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Impact of Financial Literacy on Vietnamese Students’ Spending Management 金融素养对越南学生消费管理的影响
Pub Date : 2022-08-25 DOI: 10.57110/jeb.v2i4.4800
Khuc The Anh, Tran Tuan Vinh
The 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.
本研究通过考虑财务态度、财务知识和财务行为三个组成部分对学生支出管理的影响来评估财务素养的影响。本文采用定性与定量相结合的研究方法(通过结构方程建模- SEM)进行评价。结果表明,理财知识和理财态度对学生的消费管理没有影响,而理财行为和家长的影响是有统计学意义的因素。首先,财务行为的影响最为突出。从研究结果中,作者提出了一些政策建议,以提高家长对孩子的影响,改善学生的财务行为。
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引用次数: 0
The Effects of Intellectual Capital on Firms’ Sustainable Growth: A Systematic Review and Future Research Agenda 智力资本对企业可持续增长的影响:系统回顾与未来研究议程
Pub Date : 2022-08-25 DOI: 10.57110/jeb.v2i4.4831
Pham Thi Suong, D. Vo
This 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.
本研究旨在检视智力资本对企业永续成长的影响,并对文献提出研究议程。通过系统检索相关数据库,选取Web of Science和Scopus收录期刊上发表的7篇相关研究进行综述。本研究采用VOSviewer应用程序的共现技术来检测先前研究的局限性。回顾结果表明,智力资本是由许多不同的方法和许多组成部分组成的。大多数实证研究都得出了企业智力资本对可持续增长的正向作用。然而,也有学者只研究了智力资本对可持续增长的总体影响或智力资本的某些组成部分对可持续增长的影响。基于这些研究空白,本研究提出了这种关系的模型,以及高层管理团队的管理经验对这种关联的调节作用,以提高该领域未来研究的稳健性。
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引用次数: 0
Impact of Innovation in Sensory Marketing on Local Brand Image, Satisfaction and Return Intention of Tourist to Ha Giang Destination 感官营销创新对河江旅游地品牌形象、游客满意度及回访意愿的影响
Pub Date : 2022-08-25 DOI: 10.57110/jeb.v2i4.4863
Tran Thi Hoang Lam, Doan Thi Ngoan, Le Thi Tu Anh
With the prospect that the COVID-19 epidemic will be basically controlled, many provinces and cities in Vietnam in general and Ha Giang province in particular are actively developing and implementing plans to accelerate the speed of tourism recovery, ensure safety, adapt to the new normal and aim to achieve the goal of developing the tourism industry into a spearhead economic sector. To achieve those aims, the pillar of development needs to be directed toward innovation, particularly innovation in marketing activities. This study focuses on analyzing the influence of sensory marketing on local brand image, satisfaction, and tourist retention at tourist destinations in Ha Giang province. Through data obtained from 204 tourists who have experienced Ha Giang tourism, the results show that sensory marketing through taste, sight, and touch has a direct influence on the return intention of tourists, or an influence to return indirectly through local brand image and tourist satisfaction. Therefore, the authors have proposed some solutions for stakeholders to innovate Ha Giang tourism through sensory marketing.
在新冠肺炎疫情基本得到控制的前景下,越南许多省市,特别是河江省,正在积极制定和实施加快旅游业恢复速度、保障安全、适应新常态的规划,努力实现旅游业发展成为经济先导产业的目标。为了实现这些目标,发展的支柱必须指向创新,特别是营销活动的创新。本研究旨在分析感官行销对河江省旅游地品牌形象、满意度及游客保留率的影响。通过对204名体验过河江旅游的游客的数据分析,结果表明味觉、视觉、触觉的感官营销对游客的回访意愿有直接影响,或者通过当地品牌形象和游客满意度间接影响游客的回访意愿。因此,作者提出了一些解决方案,为利益相关者通过感官营销创新河江旅游。
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引用次数: 0
Underpricing or Overvaluation? Theoretical Review of Initial Public Offering Phenomenon 低估还是高估?首次公开发行现象的理论回顾
Pub Date : 2022-08-25 DOI: 10.57110/jeb.v2i4.4823
A. Yusup
The 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.  
