (1.2 MB)
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
School of Business & Law
Corporate Finance | Entrepreneurial and Small Business Operations
Tran, Trang, "The effect of family ownership on financing decisions of listed Vietnamese companies" (2017). ECU Posters.