This article studies the effect of growth, firm size, capital structure, and profitability on enterprise value (EV) in Vietnam. The study used a panel of 1.070 observations at 214 companies listed on the Vietnamese stock market for the period of 2012–2016. According to regression results by generalized least squares and structural pathways analysis, the results detected size and profitability are positively correlated with the enterprise value, while capital structure is a factor that negatively affects the enterprise value. On the other hand, growth factor does not have any impact on enterprise value. However, when measuring enterprise value under EV or Tobin's Q, the statistical results are not entirely consistent. In addition, the results of the study have also shown that the measurement of EV on enterprise value will be more appropriate. The results of empirical research are useful to help businesses improve their values. © 2019 Wiley Periodicals, Inc.

The paper examines the impact of dividend policy on corporate value. Data collection is the result of listed companies on the Vietnamese stock market in the period of 2006-2017 with 2,278 observations. Using the general least square (GLS) approach, the authors have identified three factors that have a positive and significant impact on corporate value: dividend payout, profitability, and corporate sizes; and one factor that has a negative impact on corporate value is the degree of financial leverage. The study found that dividend policy has a significant impact on the corporate value of companies that implement a higher dividend payout policy. Conversely, firms that do not pay dividends or pay low dividends do not experience a significant impact of dividend policy on corporate value. The results of the study will be meaningful for businesses on dividend policy implementation.

The research objective of the paper is to clarify the factors influencing system risks of listed companies in Vietnam, with a focus on clarifying the relationship and quantifying the impacts of ownership structure on systemic risk of listed companies. The data used in this study included financial statements and stock price data of listed companies on the Ho Chi Minh City Stock Exchange and Hanoi Stock Exchange of Vietnam stock market in the period from 2010 to 2017. The paper used the method of estimation in establising the regression models to choose among three models: Random Effect Model, Fixed Effect Model or Pooled OLS for regression using Stata statistical software. The research results showed that state ownership and ownership by foreign investors were positively related to systemic risk, while ownership by domestic investors had a reverse relationship with systemic risk of listed companies in Vietnam. In addition, as a control variable, both company size and profitability had an effect on the systemic risk of listed companies in the research sample. Based on the research results, the authors interpreted some of the implications in order to minimize systemic risks in the operation of listed companies in Vietnam.

The paper examines the influence of business characteristics on earnings persistence in Vietnam because earnings persistence is also one of the earnings quality assessment factors that attract the attention of investors and financial analysts. The study used regression methods of OLS, REM, FEM, and GLS, and research data at enterprises listed on the stock market in Vietnam from 2010 to 2018, with 3 677 observations. The results have identified factors such as firm size, revenue growth rate, accruals and dividend policy that positively affect earnings persistence while the financial structure has the opposite effect on the persistence of earnings. Besides, the liquidity only has an unclear influence on the persistence of earnings. The results of this study help businesses identify, improve earnings persistence and transparency of financial statements, accurately reflect business reality, and build the trust of shareholders.

The paper examines the impact of capital structure on the liquidity of listed shares on the Ho Chi Minh City Stock Exchange, which includes 1078 observations during the period of 2011 – 2017. In addition to the capital structure, the study also looked at the impact of controlled variables including profitability (ROS), corporate value (Tobin’s Q) and size of the business (SIZE) on the liquidity of listed shares. The results show that the capital structure has inherently inverse relationship, while the controlled variables in the model have a positive relationship with stocks’ liquidity.