• The Journal of Asian Finance, Economics and Business
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• 제7권9호
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• pp.401-407
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• 2020

Earnings management behavior is the use of accounting procedures, through accounting policies, to intentionally purposeful control in the provision of information to users. The purpose of this paper is to examine the relationship between ownership structure factors and earnings management behavior of 30 Vietnamese commercial banks. The paper uses the ordinary least square method to examine this relationship and employs time series data of 15 years from 2005 to 2019. The study also uses agency theory an asymmetric information theory. The authors examined six independent variables related to the ownership structure and these variables are typical of Vietnamese commercial banks. The results of the study show that the foreign ownership ratio is an opposite effect, while the ownership concentration variable has a positive effect on earnings management behavior of Vietnamese commercial banks. Based on that, the article proposes a number of policy suggestions for the State bank of Vietnam and Board of directors of commercial banks as well as investors to identify and to limit the earnings management behaviors of Vietnamese commercial banks. This contributes to ensuring information transparency as well as improving the quality of accounting information of Vietnamese commercial banks in the coming years.

• The Journal of Asian Finance, Economics and Business
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• 제8권1호
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• pp.327-333
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• 2021

Accounting information disclosure by enterprises is important for third-party entities (suppliers, creditors, banks, regulators, etc.). Voluntary accounting information disclosure (VAID) refers to additional information related to business activities shown on the annual report above and beyond the required information about business results and financial position as well as cash flow. This supports the stakeholders gaining useful information to make proper business decisions. The article examines the influence of ownership structure on the voluntary accounting information disclosure of the top 100 Vietnamese listed companies (VN100). Data collected by authors on regular annual reports totaled 425 observations from 2015 to 2019. The article uses OLS to test multivariate regression models with time-series data. The research results show that there are three variables affecting voluntary accounting information disclosure, of which foreign ownership and institution ownership have a positive impact, while concentration ownership has an opposite impact. Accordingly, the managers of VN100 should raise awareness in order to demonstrate the obligation of information providers to users to ensure clarity and completeness. The state agencies should encourage VN100 to enhance voluntary accounting information disclosure. This contributes to improve the information level of Vietnamese listed companies to embrace the trend of international economic integration.

• 유통과학연구
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• 제18권5호
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• pp.5-13
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• 2020

Purpose: The aim of this article is to test the link between growth of loan distribution and Bank Valuation in Vietnam's banking sector. At the same time, the study also compared the differences in the effect of growth of loan to valuation bank in banks of different sizes, ownership rates and bank values. Research design, data and methodology: With panel data estimation techniques along with robust standard error for a sample of the banks listed on Vietnam stock exchange from 2012 to 2019. Results: Growth of loan has a positive impact on Bank Valuation (by Tobin's Q). A closer investigation provides evidence for the differential valuation effect of loan growth depending on different features of banks. Specifically, loan growth is found positively and significantly associated with Bank Valuation in small and non-state-owned banks only. Besides, bank size, deposit, and return on equity are found negatively associated with Tobin's Q, while loan loss provisions exhibit a positive relation with this measure of Bank Valuation. Conclusions: These findings provide contributions to the literature on the existence of the effect of loan growth on Bank Valuation. At the same time, the study also provides practical implications for policy makers in banks and investors.

• 지식경영연구
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• 제14권1호
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• pp.57-72
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• 2013

This paper examines the relationships between the Korean government-owned banks and the firm performance. We investigates this empirical analysis using a data set containing virtually all Korean publicly listed firms for the period of 2004-2006. We find the negative relationships between government-owned banks and firm performance. The strong relationships between the Korean government-owned banks and the Korean listed firms may lower firm performance. The Hold up costs may be present in the government-owned bank relationships. The government-owned bank relationships in the Korean listed firms may could shape the negative management decisions and firm performance. On the lines of concerns on the impact of government banks, this paper will provide new evidences on the impact of government-ownership of banks on the Korean Economy. Particularly, empirical analyses in this paper revealed new evidences on the recent firm-bank relationship or government banks researches.

• 국제지역연구
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• 제16권3호
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• pp.99-118
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• 2012

본 연구는 2000년대에 들어 한국의 은행 구조조정과 중국의 은행개혁의 성과를 비교분석해보고, 특히 중국 금융시장의 완전개방 시기를 맞아 한국 은행들의 경쟁력 존재여부 및 경쟁력 향상에 영향을 주는 요인을 도출해보고자 한다. 그리하여 본 연구는 중국의 15개 은행과 한국의 13개 은행을 대상으로 효율성을 측정하고, 은행효율성의 영향요인이 무엇인지 실증분석을 실시하였다. 연구결과와 시사점은 다음과 같다. 첫째, 국가별 효율성을 측정한 결과, 한국 상업은행들의 효율성이 중국 상업은행보다 높게 나타났지만, 중국 상업은행은 매년 증가세를 보이는 것으로 나타났다. 둘째, 은행 효율성의 영향요인이 무엇인지를 한국과 중국 전체표본으로 분석한 결과, 은행규모, 자산의 안정성, 소유권구조와 재무성과가 유의적인 것으로 나타났다. 셋째, 중국 은행효율성의 영향요인을 분석한 결과, 소유권구조, 금융중개비율, 자산의 건전성이 유의적인 요인으로 나타났다. 넷째, 한국 은행효율성의 영향요인을 분석한 결과, 재무성과와 자산의 안정성이 유의적인 요인으로 나타났다. 실증분석의 결과를 토대로 한국과 중국 은행산업의 현재 문제점을 규명할 수 있으며, 또한 한국의 은행, 정부에 은행산업에 경쟁력 향상을 위한 시사점을 제시하였다.

