FACTORS AFFECTING DEBT MATURITY STRUCTURE OF LISTED TRANSPORTATION ENTERPRISES IN VIETNAM

Abstract

The Covid-19 pandemic has presented unprecedented challenges to the global value chain, causing disruptions in various sectors of the economy. In the context of the 4.0 industrial revolutions, financial management, particularly debt management, has become a crucial factor for the sustainable development of businesses. This article examines the factors that influence the debt maturity structure, using a data set collected from the financial statements of 84 transport enterprises listed on the Vietnam stock exchange from 2019 to 2023. The study utilized the generalized least squares (GLS) method to analyze the research data. The research findings indicate that there are five factors, including financial leverage, company size, current payment capacity, asset equipping capacity, and long-term asset ratio, that affect the debt maturity structure of transport enterprises. Based on these findings, the study proposes solutions to assist transport enterprise administrators in effectively managing their debt maturity structure.