A Categorical Data Analysis on Financial Failures in Vietnam, 2007-2013
International Journal of Business and Management, Vol. 8, No. 8, pp. 87-94.
8 Pages Posted: 21 Aug 2013
Date Written: August 20, 2013
In this paper, we examined 256 cases of financial failure and fraud occurring during the recent Vietnam’s chaotic years from 2007 to 2013, employing methods of categorical data analysis. Reported results 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 are necessary to improve socio-economic conditions and the environment. This work also introduces intuitive and cognitive factors to predict ex-ante outcome of a financing scheme.
Keywords: financial collapse, rent-seeking, creativity/innovation, economic transition
JEL Classification: G01, O16, P27
Suggested Citation: Suggested Citation