Journal Articles - Business and Management - 2021

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  • Publication
    Modeling Cascading Failures in Stock Markets by a Pretopological Framework
    ( 2020)
    Ngoc Kim Khanh Nguyen
    ;
    Marc Bui
    We introduce a computational framework, namely, a pretopological construct, for mining stock prices’ time series in order to expand a set of stocks by adding other stocks whose average correlations with the set are above a threshold. We increase the threshold with the set’s size to verify group impact in financial crises. This approach is tested by a consecutive expansion process started from a stock of Merrill Lynch & Co., and a consecutive contraction process of the rest. The test’s results and the comparison to graph theory show that our model and pretopology theory are helpful to study stock markets.
  • Publication
    Bank competition and the credit channel of monetary policy: Evidence from an emerging country
    ( 2021)
    An et al.
    Our study provides one of the first examinations in an emerging country on the credit channel of monetary policy transmission under the influence of competition. The study was conducted using a panel data of 30 joint-stock commercial banks in Vietnam in the period of 2008-2017. By applying the DGMM estimation method, we found that the existence of the influence of competition on monetary policy transmission through credit channels. The higher bank competitiveness will make monetary policy transmission via credit channels of commercial banks less effective. Large-scale commercial banks, because of a merger or equity increase, will increase their competitiveness because of increased market share, which will weaken the monetary policy transmission through credit channels. The estimation results from the two methods of competitiveness measurement-the Lerner index and the Boone index–are in a united direction but at different levels.
  • Publication
    The Impacts of Public Administrative Quality on Profitable Enterprises in Vietnam
    ( 2021)
    Bac Truong Cong
    ;
    Doan Van Hoang
    This study aims to understand the relationship between the quality of public administration and the rate of profitable enterprises by locality in Vietnam in the period 2015 - 2019. With a combined data set from two sources including The first is the Provincial Competitiveness Index (PCI) dataset jointly implemented by the Vietnam Chamber of Commerce and Industry (VCCI) with the support of the United States Agency for International Development (USAID) in Vietnam, the second is the "White Book of Vietnamese Enterprises" compiled and published annually by the General Statistics Office of Vietnam. Combined with panel data estimation method to assess the impact of public administration quality indicators on the rate of profitable enterprises by locality. Research results show that there exists a relationship between the quality of public administration and the rate of profitable enterprises. Especially the indicators of Entry Costs, Policy Bias, and Labor and Training have both positive and negative effects with very strong statistical significance.
  • Publication
    Nhận tố tác động đến việc trích nộp các khoản theo lương cho người lao động tại doanh nghiệp
    ( 2021)
    Nguyễn Thị Kim Phụng
    Kết quả là, việc chi trả các chế độ bảo hiểm cho người lao động gặp nhiều khó khăn, thậm chí nhiều lao động còn bị mất đi các quyền lợi mà đáng lẽ ra họ phải được hưởng. Nhằm góp phần bảo vệ phúc lợi có liên quan đến chế độ bảo hiểm cho người lao động, bài viết trao đổi về những nhân tố tác động đến ý thức chấp hành quy định trích nộp các khoản theo lương của các nhà quản lý doanh nghiệp. Từ đó, tác giả đề xuất một số giải pháp nhằm nâng cao ý thức chấp hành đúng các quy định của Nhà nước về việc trích nộp các khoản theo lương tại doanh nghiệp đang hoạt động tại Việt Nam.
  • Publication
    Application of Industrial Engineering Technique for Better Productivity in Garment Industry
    ( 2021)
    Nguyen Viet Tinh
    ;
    Syed Tam Husain
    ;
    Nguyen Van Thanh
    In recent years, with the strong development of the industry, it has created a competitive market. To be able to stand and survive requires businesses to create their own charisma based on the products they create must have the quality, cost and speed quickly. To do that requires businesses to have proper production strategies. Especially for the garment industry, which has a lot of waste in the production process that needs to be eliminated. This study focuses on the construction of standard time sets and standard activities to help eliminate wasted time on hand movements and time spent by workers. The result ca be used to develop the standard operation procedures of the production process.
