Số No. 05 (36) (36)-2025 Journal of Finance & Accounting Research - Trang 107

Tóm tắt tiếng Việt:

English Summary:

This study examines factors affecting financial distress in food processing firms listed on the Vietnamese stock market from 2018–2023, using OLS and HDFE regressions. Results show that profitability and short-term liquidity positively influence the Z-score, reducing financial vulnerability, while firm size and leverage negatively impact it, increasing risks. Economic growth and quality management moderate these effects: high liquidity aids resilience in favorable conditions, and ISO 22000 certification, combined with profitability, offsets leverage and exchange rate risks. These insights highlight the role of macroeconomic and governance factors in shaping financial distress in Vietnam’s food industry.

Từ khóa: food manufacturing companies, financial distress, economic growth, quality management.

Số lượt đọc: 26 - Số lượt tải về: 17

DOI Code: https://doi.org/10.71374/jfar.v25.i5.21