FACTORS INFLUENCING THE LIQUIDITY OF LISTED JOINT-STOCK COMMERCIAL BANKS ON THE VIETNAMESE STOCK MARKET

Abstract

This paper explores the factors influencing the liquidity of listed joint-stock commercial banks on the Vietnamese stock market during the period from 2015 to 2022. The analytical data for this paper was collected from the financial reports of 20 listed joint-stock commercial banks on the Vietnamese stock market. The study employs least squares regression, random effects models, and fixed effects models to achieve its research objectives. The results indicate that bank size, equity ratio, profitability, non-performing loan ratio, loan-to-deposit ratio, cost ratio, and GDP growth rate are significant factors affecting the liquidity of listed joint-stock commercial banks in Vietnam. Based on these findings, several policy implications are proposed for joint-stock commercial banks and the State Bank of Vietnam.