The impact of microeconomic factors on the abnormal return of listed stocks in Vietnam

• Published in: Management science letters Vol. 9; no. 11; pp. 1863 - 1874
• Main Authors: Thuy, Van Vu Thi, Thu, Thuy Do, Thu, Thuy Le, Viet, Ha Hoang Thi
• Format: Journal Article
• Language: English
• Published: Growing Science 2019
• Subjects: Abnormal return; Listed stock; Micro factor
• ISSN: 1923-9335; 1923-9343
• DOI: 10.5267/j.msl.2019.6.006

The paper examined the impact of microeconomic factors on the abnormal return of listed stocks on the Vietnam stock market. The research team performed regression analysis based on the data collected from 149 companies listed on Ho Chi Minh City Stock Exchange between 2012 and 2017. The research results show that the variables of profitability, capital structure and the growth rate all had positive impacts on the abnormal return of listed companies. Meanwhile, the size of enterprises was proven to have the reverse impact on the abnormal return.