  • Publication
    The Influence of Organizational Culture on Employees’ Satisfaction and Commitment in SMEs: A Case Study in Vietnam
    ( 2021)
    Phạm Thị Thùy Dung
    ;
    Dương Nam Tiến
    The purpose of this study is to evaluate the impact of organizational culture on job satisfaction and organizational commitment among employees in small and medium-sized enterprises in Ho Chi Minh City, Vietnam. The study hypothesized that organizational culture has a significant influence on employees’ satisfaction and that satisfaction also significantly impactsorganizational commitment among employees. The data are collected from a sample of 240 office employees. Structural Equation Modeling is used to determine the influence of organizational culture dimensions,including open working environment, salary, and rewards, empowerment, management style, corporate values, on employees’ satisfaction and organizational commitment. The findings showed that the five dimensions of organizational culture positively impact employees’ satisfaction and that job satisfaction significantly influences organizational commitment. Thus, job satisfaction serves as the bridge between organizational culture and commitment. The current study contributes to providing a practical insight into the relationships between organizational culture, employees’ job satisfaction, and organizational commitment. Based on that, managers can develop suitable personnel policies for their organizations to simultaneously enhance employees’ performance and satisfaction, which makes them stay with the company.
  • Publication
    Testing green fiscal policies for green investment, innovation and green productivity amid the COVID-19 era
    ( 2021)
    Linhao Zhao
    ;
    YunQian Zhang
    ;
    Muhammad Sadiq
    ;
    Vu Minh Hieu
    ;
    Thanh Quang Ngo
    This article measures renewable energy firm-level pure innovation efficiency, green productivity, technical efficiency, scale efficiency and total investment efficiency from micro input–output factors using Banker, Charnes and Cooper’s (BCC) data envelopment analysis (DEA) approach. Its main novelty is that it clearly explores the effective impacts of government subsidies and tax rebate policies on renewable energy firms’ investment efficiency using China’s renewable energy firm-level panel data. Our observational findings indicate that between 2001 and 2018, the aggregate degree of total investment performance from renewable energy firms rose steadily before declining. Renewable energy firms had larger ranges of total investment efficiency and size efficiency, and their levels of pure technological efficiency were both greater than 0.457%. At the 16% trust mark, current government subsidies and taxation rebates had dramatically positive effects on pure technological efficiency and total investment efficiency; additionally, government subsidies have a stronger positive impact on total investment efficiency and pure technical efficiency than taxation rebates. Furthermore, the ownership concentrations of renewable energy companies greatly encourage pure technological efficiency, size efficiency and total investment efficiency, and asset returns will significantly increase their average degree of total investment efficiency and pure technical efficiency.
  • Publication
    Các phương pháp trích khấu hao tài sản cố định theo chuẩn mực kế toán quốc tế
    ( 2021)
    Phan Minh Nguyệt
    Bài viết nghiên cứu sự khác biệt giữa Chuẩn mực kế toán quốc tế (IAS) 16 với IAS 38, cũng như quy định của Việt Nam về các phương pháp trích khấu hao, từ đó đề xuất kiến nghị áp dụng các phương pháp khấu hao phù hợp với thực tiễn Việt Nam.
  • Publication
    The impact of corporate social responsibility on the sustainable financial performance of Italian firms: mediating role of firm reputation
    ( 2021)
    Ye Feng
    ;
    Rabia Akram
    ;
    Vu Minh Hieu
    ;
    Nguyen Hoang Tien
    This research examines the impact of corporate social responsibility (CSR) dimensions (employee, customer, community, and environment) on the sustainable business performance of the manufacturing industry. Manifestly, the mediating impact of firm reputation is also analyzed between CSR and sustainable business performance. In doing so, we have collected primary data from Italian manufacturing firm’s employees using simple random sampling. Smart-PLS was used to test the reliability of the covariates and relationships among the variables. The results revealed that CSR has a positive association with firm reputation and sustainable business performance. The findings also indicated that firm reputation has a significant and positive association with sustainable business performance. Moreover, firm’s reputation plays a positive and significant mediating role between CSR and sustainable business performance. These results provide valuable recommendations.
