International Journal of

ADVANCED AND APPLIED SCIENCES

EISSN: 2313-3724, Print ISSN: 2313-626X

Frequency: 12
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 Volume 10, Issue 3 (March 2023), Pages: 75-81

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 Original Research Paper

 Factors affecting financial risks: Evidence from steel enterprises listed on Vietnam's stock market

 Author(s): 

 Thi Hoai Thu Ho 1, Thi Thu Ha Pham 2, *, Trong Than Nguyen 3, Quynh Nhu Nguyen 1

 Affiliation(s):

 1Faculty of Economics, Academy of Finance, Hanoi, Vietnam
 2Faculty of Taxation and Customs, Academy of Finance, Hanoi, Vietnam
 3Faculty of Postgraduate Education, Academy of Finance, Hanoi, Vietnam

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 * Corresponding Author. 

  Corresponding author's ORCID profile: https://orcid.org/0000-0001-6371-3268

 Digital Object Identifier: 

 https://doi.org/10.21833/ijaas.2023.03.010

 Abstract:

The purpose of this article is to analyze and determine the influence of factors on the financial risks of enterprises in the steel industry listed on Vietnam's stock market. The data of the article are collected and calculated from the financial statements of 26 steel companies listed on the Vietnamese stock market from 2013 to 2020. With the application of E-view software in quantitative analysis to build a panel data regression model, the article has built a regression model to determine the relationship of internal factors affecting the financial risks of steel industry enterprises listed on the Vietnamese stock market. The results indicate that short-term payment ratio, return on assets, asset turnover ratio, working capital turnover, receivables turnover, debt maturity structure, and the ratio of long-term assets have a negative effect on financial risks, while debt ratio has a positive effect on financial risks of steel companies listed on Vietnam’s stock market. The findings of this article are considered to be useful for business managers in helping them to make the right financial decisions to control risks and increase corporate value in their condition.

 © 2022 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

 Keywords: Financial risks, Steel companies, Short-term payment ratio, Operating performance, Debt ratio

 Article History: Received 14 September 2022, Received in revised form 6 December 2022, Accepted 6 December 2022

 Acknowledgment 

No Acknowledgment.

 Compliance with ethical standards

 Conflict of interest: The author(s) declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article.

 Citation:

 Ho THT, Pham TTH, Nguyen TTN, and Nguyen QN (2023). Factors affecting financial risks: Evidence from steel enterprises listed on Vietnam's stock market. International Journal of Advanced and Applied Sciences, 10(3): 75-81

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 Tables

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