• 한국산학기술학회논문지
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• 제22권3호
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• pp.470-475
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• 2021

본 연구는 외국은행에서의 은행 서비스 업무 자동화가 은행 고용에 미치는 영향에 관하여 국내 은행과 어떠한 차이를 가지는 지를 분석하였다. 외국은행은 은행 자동화기기 확대에 따라 인력 구조조정 측면에서 국내은행과 유의한 차이를 보였다. 외국은행은 은행 서비스 업무 자동화에 따라 비정규직 뿐 아니라 정규직에서도 인력 구조조정을 추진할 가능성을 보인 반면, 국내은행은 은행 서비스 업무 자동화에 따라 비정규직 인력에서 구조조정 발생 가능성을 보이는데 그쳤다. 외국은행은 책임자급이상 정규직을 중심으로 인력 구조조정 가능성을 보였다는 점에서 국내은행과 유의한 차이를 보였다. 외국은행은 책임자급이하 정규직 또는 비정규직에서는 국내은행과 유의한 차이를 보이지 않았다. 본 연구는 은행 서비스 업무 자동화와 인력 구조조정 측면에서 외국은행이 국내은행과 차이를 보인다는 점을 제시함으로써 기존연구와 차별성이 있다. 또한 본 연구는 은행산업의 고용 정책, 은행 업무의 자동화, 외국은행의 차별적 경영전략 등에 대해 정책당국에 유의미한 시사점을 줄 것으로 기대된다.

• 국제지역연구
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• 제12권2호
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• pp.79-97
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• 2008

본 연구는 자료포락분석(DEA)기법을 이용하여 1999년부터 2003년까지 중국의 4대 국유상업은행과 11개의 주식제상업은행의 효율성을 측정하고, 이를 바탕으로 Tobit모형을 이용하여 은행효율성의 결정요인에 대해 실증분석을 실시하였다. 또한 WTO가입 전후 은행효율성의 결정요인에 변화가 있었는지를 살펴보았다. 분석결과, 전체적으로 자기자본비율, 소유권구조, 정보보조금이 5% 유의수준에서, 총자산이익률은 10%에서 유의적인 것으로 나타났으며, WTO가입 전후 나누어 분석한 결과, WTO가입 전에는 규모, 자기자본비율, 총자산이익률, 소유권구조 등 4개의 요인이 유의적인 것으로 나타난 반면, WTO가입 후에는 자기자본비율만이 유의적인 것으로 나타났다.

• 문화기술의 융합
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• 제5권2호
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• pp.77-82
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• 2019

본 연구는 저축은행의 소유집중도와 사업다각화 간의 관계를 분석하고자 함이 목적이다. 패널데이터를 이용하여 저축은행의 소유집중도와 사업다각화의 관계를 분석한 것은 기존연구와의 차별성이라 할 수 있다. 분석기간은 2014년부터 2018년까지이며, 79개 저축은행을 대상으로 반기 재무자료를 이용하였다. 연구모형은 자기상관 문제를 고려한 확률효과 GLS(Random effects Generalized Linear Square)모형을 이용하여 분석하였다. 분석결과, 저축은행의 지배주주지분율과 사업다각화의 관계는 유의한 양(+)의 값을 가지는 것으로 추정되었다. 즉 지배주주지분율이 증가할수록 사업다각화를 대리하는 변수인 비이자수익률이 증가하는 것으로 나타났다. 이는 위험회피가설을 지지하는 결과이며, 지배주주지분율이 높을수록 사업다각화를 통해 자신의 자산위험과 고용위험을 축소시키기 위해 적극적인 다각화 전략을 추진하는 것으로 나타났다.

• 유통과학연구
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• 제18권6호
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• pp.47-55
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• 2020

Purpose: The issue of access to credit for private enterprises has been given an increased amount of attention given their crucial role in fueling economic growth. Vietnamese small and medium-sized businesses, however, face many obstacles in accessing financing for profitable investment opportunities, with up to 70% unable to access or obtain bank loans. This paper aims to address the factors affecting the credit accessibility of Vietnamese enterprises, and provide further insights of this issue under the new context of Basel II. Research design, data and methodology: We adopt a pooled sections approach to construct a sample of 155 firm observations before and after the implementation of Basel II accord in Vietnam and employing binary logistic regression and interaction terms for data analysis. Results: We find that firm characteristics (export participation, female ownership) and proxies for bank-borrower relationship (deposit, overdraft facility) have significant and positive effects on firm's access to credit. Notably, the sign of interaction coefficient shows that the implementation of Basel II tends to benefit small-sized firms in terms of credit accessibility. Conclusions: The finding further emphasizes the important role of relationship lending in Vietnam's credit market, which is even more critical for small firms when Basel II is universally applied as the new banking standards in the coming years.

• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.219-229
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• 2020

The study investigates the factors affecting the profitability of listed commercial banks in Vietnam. Survey data for this research were collected from 10 Vietnamese listed commercial banks for the period from 2008 to 2018. In the study, we have built a model of econometric regression with the dependent variable being listed commercial banks' profitability results measured through ROA. The research methods used include descriptive statistics, IV regression and OLS regression analysis, and the authors carried out the model verification with Stata 14 software. The results showed that operating efficiency, loans size, retail loans ratio, state ownership, inflation rate, and GDP growth are factors that have a positive impact on profitability On the other hand, variables such as capital size, credit risk, liquidity risk, bank size, and revenue diversification are statistically insignificant; hence, these variables are not statistically adequate to indicate the influence of those independent variables to banks' profitability. The findings of this study suggest that the quality of assets should be considered in the context that bad debt risks come from lending heavily to the real estate sector. Meeting Basel II's capital compliance requirements is relatively difficult for small listed commercial banks compared to bigger listed commercial banks in Vietnam.