Determinants of Efficiency of Food and Beverage Companies: The Case of Vietnam in the Period of 2009 – 2018
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Asian Institute of Research, Journal Publication, Journal Academics, Education Journal, Asian Institute
Asian Institute of Research, Journal Publication, Journal Academics, Education Journal, Asian Institute

Journal of Social and Political

Sciences

ISSN 2615-3718 (Online)

ISSN 2621-5675 (Print)

asia insitute of research, journal of social and political sciences, jsp, aior, journal publication, humanities journal, social journa
asia insitute of research, journal of social and political sciences, jsp, aior, journal publication, humanities journal, social journa
asia insitute of research, journal of social and political sciences, jsp, aior, journal publication, humanities journal, social journa
asia insitute of research, journal of social and political sciences, jsp, aior, journal publication, humanities journal, social journa
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doi
open access

Published: 10 June 2019

Determinants of Efficiency of Food and Beverage Companies: The Case of Vietnam in the Period of 2009 – 2018

Do Hoai Linh, Vu Tuan Minh

National Economics University, Vietnam

journal of social and political sciences
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doi

10.31014/aior.1991.02.02.80

Pages: 397-412

Keywords: Efficiency, Food and Beverage Companies, Debt-to-Total Asset, Tangible Fixed Asset, Inventory Turnover, Return on Asset, Vietnam

Abstract

Based on data from 36 listed Vietnamese food and beverage companies in the period of 2009-2018, the authors aim at studying determinants of the efficiency of Vietnamese food and beverage industry. By using regression results and Hausman testing result, the authors found that debt-to-total asset ratio and tangible fixed asset ratio are negatively correlated to return on asset (ROA), while, inventory turnover has a positive impact. Accordingly, the growth rate and receivable turnover's have no impacts on ROA. From the empirical research findings, recommendations were proposed to improve the efficiency of firms in the food and beverage industry in transitional countries such as Vietnam.

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