Journal of Economic Development
Vol. 24(2) , April 2017, Page 114-131

Determinants of capital structure of listed firms in Vietnam: A quantile regression approach
Nguyen Thi Canh & Nguyen Thanh Liem & Tran Hung Son

DOI: 10.24311/jabes/2017.24.2.07
This study empirically examines the link between firm characteristics and leverage using the data of Vietnamese non-financial listed firms from 2006 to 2015. In addition to traditional panel data methods, we employ a conditional quantile regression that unveils the behavior of regressors throughout the leverage distribution. The results confirm the non-linear relationship between firm characteristics and leverage at different levels of debt.

Leverage; Capital Structure; Quantile Regression; Vietnam.
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