Can investment strategies beat the market?
By Huynh Nhat Trinh (VNP 20) Supervisor: Dr. Ngo Minh Hai Abstract Over the past three decades, many anomalies, known as investment strategies, have been documented on the global financial markets. However, from 2000s to now, several scholars have shown considerable changes in the magnitude of these excess returns. Therefore, the purpose of this thesis […]
The effect of credit growth on credit quality: Evidences of commercial banks in Dong Nai province
By Trinh Hoang Viet (VNP 20) Supervisor: Dr. Vo Hong Duc Abstract This research is conducted to examine and quantify the effect of credit growth on credit quality for the commercial banks in Dong Nai. In relation to this possible effect, theoretical framework of the so–called “three shifts” in the credit market is likely to […]
How to reduce mangrove forest extraction in the Mekong river delta of Vietnam? A common pool resource experiment
By Vu Quang Vinh (VNP 20) Supervisor: Dr. Truong Dang Thuy Abstract Using data from series of experiment in six selected provinces in Southwestern Vietnam in March and April 2015, this thesis aims to analyze the impact of mangrove forest policies and programs on people behavior towards exploring mangrove forest. Common pool resource experiment is […]
The dynamic relationship between managerial ownership and firm’s performance in Vietnam
By Nguyen Thi Thanh An (VNP 21) Supervisor: Dr. Vo Hong Duc Abstract Corporate governance is generally considered as a key factor for the operational success for enterprises. One of the most frequently discussed concepts among corporate governance factors is the ownership structure, in particular, managerial ownership. Various empirical studies have been conducted to consider and […]
Impact of income inequality on health from middle and high income countries in 1991-2010
By Pham Dang Xuan Anh (VNP 21) Supervisor: Dr. Nguyen Van Ngai Abstract The income inequality and average heath of population level relation is tested in this paper with panel data of 48 high and middle income countries over 20 recent years. Evidence of significantly negative impact of income distribution on life expectancy at birth […]
The willingness to pay for flood insurance in Mekong river delta
By Nguyen Ngoc Que Anh (VNP 21) Supervisor: Dr. Truong Dang Thuy Abstract In the circumstance of climate change and series of dams built in Mekong River Basin, risk of flood damages and productivity loss in Mekong River Delta tend to be ambiguous and unpredictable. Choice experiment is applied to assess the stated preference and […]
Earnings management by real activities manipulations: A look at Vietnam
By Nguyen Duy Anh (VNP 21) Supervisor: Dr. Nguyen Thi Thuy Linh Abstract This research thesis tests three hypothesizes: (i) In Viet Nam, the listed companies that meet earnings target (zero earnings and zero earnings growth) exhibit the proof of real activities manipulation (ii) Hypothesis 2: there is the difference between the extent of using […]
The influence of institutional quality of firm size and number of non-state firm at province level in Vietnam
By Trinh Minh Han (VNP 20) Supervisor: Dr. Truong Dang Thuy Abstract The relationship between institutions and firm size is now well established. This paper investigates the influences of the institutional quality of local government on firm size and number of non – state firms by using the panel data of 52 provinces in Vietnam […]
The Capital Asset Pricing Model: Beta and what else?
By Pham Ngoc Thach (VNP 20) Supervisor: Dr. Vo Hong Duc Abstract It has been 50 years since the first Capital Asset Pricing Model (CAPM) was developed by Sharpe (1964) and Lintner (1965). Similar to any other theory, CAPM has been facing with hundreds of critiques from theoreticians and empiricists. Recent evidences suggest that CAPM […]
Gender diversity corperate boardroom and tax avoidance: the evidence in hose listed firms
By Dao Thi Han (VNP 20) Supervisor: Dr. Nguyen Thi Thuy Linh Abstract Using data set of 296 publicly listed firms in Ho Chi Minh Stock Exchange from 2010 to 2015, the study analyses the engagement of female board members, also in case of being leader of board and executive manager, on tax avoidance activities, […]
Direct, indirect and total effect in spatial analysis of provincial FDI in Vietnam
By Le Van Thang (VNP 20) Supervisor: Dr. Nguyen Luu Bao Doan Abstract This paper investigates the spatial pattern of Foreign Direct Investment (FDI) for all 63 provinces in Vietnam from 2011 to 2014. Empirical studies on locational determinants of FDI typically neglected the spatial interaction among observations which lead to inefficient and biased estimations. […]
Is gender pay gap low in plants with more female managers? Evidence from small and medium entreprises of Vietnam 2007
By Tran Thi Hieu (VNP 20) Supervisor: Dr. Pham Dinh Long Abstract The goal of gender equality in income is not only an important matter of human rights but also basic requirement for development of fair and efficiency. Therefore, study on the state of gender inequality in income has the significant implications in moving toward […]
Does provincial economic development in Vietnam foster internal migration?
