The Role of Non-Credit Service in Bank Performance: Empirical Evidence in Vietnam / Nguyen Van Hieu, Do Nguyen Nguyet Minh
Đầu mục:0
Tài liệu số:1This paper examines the impact of non-credit services on Vietnamese bank performance from 2008 to 2017. The research investigates the impact of microeconomic factors, including non-interest service, capital ratio, overheads, loan assets, deposit assets, bank size, and number of ATMs. The empirical results suggest that the size of banks, non-credit services, deposit assets and overheads have been found to have a significant effect on bank performance. Moreover, our results demonstrate that income derived from non-credit services positively and significantly impacts bank performance estimated by Return on Assets (ROA) and Return on Equity (ROE). The study will address endogeneity issues through the Generalized Method of Moments (GMM) and the Two-stage least square method. Our results highlight the importance of income diversification to optimize banks’ operational efficiency in the coming years. The study also explains the positive effect of non-credit services on bank performance. Bank service contributes to the diversification of a bank’s products and services, thereby attracting more customers and retaining customers. Moreover, the development of non-credit products also increases a bank’s position and disperses risks for the bank.
Impact of Financial Literacy on Vietnamese Students’ Spending Management / Khuc The Anh, Tran Tuan Vinh
Đầu mục:0
Tài liệu số:1The study was carried out to evaluate the impact of financial literacy by considering the influence of three components: Financial Attitude, Financial Knowledge and Financial Behavior on students’ spending management. The article used a combination of qualitative and quantitative research (through Structural Equation Modeling - SEM) to evaluate. The results showed that financial knowledge and financial attitude do not influence students’ spending management, while financial behavior and influence of parents are statistically significant factors. Primarily, financial behavior has the most prominent influence. From the research results, the author has made some policy implications for relevant agencies to improve the influence of parents on children and to improve students' financial behaviour.
Factors Affecting Gen Z Customers’ Satisfaction with Sales Promotions of Vietnam E-Commerce Platforms / Dao Cam Thuy, Nguyen Thi Lien, Dang Pham Y My
Đầu mục:0
Tài liệu số:1The complicated epidemic situation has made e-commerce platforms grow vigorously because the demand for purchasing on the Internet is increasing day by day. In this paper, the authors aim to determine the factors affecting the satisfaction of Gen Z customers with the promotional programs of e-commerce platforms in Vietnam. Data was collected from 334 Gen Z customers. The analysis results show that there are three factors affecting service quality including security, responsiveness, and payment. Furthermore, these factors have an influence on customer satisfaction as well. Based on the research results, the authors also offer some recommendations for improving the quality of e-commerce platforms and increasing their competitiveness in the current context.
Negative Customer Engagement Behavior Intention in Higher Education Under the Lens of Theory of Planned Behavior: A Structural Equation Model / Pham Thi Kim Thanh, Vu Tri Dung
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Đầu mục:0
Tài liệu số:1The current literature focuses mainly on the positive valence of customer engagement (CE), hence it still lacks studies on negative CE. Studies from a marketing perspective in higher education also pay attention to promoting students’ satisfaction and keeping them positively engaged with their higher education institute (HEI). This study aims to examine the negative CE behavior intention of students within the HEI community under the impact of academic aspect quality, which is one of the core elements in HE service quality. The theory of planned behavior (TPB) is used as a new lens to measure the effects of the attitudinal components of negative CE behavior. The empirical results confirm the negative impact of academic aspect quality on student intention to negatively engage with school. It also reveals the positive impact of dissatisfaction on negative CE behavior intention within HEIs. It suggests that dissatisfaction derived from perceived academic aspect quality is a remarkable predictor of student negative engagement behavior intention within HEIs. Some practical implications for practitioners are also presented in this paper.
The Effects of Intellectual Capital on Firms’ Sustainable Growth: A Systematic Review and Future Research Agenda / Pham Thi Ngoc Suong, Dut Van Vo
Đầu mục:0
Tài liệu số:1This study aims to review the effects of intellectual capital on enterprises' sustainable growth and proposes a research agenda to the literature. Seven relevant studies published in journals indexed in the Web of Science and Scopus were selected and reviewed by systematically searching the relevant database. The study applied the co-occurrence technique by the VOSviewer application to detect the limitations of prior studies. Review results reveal that intellectual capital is measured by many different methods and comprises many components. Most empirical studies concluded the positive effect of enterprises’ intellectual capital on sustainable growth. However, others only find out the general effect of intellectual capital on sustainable growth or the effect of some components of intellectual capital on sustainable growth. Building upon such research gaps, the study proposes a model for such a relationship and the moderating role of the management experience of the top management team on the association to improve the robustness of future studies in the field.
