The impact of financial reporting quality and short - term debt on investment efficiency of companies listed on Ho Chi Minh City stock exchange (HOSE)

This paper examines the role of financial reporting quality and debt maturity (short-term debt) on investment efficiency of 200 listed non-financial companies on HOSE in the period 2009-2015. Our results show that the increase of financial reporting quality and the use of short-term debt will improv...

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Main Authors:	Hoàng Thị Phương Anh, Vũ Minh Hà, Nguyễn Thị Thu Hồng
Format:	Article
Language:	Vietnamese
Published:	TẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINH 2020-06-01
Series:	Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh
Subjects:	chất lượng báo cáo tài chính đầu tư dưới mức đầu tư quá mức hiệu quả đầu tư kỳ hạn nợ
Online Access:	https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/529

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spelling	doaj-50a3008b1b5d4303ae23634f6daf44442021-09-13T08:54:59ZvieTẠP 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 doanh2734-93062734-95782020-06-01131668210.46223/HCMCOUJS.econ.vi.13.1.529.2018472The impact of financial reporting quality and short - term debt on investment efficiency of companies listed on Ho Chi Minh City stock exchange (HOSE)Hoàng Thị Phương Anh0Vũ Minh Hà1Nguyễn Thị Thu Hồng2Trường Đại học Kinh tế Thành phố Hồ Chí MinhTrường Đại học Kinh tế Thành phố Hồ Chí MinhTrường Đại học Kinh tế Thành phố Hồ Chí MinhThis paper examines the role of financial reporting quality and debt maturity (short-term debt) on investment efficiency of 200 listed non-financial companies on HOSE in the period 2009-2015. Our results show that the increase of financial reporting quality and the use of short-term debt will improve the company’s investment efficiency. In addition, we also find that there exists an alternative relationship between financial reporting quality and short-term debt in improving investment efficiency: the less (more) short-term debt company use, the higher (lower) impact of financial reporting on investment efficiency.https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/529chất lượng báo cáo tài chínhđầu tư dưới mứcđầu tư quá mứchiệu quả đầu tưkỳ hạn nợ
collection	DOAJ
language	Vietnamese
format	Article
sources	DOAJ
author	Hoàng Thị Phương Anh Vũ Minh Hà Nguyễn Thị Thu Hồng
spellingShingle	Hoàng Thị Phương Anh Vũ Minh Hà Nguyễn Thị Thu Hồng The impact of financial reporting quality and short - term debt on investment efficiency of companies listed on Ho Chi Minh City stock exchange (HOSE) Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh chất lượng báo cáo tài chính đầu tư dưới mức đầu tư quá mức hiệu quả đầu tư kỳ hạn nợ
author_facet	Hoàng Thị Phương Anh Vũ Minh Hà Nguyễn Thị Thu Hồng
author_sort	Hoàng Thị Phương Anh
title	The impact of financial reporting quality and short - term debt on investment efficiency of companies listed on Ho Chi Minh City stock exchange (HOSE)
title_short	The impact of financial reporting quality and short - term debt on investment efficiency of companies listed on Ho Chi Minh City stock exchange (HOSE)
title_full	The impact of financial reporting quality and short - term debt on investment efficiency of companies listed on Ho Chi Minh City stock exchange (HOSE)
title_fullStr	The impact of financial reporting quality and short - term debt on investment efficiency of companies listed on Ho Chi Minh City stock exchange (HOSE)
title_full_unstemmed	The impact of financial reporting quality and short - term debt on investment efficiency of companies listed on Ho Chi Minh City stock exchange (HOSE)
title_sort	impact of financial reporting quality and short - term debt on investment efficiency of companies listed on ho chi minh city stock exchange (hose)
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	2020-06-01
description	This paper examines the role of financial reporting quality and debt maturity (short-term debt) on investment efficiency of 200 listed non-financial companies on HOSE in the period 2009-2015. Our results show that the increase of financial reporting quality and the use of short-term debt will improve the company’s investment efficiency. In addition, we also find that there exists an alternative relationship between financial reporting quality and short-term debt in improving investment efficiency: the less (more) short-term debt company use, the higher (lower) impact of financial reporting on investment efficiency.
topic	chất lượng báo cáo tài chính đầu tư dưới mức đầu tư quá mức hiệu quả đầu tư kỳ hạn nợ
url	https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/529
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The impact of financial reporting quality and short - term debt on investment efficiency of companies listed on Ho Chi Minh City stock exchange (HOSE)

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