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Volume 26 (2022): Issue 1 (January 2022)

Volume 25 (2021): Issue 2 (December 2021)

Volume 25 (2021): Issue 1 (January 2021)

Volume 24 (2020): Issue 2 (December 2020)

Volume 24 (2020): Issue 1 (June 2020)

Volume 23 (2019): Issue 2 (December 2019)

Volume 23 (2019): Issue 1 (June 2019)

Volume 22 (2018): Issue 2 (December 2018)

Volume 22 (2018): Issue 1 (June 2018)

Volume 21 (2017): Issue 2 (December 2017)

Volume 21 (2017): Issue 1 (May 2017)

Volume 20 (2016): Issue 2 (December 2016)

Volume 20 (2016): Issue 1 (May 2016)

Volume 19 (2015): Issue 2 (December 2015)

Volume 19 (2015): Issue 1 (May 2015)

Volume 18 (2014): Issue 2 (December 2014)

Volume 18 (2014): Issue 1 (May 2014)

Volume 17 (2013): Issue 2 (December 2013)

Volume 17 (2013): Issue 1 (May 2013)

Volume 16 (2012): Issue 2 (December 2012)

Volume 16 (2012): Issue 1 (May 2012)

Journal Details
Format
Journal
eISSN
2299-193X
ISSN
1429-9321
First Published
14 Jun 2012
Publication timeframe
2 times per year
Languages
English

Search

Volume 24 (2020): Issue 2 (December 2020)

Journal Details
Format
Journal
eISSN
2299-193X
ISSN
1429-9321
First Published
14 Jun 2012
Publication timeframe
2 times per year
Languages
English

Search

12 Articles
access type Open Access

The measurement of muccessful management via a net profit maximization model with ten factors and financial accounting disclosure policy- case of vinamilk in F&B industry in Vietnam

Published Online: 31 Dec 2020
Page range: 1 - 19

Abstract

Summary

When a firm has better disclosure policy of financial accounting information it will attract more investment. Many factors affecting accounting information disclosure policy include firm size, leverage, industry characteristics, investor types, etc. And good financial accounting data disclosure will help to reduce risk level of firms. At micro level, cost and net sale factors will affect net profit while at macro levels, risk free rate and exchange rate will impact. According to Nikkei Asian Review, Vinamilk (VNM) is the only brand in F&B industry and the domestic industry leader which ranked 25th among 300 listed companies in the List of ASIA300 Power Performers. It leads the organic trend in milk industry and has made very positive contributions to the overall achievements of economic and social values. Good business management requires us to consider the impacts of multi macro and micro factors on net profit, both internal and external factors, and it contributes to promoting business plan and economic policies for economic growth and stabilizing business operation. By data collection method through statistics, analysis, synthesis, comparison, quantitative analysis to generate qualitative comments and discussion; using econometric method to perform regression equation and evaluate quantitative results, the article analyzed and evaluated the impacts of ten (10) macroeconomic factors such as: stock price, VNIndex, risk free rate, lending rate, cost, sale, inflation, GPD growth, S&P500, exchange rate, etc. on net profit of a leading milk listed company, Vinamilk (VNM) in Vietnam in the 10-year period of 2010-2019, both positive and negative sides. From that regression model and analysis, it will draw leadership features, strengths of this industrial leader. The results of quantitative research, in a ten factor model, show that the decrease in GDP growth and risk free rate, inflation and increase in net sale will have a significant effect and increase VNM net profit, with the highest impact coefficient, the second is decreasing cost. This research finding and recommended policy also can be used as reference in policy for F&B system in many developing countries.

Keywords

  • financial accounting data disclosure
  • VNM stock price
  • cost
  • GDP growth
  • inflationary
  • risk free rate
  • market interest rate

