Roles of Disclosure of Financial & Accounting Data in Listed Firms and Evaluating Risk Via Impacts of A Six Factor Model on MTC Stock Price in Tourism Industry in Vietnam

Nguyen Van Bao, Dinh Tran Ngoc Huy , Duong Thi Hong Nhung and Tran Thi Ngoc Tu

Together with the development of stock market in Vietnam in recent years, There are several factors that affect disclosure of financial accounting information and affect risk level of firms such as: leverage, tax rate, net profit, etc., which might affect risk and stock price fluctuations of listed firms. MyTra (MTC) travel joint stock company is listed in Vietnam stock market and achieved good results in recent years, but also face challenges from Covid 19. Fluctuation of stock price in travel companies in developing countries such as Vietnam will reflect the business health of tourism system and the whole economy. Good business management requires us to consider the impacts of multi macro factors on stock price, and it contributes to promoting business plan and economic policies for economic growth and stabilizing macroeconomic factors. By data collection method through statistics, analysis, synthesis, comparison, quantitative analysis to generate qualitative comments and discussion; using econometric method to perform regression equation and evaluate quantitative results, the article analyzed and evaluated the impacts of six (6) macroeconomic factors on stock price of a joint stock travel company, MyTra (MTC) in Vietnam in the period of 2014-2019, both positive and negative sides. The results of quantitative research, in a six factor model, show that the increase in risk free rate has a significant effect on increasing MTC stock price with the highest impact coefficient, the second is decreasing CPI, lending rate and exchange rate. This research finding and recommended policy also can be used as reference in policy for tourism system and commercial bank and relating governmental agencies in Vietnam, as well as many developing countries.

Volume 12 | Issue 5

Pages: 355-366

DOI: 10.5373/JARDCS/V12I5/20201723