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Thanh Nha NGUYEN 한국유통과학회 2022 The Journal of Asian Finance, Economics and Busine Vol.9 No.5
The debt maturity structure has a significant impact on a company’s financial situation. Any debt maturity structure decisions substantially impact investment decisions due to changes in capital cost and dividend decisions due to cash flow consequences. This study used the system generalized method of moment (Sys-GMM) to investigate the debt maturity structure of real estate companies listed on the Ho Chi Minh Stock Exchange (HOSE) in the duration from 2008 to 20019. It found that the firm size, liquidity, and tangible assets affected the decision on debt maturity structure. The tangible asset had the most significant impact on the possibility for companies to access long-term loans. This finding revealed that the majority of the real estate companies listed on HOSE borrowed money from banks. Such decisions are most likely affected by the collateral. Another finding of the study is that financial institutions had a major impact on loan maturity structure, whereas the effects of the financial market were negligible. Besides, the real estate companies listed on HOSE seemed not to pay attention to changes in inflation, economic growth, and institutional qualities when deciding on the debt maturity structure.
The Determinants of Dynamic Debt Maturity Structure: Evidence from Vietnam
Nguyen,Thanh Nha,Tran,Thi Thuy Linh 한국유통과학회 2019 KODISA ICBE (International Conference on Business Vol.2019 No.-
Based on the signaling, matching, agency and tax-based theories, this paper presents a study where the partial adjustment model was applied to investigate influences of firm and macroeconomic factors on the debt maturity structure. The outcomes were then used in a case study to assess the rate of adjusting the debt maturity structure of 279 non-financial companies listed on the Ho Chi Minh Stock Exchange (HOSE) in the period from 2007 to 2015. Results obtained from the System GMM (SGMM) method showed that (1) firms in Vietnam have the dynamic debt maturity structure with the adjustment rate of 25% to 36%, (2) the debt maturity structure of firms in Vietnam is affected by firm factors including SIZE, VOL, LIQ, TAN, AM and TAX and characteristics of the economy such as inflation and interest rates.
Van Hoa Nguyen,Thi Mai Phung Bui,Thanh Phong Le,Hoang Tung Nguyen,Minh Tuyen Truong,Minh Nhut Do,Van Nha Duong 인간식물환경학회 2022 인간식물환경학회지 Vol.25 No.6
Background and objective: For countries vulnerable to climate change as Vietnam, indigenous knowledge (IK) might assist in revealing the values of local people's adaptations to environmental stresses and potentially support decision-making. Despite IK can provide the adaptive capacity of local people's activities within environmental contexts, but it is rapidly vanishing. This study aimed to describe the documentation of IK associated with climate change adaptation of farmers in the Vietnam Mekong Delta (VMD). Methods: We focused on collecting and establishing online access to IK documents through collaboration between IK holders, public sector, collecting institutions, and researchers in the five agro-ecological zones of the VMD. An online IK database for storing IK documents has been designed and implemented based on the web application schema. Results: Through interviews, we gathered IK from farming practices that are well-adapted to climate risks such as floods, droughts, and saltwater intrusions as well as traditional knowledge being used to forecast weather, flood, and saltwater intrusion. The database for storing IK documents has been successfully deployed using free and open-source software. The database currently contains more than 260 IK documents, with their location on agro-ecological zones displayed on a web-based map. Conclusion: We have captured and provided an online access to IK on climate change adaptation of the farmers in the VMD. This research is expected as an initial strategy for long-term sustainable development of the agriculture system in this region.