JEL Classification

  • M21
  • N1
access type Open Access

Presenting a Model of Managerial Practical Wisdom in Hospitals

Published Online: 31 Dec 2020
Page range: 20 - 48

Abstract

Summary

This qualitative study was conducted to provide a model of managerial practical wisdom in public hospitals in order to define the components affecting managerial practical wisdom, development strategies and its results in hospitals based on interpretive paradigm using Grounded strategy and content analysis technique and based on paradigm model of Corbin and Strauss (2008). To this end, semi-structured interviews were conducted with 21 hospital managers, professors and experts in the field of health care management. The basic themes of the interviews during the data analysis and coding stage identify the central class, causal, contextual, intervening factors, strategies and consequences of managerial practical wisdom in the form of a paradigm model and finally to create Grounded theory about managerial practical wisdom in these hospitals. Accordingly, the dimensions and components of practical wisdom among the managers of the mentioned hospitals were cognitive abilities and managerial competencies, factors affecting its development including individual factors (personal experiences, personality pattern, and individual values) and organizational factors (spirituality at work, organizational values and organizational will).Moreover, the results of developing this type of wisdom among the mentioned managers can be categorized as individual results (mental and psychological well-being), organizational results (improving service quality, stakeholder satisfaction, organizational dynamism and agility, organizational vitality and organizational citizenship behaviors) and social outcomes (social capital development). These results can be used in the creation and development of quantitative tools for measuring managerial practical wisdom and as a qualitative complement in evaluating the quality of decisions among hospital managers.

Keywords

  • Wisdom Management
  • Practical Wisdom
  • Public Hospitals
  • Interpretive Paradigm

JEL Classification

  • G0
  • I18
access type Open Access

Improving Public Service Culture With Reduction of Interest Conflicts in State-Owned Enterprises (SOEs) Task Enforcement in Emerging Markets - Case In Vietnam

Published Online: 31 Dec 2020
Page range: 49 - 68

Abstract

Summary

Nowadays, many developing countries such as China, India and Vietnam, etc. have been trying to improve public service culture in public service organizations through eliminating corruption, more integrity, and training and improving good corporate governance. Based on theories background on public service culture, or public administration culture and conflicts of interest, this paper aims to evaluate real situation of interest conflicts in public enforcement in Vietnam nowadays; then, it will use a combination of logic and synthesis, qualitative and quantitative methods, and inter-social scientific industries analytical method to propose some recommendations to reduce conflicts of interest in public enforcement in the country on the basis of further clarifying the concept of “public service culture” and “conflict of interest” in public service. For instance, the paper suggests that we need to amend regulations on giving and receiving gifts, and increase the control over assets and income.

Last but not least, we suggest future desired research direction: we can expand researches to other emerging markets in Asia, China, India, Malaysia, Myanmar, etc.

Keywords

  • public service culture
  • public task enforcement
  • conflicts of interest
  • public administration

JEL Classification

  • H1
  • H11
  • H83
access type Open Access

Behavioral Intention Of Young Consumers Towards The Acceptance Of Social Media Marketing in Emerging Markets

Published Online: 31 Dec 2020
Page range: 69 - 93

Abstract

Summary

The study identifies the factors that influence marketing through social media of users in the Vietnam market, conducted through qualitative and quantitative methods. The research results show that Intention to use social media marketing is directly affected by Attitude towards advertisement and Attitude to electronic words of mouth. Additionally, perceived usefulness, Search Level and Perceived risk are factors that directly affect Attitude towards advertisement. Whereas, material condition and perceived usefulness are factors that affect Attitudes towards electronic words of mouth. This study also provides some implications for marketers through social networks to increase the confidence and effectiveness of marketing campaigns and programs through this channel.

Keywords

  • Social media marketing
  • EWOM
  • attitude towards advertisement
  • intention to use

JEL Classification

  • M10
  • M3
  • M31
access type Open Access

Strategies of coping with failure in the structure of managers‘ professional burnout syndrome

Published Online: 31 Dec 2020
Page range: 94 - 106

Abstract

Summary

The report presents the results of research on predictors of professional burnout syndrome among women and men working in management positions. The research included over 2000 people working in a variety of workplaces. For the analysis of content and structure of burnout syndrome, 198 people with high probability for occurence of the burnout symptoms were qualified. In the study, a Polish version of Questionnaire of Behaviour and Experiences connected with AVEM (Arbeitsbezogenes Verhaltensund Erlebensmuster, Schaarschmidt, Fischer, 1997) were used. With the help of regression analysis, the key components of syndrome‘s structure were determined, with pointing to the leading significance of coping with failure and defensive attitude in enforcing its symptoms. Suggestions for prevention measures against the burnout syndrome which are concentrated on strenghtening the skill of coping with failure have been presented.

