Pub Date : 2024-04-01DOI: 10.59276/jelb.2024.04.2575
Lan Anh Nguyễn, Thị Như Nguyệt Nguyễn, Thị Thu Phương Trần
Faced with the low ability of vulnerable people to access electronic banking services in Bac Ninh, the research team surveyed of 250 vulnerable people in the province, in the period from November 2022 to January 2023, putting 237 valid survey questionnaires into testing scale reliability, EFA testing and OLS linear regression. The results have drawn 5 factors that affect the access to electronic banking services of vulnerable groups in the province, including: (1) Cost awareness, (2) Influence of state policies, (3) Ease of use, (4) Communication factor and (5) Risk awareness. Through the results of this study, the authors made recommendations to help policymakers take appropriate measures to improve access to electronic banking services of vulnerable people in Bac Ninh Province, helping vulnerable people to be more equal in access to the achievements of the technological revolution
{"title":"Improving access to e-banking services of vulnerable people in Bac Ninh province","authors":"Lan Anh Nguyễn, Thị Như Nguyệt Nguyễn, Thị Thu Phương Trần","doi":"10.59276/jelb.2024.04.2575","DOIUrl":"https://doi.org/10.59276/jelb.2024.04.2575","url":null,"abstract":"Faced with the low ability of vulnerable people to access electronic banking services in Bac Ninh, the research team surveyed of 250 vulnerable people in the province, in the period from November 2022 to January 2023, putting 237 valid survey questionnaires into testing scale reliability, EFA testing and OLS linear regression. The results have drawn 5 factors that affect the access to electronic banking services of vulnerable groups in the province, including: (1) Cost awareness, (2) Influence of state policies, (3) Ease of use, (4) Communication factor and (5) Risk awareness. Through the results of this study, the authors made recommendations to help policymakers take appropriate measures to improve access to electronic banking services of vulnerable people in Bac Ninh Province, helping vulnerable people to be more equal in access to the achievements of the technological revolution","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"562 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140780143","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 : 2024-04-01DOI: 10.59276/jelb.2024.04.2602
Thị Hương Liên Nguyễn, Thi Mai Anh Nguyen, Thị Minh Ngọc Vũ
Financial investment, typically investment in stock markets, has been of great interest to business students. The aim of this study is to identify and measure the impact of different factors that can affect the investment decisions of individual investors in the Vietnamese stock market. The data was collected in June 2023 using a convenience sampling technique on 201 students of the University of Economics and Business, Vietnam National University, Hanoi (UEB) regarding their investment decisions. The results from multivariate regression show that Neutral information exerts the strongest impact on the surveyed students’ investment decisions, followed by Market psychology, Stock information, Company image, and Financial knowledge. However, Individual financial demand is not statistically significant in the regression model. The results of this study suggest that young people should have sufficient financial knowledge and other preparations to maximize return and minimize risk when participating in the Vietnamese stock market.
{"title":"Determinants of individual investors’ investment decisions in Vietnamese Stock Market: A case study of students of University of Economics and Business, Vietnam National University, Hanoi","authors":"Thị Hương Liên Nguyễn, Thi Mai Anh Nguyen, Thị Minh Ngọc Vũ","doi":"10.59276/jelb.2024.04.2602","DOIUrl":"https://doi.org/10.59276/jelb.2024.04.2602","url":null,"abstract":"Financial investment, typically investment in stock markets, has been of great interest to business students. The aim of this study is to identify and measure the impact of different factors that can affect the investment decisions of individual investors in the Vietnamese stock market. The data was collected in June 2023 using a convenience sampling technique on 201 students of the University of Economics and Business, Vietnam National University, Hanoi (UEB) regarding their investment decisions. The results from multivariate regression show that Neutral information exerts the strongest impact on the surveyed students’ investment decisions, followed by Market psychology, Stock information, Company image, and Financial knowledge. However, Individual financial demand is not statistically significant in the regression model. The results of this study suggest that young people should have sufficient financial knowledge and other preparations to maximize return and minimize risk when participating in the Vietnamese stock market.","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"16 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140763037","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 : 2024-04-01DOI: 10.59276/jelb.2024.04.2637
Thị Thiều Dao Hạ, Chí Minh Lê
Climate change is happening rapidly and poses a significant risk to the global economy. International organizations have issued many regulations to manage and supervise climate-related financial risk (CRFR) to ensure the financial system’s safety. This paper uses the content analysis method to evaluate the CRFR monitoring framework of the State Bank of Vietnam compared with the Basel Committee on Banking Supervision. The results show that the CRFR supervision framework in Vietnam is still under development; the regulations and guidelines are not specific and not yet in line with the international framework, such as not clearly defining the responsibilities of senior management in CRFR monitoring, not providing guidance on the implementation, evaluation, and monitoring of the results of scenario analysis and stress testing on the resilience of banks to climate change, not clearly announcing the monitoring objectives and improving the quality of supervisors, and not requiring financial institutions to disclose information related to CRFR.
