The Kenyan manufacturing sector’s contribution to the economy has been declining. It has stagnated at 10% of the gross domestic product (GDP), contributing to an average of 10% from 1964-1973 and marginally increased to 13.6% from 1990-2007 and has been below 10% in recent years further dropping to 8.4% in 2017 and 7.1% in 2020 ultimately hitting its lowest in 2022 of 7.2%. The government has renewed its efforts to revive the sector to grow its contribution to GDP to 20% by 2030. Financing by equity is significant for listed firms. This study applied Dynamic Unbalanced Panel analysis techniques using Secondary data for 10-year period (2010 - 2019) with the study population comprising of 9 listed firms. A census of the firms was done and resulted to 86 observations. Focus was on equity financing moderated by economic growth and earnings volatility on firm value which was proxied by Tobin’s Q and EVA. Pecking order guided the study. Longitudinal research design was used as it is appropriate when dealing with panel data. STATA version 15 was used for analysis. Model estimation followed a two Step System GMM testing the study hypotheses at 5 % significance level. Pearson correlation coefficient was used to show the strength and direction of association among the study variables. Equity financing had a negative correlation with Tobin Q (r = -0.2682). The regression weight being (β= -0.1674526; p = 0.002 < 0.005). On the other hand, Equity to assets ratio (EAR) was found to have positive correlation with Ln EVA (r= 0.5218). The regression coefficient was positive but not significant (β = 0.2901601; p = 0.087 > 0.05) and hence concluding that it improved firm value marginally. The study therefore concluded that equity financing structure directly determines value of the firm by eroding Tobin Q and hence equity financing need to be limited. Future studies can consider static panel analysis models and other panel data econometric techniques. Purpose: The purpose of the study was to analyze the relationship between equity financing and the value of the firm. Methodology: The study adopted a longitudinal research design. The target population comprised the nine manufacturing firms which were listed on the Nairobi Securities exchange (NSE) for the period 2010 to 2019. The study used secondary data from the published financial statements of the firms. A census of the 9 manufacturing firms was done and this comprised a total of 86 observations due to missing data during the study period hence the Unbalanced Panel Analysis approach. Model Selection followed Arellano &Bond (1991) Panel data procedures. A two-step system GMM was used. STATA Version 15 software was used for data analysis. Unit root tests were conducted using the Im–Pesaran–Shin and Fisher-type tests which allow for unbalanced panels. Findings: It was found that equity financing as was proxied by equity to assets ratio (EAR) had a weak negative correlation with Tobin Q. The regression weight for
{"title":"Equity Financing and Firm Value; Short Run and Long Run Dynamics: A Generalized Method of Moments Approach","authors":"A. Oganda","doi":"10.47604/ijecon.1942","DOIUrl":"https://doi.org/10.47604/ijecon.1942","url":null,"abstract":"The Kenyan manufacturing sector’s contribution to the economy has been declining. It has stagnated at 10% of the gross domestic product (GDP), contributing to an average of 10% from 1964-1973 and marginally increased to 13.6% from 1990-2007 and has been below 10% in recent years further dropping to 8.4% in 2017 and 7.1% in 2020 ultimately hitting its lowest in 2022 of 7.2%. The government has renewed its efforts to revive the sector to grow its contribution to GDP to 20% by 2030. Financing by equity is significant for listed firms. This study applied Dynamic Unbalanced Panel analysis techniques using Secondary data for 10-year period (2010 - 2019) with the study population comprising of 9 listed firms. A census of the firms was done and resulted to 86 observations. Focus was on equity financing moderated by economic growth and earnings volatility on firm value which was proxied by Tobin’s Q and EVA. Pecking order guided the study. Longitudinal research design was used as it is appropriate when dealing with panel data. STATA version 15 was used for analysis. Model estimation followed a two Step System GMM testing the study hypotheses at 5 % significance level. Pearson correlation coefficient was used to show the strength and direction of association among the study variables. Equity financing had a negative correlation with Tobin Q (r = -0.2682). The regression weight being (β= -0.1674526; p = 0.002 < 0.005). On the other hand, Equity to assets ratio (EAR) was found to have positive correlation with Ln EVA (r= 0.5218). The regression coefficient was positive but not significant (β = 0.2901601; p = 0.087 > 0.05) and hence concluding that it improved firm value marginally. The study therefore concluded that equity financing structure directly determines value of the firm by eroding Tobin Q and hence equity financing need to be limited. Future studies can consider static panel analysis models and other panel data econometric techniques. \u0000Purpose: The purpose of the study was to analyze the relationship between equity financing and the value of the firm. \u0000Methodology: The study adopted a longitudinal research design. The target population comprised the nine manufacturing firms which were listed on the Nairobi Securities exchange (NSE) for the period 2010 to 2019. The study used secondary data from the published financial statements of the firms. A census of the 9 manufacturing firms was done and this comprised a total of 86 observations due to missing data during the study period hence the Unbalanced Panel Analysis approach. Model Selection followed Arellano &Bond (1991) Panel data procedures. A two-step system GMM was used. STATA Version 15 software was used for data analysis. Unit root tests were conducted using the Im–Pesaran–Shin and Fisher-type tests which allow for unbalanced panels. \u0000Findings: It was found that equity financing as was proxied by equity to assets ratio (EAR) had a weak negative correlation with Tobin Q. The regression weight for","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":"49 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88728101","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.38203/jiem.023.1.0060
Quoc Trung Tran, Xuan Minh Nguyen, Tuan D. Nguyen, Thi Trung Nguyen, T. Dao, Quang Tam Nguyen
The literature shows that the relationship between state ownership and corporate investment is debatable. This study examines this relationship in Vietnam as a transitional economy. Our sample consists of 4,680 observations from 2009 to 2020. Using fixed effects and random effects for panel data, random effects Tobit, and pooled OLS, we find that state ownership decreases investment expenditures. Moreover, this negative impact is stronger if the firms are financially unconstrained. Our results indicate that weak corporate governance and soft budget constraints arising from state ownership may fail to determine investment decisions. A government’s negative attitude toward risk and conservatism may effectively affect corporate investment.
{"title":"State ownership and corporate investment: evidence from Vietnamese stock market","authors":"Quoc Trung Tran, Xuan Minh Nguyen, Tuan D. Nguyen, Thi Trung Nguyen, T. Dao, Quang Tam Nguyen","doi":"10.38203/jiem.023.1.0060","DOIUrl":"https://doi.org/10.38203/jiem.023.1.0060","url":null,"abstract":"The literature shows that the relationship between state ownership and corporate investment is debatable. This study examines this relationship in Vietnam as a transitional economy. Our sample consists of 4,680 observations from 2009 to 2020. Using fixed effects and random effects for panel data, random effects Tobit, and pooled OLS, we find that state ownership decreases investment expenditures. Moreover, this negative impact is stronger if the firms are financially unconstrained. Our results indicate that weak corporate governance and soft budget constraints arising from state ownership may fail to determine investment decisions. A government’s negative attitude toward risk and conservatism may effectively affect corporate investment.","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":"189 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76543804","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.38203/jiem.023.1.0058
Y. Pham, Tien-Chin Wang, H. Nguyen, Anh T. N. Nguyen
Vietnam is one of the world’s top five exporters of textiles and apparel. Textile and apparel companies not only account for a large amount of foreign currency revenue to the state budget, but also contribute to job creation. Therefore, it is of great importance to learn about the financial stability of this strategic economic industry and the issues it needs to address currently or in the future. This study attempts to evaluate 11 Vietnamese textile and apparel companies based on their financial performance using the entropy-TOPSIS method. Seven financial stability ratio data of these companies within the period 2016-2018 were formulated and used for ranking. The ranking shows the degree of their business’s financial stability and security. Moreover, the findings may provide company-level managers and industry management officials with insight into the industry’s financial stability. Managers can see their financial stability status among others in the industry, while officials can identify companies that need government support for funding or interest rate adjustment.
