Rủi ro địa chính trị và nguy cơ mất khả năng thanh toán: Bằng chứng thực nghiệm từ các doanh nghiệp ở Đông Nam Á

Thảo Trần Phương; Tuấn Lê Anh

doi:10.24311/jabes/2020.31.12.1

Các tác giả

Trần Phương Thảo Trường Đại học Kinh tế TP. Hồ Chí Minh Tác giả
Lê Anh Tuấn Đại học Quốc Lập Trung Ương (National Central University), Đài Loan Tác giả

DOI:

https://doi.org/10.24311/jabes/2020.31.12.1

Từ khóa:

Rủi ro địa chính trị, Mất khả năng thanh toán, Nắm giữ tiền mặt, Doanh nghiệp sản xuất

Tóm tắt

Bài báo này xem xét ảnh hưởng của rủi ro địa chính trị đến nguy cơ mất khả năng thanh toán của các doanh nghiệp ở bốn quốc gia thuộc khu vực ASEAN. Sử dụng mẫu nghiên cứu gồm 13.587 quan sát trong giai đoạn 1995–2018, thông qua các phương pháp ước lượng như: Mô hình ảnh hưởng cố định và mô hình hồi quy GMM, nghiên cứu cho kết quả chắc chắn rằng rủi ro địa chính trị có mối quan hệ cùng chiều với nguy cơ mất khả năng thanh toán của doanh nghiệp. Phân tích sâu hơn cho thấy tác động của rủi ro địa chính trị đến nguy cơ mất khả năng thanh toán của doanh nghiệp nghiêm trọng hơn đối với các doanh nghiệp sản xuất. Tuy nhiên, các công ty nắm giữ nhiều tiền mặt có thể giảm thiểu tác động tiêu cực này tốt hơn.

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