Cấu trúc vốn của các ngân hàng thương mại Việt Nam:  Cách tiếp cận theo phương pháp Bayes

Nam Phạm Hải; Ngân Huỳnh Thị Tuyết; Tân Nguyễn Ngọc; Nhung Phạm Thị Hồng; Linh Nguyễn Trần Xuân

doi:10.24311/jabes/2021.32.5.1

Các tác giả

Phạm Hải Nam Trường Đại học Ngân hàng TP. Hồ Chí Minh Tác giả
Huỳnh Thị Tuyết Ngân Ngân hàng TMCP Hàng Hải Việt Nam Tác giả
Nguyễn Ngọc Tân Văn phòng Ủy ban Nhân dân TP. Hồ Chí Minh Tác giả
Phạm Thị Hồng Nhung Trường Cao đẳng Kinh tế TP. Hồ Chí Minh Tác giả
Nguyễn Trần Xuân Linh Trường Cao đẳng Công Thương TP. Hồ Chí Minh Tác giả

DOI:

https://doi.org/10.24311/jabes/2021.32.5.1

Từ khóa:

Cấu trúc vốn, Ngân hàng thương mại, Quy mô ngân hàng

Tóm tắt

Mục tiêu của nghiên cứu là tìm hiểu các yếu tố ảnh hưởng đến cấu trúc vốn của các ngân hàng thương mại (NHTM) Việt Nam, bao gồm: Nhóm các NHTM cổ phần do nhà nước nắm quyền chi phối và nhóm các NHTM cổ phần tư nhân. Trong nghiên cứu này, nhóm tác giả sử dụng chỉ tiêu nợ trên tổng tài sản đại diện cho cấu trúc vốn của các NHTM Việt Nam. Nghiên cứu áp dụng phương pháp hồi quy Bayes thông qua thuật toán lấy mẫu Gibbs với bộ số liệu bao gồm 03 NHTM cổ phần do nhà nước nắm quyền chi phối và 27 NHTM cổ phần tư nhân Việt Nam trong giai đoạn 2007–2018. Kết quả nghiên cứu cho thấy các yếu tố tác động cùng chiều đến cấu trúc vốn của các NHTM cổ phần do nhà nước nắm quyền chi phối, bao gồm: Quy mô tài sản, tốc độ tăng trưởng tài sản, thời gian hoạt động, lạm phát, tăng trưởng GDP. Các yếu tố có tác động ngược chiều đến cấu trúc vốn gồm: Khả năng sinh lời, tài sản thanh khoản. Đối với nhóm các NHTM cổ phần tư nhân, các yếu tố có tác động cùng chiều là: Quy mô tài sản, tốc độ tăng trưởng tài sản, tài sản thanh khoản, tăng trưởng GDP. Các yếu tố có tác động ngược lại bao gồm: Khả năng sinh lời, thời gian hoạt động, lạm phát.

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