| dc.description.abstract | The goal of this research is to investigate the influence of leverage on investment in the context of Vietnamese listed manufacturing firms on Ho Chi Minh Stock Exchange over the period of six years from 2009 to 2014. The recorded results pointed out that leverage impact negatively on investment of manufacturing firms in this period. Additionally, the conclusion emerged from this research also suggested that in firm with fewer opportunities to grow, the predicted negative influence of leverage on investment is more powerful than that in high growth firm. Finally, the results have revealed the fact that the negative effect of leverage on investment of manufacturing enteprises owned by State is weakened.
Key words: leverage, firm investment, state-owned enterprises, soft budget constraint, investment opportunities. | en_US |
