This research investigates the relationship between capital structure and firm value for companies listed on the Vietnamese stock market. The study utilizes data from audited financial statements of 769 companies spanning from 2012 to 2022, amounting to 8459 observations. Employing various estimation methods, such as ordinary least squares (OLS), fixed effects model (FEM), random effects model (REM), and generalized least squares (GLS), the impact of capital structure on key financial indicators, namely, return on assets (ROA), return on equity (ROE), and Tobin’s Q, is assessed. The findings indicate that the debt ratio exhibits a positive influence on ROA, ROE, and Tobin’s Q, with Tobin’s Q displaying the most pronounced impact (0.450) and ROA showing the weakest impact (0.011). However, the long-term debt ratio does not significantly affect firm value. Interestingly, both short-term and long-term debt ratios have negative effects on ROA, ROE, and Tobin’s Q, with the most substantial impact on Tobin’s Q reduction (0.562). Based on these research outcomes, the authors offer valuable recommendations to companies, investors, business leaders, and policymakers to make informed decisions in selecting an optimal and sensible capital structure.

The escalating environmental pollution primarily caused by construction enterprises has raised concerns about the urgent need for sustainable practices. This study aims to establish a novel framework of Green Organizational Capabilities (GOC) for construction enterprises in Vietnam. Additionally, it addresses the research gap regarding the relationship between GOC and Competitive Advantage (CA) while also exploring the mediating effect of Green Innovation (GI). Employing Structural Equation Modeling (SEM), we simultaneously model and estimate the intricate relationships among GOC, GI, and CA, which are often unobservable and measured indirectly by the Likert scale point. Through SEM, we account for measurement errors in observed variables and test hypotheses from a sample of 278 valid respondents. The findings reveal that (1) Organizational capabilities are being transformed into GOC, encompassing three key capabilities: Operational Capabilities (OC), Green Dynamic Capabilities (GDC), and Green Creativity (GC); (2) Only GDC and GC have a positive impact on CA; and (3) There is a mediating role of GI on the relation between GC, GDC, and CA. These results highlight the significance of focusing on developing GDC and GC to bolster green innovation practices and achieve a competitive edge. Construction companies can leverage these insights to enhance their sustainability efforts and seize opportunities for growth in the green economy.

Purpose: The purpose of this research is to analyze and evaluate factors affecting cooperation in the international supply chain of Vietnamese seafood enterprises. Theoretical framework: Operations in international business context are associated with high risks, so cooperation in supply chain helps to improve management flexibility. On the other hand, acccording to the theory of resource dependency, resource sharing and information sharing strategies can affect the quality and the level of cooperation among supply chain partners. Design/methodology/approach: To achieve the aim of this study, a literature survey related to supply chain and supply chain cooperation is carried out, and empirical analysis is conducted among 327 partners in seafood industry with the results analyzed using Cronbach’s Alpha analysis, exploratory factor analysis (EFA), and linear regression analysis (RA). Findings: Research results have confirmed that there are six main factors directly affecting the international supply chain cooperation of Vietnamese seafood enterprises including: (1) Trust; (2) Power; (3) Distance; (4) Government policy; (5) Cooperation strategies and (6) Information sharing. Research/Practical & Social implication: The encouraging policies and simplified export regulations are to be implemented by the government, VASEP and enterprises so the knowledge about international supply chain cooperation will be promoted with the help of comprehensive future research directions. Originality/value: This is literally one of the first research works in Vietnam to incorporate the information sharing component into the model of affecting factors for international supply chain cooperation. Regardless of business uncertainties, the study shed new light on supply chain cooperation and promote firms to gain an edge in the global marketplace.