Keywords

  • professional burnout syndrome
  • resignation
  • coping with failure
  • offensive strategy

JEL Classification

  • M 120
access type Open Access

Job stress and organizational citizenship behavior among university teachers within Bangladesh: mediating influence of occupational commitment

Published Online: 31 Dec 2020
Page range: 107 - 131

Abstract

Summary

This study aims to explore the impact of job stress on organizational citizenship behavior (OCB) among university teachers in Bangladesh along with the mediating effect of occupational commitment (OC) on this relationship. An online questionnaire survey using the Google form was conducted to collect data from respondents. 244 valid samples were analyzed using bivariate correlation and regression analyses. The results of hierarchical regression analyses reveal that job stress is negatively and significantly linked to OC when controlling for demographic variables, such as age, gender, educational qualification, type of university, designation, and teaching experience; surprisingly, it has no significant effect on OCB. However, OC is positively related to OCB. Also, the OC has a full mediating influence on the linkage between job stress and OCB. With the support of mediation test, this study suggests OC as a personal resource and mechanism to better manage teacher job stress and improve OCB. Detailed implications and contributions have been discussed in the previous sections.

Keywords

  • job stress
  • occupational commitment
  • organizational citizenship behavior
  • university teachers
  • Bangladesh

JEL Classification

  • M12
  • I23
  • C83
access type Open Access

Plans for better business performance of Sony in Japan - and suggestions for management and financial accounting transparency

Published Online: 31 Dec 2020
Page range: 132 - 145

Abstract

Abstract

Through years Sony In Japan has shown success in bringing to the market high quality products, and via technical inventions. Today risk management is one of vital issues in Sony to maintain its reputation in global markets. The purpose of this study is to find out impacts of economic factors at macro level on net profit of a big technological giant like Sony.

We found that movement of net profit in big firms such as Sony will reflect the business health of technology system and the whole economy. The results of quantitative research, in a seven factor model, show that the increase in inflation, GDP (increasing too much) and lending rate and reducing risk free rate has a significant effect on reducing Sony net profit with the highest impact coefficient, the second is decreasing the exchange rate.

Last but not least, this study proposes risk management solutions and business management plans to lower business risks, cost and enhance its net profit.

Keywords

  • Sony net profit
  • stock price
  • lending rate
  • market interest rate

JEL Classification

  • M21
  • N1
access type Open Access

Impact of Macro Economic Factors and Financial Development on Energy Projects - Case in ASEAN Countries

Published Online: 31 Dec 2020
Page range: 146 - 157

Abstract

Summary

ASEAN (The Association of SouthEast Asian Nations) demand on energy is depending on economic growth of each country, resources, and political and regulations of each country. This study aims to investigate the role of international trade, financial development, foreign direct investment (FDI) on the consumption of renewable energy (RE) in ASEAN countries of the world. The findings explore that positive nexus among the international trade, real output, financial development, foreign direct investment and consumption of RE. Last but not least, this paper will propose several recommendations and policy suggestion for ASEAN countries to manage and encourage better renewable energy projects in the region. One of its original value is that, in the globalization and integration era, environment pollution will affect all ASEAN countries and in the region, so these nations need to link together to implement renewable projects for environment pr otection and for further generation.

Keywords

  • Commerce
  • Financial Development
  • Energy projects
  • macro policies

JEL Classification

  • E44
  • E60
access type Open Access

Sources of financing the activities promoting sport and physical education on the basis of the example of Polish foundations and associations

Published Online: 31 Dec 2020
Page range: 158 - 180

Abstract

Summary

At present 177 thousand associations and 26 thousand foundations operate in Poland, which are involved in many different areas of public benefit activities and finance their activities from various sources. The paper presents the results of own studies carried out on a sample of 100 public benefit organisations conducting activity in the area of supporting and promoting physical education and sport. The main objective of the paper concerns presentation of the possibilities of acquiring funds by the organisations to carry out the statutory tasks associated with the development of sport and physical education and the structure of sources of financing this activity in practice of Polish foundations and associations. The paper analyses legal regulations and domestic and subject literature, presenting possible financing sources of activity of Polish organisations. The empirical studies were carried out based on analysis of the content of substantive reports of public benefit organisations. The verification of statistical hypotheses was carried out using the structure indicator test. The results of the conducted studies confirm the main hypothesis, according to which the public benefit organisations finance the activity promoting sport and physical education mainly from public sources, with the funds originating from the local government budgets playing the most important role. The paper also presents the results regarding the structure of the funds originating from private sources and the mechanism of 1% of personal income tax. The paper tackles the subject seldom discussed in the literature and can play a role in the discussion on the system of financing the public benefit activities given the dynamic development of non-government organisations sector.

