Impact of Managers’ Gender Difference on Firms’ Liability in Vietnam

The article investigates the impact of the gender difference of entrepreneurs on the debt ratio of small and medium enterprises in Vietnam. The data source is based on survey results from 2007 to 2015 with more than 2600 enterprises. Research results through Bayesian estimation method show that male entrepreneurs use a higher corporate debt ratio than women. The study also found that the size of the enterprise, the education and training level of the entrepreneurs, and the export factor have a positive impact while the age of the enterprise has a negative impact on the debt ratio of the enterprise.