Research the affect factors’s the target capital structure of listed construction industry companies on Vietnam’s stock market

Abstract

This study analyzes the factors that influence the target capital structure of listed companies in Vietnam construction
industry from 2005 to 2015. Results showed that experimental studies, the factors that affect the capital structure
objectives include: size (SIZE), non-debt tax benefit (NDTS), Profitability of the business (PRFT) and liquidity
(LIQ). Opposite, these factors do not affect the target capital structure consists of tangible fixed assets (TANG),
the actual tax rate (TAX), Growth Opportunities (GROWTH), Risk (RISK), Percentage payout ie (DIV) and the
specific characteristics of the business assets (UNIQ). Empirical findings are important evidence to the corporate
governance decision making in financial management of your business