The Effect Of Capital Structure On Profitability: An Empirical Analysis Of Vietnamese Listed Banks

This paper aims at investigate the impact of capital structure on profitability of seventeen listed banks in Vietnam over a period from 2015 to 2018. The profitability is measured by Return on Total Assets (ROA) while capital structure is measured by Debt to Total Assets (DA), firm's size, growth opportunity, and tangibility. The data has been analyzed by using descriptive statistics, correlation, and panel data regression models. The findings show that there is a strong negative impact of capital structure on firm's profitability. These findings offer useful insights for the banks and lending institutions based on empirical evidence.