Financial Capacity for Sustainable Growth of Listed Agricultural Enterprises in Vietnam

Tran Thi Lan

doi:10.14419/j0zcv545

Article Details

Financial Capacity for Sustainable Growth of Listed Agricultural Enterprises in Vietnam

Authors:

Tran Thi Lan

Publisher:

Science Publishing Corporation

Journal:

International Journal of Accounting and Economics Studies Vol.13 Issue 1, pp.112-119

Document Type:

Article

Publication Date:

11/2026

Document Language:

English

Document ID (Org No.):

2001386556

pISSN:

2309-4508

DOI:

10.14419/j0zcv545

Keywords:

Abstract:

 In the context of Vietnam facing common challenges in both global and domestic economies, achieving sustainable development for businesses has become a pressing concern for managers and investors. This article selects listed companies in the ‎agricultural sector for analysis and evaluation. Agricultural companies are an indispensable part of the farm modernization process, ‎playing the role of a bridge between farmers and the consumer market. However, agrarian companies show low sustainable growth. The ‎difficulty is basically financial problems, especially financial capacity. Based on the sustainable growth models proposed by scientists ‎Higgin (1977) [1] and Van Horne (1987) [2], the article evaluates the impact of financial capacity on the sustainable growth of 23 agricultural ‎companies listed on the Vietnam Stock Exchange, secondary data collection period from 2017 - 2024. By using quantitative modeling ‎research methods of OLS, FEM, REM, and GLS models. There is evidence that financial capacity has a strong impact on the growth of ‎agricultural companies, with a coefficient of determination (R2) of 0.528 in the entire sample. Profitability is an important factor that ‎positively affects the sustainable growth of listed agricultural companies. Meanwhile, the factor of operating efficiency, measured by ‎operating expenses over total sales and service revenue, has a negative impact. The new findings show that the factors of enterprise size, ‎level of financial leverage, investment project portfolio, and payment capacity are not statistically significant for the model. Finally, the paper ‎gives some recommendations for improving the financial capacity associated with the sustainable growth of agricultural companies‎.

Article Details

Financial Capacity for Sustainable Growth of Listed Agricultural Enterprises in Vietnam

Authors:

Tran Thi Lan

Publisher:

Science Publishing Corporation

Journal:

International Journal of Accounting and Economics Studies Vol.13 Issue 1, pp.112-119

Document Type:

Article

Publication Date:

11/2026

Document Language:

English

Document ID (Org No.):

2001386556

pISSN:

2309-4508

DOI:

10.14419/j0zcv545

Sustainable Growth

Agricultural Enterprises

Enterprise Size

Profitability

Operating Efficiency

Financial Leverage

Issues

Article Details

Financial Capacity for Sustainable Growth of Listed Agricultural Enterprises in Vietnam

Authors: Tran Thi Lan

Publisher: Science Publishing Corporation

Journal: International Journal of Accounting and Economics Studies Vol.13 Issue 1, pp.112-119

Document Type: Article

Publication Date: 11/2026

Document Language: English

Document ID (Org No.): 2001386556

pISSN: 2309-4508

DOI: 10.14419/j0zcv545

Sustainable Growth

Agricultural Enterprises

Enterprise Size

Profitability

Operating Efficiency

Financial Leverage

Issues

Authors:

Tran Thi Lan

Publisher:

Science Publishing Corporation

Journal:

International Journal of Accounting and Economics Studies Vol.13 Issue 1, pp.112-119

Document Type:

Article

Publication Date:

11/2026

Document Language:

English

Document ID (Org No.):

2001386556

pISSN:

2309-4508

DOI:

10.14419/j0zcv545