The impact of microeconomic factors on the abnormal return of listed stocks in Vietnam

• Main Authors: Van Vu Thi Thuy, Thuy Do Thu, Thuy Le Thu, Ha Hoang Thi Viet
• Format: Article
• Language: English
• Published: Growing Science 2019-06-01
• Series: Management Science Letters
• Subjects: Micro factor; Abnormal return; Listed stock
• Online Access: http://www.growingscience.com/msl/Vol9/msl_2019_153.pdf
• ISSN: 1923-9335; 1923-9343

The paper examined the impact of microeconomic factors on the abnormal return of listed stocks on the Vietnam stock market. The research team performed regression analysis based on the data collected from 149 companies listed on Ho Chi Minh City Stock Exchange between 2012 and 2017. The research results show that the variables of profitability, capital structure and the growth rate all had positive impacts on the abnormal return of listed companies. Meanwhile, the size of enterprises was proven to have the reverse impact on the abnormal return.