Debt levels impact firm performance in Vietnam material enterprises.
The article examines how the way a company uses debt affects its performance. By studying 20 material enterprises in Vietnam over 12 years, the researchers found that having too much long-term debt can lower a company's return on equity. On the other hand, having a higher total debt compared to equity can actually improve a company's performance. This suggests that the amount and type of debt a company uses can significantly impact how well it does.