Science & Technology Development Journal - Economics - Law and Management

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ISSN / EISSN : 2588-1051 / 2588-1051
Total articles ≅ 257
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Nguyễn Văn Tuấn
Science & Technology Development Journal - Economics - Law and Management, Volume 5; https://doi.org/10.32508/stdjelm.v5i3.781

Abstract:
This paper reviews the mainstream theories of corporate governance and the relationship between corporate governance structures and firm financial performance. We show that the four predominant theories often employed to study the corporate governance – firm performance relationship are agency theory, stewardship theory, resource dependence theory, and institutional theory. In spite of being an overwhelmingly predominant theoretical approach in corporate governance studies, agency theory has recently been criticized for not fully reflect corporate governance practices in various institutional contexts. It is, therefore, necessary to re-examine the traditional agency framework to understand the corporate governance – firm performance relationship in various institutional environments. There are also calls for the application of a multi-theoretical approach to capture the complex nature of the corporate governance – firm performance relationship. It is also clear from our review that the effect of corporate governance on firm performance is inconclusive as empirical findings concerning this relationship are mixed in different analysis contexts. It is argued that such inconclusive findings of the corporate governance – firm performance relationship may be caused by the national institution differences and the imperfection of estimation techniques. Several recent studies in corporate governance support the view that the implementation of corporate governance mechanisms in a country is influenced by its institutional environment. For this reason, the effectiveness of corporate governance mechanisms also varies from country to country, or in other words, it is country-specific. This suggests that future research focusing on cross-national comparative contexts may provide more insight or in-depth information on the corporate governance – firm performance relationship. We also suggest that the potential mediating impacts of institutional characteristics on the corporate governance – firm performance relationship should be taken into consideration when conducting cross-country comparative corporate governance studies.
Trần Quang Cảnh, Vũ Trực Phức, Hồ Ngọc Minh
Science & Technology Development Journal - Economics - Law and Management, Volume 5; https://doi.org/10.32508/stdjelm.v5i3.764

Abstract:
The employee engagement is an approach in the study of organizational behavior. There have been many studies done to find out the factors affecting the employee engagement to the organization. Limitation of previous studies is that, when choosing the number of factors to be retained, authors based only on the Eigienvalues (eigenvalue-one criterion). They did not take into account the cumulative percentage, screening test, percentage. The variance is calculated for each factor and the interpretability of each factor (The Interpretability Criterion). When doing confirmatory factor analysis (CFA), previous studies also did not test the statistical power of the studies. Samples of those studies, have often been taken according to empirical formulas that did not take into account the required statistical power and degrees of freedom of the study. This study was conducted at the social insurance agency of Ba Ria - Vung Tau province, from January 2019 to May 2019, with the aims to finding out and identify the factors that affect to employee engagement, with the analysis has supplementing and overcoming the shortcomings as mentioned above. In this paper, We use statistical software SAS to perform steps key component analysis (CPA), assess the reliability of the scale by Cronbach's Alpha index, exploratory factor analysis (EFA), Confirmation factor analysis (CFA) and Linear structural model analysis (SEM). The analysis results show that employee engagement with the organization is positively affected by 5 factors. The order of impact level are: Salary, bonus and welfare; Training and development opportunities; Organizational culture; Relationships with colleagues and Organizational Leadership Style.
Trần Thị Ái Cẩm, Đỗ Thùy Trinh
Science & Technology Development Journal - Economics - Law and Management, Volume 5, pp 1598-1610; https://doi.org/10.32508/stdjelm.v5i3.785

Abstract:
The brand has become one of the most important Marketing instruments and is used in every selling/buying transaction. However, a scale measurement of a brand image has not been developed that is applicable to all types of services as the brand image is mainly formed from the customer’s practical experience. The purpose of this research is to build a scale of the university’s brand image in the perception of students and employers. The methodology is based on two main surveys: (1) the exploratory qualitative study conducted with 57 students at Nha Trang University and 18 enterprises by the direct interview method; (2) The confirmatory quantitative study is based on a sample of 532 students at NTU. The research results identify six factors of Nha Trang university’s brand image scale and the other institutions, consisting of University landscape, facilities, teaching quality, service quality, characteristics, style. Based on the result, the paper theoretically and practically contributes to the management boards of universities and further research.
, Dinh Thi Nguyet Anh, Nguyen Thi Phuong, Tran Cao Quy, Nguyen Quang Vinh, Bui Minh Hang
Science & Technology Development Journal - Economics - Law and Management, Volume 5, pp 1741-1753; https://doi.org/10.32508/stdjelm.v5i3.716