{"title":"An evaluation of financial performance of vietnam textile and apparel industry using Entropy-TOPSIS method","authors":"Y. Pham, Tien-Chin Wang, H. Nguyen, Anh T. N. Nguyen","doi":"10.38203/jiem.023.1.0058","DOIUrl":"https://doi.org/10.38203/jiem.023.1.0058","url":null,"abstract":"Vietnam is one of the world’s top five exporters of textiles and apparel. Textile and apparel companies not only account for a large amount of foreign currency revenue to the state budget, but also contribute to job creation. Therefore, it is of great importance to learn about the financial stability of this strategic economic industry and the issues it needs to address currently or in the future. This study attempts to evaluate 11 Vietnamese textile and apparel companies based on their financial performance using the entropy-TOPSIS method. Seven financial stability ratio data of these companies within the period 2016-2018 were formulated and used for ranking. The ranking shows the degree of their business’s financial stability and security. Moreover, the findings may provide company-level managers and industry management officials with insight into the industry’s financial stability. Managers can see their financial stability status among others in the industry, while officials can identify companies that need government support for funding or interest rate adjustment. ","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":"46 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75593330","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.38203/jiem.023.1.0061
Vinh Le, Quang Pham, T. Bui, Phuong Nguyen
This study aims to evaluate the factors affecting the level of customer deposits in Vietnamese commercial banks. The research sample includes 25 banks from 2009 to 2021. The secondary data were collected from the audited financial statements of banks and the statistical information of the Hanoi and Ho Chi Minh Stock Exchanges. The regression results show that bank profitability, loan quality, listing status, and state-controlled ownership have a positive effect on the level of customer deposits, while bank liquidity, average interest rate, and global financial crisis negatively affect the level of customer deposits. According to these results, commercial banks should focus on developing benefits for depositors and strategies to build customer trust and confidence to increase the level of customer deposits. The findings also imply the positive role of deposit insurance and the State Bank, together with the government, in mobilizing deposits from customers. Our study provides reliable empirical evidence of the impact of state-controlled ownership, stock listing, and global financial crisis on the level of customer deposits. Bank managers and other stakeholders attract deposits from customers, and the findings add to the evidence for developing related theories.
{"title":"Factors affecting the level of customer deposit: the case of commercial banks in Vietnam","authors":"Vinh Le, Quang Pham, T. Bui, Phuong Nguyen","doi":"10.38203/jiem.023.1.0061","DOIUrl":"https://doi.org/10.38203/jiem.023.1.0061","url":null,"abstract":"This study aims to evaluate the factors affecting the level of customer deposits in Vietnamese commercial banks. The research sample includes 25 banks from 2009 to 2021. The secondary data were collected from the audited financial statements of banks and the statistical information of the Hanoi and Ho Chi Minh Stock Exchanges. The regression results show that bank profitability, loan quality, listing status, and state-controlled ownership have a positive effect on the level of customer deposits, while bank liquidity, average interest rate, and global financial crisis negatively affect the level of customer deposits. According to these results, commercial banks should focus on developing benefits for depositors and strategies to build customer trust and confidence to increase the level of customer deposits. The findings also imply the positive role of deposit insurance and the State Bank, together with the government, in mobilizing deposits from customers. Our study provides reliable empirical evidence of the impact of state-controlled ownership, stock listing, and global financial crisis on the level of customer deposits. Bank managers and other stakeholders attract deposits from customers, and the findings add to the evidence for developing related theories.","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":"49 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83659844","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.38203/jiem.023.1.0057
N. Nguyen, Tien Dao, H. Nguyen
This study aims to identify the role of exports in improving the productivity of small- and medium-sized enterprises (SMEs) in Vietnam. We exploit the firm-level panel dataset from the Vietnam SME Survey between 2009 and 2014. This remarkable period occurred two years after Vietnam’s accession to the World Trade Organization. Hence, for the first time, the learning-by-exporting hypothesis was tested for a case study of SMEs in developing countries in the context of international trade integration, such as Vietnam. By applying the propensity score matching method, our results are as follows. First, we find strong evidence that SMEs in Vietnam could improve their productivity when exporting during the studied period. Second, exports have a significant impact on the productivity of SMEs in non-municipal areas of Vietnam. Based on these findings, policy recommendations are suggested for stimulating the productivity of SMEs in developing countries. In particular, SMEs in non-municipal provinces might need more favorable policies to boost export activities.
