The effect of international crude oil price volatility on the performance of listed firms in Vietnam
This study evaluates the effect of international crude oil price volatility on the performance of listed companies in Vietnam, using the System-Generalized Method of Moments (SGMM) estimation on a sample of 368 firms listed on HOSE and HNX from 2010 to 2022. The results show that crude Oil Price Vol...
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| Format: | Article |
| Language: | Vietnamese |
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TẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINH
2024-10-01
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| Series: | Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh |
| Subjects: | |
| Online Access: | https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/3572 |
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| _version_ | 1823861287958872064 |
|---|---|
| author | Vương Thị Hương Giang Trần Kim Khánh Băng Nguyễn Hữu Mạnh |
| author_facet | Vương Thị Hương Giang Trần Kim Khánh Băng Nguyễn Hữu Mạnh |
| author_sort | Vương Thị Hương Giang |
| collection | DOAJ |
| description | This study evaluates the effect of international crude oil price volatility on the performance of listed companies in Vietnam, using the System-Generalized Method of Moments (SGMM) estimation on a sample of 368 firms listed on HOSE and HNX from 2010 to 2022. The results show that crude Oil Price Volatility (OPV) negatively and significantly affects firm profitability. Additionally, OPV has a positive and significant effect on the operating costs to net revenue ratio of Vietnamese listed companiesVietnamese listed companies' operating costs to net revenue ratio. Overall, empirical results show that an increase in OPV impedes the performance of listed firms in Vietnam. The research also proposes policy implications to help listed firms stabilize their performance in the heightened volatile context of international crude oil prices. |
| format | Article |
| id | doaj-art-ca0b72f19d33413e9b89b5df0bbbf4b2 |
| institution | Kabale University |
| issn | 2734-9306 2734-9578 |
| language | Vietnamese |
| publishDate | 2024-10-01 |
| publisher | TẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINH |
| record_format | Article |
| series | Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh |
| spelling | doaj-art-ca0b72f19d33413e9b89b5df0bbbf4b22025-02-10T04:17:41ZvieTẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINHTạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh2734-93062734-95782024-10-0120131710.46223/HCMCOUJS.econ.vi.20.1.3572.20252248The effect of international crude oil price volatility on the performance of listed firms in VietnamVương Thị Hương Giang0Trần Kim Khánh Băng1Nguyễn Hữu Mạnh2Trường Đại học học Ngân hàng Thành phố Hồ Chí Minh, Thành phố Hồ Chí MinhTrường Đại học học Ngân hàng Thành phố Hồ Chí Minh, Thành phố Hồ Chí MinhTrường Đại học học Nha Trang, Nha TrangThis study evaluates the effect of international crude oil price volatility on the performance of listed companies in Vietnam, using the System-Generalized Method of Moments (SGMM) estimation on a sample of 368 firms listed on HOSE and HNX from 2010 to 2022. The results show that crude Oil Price Volatility (OPV) negatively and significantly affects firm profitability. Additionally, OPV has a positive and significant effect on the operating costs to net revenue ratio of Vietnamese listed companiesVietnamese listed companies' operating costs to net revenue ratio. Overall, empirical results show that an increase in OPV impedes the performance of listed firms in Vietnam. The research also proposes policy implications to help listed firms stabilize their performance in the heightened volatile context of international crude oil prices.https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/3572biến động giá dầu thôcông ty niêm yếthiệu quả hoạt độngsgmmviệt nam |
| spellingShingle | Vương Thị Hương Giang Trần Kim Khánh Băng Nguyễn Hữu Mạnh The effect of international crude oil price volatility on the performance of listed firms in Vietnam Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh biến động giá dầu thô công ty niêm yết hiệu quả hoạt động sgmm việt nam |
| title | The effect of international crude oil price volatility on the performance of listed firms in Vietnam |
| title_full | The effect of international crude oil price volatility on the performance of listed firms in Vietnam |
| title_fullStr | The effect of international crude oil price volatility on the performance of listed firms in Vietnam |
| title_full_unstemmed | The effect of international crude oil price volatility on the performance of listed firms in Vietnam |
| title_short | The effect of international crude oil price volatility on the performance of listed firms in Vietnam |
| title_sort | effect of international crude oil price volatility on the performance of listed firms in vietnam |
| topic | biến động giá dầu thô công ty niêm yết hiệu quả hoạt động sgmm việt nam |
| url | https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/3572 |
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