首次公开募股(ipo)的异常初始收益已成为一个有趣的金融现象,引起了许多研究者的兴趣。这种现象变得更具吸引力,因为自2021年以来,ipo在大流行期间有所增加。本研究以文献综述的形式,在更广泛的背景下探讨IPO股票的积极初始表现是否导致低估或高估。在对相关研究、理论和文献实证研究进行梳理和分析后,本研究发现后市场的绩效低于初始市场。结果表明,初始收益异常往往是由投资者的高估和过度反应引起的,而不是由定价过低引起的。
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引用次数: 0
The Role of Non-Credit Service in Bank Performance: Empirical Evidence in Vietnam 非信贷服务在银行绩效中的作用:越南的经验证据
Pub Date : 2022-08-25 DOI: 10.57110/jeb.v2i4.4873
Nguyen Van Hieu, Do Nguyen Nguyet Minh
This 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. 
本文考察了2008年至2017年非信贷服务对越南银行业绩的影响。该研究调查了微观经济因素的影响,包括非利息服务、资本比率、管理费用、贷款资产、存款资产、银行规模和自动取款机数量。实证结果表明,银行规模、非信贷服务、存款资产和管理费用对银行绩效有显著影响。此外,我们的研究结果表明,来自非信贷服务的收入对资产回报率(ROA)和股本回报率(ROE)估计的银行业绩产生了积极而显著的影响。该研究将通过广义矩量法(GMM)和两阶段最小二乘法来解决内生性问题。我们的研究结果强调了收入多样化对于优化银行未来几年的运营效率的重要性。研究还解释了非信贷服务对银行绩效的积极影响。银行业务有助于银行产品和服务的多样化,从而吸引更多的客户和留住客户。此外,非信贷产品的发展也增加了银行的地位,分散了银行的风险。
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引用次数: 0
Factors Affecting Gen Z Customers’ Satisfaction with Sales Promotions of Vietnam E-Commerce Platforms 影响Z世代消费者对越南电商平台促销活动满意度的因素
Pub Date : 2022-08-25 DOI: 10.57110/jeb.v2i4.4870
Dao Cam Thuy, N. Liên, Dang Pham Y My
The 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.  
复杂的疫情形势使得电子商务平台蓬勃发展,因为网上购物的需求日益增加。在本文中,作者旨在确定影响Z世代客户对越南电子商务平台促销计划满意度的因素。数据收集自334名Z世代客户。分析结果表明,影响服务质量的因素有三个:安全性、响应性和支付。此外,这些因素对顾客满意度也有影响。根据研究结果,作者还提出了在当前背景下提高电子商务平台质量和增强竞争力的一些建议。
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引用次数: 0
The Nexus between External Debt and Growth Convergence: Evidence from Asian Countries 外债与增长趋同的关系:来自亚洲国家的证据
Pub Date : 2022-08-25 DOI: 10.57110/jeb.v2i4.4829
Le Hong Thai, Trịnh Thị Lan
This 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.
本文旨在研究2000年至2019年期间选定的亚洲经济体的增长与外债之间的关系。为此,从世界银行的世界发展指标(WDI)中收集的面板数据通过条件贝塔收敛框架进行分析。外债的三个指标(即偿债总额、债务存量和公共和公共担保的偿债)纳入了按人均国内总产值初始水平的自然对数回归平均收入增长率的模型。固定效应估计的结果表明,外债比率与经济增长呈负相关。通过在条件收敛模型中包括债务相互作用条款,进一步考察了外债在收敛过程中的作用。我们发现,较高的偿债水平与较高的趋同率相关。这些发现表明,在过去20年里,亚洲国家之间的经济趋同在很大程度上是由债务主导的。我们的研究结果为政策制定者提供了政府借贷作为经济增长来源的有效性信息。
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引用次数: 0
The Influence of Ambient Cues on Customer Behavioral Intentions 环境线索对顾客行为意向的影响
Pub Date : 2022-06-23 DOI: 10.25073/2588-1108/vnueab.4704
N. T. Giang, Nhâm Phong Tuân
This study examines the influence of ambient cues on customers’ emotions, perceived experiential value, and behavioral intentions. Data are collected from 447 individual customers of midscale ethnic restaurants that specialize in national/local cuisine and offer servicescapes inspired by the local culture in Hanoi, Vietnam. This research reveals that though ambient cues have no significant direct impact on intentions, they can significantly impact on emotions and perceived experiential value, which in turn affect behavioral intention. This study adds to the existing liturature of ambient cues by extending the Stimulus, Organism, Response model to examine the role of perceived experiential value as the “organism” in the impact of the ambient cues on behavioral intentions.
