THE IMPACT OF CAPITAL STRUCTURE ON FINANCIAL PERFORMANCE OF LOGISTIC SERVICE PROVIDERS LISTED ON HO CHI MINH CITY STOCK EXCHANGE

Abstract

The research objective of this article is to determine the impact of capital structure on profitability (represented by ROA and ROE indicators) of 30 logistics enterprises listed on Ho Chi Minh City Stock Exchange (HOSE) in the period of 2012-2019. Applying the quantitative method (with models of Pool OLS, FEM, REM and FGLS), the research results have proven that capital structure has a negative impact on profitability represented by ROA of firms. For the case of profitability represented by ROE, the study has not found statistical evidence to support the impact of capital structure of logistics enterprises in this period