Rent-Seekers’ Lost El Dorado: Vietnam's Financial Turmoil, 2007-2013

ULB-CEB Working Papers, No. 13/020, Universite Libre de Bruxelles

18 Pages Posted: 18 May 2013 Last revised: 29 Jul 2019

See all articles by Quan Hoang Vuong

Quan Hoang Vuong

Université Libre de Bruxelles (ULB) - Solvay Brussels School of Economics and Management; Phenikaa University

Nancy K. Napier

Boise State University - College of Business & Economics

Tri Dung Tran

Date Written: May 17, 2013

Abstract

In this investigation, we examined 256 cases of financial failure and fraud in Vietnam’s chaotic years from 2007 to 2013. Categorical data analyses suggest that the rent-seeking approach, or resource-based orientation, alone does not help explain the outcome of a business intention while the association between Orientation and Approach is the best-fit predictor. Rampant financial collapse not only increases the cost of funds but also erodes trust in the economy. Entrepreneurship development and creativity capacity building, in light of this, are necessary to improve socio-economic conditions and the environment. In this manuscript, we also introduce intuitive and cognitive factors to predict ex-ante outcome of a financing scheme.

Keywords: Financial frauds, rent-seeking, creativity, economic transition, Vietnam

JEL Classification: G01, O16, P27

Suggested Citation

Vuong, Quan Hoang and Napier, Nancy K. and Tran, Tri Dung, Rent-Seekers’ Lost El Dorado: Vietnam's Financial Turmoil, 2007-2013 (May 17, 2013). ULB-CEB Working Papers, No. 13/020, Universite Libre de Bruxelles, Available at SSRN: https://ssrn.com/abstract=2266364 or http://dx.doi.org/10.2139/ssrn.2266364

Quan Hoang Vuong (Contact Author)

Université Libre de Bruxelles (ULB) - Solvay Brussels School of Economics and Management ( email )

ULB CP 145/01
21 Ave. F.D. Roosevelt
Brussels, Bruxelles 1050
Belgium
+32-2-6504864 (Phone)
+32-2-6504188 (Fax)

HOME PAGE: http://www.ceb-ulb.com/vuong-quan-hoang.html

Phenikaa University ( email )

To Huu road, Yen Nghia
Ha Dong district
Hanoi, Hanoi 100803
Vietnam

HOME PAGE: http://sites.google.com/site/vuongqh2019/

Nancy K. Napier

Boise State University - College of Business & Economics ( email )

1910 University Drive
Boise, ID 83725
United States
208 426-1314 (Phone)
208 426-3637 (Fax)

HOME PAGE: http://cobe.boisestate.edu/graduate/faculty/VITAES/html%20format/Nancy%20Napier.htm

No contact information is available for Tri Dung Tran

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