Home > Archives > IJSRST15144 IJSRST-Library

Risk Level of Viet Nam Human Resource and Medical Equipment Industry Under Financial Leverage During and After The Global Crisis 2007-200

Authors(1) :-Dinh Tran Ngoc Huy

During the financial crisis 2007-2009 with certain impacts on the Viet Nam economy and especially, the stock exchange, there is un-diversifiable risk that influences the whole computer and electrical industries. Hence, the risk re-estimation for the listed firms in these industries becomes necessary.

First of all, by using quantitative and analytical methods to estimate asset and equity beta of four (4) groups of listed companies in Viet Nam electrical, software, hardware and telecommunication industries with a proper traditional estimating model, we found out that the beta values, in general, for most companies are acceptable, excluding just a few cases. There are 88% of listed firms with lower risk, among total 64 firms, whose beta values lower than (<) 1. Secondly, through comparison of beta values among three (3) above industries, we recognized there are still 13% of total listed firms in the above group companies with beta values higher than (>) 1and have stock returns moving more than the market benchmark.

Ultimately, this paper generates some results that could provides both internal and external investors, financial institutions, companies and government more evidence in establishing their policies in investments and in governance.

Dinh Tran Ngoc Huy
Equity Beta, Financial Structure, Financial Crisis, Risk, Asset Beta, Computer Industry
  1. Bessembinder, H., and Zhang, F. 2010. Firm Characteristics and Long run Stock Returns After Corporate Events. Journal of Financial Economics.   
  2. Chen, K.C.W., Chen, Z., and Wei, K.C.J. 2009. Legal Protection of Investors, Corporate Governance, and The Cost of Equity Capital. Journal of Corporate Finance.  ISSN NO: 0929-1199
  3. Chung, Y. Peter., Na, H.S., and Smith, R. 2013. How Important Is Capital Structure Policy to Firm Survival. Journal of Corporate Finance. 
  4. Eugene, Fama F., and French, Kenneth R. 2004. The Capital Asset Pricing Model: Theory and Evidence. Journal of Economic Perspectives.    
  5. Fernandez, Pablo. 2008. Levered and Unlevered Beta. SSRN Working paper series.
  6. Huy, Dinh T.N. 2012.  Estimating Beta of Viet Nam listed construction companies groups during the crisis. Journal of Integration and Development.  
  7. Kashyap, A.K., and Zingales, L. 2010. The 2007-8 Financial Crisis: Lessons from Corporate Finance. Journal of Financial Economics.         
  8. Kowalski, T., and Shachmurove, Y. 2011. The Financial Crisis: What Is There to Learn?. Global Finance Journal. ISSN NO: 
  9. Pereiro, L. E. 2010. The Beta Dilemma in Emerging Markets. Journal of Applied Corporate Finance.
  10. Shachmurove, Yochanan. 2011. A Historical Overview of Financial Crises in the United States. Global Finance Journal.
  11. Shahrokhi, Manuchehr. 2011. The Global Financial Crises of 2007-2010 and the Future of Capitalism. Global Finance Journal.   
Publication Details
  Published in : Volume 1 | Issue 4 | September-October 2015
  Date of Publication : 2015-10-25
License:  This work is licensed under a Creative Commons Attribution 4.0 International License.
Page(s) : 34-42
Manuscript Number : IJSRST15144
Publisher : Technoscience Academy
PRINT ISSN : 2395-6011
ONLINE ISSN : 2395-602X
Cite This Article :
Dinh Tran Ngoc Huy, "Risk Level of Viet Nam Human Resource and Medical Equipment Industry Under Financial Leverage During and After The Global Crisis 2007-200", International Journal of Scientific Research in Science and Technology(IJSRST), Print ISSN : 2395-6011, Online ISSN : 2395-602X, Volume 1, Issue 4, pp.34-42, September-October-2015
URL : http://ijsrst.com/IJSRST15144