{"title":"Climate-related financial risk supervision framework of the State Bank of Vietnam","authors":"Thị Thiều Dao Hạ, Chí Minh Lê","doi":"10.59276/jelb.2024.04.2637","DOIUrl":"https://doi.org/10.59276/jelb.2024.04.2637","url":null,"abstract":"Climate change is happening rapidly and poses a significant risk to the global economy. International organizations have issued many regulations to manage and supervise climate-related financial risk (CRFR) to ensure the financial system’s safety. This paper uses the content analysis method to evaluate the CRFR monitoring framework of the State Bank of Vietnam compared with the Basel Committee on Banking Supervision. The results show that the CRFR supervision framework in Vietnam is still under development; the regulations and guidelines are not specific and not yet in line with the international framework, such as not clearly defining the responsibilities of senior management in CRFR monitoring, not providing guidance on the implementation, evaluation, and monitoring of the results of scenario analysis and stress testing on the resilience of banks to climate change, not clearly announcing the monitoring objectives and improving the quality of supervisors, and not requiring financial institutions to disclose information related to CRFR.","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"468 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140782153","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 : 2024-04-01DOI: 10.59276/jelb.2024.04.2588
Danh Nam Nguyễn, Thị Ngọc Lan Uông
The purpose of this study is empirical research to upgrade customer trust in e-banking platforms through practical e-banking service quality, customer satisfaction and the fear of online identity theft. Data was collected through structured questionnaires from 188 individual e-banking customers in Hanoi during the period from April to June 2023. To test hypotheses, the structural equation modeling (SEM) method was used. The findings revealed that e-service quality aspects have improved customer satisfaction and enhanced their trust, at the same time, customer trust improves as they feel their fear of identity theft diminishing. The results of this study provide useful information for commercial bank managers to consider aspects of e-banking service quality to achieve satisfaction, trust and a better understanding of the impact of fear of online identity theft on customer trust in the context of online identity theft increased in Vietnam.
{"title":"Customer’ trust on e-banking services in the online identity theft context- An empirical study in Hanoi","authors":"Danh Nam Nguyễn, Thị Ngọc Lan Uông","doi":"10.59276/jelb.2024.04.2588","DOIUrl":"https://doi.org/10.59276/jelb.2024.04.2588","url":null,"abstract":"The purpose of this study is empirical research to upgrade customer trust in e-banking platforms through practical e-banking service quality, customer satisfaction and the fear of online identity theft. Data was collected through structured questionnaires from 188 individual e-banking customers in Hanoi during the period from April to June 2023. To test hypotheses, the structural equation modeling (SEM) method was used. The findings revealed that e-service quality aspects have improved customer satisfaction and enhanced their trust, at the same time, customer trust improves as they feel their fear of identity theft diminishing. The results of this study provide useful information for commercial bank managers to consider aspects of e-banking service quality to achieve satisfaction, trust and a better understanding of the impact of fear of online identity theft on customer trust in the context of online identity theft increased in Vietnam.","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"269 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140783641","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 : 2024-03-01DOI: 10.59276/jelb.2024.03.2595
Bích Ngân Nguyễn
The digital transformation project in the banking sector has provided impetus for Vietnam’s commercial banks to vigorously implement digital-based business products, one of which is digital lending. Therefore, the State Bank of Vietnam issued Circular 06/2023/TT-NHNN on June 28, 2023, with the aim of establishing a legal framework for this lending activity. This study is based on the synthesis of information disclosed by central banks and monetary authorities of various countries, including China, India, and Singapore regarding the management of digital lending in commercial banks. Drawing from international experiences, the author provides recommendations for state management to effectively regulate digital lending in Vietnamese commercial banks.
