Luận văn Thạc sĩ Kinh tế: Tác động của những đặc tính công ty đến quản trị vốn luân chuyển ở các công ty phi tài chính niêm yết tại Việt Nam

- PL28- Phụ lục 15. Kết quả hồi quy biến phụ thuộc INV kết hợp với yếu tố thời gian. (8) INV = ß 0 +ß 1 ROA +ß 2 OCF +ß 3 SIZE +ß 4 GRO + ß 5 QR +ß 6 DEBT + ß 7 YEAR_1 + ß 8 YEAR_2 + ß 9 YEAR_3 + Model Summary b Model R R Square Adjusted R Square Std. Error of the Estimate Durbin- Watson 1 .567 a .321 .310 90.709927 1.479 a. Predictors: (Constant), YEAR_3, QR, GRO, ROA, OCF, SIZE, YEAR_2, YEAR_1, DEBT b. Dependent Variable: INV ANOVA b Model Sum of Squares df Mean Square F Sig. 1 Regression 338408.155 9 37600.906 28.260 .000 a Residual 4426820.473 538 8228.291 Total 4765228.627 547 a. Predictors: (Constant), YEAR_3, QR, GRO, ROA, OCF, SIZE, YEAR_2, YEAR_1, DEBT b. Dependent Variable: INV Coefficients a Model Unstandardized Coefficients Standardized Coefficients t Sig. Collinearity Statistics B Std. Error Beta Tolerance VIF 1 (Constant) 162.703 38.193 4.260 .000 ROA -.906 .461 -.089 -1.965 .050 .841 1.190 GRO -.311 .084 -.158 -3.695 .000 .941 1.063 QR -8.049 2.302 -.179 -3.496 .001 .657 1.522 OCF -.519 .191 -.115 -2.714 .007 .957 1.045 SIZE -1.814 2.878 -.029 -.630 .529 .844 1.185 DEBT -.236 .232 -.058 -1.015 .310 .536 1.867 YEAR_1 -7.666 11.223 -.036 -.683 .495 .636 1.573 YEAR_2 -7.153 11.143 -.033 -.642 .521 .645 1.550 YEAR_3 -2.699 11.024 -.013 -.245 .807 .659 1.517 a. Dependent Variable: INV

- PL29- Phụ lục 16. Kết quả hồi quy biến phụ thuộc AP kết hợp với yếu tố thời gian. (9) AP = ß 0 +ß 1 ROA +ß 2 OCF +ß 3 SIZE +ß 4 GRO + ß 5 QR +ß 6 DEBT + ß 7 YEAR_1 + ß 8 YEAR_2 + ß 9 YEAR_3 + Model Summary b Model R R Square Adjusted R Square Std. Error of the Estimate Durbin- Watson 1 .610 a .372 .361 49.942603 1.527 a. Predictors: (Constant), YEAR_3, QR, GRO, ROA, OCF, SIZE, YEAR_2, YEAR_1, DEBT b. Dependent Variable: AP ANOVA b Model Sum of Squares df Mean Square F Sig. 1 Regression 185875.477 9 20652.831 35.410 .000 a Residual 1341913.792 538 2494.264 Total 1527789.269 547 a. Predictors: (Constant), YEAR_3, QR, GRO, ROA, OCF, SIZE, YEAR_2, YEAR_1, DEBT b. Dependent Variable: AP Coefficients a Model Unstandardized Coefficients Standardized Coefficients t Sig. Collinearity Statistics B Std. Error Beta Tolerance VIF 1 (Constant) 122.107 21.028 5.807 .000 ROA -.760 .254 -.132 -2.996 .003 .841 1.190 GRO -.154 .046 -.139 -3.330 .001 .941 1.063 QR -1.122 1.268 -.044 -.885 .377 .657 1.522 OCF -.322 .105 -.126 -3.058 .002 .957 1.045 SIZE -6.205 1.584 -.172 -3.916 .000 .844 1.185 DEBT .420 .128 .182 3.288 .001 .536 1.867 YEAR_1 1.179 6.179 .010 .191 .849 .636 1.573 YEAR_2 2.545 6.135 .021 .415 .678 .645 1.550 YEAR_3 3.278 6.069 .027 .540 .589 .659 1.517 a. Dependent Variable: AP

