The Impact of the solvency to the financial independence level in listed companies: Evidence from Vietnam

Abstract

The research focuses on the relationship between solvency and financial independence level of 3261 listed companies in Vietnam. To prove and analyse the influence among 5 independent variables that measure the solvency level, both EVIEW 10.0 and SPSS version 22.0.0.0 were used. The 5 independent variables mentioned above are the general payment ability ratio, long-term payment ability, short-term payment ability, quick ratio, and financial leverage. The two dependent variables including financial autonomy and financial security represent the financial independence level of Vietnamese listed firms.