Contemporary Issues in Business and Economics
This book is a collection of high-impact papers accepted and presented at the 2019 Vietnam’s Business and Economics Research Conference (VBER2019) organised by Ho Chi Minh City Open University held on 18th–20th July 2019. The Special Issue is associated with a broad coverage of the contemporary issu...
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| Формат: | Online |
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| Мова: | Англійська |
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MDPI - Multidisciplinary Digital Publishing Institute
2021
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| Онлайн доступ: | ONIX_20210501_9783039360949_453 |
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| collection | Directory of Open Access Books |
| description | This book is a collection of high-impact papers accepted and presented at the 2019 Vietnam’s Business and Economics Research Conference (VBER2019) organised by Ho Chi Minh City Open University held on 18th–20th July 2019. The Special Issue is associated with a broad coverage of the contemporary issues in Business and Economics in Vietnam and other emerging markets reflecting a key theme of VBER2019: Vietnam’s Place in the Asia Pacific Region. A total of 14 papers were published from more than the 120 submissions to the VBER2019 Conference. Published papers had been undergone a rigorous reviewing process conducted by the Journal of Risk and Financial Management. The papers incorporated in this book address contemporary issues in business and economics from Vietnam and other emerging markets in the Asian region from various angles such as economics, finance, and statistics to management science. At the time of writing this note, some of the papers have attracted more than 1000 downloads in 3 months. In particular, a paper on “Foreign Direct Investment and Economic Growth from Developing Countries in the Short Run and Long Run” by Trang Thi-Huyen Dinh and her team has attracted almost 6000 downloads in 3 months. These statistics indicate that the papers published in this Special Issue have attracted the wide interest of readers. Among these 14 published papers, three main areas of important contemporary issues in Business and Economics in the Asian region can be identified. First, a block of papers deals with various important and fundamental issues in the emerging markets the Asian region, from exchange rate regime, financial inclusion, and financial development to energy consumption and environmental degradation. On the issue of CO2 emissions, energy consumption and economic growth in the ASEAN, Vo, Vo, and Le utilized various time series econometrics approaches. Key findings from this paper indicate that there are no long-run relationships among carbon dioxide (CO2) emissions, energy consumption, renewable energy, population growth, and economic growth in the Philippines and Thailand, but a relationship does exist in Indonesia, Myanmar, and Malaysia. Loo, in his paper on financial inclusion for the ASEAN, concluded that advancing internet capability and availability present investors an opportunity to offer financial technology or Fintech to meet the need for financial services in this digital era. Second, a challenge in quantitative studies for a single country, such as Vietnam, with limited data is generally noted. However, various empirical studies on Vietnam’s business and economics issues have been conducted. Nguyen, Quan, and Pham examined the cultural distance and entry mode of foreign direct investment in Vietnam. A key finding from their paper is that when there is a great cultural difference between Vietnam and their home country, foreign-invested firms prefer wholly owned subsidiaries over equity joint ventures. Within the Vietnamese market, Pham, Vo, Ho, and McAleer conducted a study on the issue of corporate financial distress. The authors conclude that the corporate financial distress prediction model, which includes accounting factors with macroeconomic indicators, performs much better than alternative models. In addition, the evidence confirms that the global financial crisis (GFC) had a damaging impact on each sector, with the Health & Education sector demonstrating the most impressive recovery post-GFC, and the utilities sector recording a dramatic increase in bankruptcies post-GFC. At another extreme of the spectrum, Van and Nguyen considered that competitive context, social influences, the understanding of managers about corporate social responsibility (CSR), and the internal environment of companies are the four drivers of CSR. The authors also argued that in the four drivers, competitive context has the strongest impact on adopting CSR. Third, last but not least, various papers focus on an important aspect of public finance. For an example, Pham, Pham, and Ly documented the effect of double taxation treaties on the bilateral trade of Vietnam with ASEAN member states, thereby making an extensive comparison with its EU partner countries. Their findings indicate the significant contributions of the tax treaties to Vietnam’s trade performance, not exclusively with ASEAN but also with EU partner countries. In addition, regarding public finance for Vietnam, Nguyen, Vo, Ho, and Vo investigated the contribution of fiscal decentralisation to economic growth across provinces in Vietnam. For the first time in Vietnam, the fiscal decentralisation index together its two subcomponents, including fiscal importance and fiscal autonomy, are developed. Findings from this paper indicate that while fiscal importance and an overall level of fiscal decentralisation have provided negative impact on provincial economic growth, fiscal autonomy has a positive impact on economic growth across provinces in Vietnam. |