{"title":"On the revision of detecting learning-by-exporting: empirical evidence from the small- and medium-sized enterprises in Vietnam","authors":"N. Nguyen, Tien Dao, H. Nguyen","doi":"10.38203/jiem.023.1.0057","DOIUrl":"https://doi.org/10.38203/jiem.023.1.0057","url":null,"abstract":"This study aims to identify the role of exports in improving the productivity of small- and medium-sized enterprises (SMEs) in Vietnam. We exploit the firm-level panel dataset from the Vietnam SME Survey between 2009 and 2014. This remarkable period occurred two years after Vietnam’s accession to the World Trade Organization. Hence, for the first time, the learning-by-exporting hypothesis was tested for a case study of SMEs in developing countries in the context of international trade integration, such as Vietnam. By applying the propensity score matching method, our results are as follows. First, we find strong evidence that SMEs in Vietnam could improve their productivity when exporting during the studied period. Second, exports have a significant impact on the productivity of SMEs in non-municipal areas of Vietnam. Based on these findings, policy recommendations are suggested for stimulating the productivity of SMEs in developing countries. In particular, SMEs in non-municipal provinces might need more favorable policies to boost export activities.","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":"60 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86031642","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.34104/ijma.023.0024032
The purpose of this paper is to predict the financial position and possibility of the ceramic industry in Bangladesh. This paper uses Altman’s Original Z-Score model for predicting the financial status of the companies. The study begins with a literature review of secondary data from articles, annual reports, periodicals, newspapers, and previous research papers, and the data was collected from the industry’s annual reports published on their websites. It investigated a total of 60 annual reports during the twelve years of the five ceramic industries namely; RAK, Shinepukur, Monno, Standard, and Fu-Wang ceramic which are listed in the Dhaka and Chittagong Stock Exchange Limited. The results showed that RAK, Fu-Wang, and Standard ceramics had a mean score greater than 2.99(safe zone) in about (75%), (41.67%), and (25%) of the year respectively. Among them, the rest of the two companies failed to reach the safe zone. On the other hand, in the grey area, the highest rate was 66.67% with Monno, and Standard ceramics at 50%. In contrast, the lowest rate was in the RAK ceramics. The percentage in the grey area denotes the moderate financial position of a company. Interestingly, the highest score in the distress zone was 33.33% with Shinepukur. And in none of the years, has Shinepukur reached the safe zone. In the distress area, RAK had the lowest rate 16.67% among the five companies. Overall, in total, 28.33% of the year, Z-score reached the safe zone, of which 37% had in the Grey Zone, and 34.6% had in the distress zone.
