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Determinants of capital structure: Empirical evidence from Vietnamese listed construction companies

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This paper employs a new database containing the market and accounting data (from 2007 to 2013) of more than 100 Vietnamese listed construction companies to describe their capital structure characteristics. As a result, we found that business risk, tangibility and growth also considerably impact on debt-to-capital ratio while size and tax are insignificantly associated with the capital structure of Vietnamese construction firms. | Determinants of capital structure: Empirical evidence from Vietnamese listed construction companies

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