| format | Online |
| id | doab-20.500.12854ir-68707 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | MDPI - Multidisciplinary Digital Publishing Institute |
| publisherStr | MDPI - Multidisciplinary Digital Publishing Institute |
| record_format | ojs |
| spelling | doab-20.500.12854ir-687072024-04-09T23:15:33Z Contemporary Issues in Business and Economics Chang, Chia-Lin Vo, Duc Hong fiscal autonomy fiscal decentralisation fiscal importance DGMM Vietnam performance internationalization organizational slack ASEAN CO2 emissions economic growth EKC energy consumption Granger causality VECM urbanization income inequality Driscoll and Kraay PMG agricultural commodity prices volatility crude oil prices structural vector autoregressive model impulse response functions pecking order theory trade off theory capital structure GMM listed firms industry level corporate financial distress bankruptcy distance to default fundamentals Global Financial Crisis double taxation treaty trade gravity model financial development FMOLS DOLS emerging markets corporate social responsibility textile and garment industry foreign direct investment (FDI) endogenous growth developing countries financial inclusion Fintech risk foreign direct investment competitiveness exchange rate regime Asia Reinhart and Rogoff cultural distance entry mode equity joint venture wholly owned subsidiary fiscal decentralization exchange rate Asian region thema EDItEUR::T Technology, Engineering, Agriculture, Industrial processes::TB Technology: general issues This book is a collection of high-impact papers accepted and presented at the 2019 Vietnam’s Business and Economics Research Conference (VBER2019) organised by Ho Chi Minh City Open University held on 18th–20th July 2019. The Special Issue is associated with a broad coverage of the contemporary issues in Business and Economics in Vietnam and other emerging markets reflecting a key theme of VBER2019: Vietnam’s Place in the Asia Pacific Region. A total of 14 papers were published from more than the 120 submissions to the VBER2019 Conference. Published papers had been undergone a rigorous reviewing process conducted by the Journal of Risk and Financial Management. The papers incorporated in this book address contemporary issues in business and economics from Vietnam and other emerging markets in the Asian region from various angles such as economics, finance, and statistics to management science. At the time of writing this note, some of the papers have attracted more than 1000 downloads in 3 months. In particular, a paper on “Foreign Direct Investment and Economic Growth from Developing Countries in the Short Run and Long Run” by Trang Thi-Huyen Dinh and her team has attracted almost 6000 downloads in 3 months. These statistics indicate that the papers published in this Special Issue have attracted the wide interest of readers. Among these 14 published papers, three main areas of important contemporary issues in Business and Economics in the Asian region can be identified. First, a block of papers deals with various important and fundamental issues in the emerging markets the Asian region, from exchange rate regime, financial inclusion, and financial development to energy consumption and environmental degradation. On the issue of CO2 emissions, energy consumption and economic growth in the ASEAN, Vo, Vo, and Le utilized various time series econometrics approaches. Key findings from this paper indicate that there are no long-run relationships among carbon dioxide (CO2) emissions, energy consumption, renewable energy, population growth, and economic growth in the Philippines and Thailand, but a relationship does exist in Indonesia, Myanmar, and Malaysia. Loo, in his paper on financial inclusion for the ASEAN, concluded that advancing internet capability and availability present investors an opportunity to offer financial technology or Fintech to meet the need for financial services in this digital era. Second, a challenge in quantitative studies for a single country, such as Vietnam, with limited data is generally noted. However, various empirical studies on Vietnam’s business and economics issues have been conducted. Nguyen, Quan, and Pham examined the cultural distance and entry mode of foreign direct investment in Vietnam. A key finding from their paper is that when there is a great cultural difference between Vietnam and their home country, foreign-invested firms prefer wholly owned subsidiaries over equity joint ventures. Within the Vietnamese market, Pham, Vo, Ho, and McAleer conducted a study on the issue of corporate financial distress. The authors conclude that the corporate financial distress prediction model, which includes accounting factors with macroeconomic indicators, performs much better than alternative models. In addition, the evidence confirms that the global financial crisis (GFC) had a damaging impact on each sector, with the Health & Education sector demonstrating the most impressive recovery post-GFC, and the utilities sector recording a dramatic increase in bankruptcies post-GFC. At another extreme of the spectrum, Van and Nguyen considered that competitive context, social influences, the understanding of managers about corporate social responsibility (CSR), and the internal environment of companies are the four drivers of CSR. The authors also argued that in the four drivers, competitive