• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.779-788
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• 2020

Commercial banks play an important role as the main source of funding in the transition process of Vietnam as a market economy. As a result, enhancing the efficiency and productivity of Vietnamese banks can decrease the lending cost for individuals and enterprises. This study is to measure and analyze the productivity change of Vietnamese banking system in different ownership cohorts and sources of this change during the period of restructuring (2011-2019). The Hicks-Moorsteen total factor productivity index is utilised to measure the productivity change and to identify the sources of this change. For an empirical analysis, the data of 28 Vietnamese commercial banks from 2011 to 2018 is collected from their financial statements including balance sheets and income statements. The results show an increase of Vietnamese bank productivity due to the technological progress. While foreign and joint-venture banks are the most advanced cohort, state-owned banks have the lowest rate of productivity growth. The restructuring program negatively impacts scale efficiency and this measure attributes to a decline in the overall efficiency of the banks. We also found that state-owned commercial banks are the most efficient group in the sense that they can achieve the maximal level of revenue from a given amount of expense.

• The Journal of Asian Finance, Economics and Business
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• 제8권2호
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• pp.635-641
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• 2021

This article analyzes the factors affecting income inequality in Vietnam, with data from 63 provinces and cities collected from the Vietnam Household Living Standards Survey of the General Statistics Office of Vietnam from 2010 to 2018. The article will firstly build a research model to identify factors affecting income inequality. Then, it uses the Generalized Method of Moments (GMM) method to evaluate the effect of factors on income inequality in Vietnam. The empirical estimate result shows that, in the period from 2010 to 2018, the factors such as the proportion of the working employees, income per capita, and inflation have positive effects on the Gini coefficient. That is, when these factors increase, there will be negative effects on improving income inequality in Vietnam. Conversely, when the factors such as the proportion of the literate adults, the proportion of the urban population, and population density increase they will have a positive impact on improving income inequality in Vietnam during this period. The estimated coefficients satisfied the sign expectation except the proportion of the literate adults. It means that, in Vietnam, the increase and more equilibrium in educational attainment balance the distribution of income and bring an improvement in income inequality.

• The Journal of Asian Finance, Economics and Business
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• 제8권2호
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• pp.289-295
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• 2021

This study investigates the role of corporate governance in the dividend decision of 198 non-financial companies listed on the Colombo Stock Exchange of Sri Lanka, over the period from 2009 to 2016. Four corporate governance indicators are used in this study; managerial ownership, the board size, board independence, and CEO duality. Furthermore, this study considers three control variables such as profitability, firm size, and corporate tax. This study employed the Generalized Method of Moments (GMM) model to estimate the regression models on panel data study. The major contribution of this study is exploring the insight into the effect of corporate governance factors on dividend decisions. The results of the study revealed that managerial ownership showed a significant positive impact on the dividend payout ratio. Board size showed a significant positive influence on the dividend payout ratio. Board independence negatively but significantly influenced the dividend payout ratio. CEO duality showed an insignificant negative impact on the dividend payout ratio. In the framework of these CG indicators, Sri Lankan listed firms are recommended to have dispersed ownerships, large Board size and maintain a balance of power and authority by separating the individual who is assuming the position of the CEO from the Chairperson of the Board and maintain at least two independent directors.

• 한국경제지리학회지
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• 제15권4호
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• pp.534-549
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• 2012

본 연구는 2011년 가계금융조사 자료를 이용하여 주택자산이 자산 감축기에 진입한 60세 이상 고령자가구의 재정수지에 미치는 영향을 순서화된 로짓모형으로 분석하였다. 인적 사회적 특성 변수들 중에 연령, 임금근로자, 고졸이상의 학력, 수익성을 선호하는 금융투자성향 등의 변수들은 가구의 재정수지에 정(+)의 효과를 미치지만 가구원수, 미은퇴가구의 은퇴준비가 부족한 경우 등은 부정적인 영향을 미쳤다. 주거특성 변수에서는 아파트와 수도권 거주가 부정적인 영향을 미치는 한편, 주택자산을 소유하는 것은 긍정적인 영향을 미쳐 주거비용이 가계수지에 영향을 미치고 있음을 보여주고 있다. 경제적 능력과 재무특성 변수들 중에 경상소득, 금융자산의 비중은 긍정적인 영향을 미치지만, 금융부채와 소득과의 관계를 나타내는 DSR은 가구의 재정수지를 악화시키고 있는 것으로 나타났다. 총자산에서 주택자산이 차지하는 비중은 부정적인 영향을 미치는 것으로 나타나 주택소유와 상반된 결과를 보여주고 있다. 이는 주택이 가지는 소비재와 투자재의 양면성에서 비롯되는 것으로 보인다. 주택이외 기타 부동산의 경우 총자산에서 차지하는 비중은 물론 소유자체도 가계수지에 부정적인 영향을 미치고 있다. 주택자산 소유가구와 기타부동산자산 소유가구 모두 자산대비 금융부채비율이 가계수지를 악화시키는 것으로 나타나 대출을 이용한 부동산구입은 가계를 위험에 빠뜨릴 수 있다는 것을 시사하고 있다.

• The Journal of Asian Finance, Economics and Business
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• 제5권2호
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• pp.25-33
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• 2018

In the globalization and free trade era, the current account deficit problem is a common phenomenon experienced by most countries, both developing and developed countries. Also with managed floating regime of exchange rate, it becomes very important to analyze the dynamics of current account balance which determine the trade. The deficit condition has lasted for four years in Indonesia, as well the deficit value above the value of the surplus that has been experienced during the period 2005-2011. This study is firstly aim to examine the condition of the deficit which happens in the export and import, manufactured goods and oil and gas, whether related to the transaction of goods and services. We try to build a predicted model which near the actual. Then, the focuses examines an exchange rate volatility impact on current account deficit. The model used in this research is a simultaneous model of Indonesia current account deficit from 2005 to 2014. The simulation result indicated that depreciation increase surplus to current account deficit. The decrease of export manufactured goods (non oil and gas) higher than the increase of import. For the oil and gas sector, depreciation of the rupiah against the US dollar results in an increased burden of higher oil and gas imports due to import transactions.

