Проводиться набір статей у черговий осінній Випуск 2(17) журналу!

Ukrainian (UA)English (United Kingdom)

Вхід / реєстрація



Опитування

Звідки Ви дізналися про наш сайт ?
 

The risk level of Viet Nam human resource and medical equipment industry under financial leverage during and after the global crisis 2009-2011

Назва: 

(Title)

The risk level of Viet Nam human resource and medical equipment industry under financial leverage during and after the global crisis 2009-2011

Автори:

(Authors) 

Dinh Tran Ngoc Huy

Приналежність:

(Affiliation) 

Banking University HCMC Viet Nam – GSIM, International University of Japan, Japan, PhD candidate, MBA, e-mail: dtnhuy2010@gmail.com

Бібліографічний опис: 

(Bibliographic description)

Huy Dinh Tran Ngoc. The risk level of Viet Nam human resource and medical equipment industry under financial leverage during and after the global crisis 2009-2011 [Електронний ресурс] / Dinh Tran Ngoc Huy // Соціально-економічні проблеми і держава. — 2015. — Вип. 2 (13). — С. 50-58. — Режим доступу до журн.: http://sepd.tntu.edu.ua/images/stories/pdf/2015/15hnttgc.pdf.

Bibliographic description: 

Huy, Dinh Tran Ngoc (2015). The risk level of Viet Nam human resource and medical equipment industry under financial leverage during and after the global crisis 2009-2011. Socio-Economic Problems and the State [online]. 13 (2), p. 50-58. [Accessed November 30, 2015]. Available from: <http://sepd.tntu.edu.ua/images/stories/pdf/2015/15hnttgc.pdf>

Дата публікації:

(Date of publication) 

24-лис-2015

Видавець: 

(Editor)

АСУ, ТНТУ
ASU, TNTU

УДК: 

(UDC)

331.923
341.241

JEL: 

G010
G100
G390

Ключові слова:

(Key words) 

equity beta
financial structure
financial crisis
risk
external financing
HR industry

Серія/номер:

(Series/Number)

Випуск 2 (13);

Короткий огляд (реферат):

(Short preview) 

This paperwork evaluates the impacts of external financing on market risk for the listed firms in the Viet nam HR and medical equipment industry, esp. during and after the financial crisis 2009-2011. First of all, by using quantitative and analytical methods to estimate asset and equity beta of total 6 listed companies in Viet Nam HR and medical equipment industry with a proper traditional model, we found out that the beta values, in general, for many institutions are acceptable. Second, under 3 different scenarios of changing leverage (in 2011 financial reports, 30% up and 20% down), we recognized that the risk level, measured by equity and asset beta mean, decreases when leverage increases to 30% but increases more if leverage decreases down to 20%. Third, by changing leverage in 3 scenarios, we recognized the dispersion of risk level, measured by equity beta var, decreases from 0,404 to 0,387 if the leverage increases to 30% whereas decreases to 0,388 if leverage decreases to 20%. But the dispersion measured by asset beta var decreases to 0,138 (leverage down 20%), showing leverage impact. Finally, this paper provides some outcomes that could provide companies and government more evidence in establishing their policies in governance.

URL (Уніфікований ідентифікатор ресурсу): 

http://elartu.tntu.edu.ua/handle/123456789/6277

ISSN: 

2223-3822

References: 

Alcock J, Baum A, Colley N, Steiner E, The Role of Financial Leverage in the Performance of Private Equity Real Estate Funds, SSRN Working Paper, 2013.
Bijlsma MJ, Boone J, Zwart G, Competition for Traders and Risk, CEPR Discussion Paper No.DP8816, 2012.
Chen RR, Chidambaran NK, Imerman MB, Sopranzetti BJ, Liquidity, Leverage, and Lehman: A Structural Analysis of Financial Institutions in Crisis, Fordham School of Business Research Paper No.2279686, 2013.
Dimitrov V, Jain PC, The Value Relevance of Changes in Financial Leverage, SSRN Working Paper, 2006.
Eugene FF, French KR, The Capital Asset Pricing Model: Theory and Evidence, Journal of Economic Perspectives, 2004.
Flifel, Kaouther, Financial Markets between Efficiency and Persistence : Empirical Evidence on Daily Data, Asian Journal of Finance and Accounting, Vol.4, No.2, pp.379-400, 2012.
Gabrijelcic M, Herman U, and Lenarcic A, Debt Financing and Firm Performance Before and During the Crisis: Micro-Financial Evidence from Slovenia, SSRN Working Paper, 2013.
Gunaratha V, The Degree of Financial Leverage as a Determinant of Financial Risk: An Empirical Study of Colombo Stock Exchange in Sri Lanka, 2nd International Conference on Management and Economics Paper, 2013.
Huy DTN, Estimating Beta of Viet Nam Listed Public Utilities, Natural Gas and Oil Company Groups During and After The Financial Crisis 2007-2011. Economic and Business Review. (15)1 : 57-71, 2013.
Maia MV, Cash-Flow Risks, Financial Leverage and the Cross Section of Equity Returns, SSRN Working Paper, 2010.
Mamun MAA, Performance Evaluation of Prime Bank Limited in Terms of Capital Adequacy, Global Journal of Management and Business Research. (13)9: 26-29, 2013.
Ovat OO, Liquidity Constraints and Entrepreneurial Financing in Nigeria: The Fate of Fresh Graduate Entrepreneurs, Global Journal of Management and Business Research, (13)9 : 49-57, 2013.
Umar, Profits, Financial Leverage and Corporate Governance, SSRN Working Paper, 2011.

Розташовується у зібраннях:(Is situated in collections)

Журнал „Соціально-економічні проблеми і держава“, 2015, Випуск 2(13)

pdf

 

 

Журнал індексується в:

infobase

oaji

Поточний запис у каталозі ULRICHS

index_copernicus

ICV 2015: 71.88 

harvardlibrary

elibrary_logo

world_cat

duke

british_library

alberta

uic

moris_library

standford

illinois

macewan

researchbib

citefactor

denmark

poland

globalimpactfactor
sis-logo

У перспективі:


Інші корисні посилання:
pbn
Пошук у EBSCO
 

Google translate

Ukrainian English French German Polish Russian