Evaluation of Beta CAPM under Financial Leverage Scenarios in Viet Nam Real Estate Industry under Financial Leverage

2021 ◽  
Vol 7 (Extra-E) ◽  
pp. 497-509
Author(s):  
Phan Anh
Keyword(s):  
Real Estate ◽  
Stock Price ◽  
Stock Exchange ◽  
Risk Level ◽  
Viet Nam ◽  
Real Estate Industry ◽  
Financial Leverage ◽  
Financial Reports ◽  
Listed Firms ◽  
Bank System

This paper evaluates the impacts of external financing on market risk for the listed firms in the Vietnam real estate industry. In order to propose evidence for establishing policies in risk management and governance, authors use live data of stock price and rates form bank system and Vietnam stock exchange. Research findings show that  when estimating asset and equity beta of total 45 listed companies in Viet Nam real estate industry with a proper traditional model, beta values, in general, for many institutions are acceptable. Then, 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 (0,348) when leverage increases to 30% and it increases (0,385) if leverage decreases down to 20%. And by changing leverage in 3 scenarios, we recognized the dispersion of risk level, measured by equity beta var, increases if the leverage increases to 30%. And the asset beta var value is quite small, showing leverage efficiency.

scholarly journals IMPACTS OF EXTERNAL FINANCING ON THE RISK LEVEL OF VIET NAM NATURAL GAS AND OIL INDUSTRY DURING AND AFTER THE GLOBAL CRISIS 2007-2009

2015 ◽  
Vol 3 (9) ◽  
pp. 49-62
Author(s):  
Dinh Tran Ngoc Huy
Keyword(s):  
Financial Crisis ◽  
Natural Gas ◽  
Analytical Methods ◽  
Oil Industry ◽  
Risk Level ◽  
Viet Nam ◽  
Traditional Model ◽  
External Financing ◽  
Financial Reports ◽  
Listed Firms

This paper estimates the impacts of external financing on market risk for the listed firms in the Viet nam natural gas and oil industry, esp. after the financial crisis 2007-2009. First, by using quantitative and analytical methods to estimate asset and equity beta of total 15 listed companies in Viet Nam natural gas and oil 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 (0,231) when leverage increases to 30% and vice versa. Third, by changing leverage in 3 scenarios, we recognized the dispersion of risk level decreases (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.

scholarly journals The risk level of Vietnam non-banking investment and financial services industry under financial leverage during and after the global crisis 2007-2011

2013 ◽  
Vol 3 (3) ◽  
pp. 48-55
Author(s):  
Dinh Tran Ngoc Huy
Keyword(s):  
Financial Services ◽  
Analytical Methods ◽  
Risk Level ◽  
Financial Services Industry ◽  
Viet Nam ◽  
Traditional Model ◽  
External Financing ◽  
Financial Reports ◽  
Listed Firms ◽  
Services Industry

This paper estimates the impacts of external financing on market risk for the listed firms in the Viet nam non-banking financial services industry, esp. after the financial crisis 2007-2009. First, by using quantitative and analytical methods to estimate asset and equity beta of total 10 listed companies in Vietnam non-banking financial services 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 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 decreases down to 20%. Finally, this paper provides some outcomes that could provide companies and government more evidence in establishing their policies in governance.

scholarly journals The Measurement of Impacts of External Financing on The Risk Level of Viet Nam Construction Material Industry During and After The Global Crisis 2007-2011

2013 ◽  
Vol 1 (3) ◽  
pp. 60-74
Author(s):  
Dinh Tran Ngoc Huy
Keyword(s):  
Analytical Methods ◽  
Construction Material ◽  
Risk Level ◽  
Viet Nam ◽  
Traditional Model ◽  
External Financing ◽  
Material Industry ◽  
Financial Reports ◽  
Listed Firms ◽  
Construction Material Industry

This research paper aims to analyze the impacts of external financing on market risk for the listed firms in the Viet nam construction material industry, esp. after the financial crisis 2007-2009. First, by using quantitative and analytical methods to estimate asset and equity beta of total 57 listed companies in Viet Nam construction material 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 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.

scholarly journals Pengaruh Rasio Rentabilitas, Rasio Solvabilitas, Rasio Aktivitas, Dan Rasio Likuiditas Terhadap Harga Saham (Studi Kasus Pada Perusahaan Subsektor Property Dan Real Estate Periode 2014-2017)

2019 ◽  
Vol 2 (2) ◽  
pp. 140-154
Author(s):  
Widya Sari ◽  
Andy Andy ◽  
Calista Wongso ◽  
Erwin Erwin ◽  
M Dicky Zoelkaranain
Keyword(s):  
Real Estate ◽  
Stock Price ◽  
Stock Exchange ◽  
Profit Margin ◽  
Current Ratio ◽  
Financial Reports ◽  
Analysis Technique ◽  
Study Results ◽  
Net Profit ◽  
Equity Ratio

The purpose of this study was to analyze the the influence of Net Profit Margin, Debt to Equity Ratio, Total Assets Turnover, and Current Ratio to Stock Price. The sample of this study was ninety-six financial  reports of Property and Real Estate companies which are listed in Indonesia Stock Exchange using a quantitive research method. The multiple regressions analyisis was used as the analysis technique. The study results showed that Net Profit Margin and Total Assets Turnover have significant influence toward Stock Price partially while Debt to Equity Ratio and Current Ratio have no influence toward Stock Price partially.

PENGARUH FREKUENSI PERDAGANGAN PADA SEKTOR PROPERTY DAN REAL ESTATE TERHADAP HARGA SAHAM

2019 ◽  
Vol 7 (02) ◽  
pp. 51
Author(s):  
Adri Wihananto
Keyword(s):  
Real Estate ◽  
Stock Price ◽  
Stock Exchange ◽  
Stock Trading ◽  
Trading Frequency ◽  
Important Thing ◽  
Know How ◽  
Stock Value ◽  
Measuring Frequency ◽  
Case Based

Trading frequency can be said as the implementation from trader of commerce. This case based on positive or negative trader reaction given by trader information.  Stock trading in BEI always fluctuate with price of volume value and frequency particularly. Frequency itself shows the company  involved or not. In trading frequency, if the indicator frequency it self shown the higher point, it means better. In spite of the most important thing is how the fluctuation or value conversion itself. On the frequencies we also could see which stocks is interested by the investor. When trading frequency high, it  may be create sense of interest from investors.The aim of this research, in order to know how far the effect of trading frequency (X) with stock value (Y) using cover stock value. The information used is begin 2008 with sample from twelve property and real estate companies. According to the research can be conclude from twelve companies in Indonesia Stock Exchange in 2008, 75 % of trading frequency samples doesn’t have signification degree between trading frequency and stock value. This case can be explained count on smaller than t tableEvaluation of this research is the trading measuring frequency at property sector and real estate not influence to stock priceKeywords : Trading Frequency, Stock Price 

Sign in / Sign up

Export Citation Format

Share Document