Empirical Studies on Corporate Capital Structure in Vietnam

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Exploring capital structure in Vietnam from 2008 to 2011, this book highlights the intriguing contrasts between local practices and established financial theories. It reveals that Vietnam's aggregate market-based leverage ratio stands at approximately 0.29, aligning closely with the historical average of 0.32 noted by Frank and Goyal (2007). The analysis delves into the unique business environment and management practices in Vietnam, providing valuable insights for understanding capital structure in emerging markets.