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

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 res...

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Bibliographic Details
Published inManagement science letters Vol. 9; no. 11; pp. 1863 - 1874
Main Authors Thuy, Van Vu Thi, Thu, Thuy Do, Thu, Thuy Le, Viet, Ha Hoang Thi
Format Journal Article
LanguageEnglish
Published Growing Science 2019
Subjects
Abnormal return
Listed stock
Micro factor
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Summary: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.
ISSN:1923-9335
1923-9343
DOI:10.5267/j.msl.2019.6.006