Study on Factors Affecting the Financial Performance of Enterprises

The research objective of the article is study the factors affecting the financial performance of enterprises in Vietnam. Collected data are 189 observations published by the General Statistics Office from 2017 to 2019. The regression analysis results show that the financial performance of enterprises depends on five factors, including efficiency in using labor, financial leverage, capital turnover, fixed asset ratio, and total asset growth rate. In which, the factor of capital turnover has the most significant influence on the performance of enterprises. Based on the research results, the article proposes two managerial implications to improve the financial situation, including improving labor productivity and building a reasonable capital structure for enterprises. Dr. Dinh Cong Thanh | Dr. Pham Le Hong Nhung | BBA. Nguyen Thi Ngan "Study on Factors Affecting the Financial Performance of Enterprises" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-4 , June 2022, URL: https://www.ijtsrd.com/papers/ijtsrd50134.pdf Paper URL: https://www.ijtsrd.com/management/business-administration/50134/study-on-factors-affecting-the-financial-performance-of-enterprises/dr-dinh-cong-thanh