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

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

Hong Kong Nguyen

Ritsumeikan Asia Pacific University, Students; Toan Viet Info Service

Date Written: August 20, 2013

Abstract

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

Vuong, Quan Hoang and Napier, Nancy K. and Tran, Tri Dung and Nguyen, Hong Kong, A Categorical Data Analysis on Financial Failures in Vietnam, 2007-2013 (August 20, 2013). International Journal of Business and Management, Vol. 8, No. 8, pp. 87-94. , Available at SSRN: https://ssrn.com/abstract=2313077

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

Hong Kong Nguyen

Ritsumeikan Asia Pacific University, Students ( email )

Beppu
Japan

Toan Viet Info Service ( email )

D4 Giang Vo
Ba Dinh
Hanoi
Vietnam

No contact information is available for Tri Dung Tran

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