{"title":"Application of Altman’s Z-Score Model in Predicting Financial Distress of the Ceramic Industry: Evidence from Bangladesh","authors":"","doi":"10.34104/ijma.023.0024032","DOIUrl":"https://doi.org/10.34104/ijma.023.0024032","url":null,"abstract":"The purpose of this paper is to predict the financial position and possibility of the ceramic industry in Bangladesh. This paper uses Altman’s Original Z-Score model for predicting the financial status of the companies. The study begins with a literature review of secondary data from articles, annual reports, periodicals, newspapers, and previous research papers, and the data was collected from the industry’s annual reports published on their websites. It investigated a total of 60 annual reports during the twelve years of the five ceramic industries namely; RAK, Shinepukur, Monno, Standard, and Fu-Wang ceramic which are listed in the Dhaka and Chittagong Stock Exchange Limited. The results showed that RAK, Fu-Wang, and Standard ceramics had a mean score greater than 2.99(safe zone) in about (75%), (41.67%), and (25%) of the year respectively. Among them, the rest of the two companies failed to reach the safe zone. On the other hand, in the grey area, the highest rate was 66.67% with Monno, and Standard ceramics at 50%. In contrast, the lowest rate was in the RAK ceramics. The percentage in the grey area denotes the moderate financial position of a company. Interestingly, the highest score in the distress zone was 33.33% with Shinepukur. And in none of the years, has Shinepukur reached the safe zone. In the distress area, RAK had the lowest rate 16.67% among the five companies. Overall, in total, 28.33% of the year, Z-score reached the safe zone, of which 37% had in the Grey Zone, and 34.6% had in the distress zone.","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":"27 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81881666","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.38203/jiem.023.1.0059
Nhung Le
This study uses a spatial econometric model to evaluate the impact of transportation capital and provincial competitiveness on economic growth in Vietnam. Data from 63 provinces and cities in Vietnam were collected between 2010 and 2017. The results reveal that both direct and indirect effects of transportation capital are positive and statistically significant, and that the spillover effect is strong. On average, a 1% increase in the transport capital of a province directly contributes to the province’s GDP increase to 0.03%, and a 1% increase in the transport capital of all 62 other provinces indirectly contributes to the GDP increase of the remaining province to 0.242%. The results confirm the high efficiency of synchronous investments in the transport infrastructure. In addition, the study points to the necessity of improving labor quality, which is closely related to the services provided by the provincial government: general education, vocational training, and employment service growth.
{"title":"Spillover effects of transportation capital and provincial competitiveness on economic growth in Vietnam","authors":"Nhung Le","doi":"10.38203/jiem.023.1.0059","DOIUrl":"https://doi.org/10.38203/jiem.023.1.0059","url":null,"abstract":"This study uses a spatial econometric model to evaluate the impact of transportation capital and provincial competitiveness on economic growth in Vietnam. Data from 63 provinces and cities in Vietnam were collected between 2010 and 2017. The results reveal that both direct and indirect effects of transportation capital are positive and statistically significant, and that the spillover effect is strong. On average, a 1% increase in the transport capital of a province directly contributes to the province’s GDP increase to 0.03%, and a 1% increase in the transport capital of all 62 other provinces indirectly contributes to the GDP increase of the remaining province to 0.242%. The results confirm the high efficiency of synchronous investments in the transport infrastructure. In addition, the study points to the necessity of improving labor quality, which is closely related to the services provided by the provincial government: general education, vocational training, and employment service growth.","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":"1 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80372223","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.38203/jiem.023.1.0063
Nam Nguyen Danh, L. Uong
This study investigates the influence of personality traits on positivity at work and officer performance at the district-level administrative agency in Hanoi. Based on the information obtained from 420 officers, the structural equation model was adopted to assess the impact of the Big Five model of personality on positivity at work and job performance. The results showed a positive relationship between personality traits, positivity at work, and job performance. At the same time, positivity at work positively impacts officers’ job performance. These findings suggest recommendations for district-level administrative agencies to enhance positivity at work and improve officers’ performance. This paper provides empirical evidence of the role of the Big Five model of personality. In addition, this study can serve as a reference for further research on organizational behavior in both public and private organizations.
