The relation between investment and cash flow: Evidence from Vietnam’s listed companies
The paper refers to the relation between investment and cash flow in Vietnam –a small transitional economy. We have conducted an unbalanced panel data of 3,366 observations from listed companies in Vietnam’ s stock exchanges and we find a U -shaped relation between investment and cash flo...
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TẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINH
2020-08-01
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Series: | Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh |
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Online Access: | https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/619 |
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doaj-3774590f5e8c465bb197958a1bdda0052021-09-13T08:55:01ZvieTẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINHTạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh2734-93062734-95782020-08-01123189203503The relation between investment and cash flow: Evidence from Vietnam’s listed companiesTừ Thị Kim Thoa0Nguyễn Thị Uyên Uyên1Trường Đại học Kinh Tế Thành phố Hồ Chí MinhTrường Đại học Kinh Tế Thành phố Hồ Chí MinhThe paper refers to the relation between investment and cash flow in Vietnam –a small transitional economy. We have conducted an unbalanced panel data of 3,366 observations from listed companies in Vietnam’ s stock exchanges and we find a U -shaped relation between investment and cash flow by GLS method. The relation is applied to state –controlled enterprises and state-uncontrolled enterprises. However, the relation is not appropriate to companies that have high potential of growth but it exists in companies that have low potential of growth. It is suggested that companies with low potential of growth have the source of investment mainly from their internal cash flows.https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/619đầu tư của doanh nghiệpdòng tiềnnhà nước kiểm soáttiềm năng tăng trưởngviệt nam |
collection |
DOAJ |
language |
Vietnamese |
format |
Article |
sources |
DOAJ |
author |
Từ Thị Kim Thoa Nguyễn Thị Uyên Uyên |
spellingShingle |
Từ Thị Kim Thoa Nguyễn Thị Uyên Uyên The relation between investment and cash flow: Evidence from Vietnam’s listed companies Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh đầu tư của doanh nghiệp dòng tiền nhà nước kiểm soát tiềm năng tăng trưởng việt nam |
author_facet |
Từ Thị Kim Thoa Nguyễn Thị Uyên Uyên |
author_sort |
Từ Thị Kim Thoa |
title |
The relation between investment and cash flow: Evidence from Vietnam’s listed companies |
title_short |
The relation between investment and cash flow: Evidence from Vietnam’s listed companies |
title_full |
The relation between investment and cash flow: Evidence from Vietnam’s listed companies |
title_fullStr |
The relation between investment and cash flow: Evidence from Vietnam’s listed companies |
title_full_unstemmed |
The relation between investment and cash flow: Evidence from Vietnam’s listed companies |
title_sort |
relation between investment and cash flow: evidence from vietnam’s listed companies |
publisher |
TẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINH |
series |
Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh |
issn |
2734-9306 2734-9578 |
publishDate |
2020-08-01 |
description |
The paper refers to the relation between investment and cash flow in Vietnam –a small transitional economy. We have conducted an unbalanced panel data of 3,366 observations from listed companies in Vietnam’ s stock exchanges and we find a U -shaped relation between investment and cash flow by GLS method. The relation is applied to state –controlled enterprises and state-uncontrolled enterprises. However, the relation is not appropriate to companies that have high potential of growth but it exists in companies that have low potential of growth. It is suggested that companies with low potential of growth have the source of investment mainly from their internal cash flows. |
topic |
đầu tư của doanh nghiệp dòng tiền nhà nước kiểm soát tiềm năng tăng trưởng việt nam |
url |
https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/619 |
work_keys_str_mv |
AT tuthikimthoa therelationbetweeninvestmentandcashflowevidencefromvietnamslistedcompanies AT nguyenthiuyenuyen therelationbetweeninvestmentandcashflowevidencefromvietnamslistedcompanies AT tuthikimthoa relationbetweeninvestmentandcashflowevidencefromvietnamslistedcompanies AT nguyenthiuyenuyen relationbetweeninvestmentandcashflowevidencefromvietnamslistedcompanies |
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