IMPACT OF THE COVID-19 PANDEMIC ON THE RISK-TAKING BEHAVIOR OF NON-FINANCIAL FIRMS LISTED IN VIETNAM WITH CASH HOLDINGS AS A MODERATING VARIABLE

被引：6
|
作者：
Minh, Nguyen Hoang [1 ,2 ]
Vinh, Le Hoang [1 ,2 ]
机构：
[1] Univ Econ & Law, Ho Chi Minh City, Vietnam
[2] Vietnam Natl Univ, Ho Chi Minh City, Vietnam
来源：
JOURNAL OF EASTERN EUROPEAN AND CENTRAL ASIAN RESEARCH | 2022年 / 9卷 / 03期
关键词：
COVID-19; risk-taking behavior; non-financial firms; CORPORATE GOVERNANCE; STATE OWNERSHIP; UNCERTAINTY; INVESTMENT; DECISIONS;
D O I：
10.15549/jeecar.v9i3.849
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Vietnam has faced the long-lasting COVID-19 outbreak, which has imposed a negative impact on corporate activities, since 2020. This study aims to examine how the COVID-19 outbreak has influenced the risk-taking behavior of companies in Vietnam, investigating this relationship with the moderating role of cash holdings. We used the research data of non-financial listed firms in Vietnam during the period from quarter 1 2018 to quarter 2 2021. According to the Generalized Method of Moments approach, the study concludes that the COVID-19 pandemic period is negatively associated with corporate risk-taking behavior. In addition, there is a significant increase in the level of risk-taking behavior during the COVID-19 pandemic period by enterprises that have more cash holdings.
引用
收藏
页码：462 / 470
页数：9
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