Operational scales, sources of finance, and firms’ performance: evidence from Vietnamese longitudinal data

Abstract

Abstract: This study investigates a longitudinal dataset consisting of financial and operational data from 37 listed companies listed on Vietnamese stock market, covering the period 2004-13. By performing three main types of regression analysis-pooled OLS, fixed- effect and random-effect regressions-the investigation finds mixed results on the relationships between operational scales, sources of finance and firms' performance, depending on the choice of analytical model and use of independent/dependent variables ...