Title:
FACTORS AFFECTING CAPITAL STRUCTURE OF FISHERY ENTERPRISES LISTED ON THE HO CHI MINH STOCK EXCHANGE

Authors:
Tran Thi KieuTrang,DinhThi Thu Huong, Tran Kieu Nga and Pham Thi PhiOanh ,Vietnam

Abstract:
The results of this study attempt to identify factors affecting the capital structure of fishery enterprises listed on the Ho Chi Minh Stock Exchange (HOSE) has been established and the parameters are estimated based on table data of 11 seafood enterprises listed on HOSE in the period 2009 - 2018, give the following conclusion: The results of FEM regression analysis show that the factors affecting the capital structure of fishery enterprises listed on HOSE in the period of 2009 - 2018 include profitability (beta = - 0,456; beta = -0,506), firm size (beta = 0,033; beta = 0,043), billion The value of tangible fixed assets (beta = -0,307), taxes (beta = 0,097) and liquidity of enterprises (beta = -0,006) with high statistical significance. In particular, firm size is positively correlated with debt ratio and shortterm debt ratio; profitability is negatively correlated with the ratio of debt and the ratio of shortterm debt; The ratio of tangible fixed assets is negatively correlated with the ratio of short-term debt; Liquidity has a negative correlation with the debt ratio and corporate tax rates are positively correlated with the ratio of long-term debt