Factors affecting financial capacity
DOI:
https://doi.org/10.56294/sctconf2024.1194Keywords:
Securities company, operational efficiency, financial capacityAbstract
Abstract structured in: This article studies the factors affecting the financial capacity of Vietnamese securities companies.
Introduction: Securities companies are a component that makes up the stock market. The birth and development of securities companies is associated with the formation and development of the stock market.
Methods: The research data set includes audited financial reports (and financial safety) of Vietnamese securities companies (operating on the HNX, HoSE and Upcom exchanges) in the period from 2014 to 2021. The article uses the PROBIT binary model to analyze regression factors affecting the financial capacity of Vietnamese securities companies in the system, because the dependent variable is a binary variable, the independent variables will be quantitative. Measure the probability of impact of independent variables that change financial capacity from weak to strong.
Results: The article has determined that the financial capacity of Vietnamese securities companies is governed by 6 factors belonging to the securities companies themselves (and 2 control variables and macro variables). All of the above factors have a positive or negative impact on the financial capacity of Vietnamese securities companies.
Conclusions: Based on the research results, the author of the article offers some discussions and assessments on improving the financial capacity of Vietnamese securities companies in the coming time, in addition to recommending financial solutions aimed at improving financial capacity of Vietnamese securities companies in the coming time. high financial capacity for securities companies
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