- PL30- Phụ lục 17. Kết quả hồi quy biến phụ thuộc CCC kết hợp với yếu tố ngành. (10) CCC = ß 0 +ß 1 ROA +ß 2 OCF +ß 3 SIZE +ß 4 GRO + ß 5 QR +ß 6 DEBT + ß 7 IND_1 + ß 8 IND_2 + ß 9 IND_3 +ß 10 IND_4 +ß 11 IND_5 + ß 12 IND_6 + Model Summary b Model R R Square Adjusted R Square Std. Error of the Estimate Durbin- Watson 1 .666 a .444 .432 94.105997 1.747 a. Predictors: (Constant), IND_6, OCF, QR, GRO, IND_5, IND_1, IND_4, ROA, SIZE, IND_3, DEBT, IND_2 b. Dependent Variable: CCC ANOVA b Model Sum of Squares df Mean Square F Sig. 1 Regression 1139950.097 12 94995.841 35.603 .000 a Residual 4737927.185 535 8855.939 Total 5877877.282 547 a. Predictors: (Constant), IND_6, OCF, QR, GRO, IND_5, IND_1, IND_4, ROA, SIZE, IND_3, DEBT, IND_2 b. Dependent Variable: CCC Coefficients a Model Unstandardized Coefficients Standardized Coefficients t Sig. Collinearity Statistics B Std. Error Beta Tolerance VIF 1 (Constant) 158.595 42.965 3.691 .000 ROA -1.730 .497 -.153 -3.482 .001 .779 1.284 GRO -.381 .086 -.175 -4.424 .000 .964 1.037 QR -4.272 2.442 -.086 -1.750 .081 .628 1.591 OCF -.789 .198 -.158 -3.990 .000 .962 1.040 SIZE 2.936 3.267 .042 .899 .369 .705 1.419 DEBT -.897 .254 -.198 -3.532 .000 .481 2.079 IND_1 67.029 26.753 .132 2.505 .013 .539 1.855 IND_2 18.682 18.409 .083 1.015 .311 .227 4.398 IND_3 -1.102 18.922 -.005 -.058 .954 .247 4.051 IND_4 -50.552 21.615 -.138 -2.339 .020 .433 2.310 IND_5 -71.172 22.724 -.187 -3.132 .002 .424 2.360 IND_6 -28.113 19.572 -.106 -1.436 .151 .274 3.645 a. Dependent Variable: CCC

- PL31- Phụ lục 18. Kết quả hồi quy biến phụ thuộc AR kết hợp với yếu tố ngành. (11) AR = ß 0 +ß 1 ROA +ß 2 OCF +ß 3 SIZE +ß 4 GRO + ß 5 QR +ß 6 DEBT + ß 7 IND_1 + ß 8 IND_2 + ß 9 IND_3 +ß 10 IND_4 +ß 11 IND_5 + ß 12 IND_6 + Model Summary b Model R R Square Adjusted R Square Std. Error of the Estimate Durbin- Watson 1 .734 a .539 .529 55.639496 1.846 a. Predictors: (Constant), IND_6, OCF, QR, GRO, IND_5, IND_1, IND_4, ROA, SIZE, IND_3, DEBT, IND_2 b. Dependent Variable: AR ANOVA b Model Sum of Squares df Mean Square F Sig. 1 Regression 674094.719 12 56174.560 52.127 .000 a Residual 1656228.112 535 3095.753 Total 2330322.831 547 a. Predictors: (Constant), IND_6, OCF, QR, GRO, IND_5, IND_1, IND_4, ROA, SIZE, IND_3, DEBT, IND_2 b. Dependent Variable: AR Coefficients a Model Unstandardized Coefficients Standardized Coefficients t Sig. Collinearity Statistics B Std. Error Beta Tolerance VIF 1 (Constant) 139.286 25.403 5.483 .000 ROA -1.194 .294 -.168 -4.066 .000 .779 1.284 GRO -.202 .051 -.147 -3.965 .000 .964 1.037 QR 1.291 1.444 .041 .894 .372 .628 1.591 OCF -.599 .117 -.191 -5.126 .000 .962 1.040 SIZE -3.787 1.931 -.085 -1.961 .050 .705 1.419 DEBT -.259 .150 -.091 -1.727 .085 .481 2.079 IND_1 89.511 15.818 .281 5.659 .000 .539 1.855 IND_2 27.383 10.884 .192 2.516 .012 .227 4.398 IND_3 -4.995 11.187 -.033 -.446 .655 .247 4.051 IND_4 -24.219 12.779 -.105 -1.895 .059 .433 2.310 IND_5 6.680 13.436 .028 .497 .619 .424 2.360 IND_6 -9.955 11.572 -.060 -.860 .390 .274 3.645 a. Dependent Variable: AR

