VNUHCM Journal of Economics, Business and Law

The impact of FDI and trade openness on income inequality in the ASEAN region

Duyen My Pham — 2023-07-23

The study examines the impact of FDI and trade openness on income inequality in the ASEAN region through instrumental variables and two-stage least squares for panel-data models. The study is based on panel data from Word Bank, SWIID and UNCTAD of 9 ASEAN countries from 1990 to 2020. The model includes six macro control variables: financial development, GDP per capita, education, control of corruption, inflation and unemployment. The result shows FDI has a positive relationship with income inequality. Meanwhile, the group of variables of trade openness has various impacts on income inequality, such as the variable international trade in goods and imports from middle- and low-income countries have the opposite effect. In contrast, the variable exports to low- and middle-income countries and imports from high-income countries have a positive effect on the dependent variable, especially the variable exports to high-income countries are not statistically significant. The variables education, financial development, GDP per capita and inflation have negative effects on inequality, and unemployment and corruption control variables are not significant due to the individual characteristics of the sample. From there, policy implications that reduce income inequality through FDI, trade openness and other factors in the region are suggested.

Relationship between organization commitment and quality of accounting information in information system: The moderating role of software type

Huong Thi Thu Truong — 2023-07-23

The aims of the paper are to investigate the impact of organizational commitment on the quality of accounting information in Vietnamese enterprises through the quality of information system. Information system is a very important system in enterprises, playing a role in collecting, processing and providing information to administrators to perform administrative functions and support the decision-making process, in which accounting information is considered one of the most important information of the business. Therefore, studying about the quality of accounting information has always been a necessary and meaningful topic both in academia and practice. This study was conducted with samples of 220 subjects, working in different positions in the enterprise, including accountants and employees in other parts of the business. Research data was collected through questionnaire survey (from April 2022 to July 2022), then used for descriptive statistical analysis and hypothesis testing. The research results show that there is an impact of the organizational commitment factor on information system (IS) quality and the IS quality has an impact on the accounting information (AI) quality. In addition, the research results also show that there is a moderating effect of software type on the relationship between information system quality and accounting information quality.

What do we know about the capital structure choice of large firms – the case of Vietnam?

Chien Nguyen — 2023-07-23

In most countries, enterprises play a significant role in contributing to production, investment, job creation, and output. Enterprises are also the leading bird in applying science and technology, improving labor productivity, and implementing digital transformation in the context of the industrial revolution 4.0. Therefore, countries always want to create a favorable business environment, reduce transaction costs and market access costs, improve capital markets, and improve the quality of human resources to develop businesses and then make more contributions to socio-economic development. In particular, the financial market needs adjustments to improve the ability to provide and transfer capital to businesses at optimal costs, helping businesses achieve business efficiency. Using a sample size of 30 enterprises in Vietnam's stock market in the period 2011 to 2021, at the same time, using the panel-corrected standard error (PCSE) method to handle the defects in the estimated model and the phenomenon of cross-dependence between enterprises on the stock market, the research results confirmed that large-scale enterprises often have many advantages in accessing external loans to finance their investment projects. However, larger firm size is consistent with slower access to loans. On the contrary, small-scale enterprises often have high risks and are difficult to access bank loans, so small-scale enterprises should prioritize using their own capital to finance their investment projects. In addition, the study also affirmed that corporate profitability, board of directors’ size, board of directors’ meeting frequency, and foreign participation in the board of directors often orient enterprises to increase funding by equity as well as limited loan capital. The study also found no effect of sales growth on capital structure choice.