本研究探讨环境线索对顾客情绪、知觉体验价值和行为意向的影响。数据收集自越南河内的447名中档民族餐厅的个人顾客,这些餐厅专门提供民族/当地美食,并提供受当地文化启发的服务。本研究发现,虽然环境线索对意向没有显著的直接影响,但它们可以显著影响情绪和感知经验价值,进而影响行为意向。本研究在现有环境线索研究文献的基础上,扩展了刺激-机体-反应模型,探讨了知觉经验价值作为“机体”在环境线索对行为意向的影响中所起的作用。
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引用次数: 0
Debt, Growth Opportunities and Investment of Listed Firms in Vietnam 越南上市公司债务、成长机会与投资
Pub Date : 2022-06-23 DOI: 10.25073/2588-1108/vnueab.4716
D. Tan, Huynh Thi Mong Tuyen, Le Thi Thanh Nhi, Tran Ly Hoang Quyen, N. D. Anh, N. Liem
This study examines the simultaneous relationship between debt and debt maturity structure of firms with different growth opportunities. In addition, we analyze the effects of these factors on the investment of Vietnamese-listed firms in the period 2010-2020. Using the 3SLS regression model, the results show a negative relationship between debt and debt maturity structure, supporting the underinvestment hypothesis. However, when firms have higher growth opportunities, the relationship between the two factors turns positive, supporting the hypothesis of liquidity risk. The results of using the System GMM model to examine the impact of debt, debt maturity, and growth opportunities on investment further confirm the above findings. These findings have important implications for managers in making investment decisions.
本研究考察了不同成长机会企业的债务与债务期限结构之间的同步关系。此外,我们还分析了这些因素对2010-2020年越南上市公司投资的影响。利用3SLS回归模型,结果显示债务与债务期限结构呈负相关,支持投资不足假说。然而,当企业拥有较高的成长机会时,两者之间的关系变为正相关,支持流动性风险假设。运用系统GMM模型考察负债、负债期限和成长机会对投资的影响,结果进一步证实了上述发现。这些发现对管理者进行投资决策具有重要意义。
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引用次数: 0
Impact of Competitive Strategy on Corporate Governance in Companies Listed on Vietnam’s Stock Market 竞争战略对越南上市公司公司治理的影响
Pub Date : 2022-06-23 DOI: 10.25073/2588-1108/vnueab.4725
Le Thi Thoan, Vo Thi Ngoc Thuy, T. T. Long
In this study, we explores the relationship between competative strategy and corporate governance through the analysis of 562 non-financial companies listed on the Vietnam’s stock market in 2010-2019, thereby making judgments about competitive strategies to determine which strategy has a meaningful impact on corporate governance. It is found that a cost leadership strategy has a negative impact on corporate governance, and a differentiation strategy has a positive impact on corporate governance. In addition, our study provides evidence for further studies in this field and suggests some possible solutions for investors and regulators in Vietnam.
在本研究中,我们通过对2010-2019年在越南股票市场上市的562家非金融公司的分析,探讨竞争战略与公司治理之间的关系,从而对竞争战略做出判断,以确定哪种战略对公司治理有意义的影响。研究发现,成本领先战略对公司治理有负向影响,而差异化战略对公司治理有正向影响。此外,我们的研究为该领域的进一步研究提供了证据,并为越南的投资者和监管机构提出了一些可能的解决方案。
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引用次数: 0
期刊
VNU JOURNAL OF ECONOMICS AND BUSINESS
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