FACTORS AFFECTING BUSINESS PERFORMANCE OF ENTERPRISES: A STUDY BASED ON VIETNAM LISTED CONSTRUCTION ENTERPRISES’S DATA

Abstract

Business performance is a fundamental and important factor for enterprises,
especially in the stage of economic hardship and fierce competition in Vietnam
now. This study researches factors affecting the business performance of the
enterprises. Data were collected from 154 construction companies listed on
Vietnam stock market from 2012-2016, with 770 observations. Business
performance is measured by ROA. The independent variables include SIZE, CS,
CR, inventories turnover (IT), RT, AT, ROS and AGE. This study uses Eview 9 for
data analysis. The result shows that CS impacts negatively on ROA while AGE, RT,
AT, CR, CS, ROS have positive influence on the ROA.