The Capital Structure Choice on Vietnam’s Stock Market

Enterprise is an important entity that contributes to socioeconomic development in each country. Enterprises often choose the optimal capital structure to maintain stable growth and increase corporate value and shareholder benefits. Using 80 companies listed on Vietnam’s stock market from 2014 to 2021, the research results confirm that large enterprises and enterprises with the participation of women on the board of directors are often able to capital structure choices coming from external funding. The research found no evidence between the board of directors’ size, firm profitability, and capital structure choice.