Abstract:
The paper aims to identify agricultural produce with comparative advantages in addition to the structure of Vietnam's agricultural exports in the context of international trade integration in the period from 2000 to 2018. By using the Worldbank data (the SITC- revision 3), the indicators of the product structure analysis HHI and the revealed comparative advantage RCA indicated that given rapid commercial integration of Vietnam from 2000 to 2018, Vietnam only focused on limited key agricultural produce and neglect those with huge export potentials, though the structure of the export industry has been more diversity while that of export markets barely show changes. This implies that Vietnam is only focusing on certain markets and has not made good use of the trade agreements it has entered into to exploit the remaining markets. Through the research results, the authors believe that Vietnam has great room and opportunity in taking advantage of trade agreements, especially the EVFTA agreement (effective from August 1, 2020) to improve Vietnam's export capacity. Finally, through the research results and related references, the authors give 6 recommendations to the government and enterprises operating in the field of agricultural produce to maximize the export capacity of agricultural produce in particular and the export capacity of Vietnam in general.
Bình Đức Nguyễn
Science & Technology Development Journal - Economics - Law and Management, Volume 5; https://doi.org/10.32508/stdjelm.v5i3.786

Abstract:
In the current digital technology era, especially the strong development of breakthrough technologies in the industrial revolution 4.0, the protection of Personal Data is becoming more and more urgent. It can be said that one of the conditions for Vietnam to enter the international market through trade agreements (typically: CPTPP Agreement, formerly known as TPP, takes effect in Vietnam from January 14). / 2019; EVFTA Agreement takes effect from August 1, 2020) that is transparency and institutionalization. More specifically, the improvement of the legal framework according to international requirements to catch up with international justice as well as progressive regulations in the world. Thereby, the amendment or update of the law, especially in new fields, high technology, and fields of continuous development cannot be ignored. When countries participate in the same open market, a common flow and development, the laws of each member country must be equal, meeting the requirements of commercialization and commercialization. investment, intellectual property, realization of common commitments towards sustainable development in the future.
, Huynh Thi Nam Hai, Luu Minh Sang
Science & Technology Development Journal - Economics - Law and Management, Volume 5; https://doi.org/10.32508/stdjelm.v5i3.804

Abstract:
Applying digital technology in state management activities is a trend that many countries are actively implementing. Experiences from other foreign countries show that digitizing and technologizing judicial activities is an inevitable trend to simplify administrative procedures, maximize the settlement of disputes to ensure legitimate rights of people, and to maintain social order. Vietnam is therefore not out of that trend. However, the application of information technology to the Court's activities in Vietnam has just been initially organized through a number of activities such as online filing, electronic case management..., but for the online trial, the Vietnamese law still does not have a complete legal framework. In the context of Covid-19 epidemy, the employment of E-court becomes even more necessary than ever. Because of social distancing, many activities, including court trial have been postponed. This can cause many inconveniences to the court (to comply with the law on procedural time), and to the parties (who wants to solve their legal issues as quick as possible, so that they can enjoy well their legal rights and interests). However, this model of court needs many conditions to be developed: investment of Government, qualifications of competent persons, people’s scientific and technical level… It should be noted that technological measures are just a different implementation method of the procedural provisions, but due to being as the procedural law, these implementation steps should be clearly specified in the law, so as not to be considered a violation of the proceedings. Thus, the contents of law need to be legalized such as applicable conditions, procedures on initiating a lawsuit, on giving announcement to parties... In fact and theory, all kind of civil cases can be judged online as long as the requirements of platform and demand of participating parties are met. And the civil procedure law can add regulations about the online method to some of necessary procedural steps as an additional choice to the parties. The article focuses on recommending the building of a E-Court model in Vietnam in civil proceedings, where this model can be effectively applied due to the civil nature of the case, with the research method of analysis, thesis and comparison with other foreign laws, such as Malaysia, Korea, Australia and Canada.
, Vy Vũ Tường Lê
Science & Technology Development Journal - Economics - Law and Management, Volume 5, pp 1673-1685; https://doi.org/10.32508/stdjelm.v5i3.734

