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

IF 1.6 Q3 BUSINESS

Journal of Eastern European and Central Asian Research Pub Date : 2022-01-01 DOI:10.15549/jeecar.v9i3.849

N. H. Minh, L. H. Vinh

引用次数: 1

Abstract

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.

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新冠肺炎疫情对越南非金融上市公司风险承担行为的影响——以现金持有量为调节变量

自2020年以来，越南一直面临着长期的新冠肺炎疫情，这对企业活动产生了负面影响。本研究旨在研究COVID-19疫情如何影响越南公司的冒险行为，并调查这种关系与现金持有量的调节作用。我们使用了2018年第1季度至2021年第2季度期间越南非金融上市公司的研究数据。根据广义矩量法，该研究得出结论，新冠肺炎大流行时期与企业冒险行为呈负相关。此外，在新冠肺炎大流行期间，现金持有量较多的企业的冒险行为水平明显上升。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Eastern European and Central Asian Research Economics, Econometrics and Finance-Economics and Econometrics

CiteScore

2.50

自引率

43.80%

发文量

审稿时长

8 weeks

期刊介绍： Journal of Eastern European and Central Asian Research (JEECAR) is a multi-disciplinary journal related to the Eurasia regional economics, finance, management, marketing, international affairs, and other business-related disciplines. By Eastern Europe and Central Asia, the IEECA refers to Russia, Ukraine, Belarus, Moldova, Armenia, Azerbaijan, Estonia, Latvia, Lithuania, Poland, Slovakia, Hungary, Serbia, Montenegro, Bosnia and Herzegovina, Albania, Kosovo, Macedonia, and five post-Soviet Central Asian states: Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. The JEECAR Journal is committed to the editorial principles of all aspects of publication ethics and publication malpractice as assigned by the Committee on Public Ethics. Any paper submitted to the journal must be original, previously unpublished, and currently not under consideration for publication elsewhere. All articles in the printed version of the journal are peer-reviewed. The review process is a double-blind process. Neither the authors nor the reviewers know who wrote or reviewed the article. Per standard practice, only the Editor assigned to handle a paper knows the identity of the authors and the reviewers.