  • Publication
    Implementing Social Customer Relationship Management in Turbulent Environments: A Dynamic Capabilities Perspective
    ( 2021)
    Vu Minh Ngo
    ;
    Quyen Phu Thi Phan
    ;
    Hieu Minh Vu
    Purpose: Despite the crucial contribution of social media on customer relationship management (CRM) strategies, how social CRM can be transformed into customer value, and economics returns for firms remain unexplored in the hospitality industry, especially in turbulent environments. As a new approach for dealing with both gradual and disruptive changes in the market, this study develops and tests the mediating role of dynamic capabilities in the social CRM - performance relationship. Methodology: Drawing on resource-based view and capabilities perspectives, a mixed methodology was applied. First, a survey was conducted to quantitatively test the proposed hypotheses using Structural Equation Modelling with PLS approach (PLS-SEM) on a sample consisting of 111 SEMs. Then, a qualitative fuzzy-set Comparative Analysis (fsQCA) was employed to look for the unique combinations of capabilities to achieve firms‟ superior performance. Findings: The outcomes indicated a mixture of expected and unexpected findings, including: (i) the direct effect of social CRM on firm‟s performance; (ii) Dynamic capabilities as the missing link between social CRM capabilities and firms‟ performance; (iii) the unique roles of social media technology use in the combinations with other capabilities for generating the best firms‟ performance. Originality: This study is among the few to consider the dynamic nature of the market when investigating how to implement Social CRM successfully. The insights and practical implications in this study can be useful for managers in SMEs whose desire is to build a dynamic system for improving customer value and firms‟ performance.
  • Publication
    The impact of corporate social responsibility on the sustainable financial performance of Italian firms: mediating role of firm reputation
    ( 2021)
    Ye Feng, Rabia Akram, Vu Minh Hieu & Nguyen Hoang Tien
    This research examines the impact of corporate social responsibility (CSR) dimensions (employee, customer, community, and environment) on the sustainable business performance of the manufacturing industry. Manifestly, the mediating impact of firm reputation is also analyzed between CSR and sustainable business performance. In doing so, we have collected primary data from Italian manufacturing firm’s employees using simple random sampling. Smart-PLS was used to test the reliability of the covariates and relationships among the variables. The results revealed that CSR has a positive association with firm reputation and sustainable business performance. The findings also indicated that firm reputation has a significant and positive association with sustainable business performance. Moreover, firm’s reputation plays a positive and significant mediating role between CSR and sustainable business performance. These results provide valuable recommendations.
  • Publication
    Entrepreneurial Leadership, Turnover Intention And Profitability Nexus
    ( 2021)
    Vũ Minh Hiếu
    This study aims to provide insights into entrepreneurial leadership among employees of Small and Medium Enterprises (SMEs) by demonstrating the relationships between entrepreneurial leadership, turnover intention and profitability. The study uses responses from 150 SMEs in Ghana relying on regression analysis techniques to test the research propositions. This study validates the assumptions that entrepreneurial leadership influence turnover intention of employees. This study also affirms that entrepreneurial leadership foster SMEs profitability. While our findings may be limited to the context examined, nonetheless this study adds to the emergent scholarship on entrepreneurial leadership. This study enriches the understanding of the entrepreneurial leadership, turnover intention, and profitability of domesticated SMEs. The absence of entrepreneurial leadership can have a negative effect on turnover intention and profitability
  • Publication
    Factors Affecting Lecturers Commitment To Their University A Study In Ho Chi Minh City, Vietnam
    ( 2021)
    Trần Đức Tài
    Resulting from the globalization, there exists the fierce competition in all of the organizations in Vietnam. In higher education, education quality is built up by many factors in which lecturers are the cornerstone for the determination and development of the education quality, organization performance and competitive advantage, especially for sustainable development. This study is to identify factors and their impacts on employment (job) satisfaction, organizational trust, and lecturer’s commitment to universities located in Ho Chi Minh City. Later, managerial recommendations and implications have been formed to the universities. Both of the qualitative method and quantitative method have been used with techniques as EFA, CFA, SEM from the 772 surveyed samples as university lecturers. The findings express job satisfaction and organizational trust impact positively on the lecturer's commitment. Additionally, the research shows its limitations by its samples the new researches
  • Publication
    Sustainability in the Business Sector: A Fuzzy Multicriteria Decision Making Model for Financial Leasing Company Selection of the Vietnamese SMEs
    ( 2021)
    Nguyễn Viết Tịnh
    The uses and management of capital is extremely important to the operation of any businesses. However, not all businesses have available capital, so the use of loans in many different forms is always an effective solution in managing corporate finance. Accompanying with businesses, many financial leasing companies have implemented products and programs to lend money to businesses with low interest rates. So, choosing the best financial leasing company is a primary concern of businesses. To increase competitiveness, financial leasing companies often offer preferential conditions to attract businesses. Choosing the best financial leasing service to leasing is important and necessary to those businesses. Thus, the selection of a financial leasing company by small and medium enterprises benefits from the application of Multicriteria Decision-Making (MCDM) methods which allows the decision maker to consider various qualitative and quantitative criteria. In this article, the author applied Fuzzy Analytical Network Process (FANP) to calculate the related criteria weights of the financial leasing company selection problem of businesses. Then, the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) is applied to rank the potential decision-making units. This research establishes one complete and efficient model for financial leasing company selection using FANP and TOPSIS methods. The proposed model is then applied into a real-world case study to demonstrate its feasibility.