The Nexus between External Debt and Growth Convergence: Evidence from Asian Countries / Le Hong Thai, Trinh Thi Phan Lan
Đầu mục:0
Tài liệu số:1This paper aims to investigate the relationship between growth and external debt in selected Asian economies during the period from 2000 to 2019. To this aim, panel data collected from the World Development Indicators (WDI) of the World Bank are analyzed by the conditional beta convergence framework. Three indicators of external debt (namely total debt service, debt stock and public and publicly guaranteed debt service) are incorporated in the model regressing the average growth rate of income on the natural logarithm of the initial level of GDP per capita. Results of the fixed effect estimations show an inverse relationship between external debt ratios and economic growth. The role of external debt in the convergence process is further examined by including debt interaction terms in the conditional convergence model. We found that a higher debt service level is associated with a higher rate of convergence. These findings reveal that over the past two decades the economic convergence among Asian countries has been much debt-led. Our findings inform policymakers of the effectiveness of government borrowings as a source for economic growth.
Is Population Growth a Requisite for National Economic Growth? A Revisit of the Debate Using Panel Data Analysis / Osobase, Anthony Onogiese, Ohioze, Wilson Friday2..[and orth
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Đầu mục:0
Tài liệu số:1This current paper reassesses the controversial discourse regarding the impact of population growth on national economies using data from 66 countries that constitute 85 per cent of the global population. The panel data spans through the periods 2001-2019. The variables include GDP per capita (regressand), aggregate population, fertility rate, life expectancy, crude death rate and gross fixed capital formation. The fixed effects estimator and panel causality tests were utilized to estimate the data. Findings from the fixed effects model suggests that GDP per capita is adversely and significantly predicted by the aggregate population and fertility rate whereas, gross fixed capital formation and crude death rate exert a positive significant effect on the regressand. Surprisingly, the panel causality result advances that there is a two-way causality between the regressand and the regressors. Following the findings, it is recommended that pragmatic policy measures that will control the rising fertility rate, encourage skill acquisition programs and raise employment generation for the rising population will be a welcome develop ment.
Loan Loss Provisioning and Efficiency: A Study of Frontier Market Banks / Wil Martens, Chau Ngoc Minh Bui
Đầu mục:0
Tài liệu số:1This paper investigates frontier market bank managers’ use of the discretionary component of loan loss provisions to manage earnings and its association with efficiency. Studies have documented that bank managers use loan loss provisions to smooth earnings, yet the association of provisioning with efficiency in frontier markets has not been empirically examined. Employing stochastic frontier analysis as a method of efficiency assessments in 22 frontier market countries, results show bank efficiency declined steadily from 2001 to 2018. This finding is contrary to economic efficiency theory and suggests that loan quality difficulties have persisted despite nations enjoying increasing economic development. Regression analysis results further reveal that earnings management (EM) via loan loss provisioning is inversely related to efficiency. Study findings support prospect theory, indicating that managers engage in risk-seeking behavior while making risk-averse judgments. Overall, the study results imply that banks should expand loan provisioning strategies to optimize resource allocation and business performance.
Underpricing or Overvaluation? Theoretical Review of Initial Public Offering Phenomenon / Adi Kurniawan Yusup
Đầu mục:0
Tài liệu số:1The abnormal initial return of Initial Public Offerings (IPOs) has become an interesting financial phenomenon that attracts many researchers’ interest. This phenomenon has become more attractive because IPOs have increased during the pandemic since 2021. This study investigates whether the positive initial performance of IPO stock led to underpricing or overvaluation in a broader context in the form of literature reviews. After elaborating and analyzing several related studies, theories and empirical research in the literature, this research finds that the aftermarket has a lower performance than the initial one. It shows that abnormal initial returns tend to be caused by investors’ overvaluation and overreaction instead of underpricing.
Vai trò của Nhà nước trong phục hồi và phát triển kinh tế tư nhân Việt Nam thời kỳ đại dịch COVID-19 / Đỗ Vũ Phương Anh, Đỗ Minh Đức, Tô Thế Nguyên
Đầu mục:0
Tài liệu số:1Trình bày Đại dịch COVID-19 đã gây ra những hậu quả nghiêm trọng đối với nền kinh tế Việt Nam, trong đó khu vực kinh tế tư nhân. Trên cơ sở phân tích tác động của đại dịch COVID-19 đến khu vực này, bài viết tổng hợp, phân tích và đánh giá các chính sách mà Việt Nam đã thực hiện nhằm ứng phó với tình hình đại dịch COVID-19 trong hai năm 2020-2021. Kết quả cho thấy, Chính phủ đã ban hành một số nhóm chính sách nhằm hỗ trợ doanh nghiệp như hỗ trợ vốn đầu tư, chi phí tài chính cho doanh nghiệp, hỗ trợ lao động, việc làm…, tuy nhiên vẫn còn một số hạn chế nhất định. Trên cơ sở đó, bài viết đề xuất một số khuyến nghị nhằm thực hiện hiệu quả các chính sách trong thời gian tới.
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