The influence of perceived destination social responsibility on residents’ pro-tourism behaviors: A study in Da Lat

Lan Thi Kieu Mai — 2023-07-23

Based on the SOR (Stimulus – Organism – Response) framework, this study proposes a model on the influence of perceived destination social responsibility on residents’ pro-tourism behaviors in Dalat City. The study was conducted based on survey data from 357 residents in Dalat, and structural equation modeling (SEM) was utilized to test the proposed relationships among variables in the model. The findings indicate that perceived destination social responsibility positively impacts residents’ pro-tourism behaviors through two mediators: destination preference and destination attachment. In which perceived destination social responsibility has a positive and direct impact on destination attachment and destination preference. Both destination attachment and destination preference have positive and direct influences on residents’ pro-tourism behaviors. In addition, the analysis results show that destination social responsibility does not have a direct influence on residents’ pro-tourism behaviors but only has an indirect influence through two mediators (i.e., destination attachment and destination preference). This study contributes to both theory and practice with regard to destination social responsibility.

The role of corporate social responsibility and company reputation toward production re-linking intention between farmers and enterprises

Ánh Ngọc Hoàng Bạch — 2023-07-23

This study aims to explore the relationship between corporate social responsibility and corporate reputation affecting satisfaction as well as the intention to re-contract and positive word of mouth of farmers in linking production with enterprises in the agricultural sector in Vietnam. The study was carried out by using quantitative method with SEM technique to test the relationships in the research model. The survey resulted in 224 samples obtained from the survey subjects, who are farmers contracting with enterprises. The analysis result shows that all three factors of Corporate Social Responsibility, Reputation, and Satisfaction have positive impact on the reintegration intentions of farmers. Besides, affirming the need to improve farmers' satisfaction is an important mediator leading to their behavioral intentions. This plays a vital role in helping business managers focus more on their responsibilities to the community, society and stakeholders, contributing to strengthening the reputation of the business, creating a competitive advantage against competitors in the same industry, thereby opening up opportunities for businesses and farmers to join hands to build and develop a sustainable and stable agriculture in the future.

Impact of corporate social responsibility and risk management capabilities on sustainable operation performance: the moderating role digital transformation

Ít Văn Nguyễn — 2023-08-12

On the underpinning theory of the Resource Based Theory (RBT), this research examines the impact of corporate social responsibility and risk management capabilities on sustainable operation performance with the moderating role of digital transformation. The questionnaire in this study includes 29 items, and a random sampling technique was employed. The data was collected from 439 leaders and management-level employees working at manufacturing enterprises in Ho Chi Minh City. The collected data were analyzed using Partial least squares structural equation modeling (PLS-SEM) to validate the data and check the assumed relationships. The results showed that corporate social responsibility has a strong positive impact on the sustainable operation performance, followed by the risk management capabilities, which has the second strong positive impact on the sustainable operation performance. The results also show that digital transformation has both the third strongest impact on sustainable operation performance and also plays a regulatory role in increasing the level of positive impact of the above relationships. Based on the findings, several implications are suggested to help managers of manufacturing enterprises consider the regulatory role of digital transformation when implementing corporate social responsibility and managing risks, and henceforth, contributes to sustainable operation performance.

The traditional theory application in recognition of ownership to virtual assets

Le Thi Minh — 2023-08-12

The significant advances of the Internet have made cyberspace develop similarly to physical space. Although the architecture of cyberspace has an automated function, there still exists a need for state management in some cases, especially with the advent and increasing popularity of virtual asset classes. Virtual assets have the characteristics of a regular asset class, such as competition, persistence, and interconnectedness. Treating virtual items the same way as real-world assets would be logical, which This means that virtual assets can also be considered for ownership. However, traditional theories face many difficulties when applied to the virtual world in solving the problem of recording ownership of virtual assets. The article analyzes the content of popular approaches used as the basis for claiming ownership of virtual assets, including John Locke's labor value theory, Hegel's personality theory, and Bentham's pragmatism. At the same time, the article also points out the limitations and unconvincing results of applying these traditional theories to recording ownership of virtual assets. The virtual world is not the natural world for the mere application of John Locke's labor philosophy. Applying Hegel's personality theory leads to other complex operations, including identifying virtual assets. Recognizing ownership of virtual assets does not necessarily create optimal value for Bentham's pragmatist society. Therefore, recognizing ownership rights for virtual assets needs further research on the rationale.