  • Publication
    The Impact of Exchange Rate on Exports and Imports: Empirical Evidence from Vietnam
    ( 2021)
    Trần Quốc Khánh Cường
    The exchange rate is considered a tool improving the volume of exports and reducing imports. This paper aims to determine the impact of the exchange rate on exports and imports between Vietnam and the United States in the context of the trade war. The research uses Autoregressive Distributed Lag (ARDL) and Nonlinear Autoregressive Distributed Lag (NARDL) Model in the time-series data from 2010:1 to 2020:9. The ARDL’s results support that real exchange rate impact on export and import volumes, but less than the trade war. The trade war helps trade balance increase 0.35%, while the exchange rate increases trade balance 0.191% when the Vietnamese currency devalues 1% in the long run. In the short term, the real exchange rate makes the trade balance decrease. Therefore, the J curve exists between Vietnam and the U.S. The NARDL expresses that the exchange rate is asymmetric both in the short term and the long term. The findings of this study point to two important elements. Firstly, the exchange rate plays a minor role in exports and imports. Secondly, trade war plays a vital role in increasing exports and imports volume between two countries, and the J curve exists between the two countries
  • Publication
    Brand Building and Development for the Group of Asian International Education in Vietnam
    ( 2021)
    Trần Thị Thùy Trang
    Brand building is an important marketing activity for business organizations. It is also important for private educational institutions in Vietnam where one of the leading and dynamically developing is the Group of Asian International Education (GAIE). In this article, we introduce readers to the specific process branding, brand building and development of this unique education group in Vietnam as a role model for other private international educational institutions to refer to, to consult and to follow current track of development.
  • Publication
    Assessing the nexus mechanism between energy efficiency and green finance
    ( 2021)
    Dongyang Zhang
    ;
    Ala Eldin Awawdeh
    ;
    Muhammed Sajjad Hussain
    ;
    Quang-Thanh Ngo
    ;
    Vu Minh Hieu
    The objective of this study is to measure the energy efficiency index based on green finance data from 114 listed companies of China during 2009 to 2018 by using the slack-based data envelopment analysis (DEA) model to measure the energy efficiency and econometric estimation to measure the impact of debt and equity financing. The proposed research study purpose is to develop a comprehensive assessment financing efficiency index based on energy efficiency index. Results shows that 1% increase in equity financing increases the financing efficiency by 0.002, while bond financing is negatively associated with financing efficiency, whereas 1% rise in debt financing decreases the financing efficiency by −0.019 whereas coefficients of bank financing and market capitalization. Jilin and Shandong provinces are best-performing provinces in terms of financing efficiency, whereas the Henan and Hubei provinces are worst-performing provinces in overall sample. For every 1% increase in research and development, Jilin and Shandong reduce carbon dioxide emissions by considerable amount, respectively. The key findings indicate that banks continue to dominate the Chinese credit industry. A significance of arithmetic mean aggregation as mathematical tool and DEA to construct an eco-friendly index of Chinese have been discussed. The proposed research study highlights irregularities of data issues and to follow appropriate properties index number. The current study may fit in the broader spectrum and developing an ecofriendly index and developing the ranking index based on multiple indicators.