Abstract:
International economic integration is an inevitable trend and an objective requirement for any country in the current period of development. However, this process, in addition to creating certain advantages and opportunities for countries to participate in integration, also puts these countries in the face of difficulties and challenges. The roadmap for international economic integration puts the enterprises of developing countries in general, the system of joint stock commercial banks in particular, in the face of a new business environment with fierce competitive pressures and unbalanced competitors. Therefore, the research and analysis of the correlation between factors and profits of the Vietnamese joint stock commercial banking system in the current integration period to provide practical solutions which improve the performance of joint stock commercial banks is an urgent issue. From the above practice, this article examines the relationship between asset quality, credit risk provisioning costs, and profitability of joint stock commercial banks in Vietnam through ROE. The paper has evaluated this relationship by using table regression analysis with data collected from 2012 to 2019 at 28 joint stock commercial banks. Data analyzed on the Stata software and the results show a positive relationship between the quality of bank assets and returns and the inverse relationship between the cost of provisioning for credit losses and the profitability of joint stock commercial banks in Vietnam during the above period. Based on this result, a number of recommendations have been proposed to help joint stock commercial banks in Vietnam grow steadily in the condition of the economy being affected by the Covid-19 pandemic.
Nguyễn Thanh Huyền, Minh Quyên Nữ Lê
Science & Technology Development Journal - Economics - Law and Management, Volume 5, pp 1686-1698; https://doi.org/10.32508/stdjelm.v5i3.761

Abstract:
Private economic development is an indispensable requirement. No matter what economic modeling approach that countries follow, governments could not deny the enormous contribution of this economic sector. In the current period of international integration, the role of the private economy is much more important to the majority of countries, especially industrialized nations. In our country, an affirmation was made regarding the importance of the private sector in the 12th Congress which asserted that: "The private economy is an important driving force of the economy". In fact, in recent years, the private economy has significantly contributed to national economic development. However, currently, there are still policy barriers that hinder the development of the private economy and the internal strength of the economy. Hence, the authorities should encourage researchers on conducting research with the aim of developing this kind of important economic component in accordance with the practical conditions of the country. Within the scope of the article, the author defines the word private economy'', the perspective of Vietnam's private economic development, and analyzes the achievements of the private economy in the period of 2011-2018. In addition, the article also examines the experience of some countries, from which we could be able to gain meaningful lessons to improve our national private economic model. The countries chosen include: (i) China, a neighboring country, has a political system relatively similar to Vietnam. China early developed and focused on the private economic system as the result of successfully identifying the vital role of the model in national economic growth. (ii) South Korea and the United States, despite being capitalist, have achieved successful private economic development with an array of valuable lessons for Vietnam.
Bao Ngoc Nguyen
Science & Technology Development Journal - Economics - Law and Management, Volume 5, pp 1709-1720; https://doi.org/10.32508/stdjelm.v5i3.775

Abstract:
Effective information exchange contributes greatly to the success of a project. However, so far when mentioning this topic, people have still been uncertain and confused about its advantages. A uniform method to visualise this theme should be established so that existing problems can be exposed and hence remedies will be suggested towards the transformation of nature and structure of information exchange. This paper applies Social Network Analysis techniques to study information exchange practices in design consulting projects through a case study. On that basis, the present study assesses the cohesiveness of the network, measuring the role and position of actors. Overall, the cohesion in the overall network structure was average, the collaboration was not extensive. There were still some actors on the edge of the network with weak links. The key player in the network was surprisingly the Coordinator. The information path was fairly long and there was a risk of being distorted when passing through transit nodes. The findings of this research have considerable managerial implications. The prospect of being able to do SNA serves as a continuous impulse for future research in the field of construction management and project management in Vietnam.
Vu Phuong Nguyen, Anh Tuấn Nguyễn,
Science & Technology Development Journal - Economics - Law and Management, Volume 5; https://doi.org/10.32508/stdjelm.v5i3.738

Abstract:
Promting research has always been identified as a focus in the activities of the University of Economics and Law (UEL), which has been oriented as a research-oriented university. This article aims to examine the relationship between UEL staffs' individual characteristics and their research productivity, as regards publications on international and domestic journals. This study helps to gain un understanding of the correlation between these individual characteristics and research productivity. The study was conducted through quantitative analysis with descriptive and inferential statistics with 96 observations (i.e., 96 UEL staffs). The data from the questionnaire was analyzed through descriptive and inferential statistics including exploratory factor analysis (EFA) and Poisson regression analysis. The results show that research skills and orientation, autonomy, and commitment in research as individual characteristics were positively correlated with research productivity. Therefore, promoting UEL staffs' research productivity requires the enhancement of their research skills as well as facilitaing their research orientation, autonomy and commitment. The findings from the study offer implications to institutional leadership on the strategies to increase the their staffs' research productivity, focusing on developing scientific research capacity and professional development, and paying attention to individual characteristics and publications as research outputs, one of the key components for the university to be considered as a research-oriented university.