Beta of Viet Nam Stock Investment Industry Under Leverage Impact During and After The Global Crisis 2007-2011

  • Dinh Tran Ngoc Huy Binh Duong university Vietnam – GSIM
Keywords: equity beta, financial structure, financial crisis, risk, external financing, stock investment industry


This paper estimates the impacts of external financing on market risk for the listed firms in the Viet nam non-banking stock investment 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 Viet Nam non-banking stock investment 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 up to 30%.

Finally, this paper provides some outcomes that could provide companies and government more evidence in establishing their policies in governance.


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Author Biography

Dinh Tran Ngoc Huy, Binh Duong university Vietnam – GSIM

 MBA, Faculty of Economics, Binh Duong university Vietnam – GSIM, International University of Japan, Japan,


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How to Cite
Huy, D. T. N. (2019). Beta of Viet Nam Stock Investment Industry Under Leverage Impact During and After The Global Crisis 2007-2011. IJRDO - Journal of Business Management (ISSN: 2455-6661), 5(6), 19-32. Retrieved from