Evaluate the factors impact on listed firms’ probability in Hochiminh Stock Exchange

Abstract

The research examines factors which can impact on the profitability of companies listed on the Ho Chi Minh Stock Exchange. We consider panel data of 370 companies currently listed on the Ho Chi Minh Stock Exchange from 2010 to 2020, together with the regression method of random effects model (REM)
and fixed effects model (FEM). The results depict a positive impact of business size, revenue growth and negative impact of financial leverage, fixed asset structure on firm’s probability. External factors including GDP growth, inflation and bank lending rates all have a positive impact on profitability. Accordingly, we provide some recommendations to improve the profitability of listed companies.