{"title":"The impact of personality traits on positivity at work and job performance of officers – An empirical investigation at the district-level administrative agency in Hanoi","authors":"Nam Nguyen Danh, L. Uong","doi":"10.38203/jiem.023.1.0063","DOIUrl":"https://doi.org/10.38203/jiem.023.1.0063","url":null,"abstract":"This study investigates the influence of personality traits on positivity at work and officer performance at the district-level administrative agency in Hanoi. Based on the information obtained from 420 officers, the structural equation model was adopted to assess the impact of the Big Five model of personality on positivity at work and job performance. The results showed a positive relationship between personality traits, positivity at work, and job performance. At the same time, positivity at work positively impacts officers’ job performance. These findings suggest recommendations for district-level administrative agencies to enhance positivity at work and improve officers’ performance. This paper provides empirical evidence of the role of the Big Five model of personality. In addition, this study can serve as a reference for further research on organizational behavior in both public and private organizations.","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":"8 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86044635","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.38203/jiem.023.1.0064
L. D. Bui, H. T. Nguyen
This study examines the factors influencing the decision to outsource logistics services of small- and medium-sized enterprises (SMEs). The Cronbach’s Alpha test, exploratory factor analysis, confirmatory factor analysis, and structural equation modeling were employed to analyze data collected from 204 Vietnamese SMEs in the export of agricultural products, seafood, and textile industries. The results show that the motivation to reduce costs and the characteristics of service providers have the most significant impact on these enterprises’ decisions to outsource logistics services. Moreover, outsourcing strategy also affects logistics outsourcing decisions. Based on the results, this study provides recommendations for logistics service providers to attract customers and advise SMEs on the decision-making process to outsource or operate logistics activities themselves.
{"title":"Factors influencing the decision to outsource logistics services of SMEs in Vietnam","authors":"L. D. Bui, H. T. Nguyen","doi":"10.38203/jiem.023.1.0064","DOIUrl":"https://doi.org/10.38203/jiem.023.1.0064","url":null,"abstract":"This study examines the factors influencing the decision to outsource logistics services of small- and medium-sized enterprises (SMEs). The Cronbach’s Alpha test, exploratory factor analysis, confirmatory factor analysis, and structural equation modeling were employed to analyze data collected from 204 Vietnamese SMEs in the export of agricultural products, seafood, and textile industries. The results show that the motivation to reduce costs and the characteristics of service providers have the most significant impact on these enterprises’ decisions to outsource logistics services. Moreover, outsourcing strategy also affects logistics outsourcing decisions. Based on the results, this study provides recommendations for logistics service providers to attract customers and advise SMEs on the decision-making process to outsource or operate logistics activities themselves.","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":"266 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73875169","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.38203/jiem.023.1.0062
Ha Van Nguyen, Diem-Phuc Thi Vu, Giang Huong Pham, Huong-Giang Thi Phan, Khanh Gia Le
While investigating the financial implications of corporate social responsibility (CSR) is important for all kinds of enterprises, such an examination is crucial for firms operating in the banking industry given their essential role in boosting economic development in any nation. Therefore, this study aims to examine the relationship between CSR and financial performance in a sample of banks in Australia and Vietnam. Content analysis was employed to evaluate CSR information and multivariate regressions were used to assess the financial effects of CSR practices. The research findings show a significantly positive association between CSR and financial performance. Moreover, this positive relationship is more pronounced among Vietnamese banks than among their Australian counterparts. Our empirical evidence remains unchanged in a battery of robustness tests. Consequently, these findings have practical implications for commercial bank managers, policymakers, and investors.
{"title":"Corporate social responsibility and financial performance in the banking industry: a comparative study of Australia and Vietnam","authors":"Ha Van Nguyen, Diem-Phuc Thi Vu, Giang Huong Pham, Huong-Giang Thi Phan, Khanh Gia Le","doi":"10.38203/jiem.023.1.0062","DOIUrl":"https://doi.org/10.38203/jiem.023.1.0062","url":null,"abstract":"While investigating the financial implications of corporate social responsibility (CSR) is important for all kinds of enterprises, such an examination is crucial for firms operating in the banking industry given their essential role in boosting economic development in any nation. Therefore, this study aims to examine the relationship between CSR and financial performance in a sample of banks in Australia and Vietnam. Content analysis was employed to evaluate CSR information and multivariate regressions were used to assess the financial effects of CSR practices. The research findings show a significantly positive association between CSR and financial performance. Moreover, this positive relationship is more pronounced among Vietnamese banks than among their Australian counterparts. Our empirical evidence remains unchanged in a battery of robustness tests. Consequently, these findings have practical implications for commercial bank managers, policymakers, and investors.","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":"41 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89521625","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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