The risk of bankruptcy is affected by many different factors. Therefore, identifying the groups of factors affecting bankruptcy risks, especially financial performance factors, are important and necessary. The study focused on the impact of financial performance on the bankruptcy risk of real estate companies listed on Vietnam’s stock exchange. Research data were collected from 44 real estate companies listed on Vietnam’s stock exchange from 2011 to 2017 with 308 observations. The study was conducted by the quantitative method based on the logistic regression model with the help of SPSS 25 specialized software. The research results show that Return on Assets (ROA), Return on Equity (ROE) and Total Asset Turnover (TAT) have significant reverse effects on bankruptcy risk, while Operating Profit Margin (OPM) is not a relevant factor. The accuracy rate of the overall predictive model is 90.9%. This study extends the scope of literature on the impact of financial performance on the bankruptcy risk of real estate companies. Moreover, this study offers the model of bankruptcy risk prediction of the listed real estate companies in Vietnam and recommends effective solutions to improve business efficiency, limit and prevent financial risks for listed real estate companies in Vietnam.

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.