{"title":"International experience in management digital lending of commercial banks","authors":"Bích Ngân Nguyễn","doi":"10.59276/jelb.2024.03.2595","DOIUrl":"https://doi.org/10.59276/jelb.2024.03.2595","url":null,"abstract":"The digital transformation project in the banking sector has provided impetus for Vietnam’s commercial banks to vigorously implement digital-based business products, one of which is digital lending. Therefore, the State Bank of Vietnam issued Circular 06/2023/TT-NHNN on June 28, 2023, with the aim of establishing a legal framework for this lending activity. This study is based on the synthesis of information disclosed by central banks and monetary authorities of various countries, including China, India, and Singapore regarding the management of digital lending in commercial banks. Drawing from international experiences, the author provides recommendations for state management to effectively regulate digital lending in Vietnamese commercial banks.","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"22 S8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140401478","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 : 2024-03-01DOI: 10.59276/jelb.2024.03.2608
Hải Trung Lê
The article proposes measuring the financial cycles of Vietnam using the spectral analysis method. This method determines financial cycle dynamics based on the simultaneous fluctuations of financial indicators, allowing its frequency and magnitude to vary over time, as opposed to remaining fixed as in traditional methods. The results indicate that Vietnam’s financial cycles from 2010Q1 to 2023Q3 exhibit significant volatility, with both frequency and amplitude of fluctuations increasing over time. The expansion and contraction phases of financial cycles are closely linked to economic fluctuations. Within the financial cycle components, the credit cycle has a lower frequency compared to the bond and stock market cycles, yet it significantly influences the overall financial cycle’s dynamics
{"title":"Measurement of Vietnamese financial cycles: An application of Spectral Analysis","authors":"Hải Trung Lê","doi":"10.59276/jelb.2024.03.2608","DOIUrl":"https://doi.org/10.59276/jelb.2024.03.2608","url":null,"abstract":"The article proposes measuring the financial cycles of Vietnam using the spectral analysis method. This method determines financial cycle dynamics based on the simultaneous fluctuations of financial indicators, allowing its frequency and magnitude to vary over time, as opposed to remaining fixed as in traditional methods. The results indicate that Vietnam’s financial cycles from 2010Q1 to 2023Q3 exhibit significant volatility, with both frequency and amplitude of fluctuations increasing over time. The expansion and contraction phases of financial cycles are closely linked to economic fluctuations. Within the financial cycle components, the credit cycle has a lower frequency compared to the bond and stock market cycles, yet it significantly influences the overall financial cycle’s dynamics","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"68 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140286714","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 : 2024-03-01DOI: 10.59276/jelb.2024.03.2623
Van Dat Luong, Thị Cẩm Thủy Nguyễn, Nhật Minh Nguyễn, Thị Minh Anh Đỗ
This paper investigates the impact of government contracts on trade credit using World Bank Enterprise Surveys with 45.690 observations of 105 countries, from 2006 to 2020. By using the Pool OLS model, empirical results demonstrate that government contracts have a negative impact on trade credit. The negative relationship between government contracts and trade credit can be explained through two channels: the direct channel from the characteristics of government contracts and the indirect channel through the signaling role of public procurement. These findings have important policy implications for Vietnam: Contracting with the government helps businesses reduce their dependence on trade credit by switching to other cheaper financing sources, especially for enterprises whose financial statements are certified by external auditors or enterprises with foreign investment.
