The factor affecting the Liquidity of listed Stocks on the Vietnamese stock market
👁 3 lượt xem↓ 0 lượt tải qua VietLexVietLex bảo vệ quyền riêng tư của bạn — không tracking, không chia sẻ thông tin tải về cho bên thứ ba.
📑 Trích dẫn đầy đủ (citation)
APA-like:
Vũ, Thị Quỳnh Hà (2025). The factor affecting the Liquidity of listed Stocks on the Vietnamese stock market. Thesis, ĐHQG Hà Nội. http://repository.vnu.edu.vn/handle/VNU_123/173268
Việt Nam (chuẩn TCVN 5453:1991):
Vũ, Thị Quỳnh Hà. The factor affecting the Liquidity of listed Stocks on the Vietnamese stock market. Thesis, 2025. ĐHQG Hà Nội. Truy cập từ http://repository.vnu.edu.vn/handle/VNU_123/173268.
Tóm tắt
Stock liquidity is a critical factor in assessing the attractiveness and efficiency of
 securities in the financial market. This study aims to identify and analyze key
 determinants influencing the liquidity of listed stocks in the Vietnamese stock
 market during the period from 2020 - 2023 and proposes strategies to enhance
 liquidity, benefiting investors and regulatory authorities. Improving stock
 liquidity not only optimizes trading efficiency but also strengthens market
 credibility and attracts additional foreign investment. This study contributes not
 only through empirical findings but also by providing practical recommendations
 for listed companies and regulatory bodies to enhance stock liquidity in
 Vietnam’s stock market.
 The regression analysis, using ILLIQ (illiquidity ratio) as the dependent variable,
 demonstrates that key explanatory variables—Free float (proportion of freely
 tradable shares), Firm size (firm size), GDP (economic growth), VSGR
 (sustainable growth rate), CAPM (capital asset pricing model returns), and VOL
 (trading volume)-are statistically significant. Meanwhile, the variable Rate variable (risk free rate) does not exhibit statistical significance. The analysis
 confirms that the constructed model aligns well with the dataset, indicating that
 stock liquidity in the Vietnamese stock market is influenced by Free float, Firm
 size, GDP, VSGR, CAPM, and VOL.
 To improve stock liquidity, companies should first focus on strengthening their
 internal fundamentals. Firms should increase their charter capital and issue
 additional public shares while encouraging major shareholders to reduce
 ownership stakes to increase the free float ratio in the market. This enhances
 stock accessibility for investors, thereby boosting trading volume. Additionally,
 firms must ensure transparent, comprehensive, and timely financial disclosures,
 enabling investors to accurately assess the intrinsic value of the company