context has the strongest impact on adopting CSR. Third, last but not least, various papers focus on an important aspect of public finance. For an example, Pham, Pham, and Ly documented the effect of double taxation treaties on the bilateral trade of Vietnam with ASEAN member states, thereby making an extensive comparison with its EU partner countries. Their findings indicate the significant contributions of the tax treaties to Vietnam’s trade performance, not exclusively with ASEAN but also with EU partner countries. In addition, regarding public finance for Vietnam, Nguyen, Vo, Ho, and Vo investigated the contribution of fiscal decentralisation to economic growth across provinces in Vietnam. For the first time in Vietnam, the fiscal decentralisation index together its two subcomponents, including fiscal importance and fiscal autonomy, are developed. Findings from this paper indicate that while fiscal importance and an overall level of fiscal decentralisation have provided negative impact on provincial economic growth, fiscal autonomy has a positive impact on economic growth across provinces in Vietnam. 2021-05-01T15:27:17Z 2021-05-01T15:27:17Z 2020 book ONIX_20210501_9783039360949_453 9783039360949 9783039360956 https://directory.doabooks.org/handle/20.500.12854/68707 eng application/octet-stream Attribution 4.0 International https://mdpi.com/books/pdfview/book/2473 https://mdpi.com/books/pdfview/book/2473 MDPI - Multidisciplinary Digital Publishing Institute 10.3390/books978-3-03936-095-6 10.3390/books978-3-03936-095-6 46cabcaa-dd94-4bfe-87b4-55023c1b36d0 9783039360949 9783039360956 246 Basel, Switzerland open access |
| spellingShingle | fiscal autonomy fiscal decentralisation fiscal importance DGMM Vietnam performance internationalization organizational slack ASEAN CO2 emissions economic growth EKC energy consumption Granger causality VECM urbanization income inequality Driscoll and Kraay PMG agricultural commodity prices volatility crude oil prices structural vector autoregressive model impulse response functions pecking order theory trade off theory capital structure GMM listed firms industry level corporate financial distress bankruptcy distance to default fundamentals Global Financial Crisis double taxation treaty trade gravity model financial development FMOLS DOLS emerging markets corporate social responsibility textile and garment industry foreign direct investment (FDI) endogenous growth developing countries financial inclusion Fintech risk foreign direct investment competitiveness exchange rate regime Asia Reinhart and Rogoff cultural distance entry mode equity joint venture wholly owned subsidiary fiscal decentralization exchange rate Asian region thema EDItEUR::T Technology, Engineering, Agriculture, Industrial processes::TB Technology: general issues Contemporary Issues in Business and Economics |
| title | Contemporary Issues in Business and Economics |
| title_full | Contemporary Issues in Business and Economics |
| title_fullStr | Contemporary Issues in Business and Economics |
| title_full_unstemmed | Contemporary Issues in Business and Economics |
| title_short | Contemporary Issues in Business and Economics |
| title_sort | contemporary issues in business and economics |
| topic | fiscal autonomy fiscal decentralisation fiscal importance DGMM Vietnam performance internationalization organizational slack ASEAN CO2 emissions economic growth EKC energy consumption Granger causality VECM urbanization income inequality Driscoll and Kraay PMG agricultural commodity prices volatility crude oil prices structural vector autoregressive model impulse response functions pecking order theory trade off theory capital structure GMM listed firms industry level corporate financial distress bankruptcy distance to default fundamentals Global Financial Crisis double taxation treaty trade gravity model financial development FMOLS DOLS emerging markets corporate social responsibility textile and garment industry foreign direct investment (FDI) endogenous growth developing countries financial inclusion Fintech risk foreign direct investment competitiveness exchange rate regime Asia Reinhart and Rogoff cultural distance entry mode equity joint venture wholly owned subsidiary fiscal decentralization exchange rate Asian region thema EDItEUR::T Technology, Engineering, Agriculture, Industrial processes::TB Technology: general issues |
| topic_facet | fiscal autonomy fiscal decentralisation fiscal importance DGMM Vietnam performance internationalization organizational slack ASEAN CO2 emissions economic growth EKC energy consumption Granger causality VECM urbanization income inequality Driscoll and Kraay PMG agricultural commodity prices volatility crude oil prices structural vector autoregressive model impulse response functions pecking order theory trade off theory capital structure GMM listed firms industry level corporate financial distress bankruptcy distance to default fundamentals Global Financial Crisis double taxation treaty trade gravity model financial development FMOLS DOLS emerging markets corporate social responsibility textile and garment industry foreign direct investment (FDI) endogenous growth developing countries financial inclusion Fintech risk foreign direct investment competitiveness exchange rate regime Asia Reinhart and Rogoff cultural distance entry mode equity joint venture wholly owned subsidiary fiscal decentralization exchange rate Asian region thema EDItEUR::T Technology, Engineering, Agriculture, Industrial processes::TB Technology: general issues |
| url | ONIX_20210501_9783039360949_453 |