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Risk Management and IT Management in Viet Nam Electric Power Industry During and After the Global Crisis 2007-2009

Journal: International Journal of Mechanical and Production Engineering Research and Development (IJMPERD ) (Vol.10, No. 3)

Publication Date:

Authors : ;

Page : 3913-3926

Keywords : Equity Beta; Financial Structure; Financial Crisis; Risk; External Financing; Electric Power Industry JEL CLASSIFICATION: G010; G100; G390;

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Technological innovation and management in Vietnam electric power is a crucial issue to improve quality of electric power products, services and system. This paper estimates the impacts of external financing on market risk for the listed firms in the Viet nam electric power industry, esp. after the financial crisis 2007-2009. First, by using quantitative and analytical methods to estimate asset and equity beta of total 20 listed companies in Viet Nam electric power industry with a proper traditional model, we found out that the beta values, in general, for many institutions are acceptable. Second, under 3 different scenarios of changing leverage (in 2011 financial reports, 30% up and 20% down), we recognized that the risk level, measured by equity and asset beta mean, decreases (0,243) when leverage increases to 30% and vice versa. Third, by changing leverage in 3 scenarios, we recognized the dispersion of risk level increases (measured by equity beta var) if the leverage increases to 30%. Finally, this paper provides some outcomes that could provide companies and government more evidence in establishing their policies in governance.

Last modified: 2021-01-05 16:56:48