Research on factors affecting to capital structure of tourism enterprises: Evidence in Vietnam

Abstract

The study aims to identify and analyze the influence of internal factors on the capital structure of tourism enterprises. Research data are collected using a sample size of 25 tourism businesses from 2017 to 2021. With the E-view software application in quantitative analysis to construct a table data regression model, the study has designed a regression model to determine the relationship and level of impact of factors which affect the capital structure of tourism businesses. The research results show that the variables: profitability; liquidity; asset structure; growth opportunities have a negative effect, while firm size has a positive influence on capital structure of tourism enterprises.

Keywords: capital structure; influential factors; tourism enterprises

DOI: 10.7176/EJBM/14-12-08

Publication date:June 30^th 2022