Impacts of Fundraising Decisions on Sustainable Growth: An Empirical Study of Fishing Companies in Vietnam

This study explores the influence of fundraising decisions on the sustainable growth of listed fishing companies in Vietnam. Employing a combination of qualitative and quantitative methods, the research analyzes financial data obtained from 35 fishing companies listed on the Vietnam stock market during the period from 2009 to 2021. The findings reveal that fundraising decisions exert a substantial impact on the sustainable growth of these listed fishing companies in Vietnam. More specifically, debt financing positively contributes to the sustainable financial development of these enterprises, whereas equity financing has a detrimental effect. Control variables have been incorporated into the model to assess their effects on the sustainable growth rate. These findings offer valuable insights to policymakers and practitioners within the fishing industry, empowering them to make well-informed decisions regarding financial strategies that foster sustainable growth.