THE IMPACT OF MARKET TIMING ON CAPITAL STRUCTURE: EVIDENCE FROM VIETNAM CONSTRUCTION
The purpose of this study is to test how equity market timing affects capital structure from the Initial Public Offering (IPO) perspective. Using Ordinary Least Square (OLS) technique to analyze a data-set of 102 Vietnamese enterprises in the construction industry for the period from 2006 to 2014, w...
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| Format: | Article |
| Language: | English |
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Dalat University
2017-03-01
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| Series: | Tạp chí Khoa học Đại học Đà Lạt |
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| Online Access: | http://tckh.dlu.edu.vn/index.php/tckhdhdl/article/view/149 |
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| author | Nguyễn Hữu Thao |
| author_facet | Nguyễn Hữu Thao |
| author_sort | Nguyễn Hữu Thao |
| collection | DOAJ |
| description | The purpose of this study is to test how equity market timing affects capital structure from the Initial Public Offering (IPO) perspective. Using Ordinary Least Square (OLS) technique to analyze a data-set of 102 Vietnamese enterprises in the construction industry for the period from 2006 to 2014, we conclude that, in the short-term, the impact of equity market timing on capital structure is relatively low. Whereas, in the long-term, the impact of equity market timing on capital structure is more obvious. |
| format | Article |
| id | doaj-art-220d7ba5301c42faab2c01d5c60407e9 |
| institution | Kabale University |
| issn | 0866-787X 0866-787X |
| language | English |
| publishDate | 2017-03-01 |
| publisher | Dalat University |
| record_format | Article |
| series | Tạp chí Khoa học Đại học Đà Lạt |
| spelling | doaj-art-220d7ba5301c42faab2c01d5c60407e92025-02-02T10:49:49ZengDalat UniversityTạp chí Khoa học Đại học Đà Lạt0866-787X0866-787X2017-03-0171557710.37569/DalatUniversity.7.1.149(2017)55THE IMPACT OF MARKET TIMING ON CAPITAL STRUCTURE: EVIDENCE FROM VIETNAM CONSTRUCTIONNguyễn Hữu Thao0The Faculty of Banking and Finance, Thuongmai UniversityThe purpose of this study is to test how equity market timing affects capital structure from the Initial Public Offering (IPO) perspective. Using Ordinary Least Square (OLS) technique to analyze a data-set of 102 Vietnamese enterprises in the construction industry for the period from 2006 to 2014, we conclude that, in the short-term, the impact of equity market timing on capital structure is relatively low. Whereas, in the long-term, the impact of equity market timing on capital structure is more obvious.http://tckh.dlu.edu.vn/index.php/tckhdhdl/article/view/149capital structureipomarket timingvietnam |
| spellingShingle | Nguyễn Hữu Thao THE IMPACT OF MARKET TIMING ON CAPITAL STRUCTURE: EVIDENCE FROM VIETNAM CONSTRUCTION Tạp chí Khoa học Đại học Đà Lạt capital structure ipo market timing vietnam |
| title | THE IMPACT OF MARKET TIMING ON CAPITAL STRUCTURE: EVIDENCE FROM VIETNAM CONSTRUCTION |
| title_full | THE IMPACT OF MARKET TIMING ON CAPITAL STRUCTURE: EVIDENCE FROM VIETNAM CONSTRUCTION |
| title_fullStr | THE IMPACT OF MARKET TIMING ON CAPITAL STRUCTURE: EVIDENCE FROM VIETNAM CONSTRUCTION |
| title_full_unstemmed | THE IMPACT OF MARKET TIMING ON CAPITAL STRUCTURE: EVIDENCE FROM VIETNAM CONSTRUCTION |
| title_short | THE IMPACT OF MARKET TIMING ON CAPITAL STRUCTURE: EVIDENCE FROM VIETNAM CONSTRUCTION |
| title_sort | impact of market timing on capital structure evidence from vietnam construction |
| topic | capital structure ipo market timing vietnam |
| url | http://tckh.dlu.edu.vn/index.php/tckhdhdl/article/view/149 |
| work_keys_str_mv | AT nguyenhuuthao theimpactofmarkettimingoncapitalstructureevidencefromvietnamconstruction AT nguyenhuuthao impactofmarkettimingoncapitalstructureevidencefromvietnamconstruction |