Journal Articles - Business and Management - 2019
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PublicationFactors affecting the decision on customers’random purchase at Co.opmart supermarket in hochiminh city, Vietnam( 2019)In the current trends, consumers have formed habits of buying at supermarkets. In addition to the purpose of buying goods according to the determined demand, customers who go to supermarkets also relax and entertain themselves out of the modern supermarkets. A restaurant system and play area, even cinemas are also built in the supermarket area. Therefore, many customers will appear their random purchase behavior when they are in the supermarket with many different causes. Random purchase behavior is considered as an important, popular and hot phenomenon in the context of the current rich commodity economy. Currently, customers' random purchase behavior - especially in supermarkets, is a study which has attracted a great deal of attention from researchers around the world over the years. They have also argued that it is an essential factor of life and that almost consumers have at least once committed this behavior. This is the suggestion for the author to choose the content: "Factors affecting the decision on customers’ random purchase at CoopMart supermarket in HCMC.
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PublicationDividend policy and earnings quality in Vietnam( 2019)Purpose – The purpose of this paper is to examine the relationship between dividend policy and earnings quality of Vietnamese listed firms. Design/methodology/approach – The sample includes firms listed on Vietnam stock exchange during the period between 2010 and 2016. Two measures of earnings quality are the annual firm-specific absolute value of residuals from Dechow and Dichev’s (2002) model and from Dechow and Dichev (2002) as modified by McNichols’s (2002) model. The firms’ dividend policy is captured by dividend paying status. This is a dummy variable that takes the value of 1 if the firm pays dividends and 0 otherwise. In addition, dividend yield and dividend payout ratio, which are continuous variables, are also used in this paper as alternative proxies for dividend policy. Findings – Using panel data analysis, this paper documents that dividend payers have higher earnings quality than dividend non-payers. Dividends are an indicator of earnings quality. These findings are consistent with prior studies. After controlling for variables that may be related to earnings quality as well as for the year and industry fixed effects, this relation remains unchanged. In addition, this result is also robust after controlling for firm fixed effects. Originality/value – This paper offers the empirical evidence on the relation between dividend policy and earnings quality in Vietnam, which is a frontier market.
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PublicationDeterminants of level of taxation: An empirical study of OECD countries from 2006 to 2016( 2019)The paper provides an empirical examination of the determinants of tax level (tax-to-GDP ratio)among OECD member countries from 2006 to 2016. Conventional regression studies of tax leveltend to focus on two sets of factors: structural (such as GDP per capita, output share ofagriculture, age dependency ratio, etc) and institutional (such as corruption, political stability, etc).The present paper employs a different approach that emphasises the role of tax policy and taxadministration in explaining tax level in developed countries. More specifi cally, it seeks todetermine the quantitative impacts of tax rate, tax compliance burden, governance, level ofeconomic development and trade openness on tax level of OECD member countries. The paper ismotivated by different considerations. First, there seems to be a lack of tax level studies focusingon developed countries. Secondly, and more importantly, most, if not all, of the determinants of taxlevel in previous studies are typically beyond the control of tax authorities, at least in the short run.It thus seems useful to include factors that are under the direct or indirect control of the taxauthorities. To this end, we note that proxies of tax rate and tax compliance burden are nowavailable in a consistent and comparable basis from the PwC and the World Banks' paneldatabase. The OECD is chosen because it is a set of developed countries with generallycomparable tax systems, especially those belonging to the European Union. Further, the OECDprovides a wide range of consistent and reliable data of member countries. The period of studyfrom 2006 to 2016 represents the longest and most recent period in which required data isavailable and comparably reliable. The dataset thus consists of 32 OECD member countries (fourcountries are excluded due to data unavailability) extending over an 11-year period from 2006 to 2016.
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PublicationQuy mô thị trường chứng khoán, thị trường tín dụng và tương tác của chúng đến tăng trưởng kinh tế tại các nước đang phát triển( 2019)"Nghiên cứu nhằm mục đích xem xét tác động giữa quy mô thị trường chứng khoán, thị trường tín dụng và tương tác của chúng đến tăng trưởng kinh tế tại các quốc gia đang phát triển trong giai đoạn 2002 – 2017 bằng phương pháp S-GMM sai phân hai bước trên mô hình bảng động. Kết quả nghiên cứu cho thấy quy mô thị trường chứng khoán, thị trường tín dụng tác động thúc đẩy tăng trưởng kinh tế, trong khi tương tác giữa chúng làm giảm tăng trưởng kinh tế. Bên cạnh đó nghiên cứu cũng cho thấy lạm phát tại các quốc gia đang phát triển còn ở mức thúc đẩy tăng trưởng kinh tế; đồng thời, công nghệ, hiệu quả chính phủ và chất lượng luật pháp tác động tích cực đến tăng trưởng kinh tế"
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PublicationPhát triển thị trường tài chính Việt Nam trong giai đoạn hiện nay( 2019)Phát triển thị trường tài chính (TTTC) lành mạnh, hiện đại, bảo đảm cơ cấu hợp lý giữa thị trường tiền tệ, thị trường vốn và thịtrường bảo hiểm, góp phần thực hiện tốt các đột phá chiến lược, cơ cấu lại nền kinh tế gắn với đổi mới mô hình tăng trưởng,nâng cao năng suất, hiệu quả và sức cạnh tranh của nền kinh tế là mục tiêu mà Chính phủ đang hướng tới. Bài viết nghiêncứu, đánh giá khách quan những thành tựu, hạn chế của TTTC; từ đó xây dựng hệ giải pháp phù hợp, thúc đẩy sự phát triểnnhanh, bền vững của TTTC trong thời gian tới