本文利用世界银行企业调查（World Bank Enterprise Surveys）对 105 个国家（2006 年至 2020 年）的 45 690 个观测值，研究了政府合同对贸易信贷的影响。通过使用 Pool OLS 模型，实证结果表明政府合同对贸易信贷有负面影响。政府合同与贸易信贷之间的负相关关系可以通过两个渠道来解释：政府合同特征的直接渠道和公共采购信号作用的间接渠道。这些发现对越南具有重要的政策影响：与政府签订合同有助于企业转向其他更便宜的融资渠道，从而减少对贸易信贷的依赖，尤其是那些财务报表由外部审计师认证的企业或外商投资企业。
{"title":"The impact of government contracts on trade credit and policy implications for Vietnam","authors":"Van Dat Luong, Thị Cẩm Thủy Nguyễn, Nhật Minh Nguyễn, Thị Minh Anh Đỗ","doi":"10.59276/jelb.2024.03.2623","DOIUrl":"https://doi.org/10.59276/jelb.2024.03.2623","url":null,"abstract":"This paper investigates the impact of government contracts on trade credit using World Bank Enterprise Surveys with 45.690 observations of 105 countries, from 2006 to 2020. By using the Pool OLS model, empirical results demonstrate that government contracts have a negative impact on trade credit. The negative relationship between government contracts and trade credit can be explained through two channels: the direct channel from the characteristics of government contracts and the indirect channel through the signaling role of public procurement. These findings have important policy implications for Vietnam: Contracting with the government helps businesses reduce their dependence on trade credit by switching to other cheaper financing sources, especially for enterprises whose financial statements are certified by external auditors or enterprises with foreign investment.","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"33 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140285888","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 : 2024-03-01DOI: 10.59276/jelb.2024.03.2624
Thu Trang Phạm, Thị Thu Trang Nguyễn
The aim of this research is to assess the impact of job burnout on quiet quitting in Vietnamese banks. The study employs the survey method with 405 employees from 19 banks in Vietnam from 10/2023 to 11/2023. The research results indicate that all components of job burnout, including personal burnout, workrelated burnout, and client-related burnout, positively impact quiet quitting. Among these three components, personal burnout and work-related burnout have significant influences on quiet quitting. Vietnamese banks should endeavor to mitigate job burnout across all three dimensions; nonetheless, a heightened emphasis ought to be placed on initiatives aimed at alleviating personal burnout and work-related burnout.
{"title":"The impact of job burnout on quiet quitting in Vietnamese banks","authors":"Thu Trang Phạm, Thị Thu Trang Nguyễn","doi":"10.59276/jelb.2024.03.2624","DOIUrl":"https://doi.org/10.59276/jelb.2024.03.2624","url":null,"abstract":"The aim of this research is to assess the impact of job burnout on quiet quitting in Vietnamese banks. The study employs the survey method with 405 employees from 19 banks in Vietnam from 10/2023 to 11/2023. The research results indicate that all components of job burnout, including personal burnout, workrelated burnout, and client-related burnout, positively impact quiet quitting. Among these three components, personal burnout and work-related burnout have significant influences on quiet quitting. Vietnamese banks should endeavor to mitigate job burnout across all three dimensions; nonetheless, a heightened emphasis ought to be placed on initiatives aimed at alleviating personal burnout and work-related burnout.","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"53 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140286778","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 : 2024-03-01DOI: 10.59276/jelb.2024.03.2647
Thành Hưng Nguyễn, Thị Xuân Anh Trần, Đức Nguyên Khôi Bach
Development of corporate voluntary pension funds at Vietnamese enterprises are contributed to enhancing financial security and the development of the Vietnamese pension system. The research has developed criterias and conducted qualitative and quantitative analysis of available data to evaluating the current status of corporate voluntary pension fund (VPF) development in Vietnam in period 2016- 2022. The research results show that voluntary pension fund assets follow the GDP growth trend but at a higher growth rate; coverage, level of increase in coverage, new participants and new participation fee revenue of the corporate VPF are not significant; the investment portfolio is not yet diverse and the investment return rate of corporate VPF is gradually decreasing each year. From there, limitations have been pointed out, base on, proposing and recommend solutions to develop the corporate VPF system in Vietnam.
