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The Economics and Finance Letters

June 2021, Volume 8, 1, pp 44-52

A Study on Financial Performance of Transport & Warehouses Firms Listed on the Hanoi Stock Exchange

Duc Tai Do

Duc Tai Do 1

  1. University of Labor and Social Affairs, Vietnam. 1

on Google Scholar
on PubMed

Pages: 44-52

DOI: 10.18488/journal.29.2021.81.44.52

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Article History:

Received: 17 August, 2020
Revised: 04 November, 2020
Accepted: 21 December, 2020
Published: 12 January, 2021


The aim of this study is two-fold. Firstly, it attempts to assess the financial performance of Transport & Warehouses Firms Listed on the Hanoi Stock Exchange (HNX). Secondly, it analyses and measure Cronbach's Alpha coefficients of the dependent variable, including, return on assets (ROA), return on equity (ROE) & return on sales (ROS). A quantitative research was conducted by collecting ROA, ROE & ROS in 22 Transport & Warehouses Firms Listed on the Hanoi Stock Exchange. We then categorized the ROA, ROE and ROS indicators into 5 levels ranging from 1 to 5. The first main findings from the study reveal that there are over 30% of Transport & Warehouses Firms with low financial performance and limited financial capacity. The second main research findings resulted from Cronbach’s Alpha: Cronbach’s Alpha of ROA, ROE and ROS are pretty tall, enough for analysis. Research findings are bases for recommendations to improve financial performance of Transport & Warehouses Firms Listed on the Hanoi Stock Exchange.
Contribution/ Originality
This study uses new estimation methodology to analyse and measure the financial performance of Transport & Warehouses Firms Listed on the Hanoi Stock Exchange over the period 2015-2019. The paper's primary contribution is finding that benefit the Transport & Warehouses firms Listed on HNX in the improvement of their profit.


Financial performance, transport & warehouses firms, Hanoi stock exchange (HNX), ROA, ROE, ROS, Finance.


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This study received no specific financial support.

Competing Interests:

The author declares that there are no conflicts of interests regarding the publication of this paper.


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