• The Journal of Asian Finance, Economics and Business
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• 제7권8호
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• pp.495-507
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• 2020

The paper examines the determinants of employee engagement in the not-for-profit organization (NFPO) sector. A structured questionnaire survey of 205 NFPO employees in Vietnam was employed, preceded by in-depth interviews with NFPO associates and managers. After a multiple regression analysis to study the impact of five independent variables on one dependent variable, the study reveals that Work design and Work-life balance are positively and significantly associated with employee engagement. Of which, Work design is measured by the level of job fit, job autonomy, job challenge, and job meaningfulness. On the other hand, Work-life balance involves measurement aspects consisting of how reasonable the workload is and organizational support. Meanwhile, different from the business world, Leadership, Learning and Development, and Recognition do not show statistically positive impacts on employee engagement in NFPOs. Still, they are crucial back-supporting factors to ensure employee experience at work. Further, the study finds that personal growth contributes a great part to keep employees in the sector motivated. This paper brings the area of study to the forefront in an effort to benefit the practice of human resources management in NFPOs as well as support employees in the sector with a higher quality working experience.

• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.281-290
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• 2020

Given the rise in international tourism and the rapid growth of the Vietnamese economy, the hospitality industry in Ho Chi Minh City, Vietnam's commercial hub, has been facing severe labor shortages due to competition with other fast-growing parts of the economy. These struggles to acquire high-quality employees is strangling future growth and placing new importance on the role of recruitment. To better understand the effectiveness of an organization's recruitment strategy, recruiters need to ascertain the Job Pursuit Intention (JPI) of job seekers to efficiently align an applicant's work notions with the organization's goals. This study aims to investigate the factors impacting on JPI among employees working in the hotel sector in Ho Chi Minh City. Secondary data are from previous studies and primary data are from consultation with 10 experts, group discussions and five in-depths structured interviews with 15 random employees and 302 survey questionnaires with employees working in three five-star hotels. Cronbach's Alpha, EFA, T-Test, ANOVA are used for statistical analysis. The findings show that compensation, career advancement, and work-life balance affect JPI of job seekers, in which compensation is the most influential factor. Furthermore, recommendations for recruiters, further research and limitations of this study have been laid out.

• The Journal of Asian Finance, Economics and Business
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• 제8권5호
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• pp.987-1000
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• 2021

The concept of 'Employer branding' (EB) - one effective and sustainable strategy to attract and retain talent - has received a lot of attention from researchers and business managers. This concept becomes more meaningful when the 'war of talent' takes place in an extremely fierce manner in Vietnam as well as around the world. However, this concept is rather new; as a result, many points related to 'EB' scales should be improved, especially in Vietnamese context. Therefore, this study focuses on developing and confirming the EB scale in the context of Vietnam. Based on EB theory, this research applies the mixed research method: qualitative methods (expert interview and group discussion) and quantitative method (questionnaire survey of 937 respondents). EB is demonstrated to be a quadratic concept, consisting of the following 10 dimensions: Corporate social responsibility (CSR), Promotion (PRO), Work-Life Balance Satisfaction (WLSA), Education (EDU), Behavior-based Family interference with work (WLBE), Travel opportunities (TRA), Time-based work interference with family (WLTI), Teamwork (GRO), Supporting (SUP), and Strain-based family interference with work (WLST) with 58 observed variables. Based on the survey towards the employees in enterprises and organizations in Vietnam, the analysis results affirm that this scale ensures efficiency, reliability, unidirectionality and convergent values.

• The Journal of Asian Finance, Economics and Business
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• 제8권7호
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• pp.313-322
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• 2021

This study aims to analyze the influence of religiosity, spiritual leadership, and work-life balance and its impact on innovative behavior through the mediating effect of employee engagement on the state-owned sharia bank of Central Java Province. The total sample of this study is 226 respondents taken from state-owned sharia bank in 6 Regencies/Cities in the former Karisedenan of Central Java. Samples are taken using a cross-sectional approach. The sampling technique is using the division of regions based on clusters (cities) and is carried out using a purposive sampling method. The results indicate that the indirect influence of all independent variables on innovative behavior through the mediating effect of employee engagement is found to be significant. This study views employee engagement from the perspective of religiosity-based social exchange theory so that religious values in the interaction relationship can be fairly applied and respected by the employees of the state-owned sharia bank. Managers can socialize the importance of spirit behavior to employees so that it can be their everyday attitude and becomes their guide for work. Leaders can become role models in straightening intentions while working as well as conditioning the conscience to always think positively at work by strengthening work engagement in sharia banking institutions.

• 한국철도학회:학술대회논문집
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• 한국철도학회 2011년도 정기총회 및 추계학술대회 논문집
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• pp.571-588
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• 2011

With the development of the technology, the usage of the car has been increased to the allowed limit of the road and has caused global warming and air pollution. Subway is good transit system with punctuality, safety and eco-friendliness, but it needs relatively much money for construction considering the needs of transit. So it is hard to balance the finance. Many developed countries have adopted advanced transit system including tram for the linking small and medium sized cities after 1980s, due to the relatively low construction cost. This paper reviews the way to increase the role of tram which is planed to be introduced to the local governments as a kind of Advanced transit system.