By Vo Van Hung (VNP 20) Supervisor: Dr. Pham Khanh Nam Abstract This paper investigates the impact of provincial economic development on internal migration in Vietnam based on the complex casual relationship between migration and economic development. We examine that impact for further understanding about the determinants could lead to human migration decision beyond the […]
The effect of social capital on innovation of SMEs in Vietnam
By Hoang Duy Khoa (VNP 20) Supervisor: Dr. Le Van Chon Abstract The contribution of SMEs in the economic growth is undeniable but difficult to measure, especially in Vietnam. SMEs take a large percentage in the total number enterprises in Vietnam, thereby offering remarkable employment opportunities. Moreover, they also play essential role in enhancing the […]
The impact of food safety standards on rice exports from Vietnam
By Bui Minh Khoi (VNP 20) Supervisor: Dr. Tran Tien Khai Abstract This paper investigates the impact of food safety standard on rice export from Vietnam. The study covers 154 countries in the UN Comtrade data website from 2003 to 2013 and uses aflatoxin B1 to present for food safety standard. The findings confirm that […]
Family Ownership, strategy risks and firm’s performance
By Nguyen Son Kien (VNP 20) Supervisor: Dr. Vo Hong Duc Abstract A corporate governance framework is required for a successful operation of firms. This framework is generally known to include various aspects of corporate governance, including ownership structure, characteristics of the board of directors and the strategic risks (including both systematic and non-systematic risk) […]
Determinants of firm exit in Vietnam
By Tran Thi Lam (VNP 20) Supervisor: Dr. Truong Dang Thuy Abstract This paper examines the determinants of firm exit in Vietnam using SME data from 2005 to 2011. Using panel data from 10 provinces and cities in Vietnam and applying the logistic regression method, this study finds that total asset and leverage have positive […]
Consumer’s choice of food store for delivery in HCMC
By Phan Duy Lap (VNP 20) Supervisor: Dr. Truong Dang Thuy Abstract There has been a rapidly growing of order food online service from 2012 to 2015 in Vietnam based on data from Vietnammm.com website. Vietnammm.com was not only increased in the number of orders per month but also they got a significant risen in […]
The relationship between investment and dividend in cash flow uncertainty condition: A Vietnam case
By Tran Thi Nhat Linh (VNP 20) Supervisor: Dr. Vu Viet Quang Abstract This paper aims to show the relationship between investment and dividend in cash flow uncertainty condition by using data of 246 Vietnamese listed firms from 2011 to 2014. The study shows that in the relationship between investment and dividend does not significant […]
Income inequality and economic growth: Panel data in South East Asia
By Nguyen Le Phuong Linh (VNP 20) Supervisor: Dr. Tran Tien Khai Abstract This study has examined the impact of different levels of economic growth toward income inequality, applying the Kuznets reverted U-shape model and the Tribble S-curve model by employing the annual panel dataset from 1990 to 2012 at the country-level in the Southeast […]
Mangrove and production risk in aquaculture in Mekong river delta, Vietnam
By Do Huu Luat (VNP 20) Supervisor: Dr. Truong Dang Thuy Abstract Utilizing survey data in aquaculture activities in 2014 from the Mekong river delta Vietnam, this paper aims to examine the impact of mangrove forests on profit and profit variability in extensive and semi-intensive aquaculture farms (mostly shrimp farms). The Just-Pope framework for a stochastic […]