Factors Affecting Efficient Owner's Equity in Listed Steel Production and Trading Enterprises in Vietnam

Efficient capital of an enterprise is an economic category that reflects the level of exploitation, use and management of capital resources, making capital profitable at maximum, with the ultimate goal of maximizing asset value owner's property. To survive and develop, businesses must always find ways to preserve and use capital effectively and must take measures to improve the efficiency of using business capital as well as equity. This is not a simple problem and not all businesses can do it, especially in an unstable economic situation after the Covid-19 pandemic. The steel industry is one of the industries heavily affected by the Covid-19 epidemic, disrupting the supply chain and lacking input materials. This article conducts a survey of 13 listed steel manufacturing and trading enterprises in Vietnam to study factors affecting efficient owner’s equity. The results show that there are 6 factors affecting efficient owner’s equity: (1) Enterprise size, (2) Capital structure, (3) Growth rate, (4) Business risk, (5) Business market, (6) Management capacity. From the research results, the author proposes solutions to increase efficient owner’s equity.