越南企业自愿养老基金的发展有助于加强越南养老金制度的财务安全和发展。研究制定了标准，并对现有数据进行了定性和定量分析，以评估 2016-2022 年越南企业自愿养老基金（VPF）的发展现状。研究结果表明，自愿养老基金资产跟随 GDP 增长趋势，但增长率较高；企业自愿养老基金的覆盖面、覆盖面增加水平、新参保人和新参保费收入并不显著；投资组合尚未多样化，企业自愿养老基金的投资回报率逐年下降。在此基础上，指出了越南企业自愿参保基金制度发展的局限性，提出并建议了解决方案。
{"title":"Developing Corporate Voluntary Pension Fund in Vietnam","authors":"Thành Hưng Nguyễn, Thị Xuân Anh Trần, Đức Nguyên Khôi Bach","doi":"10.59276/jelb.2024.03.2647","DOIUrl":"https://doi.org/10.59276/jelb.2024.03.2647","url":null,"abstract":"Development of corporate voluntary pension funds at Vietnamese enterprises are contributed to enhancing financial security and the development of the Vietnamese pension system. The research has developed criterias and conducted qualitative and quantitative analysis of available data to evaluating the current status of corporate voluntary pension fund (VPF) development in Vietnam in period 2016- 2022. The research results show that voluntary pension fund assets follow the GDP growth trend but at a higher growth rate; coverage, level of increase in coverage, new participants and new participation fee revenue of the corporate VPF are not significant; the investment portfolio is not yet diverse and the investment return rate of corporate VPF is gradually decreasing each year. From there, limitations have been pointed out, base on, proposing and recommend solutions to develop the corporate VPF system in Vietnam.","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"141 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140404756","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 : 2024-03-01DOI: 10.59276/jelb.2024.03.2675
Nam Giang Đào
This paper examines effect of changes in regulations on corporate governance in Vietnam on accounting quality in the aspect of relationship between earnings and share prices. After financial scandals, many countries have tightened legal regulations on corporate governance. In Vietnam, important legal regulations on corporate governance, including Security Law, Enterprise Law and Regulations on disclosure of information by listed companies, have been amended or issued in 2019-2020 and being effective from January 1, 2021. However, with a sample of approximate 300 Vietnamese listed companies in 2 years (2020- 2021), regression results reveal that there is no evidence for the changes in value relevance (relationship between earnings and stock price) in the period after the newly issued legal documents took effect. The evidence provided in this paper is consistent with some previous studies in developing countries and supports for the recommendation that each country should take consideration of its legal and cultural characteristics in adopting Westen corporate governance practices. This result is also useful for evaluating the effectiveness of the changes in CG regulations.
{"title":"Effect of changes in regulations on corporate governance on value relevance of listed companies in Vietnam","authors":"Nam Giang Đào","doi":"10.59276/jelb.2024.03.2675","DOIUrl":"https://doi.org/10.59276/jelb.2024.03.2675","url":null,"abstract":"This paper examines effect of changes in regulations on corporate governance in Vietnam on accounting quality in the aspect of relationship between earnings and share prices. After financial scandals, many countries have tightened legal regulations on corporate governance. In Vietnam, important legal regulations on corporate governance, including Security Law, Enterprise Law and Regulations on disclosure of information by listed companies, have been amended or issued in 2019-2020 and being effective from January 1, 2021. However, with a sample of approximate 300 Vietnamese listed companies in 2 years (2020- 2021), regression results reveal that there is no evidence for the changes in value relevance (relationship between earnings and stock price) in the period after the newly issued legal documents took effect. The evidence provided in this paper is consistent with some previous studies in developing countries and supports for the recommendation that each country should take consideration of its legal and cultural characteristics in adopting Westen corporate governance practices. This result is also useful for evaluating the effectiveness of the changes in CG regulations.","PeriodicalId":517624,"journal":{"name":"Tạp chí Kinh tế - Luật và Ngân hàng","volume":"65 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140407422","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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