Le Thanh Phuong

Maturity mismatch, interest-bearing leverage, and short-term financial vulnerability: Evidence from Vietnam’s listed electricity firms

Listed electricity firms in Vietnam often face a timing problem in financing. The assets they build and operate last for many years, but part of the debt used to finance them may mature much earlier. This study examines whether that maturity gap, together with interest-bearing leverage and operating cash flow, is assoc...