  • Publication
    Hiệu quả áp dụng chuẩn mực kế toán thuế thu nhập doanh nghiệp tại các doanh nghiệp trên địa bàn TPHCM
    ( 2021)
    Đào Tuyết Lan
    Nghiên cứu đánh giá các yếu tố ảnh hưởng đến hiệu quả áp dụng chuẩn mực kế toán (CMKT) thuế thu nhập doanh nghiệp (TNDN) tại các doanh nghiệp trên địa bàn TPHCM thông qua phỏng vấn trực tiếp 255 đáp viên là các đối tượng khảo sát theo phương pháp lấy mẫu thuận tiện bằng bảng câu hỏi chi tiết. Phương pháp phân tích độ tin cậy thông qua hệ số Cronbach’s Alpha và phân tích yếu tố khám phá EFA (Exploratory factor analysis) được sử dụng. Kết quả phân tích nhân tố xác định 30 biến quan sát dùng để đo lường 08 nhân tố gồm biến phụ thuộc là hiệu quả áp dụng CMKT thuế TNDN và 7 nhân tố tác động đến hiệu quả áp dụng CMKT thuế TNDN. Mặt khác, kết quả phân tích hồi quy cho thấy hiệu quả áp dụng CMKT thuế TNDN của các doanh nghiệp trên địa bàn TPHCM chịu tác động bởi 06 yếu tố theo thứ tự giảm dần bao gồm: trình độ nhân viên kế toán, hỗ trợ và tư vấn nghề nghiệp, quy mô các doanh nghiệp, hệ thống văn bản pháp luật kế toán thuế và chuẩn mực kế toán thuế, quan điểm và triết lý lãnh đạo của các doanh nghiệp và tuân thủ quy định kế toán thuế.
  • Publication
    The Relationship between Social Capital, Knowledge Sharing and Enterprise Performance: Evidence from Vietnam
    ( 2021)
    Hoàng Thành Nhơn
    ;
    Trương Công Bắc
    This study investigates the relationship between social capital and enterprise performance with knowledge sharing as the mediator. By employing the data of 677 respondents collected from delivering questionnaires to small and medium-size firms in Vietnam in 2020, this study suggests a two-step approach that combines exploration factor analysis (EFA), confirmatory factor analysis (CFA), and path analysis (SEM). The empirical findings significantly support our proposed model by demonstrating that knowledge sharing mediates the connection between all three elements of social capital and enterprise performance. At the same time, the results emphasize the importance of knowledge sharing as a major benefit of social capital and a substantial driving element of both operational and financial performance. The results show that all three social capital qualities (structural, relational, and cognitive) significantly impact both tacit and explicit knowledge sharing, while knowledge is one of the main routes connecting social capital to enterprise performance. Hence, our research model may be used in future studies to evaluate social capital, knowledge sharing, and firm performance as a new theoretical model. Our results offer a plausible explanation for how social capital improves knowledge sharing and enterprise performance.
  • Publication
    The effects of green growth, environmental-related tax, and eco-innovation towards carbon neutrality target in the US economy
    ( 2021)
    Fengsheng Chien
    ;
    Mohammed Ananzeh
    ;
    Farhan Mirza
    ;
    Abou Bakar
    ;
    Hieu Minh Vu
    ;
    Thanh Quang Ngo
    This study aims to examine the nexus between green growth and carbon neutrality targets in the context of the USA while observing the role of ecological innovation, environmental taxes, and green energy. For this purpose, data were collected from 1970 to 2015 for all the variables of interest. This research utilized the quantile autoregressive distributed lag (QARDL) method due to its various benefits, such as depicting the causality patterns based on different quantiles for different variables like green growth, ecological innovation, environmental taxes, and renewable energy. The findings through the QARDL method showed that the error correction coefficient was significant and negative with the expected negative sign for the different quantiles. The findings showed a significant and negative impact of green growth, square of green growth, ecological innovation, and environmental taxes in determining the carbon dioxide (CO2) emissions for the USA's economy under the long-run estimation. Meanwhile, the outcome for the short-term estimation confirmed that the past and lagged values of CO2 emission were significantly and negatively linked with the current and lagged values of CO2 emission. On the other hand, it was found that green growth and square of green growth, ecological innovation, environmental taxes, and renewable energy played their vital role in reducing haze pollution like PM2.5. Besides, this research also covers the limitations and policy implications.