- PL32- Phụ lục 19. Kết quả hồi quy biến phụ thuộc INV kết hợp với yếu tố ngành. (12) INV = ß 0 +ß 1 ROA +ß 2 OCF +ß 3 SIZE +ß 4 GRO + ß 5 QR +ß 6 DEBT + ß 7 IND_1 + ß 8 IND_2 + ß 9 IND_3 +ß 10 IND_4 +ß 11 IND_5 + ß 12 IND_6 + Model Summary b Model R R Square Adjusted R Square Std. Error of the Estimate Durbin- Watson 1 .628 a .395 .381 87.282648 1.597 a. Predictors: (Constant), IND_6, OCF, QR, GRO, IND_5, IND_1, IND_4, ROA, SIZE, IND_3, DEBT, IND_2 b. Dependent Variable: INV ANOVA b Model Sum of Squares df Mean Square F Sig. 1 Regression 689459.173 12 57454.931 29.108 .000 a Residual 4075769.455 535 7618.261 Total 4765228.627 547 a. Predictors: (Constant), IND_6, OCF, QR, GRO, IND_5, IND_1, IND_4, ROA, SIZE, IND_3, DEBT, IND_2 b. Dependent Variable: INV Coefficients a Model Unstandardized Coefficients Standardized Coefficients t Sig. Collinearity Statistics B Std. Error Beta Tolerance VIF 1 (Constant) 124.034 39.850 3.113 .002 ROA -1.009 .461 -.099 -2.190 .029 .779 1.284 GRO -.305 .080 -.155 -3.810 .000 .964 1.037 QR -8.006 2.265 -.178 -3.535 .000 .628 1.591 OCF -.557 .183 -.124 -3.036 .003 .962 1.040 SIZE 2.383 3.030 .037 .786 .432 .705 1.419 DEBT -.308 .236 -.076 -1.310 .191 .481 2.079 IND_1 8.779 24.813 .019 .354 .724 .539 1.855 IND_2 8.326 17.074 .041 .488 .626 .227 4.398 IND_3 -12.226 17.550 -.056 -.697 .486 .247 4.051 IND_4 -38.334 20.047 -.116 -1.912 .056 .433 2.310 IND_5 -82.416 21.077 -.240 -3.910 .000 .424 2.360 IND_6 -33.655 18.153 -.142 -1.854 .064 .274 3.645 a. Dependent Variable: INV

- PL33- Phụ lục 20. Kết quả hồi quy biến phụ thuộc AP kết hợp với yếu tố ngành. (13) AP = ß 0 +ß 1 ROA +ß 2 OCF +ß 3 SIZE +ß 4 GRO + ß 5 QR +ß 6 DEBT + ß 7 IND_1 + ß 8 IND_2 + ß 9 IND_3 +ß 10 IND_4 +ß 11 IND_5 + ß 12 IND_6 + Model Summary b Model R R Square Adjusted R Square Std. Error of the Estimate Durbin- Watson 1 .672 a .452 .440 47.732599 1.643 a. Predictors: (Constant), IND_6, OCF, QR, GRO, IND_5, IND_1, IND_4, ROA, SIZE, IND_3, DEBT, IND_2 b. Dependent Variable: AP ANOVA b Model Sum of Squares df Mean Square F Sig. 1 Regression 308844.709 12 25737.059 36.773 .000 a Residual 1218944.559 535 2278.401 Total 1527789.269 547 a. Predictors: (Constant), IND_6, OCF, QR, GRO, IND_5, IND_1, IND_4, ROA, SIZE, IND_3, DEBT, IND_2 b. Dependent Variable: AP Coefficients a Model Unstandardized Coefficients Standardized Coefficients t Sig. Collinearity Statistics B Std. Error Beta Tolerance VIF 1 (Constant) 104.724 21.793 4.805 .000 ROA -.474 .252 -.082 -1.879 .061 .779 1.284 GRO -.125 .044 -.113 -2.866 .004 .964 1.037 QR -2.443 1.239 -.096 -1.972 .049 .628 1.591 OCF -.367 .100 -.144 -3.661 .000 .962 1.040 SIZE -4.340 1.657 -.120 -2.620 .009 .705 1.419 DEBT .329 .129 .142 2.555 .011 .481 2.079 IND_1 31.260 13.570 .121 2.304 .022 .539 1.855 IND_2 17.027 9.338 .148 1.823 .069 .227 4.398 IND_3 -16.119 9.597 -.131 -1.679 .094 .247 4.051 IND_4 -12.001 10.963 -.064 -1.095 .274 .433 2.310 IND_5 -4.565 11.526 -.023 -.396 .692 .424 2.360 IND_6 -15.497 9.927 -.115 -1.561 .119 .274 3.645 a. Dependent Variable: AP