Keywords

  • public benefit organizations
  • foundations
  • associations
  • sport
  • physical education

JEL Classification

  • Z23
  • L30
  • M41
access type Open Access

The impact of related parties’ trading on the listed company’s earnings management - evidence in Vietnam

Published Online: 31 Dec 2020
Page range: 181 - 208

Abstract

Summary

This study considers the impact of related parties’ trading (RPTs) on the listed company’s earnings management level (EM) in Vietnam’s securities market, of which EM is measured according to the modified Jones model by Dechow and Associates (1995). Through using 5 more control variables as public. How auditing firm, firm size, financial leverage, revenue growth and operating cash flow affect EM, The research results show that RPTs impact the same dimension on EM level. The study provides empirical evidence of the impact of RPTs on the EM level of companies listed on Vietnam’s securities market. Among its results to science is that it indicated with evidence, the higher the RPTs are, the greater its EM level becomes. We also identify practical contributions and limitations showin in the conclusion section.

Keywords

  • Earnings management
  • Related parties trading
  • modified Jones model

JEL Classification

  • M4
  • M41
  • M48
access type Open Access

Current situation of Bitcoin management and use: perspectives from the world and recommendations for vietnam

Published Online: 31 Dec 2020
Page range: 209 - 235

Abstract

Summary

The research aimed to evaluate suitability of Bitcoin and its platform in emerging markets such as Vietnam. We used qualitative analysis combined with data collection method published, statistics, analysis, synthesis, comparison, to generate qualitative comments and discussion; evaluate results, the article analyzed and evaluated the impacts of Bitcoin and virtual currency on society of Vietnam, both positive and negative sides. It was found that virtual currency not accepted in Vietnam as means of payment yet, while many nations in the world accept it. We need to complete the legal framework for virtual currencies in general, Bitcoin in particular. The State should continue to have policies to improve information technology infrastructure, build and improve the capacity of the contingent of financial experts, encryption, and security experts and give warning risks in virtual currency transactions. The scientific value of paper is using experiences from previous studies in other countries to generate recommendations for conditions of Bitcoin development in merging markets. Last but not least, the research was limited to the case of Vietnam; hence, we can expand research to other Asian countries or other emerging markets.

Keywords

  • Bit coin
  • virtual currency
  • cryptocurrencies
  • Vietnam

JEL Classification

  • E42
  • E5
  • E51
access type Open Access

Pro-environmental actions of agricultural farms - example of holdings from the Wielkopolska region

Published Online: 31 Dec 2020
Page range: 236 - 250

Abstract

Summary

The main aim of the article is to identify pro-environmental actions in farms in the Wielkopolska region. The article uses the results of surveys carried out in 2020 in a group of 120 agricultural holdings from Wielkopolska running agricultural accounting according to the FADN (Farm Accountancy Data Network) system. The time scope of the analyses referred to the period 2016-2019, and in the case of economic data to 2018. The issue of pro-environmental activity on farms is complex due to the integration of the economic and environmental dimensions, which requires further scientific knowledge. It was found that the investigated farms in Wielkopolska, which undertook pro-environmental actions, most often realized it in the area of land improvement. The farms which showed the highest activity in terms of undertaken pro-environmental measures were more strongly connected with the market. The managers of these farms are open to innovative ecological solutions despite their quite high age (e.g. half of them are planning to install photovoltaics). It was also found that it was easier for larger farms to carry out pro-environmental measures due to the wider possibilities of income creation. In the case of smaller farms, there is a greater need to implement measures from the area of pro-environmental investments. In turn, in larger units, measures reducing production intensity, and in all groups concerning land improvement.

Keywords

  • farm
  • environment
  • income
  • Wielkopolska

JEL Classification

  • Q15
  • Q18
  • Q56
  • Q57
12 Articles
access type Open Access

The measurement of muccessful management via a net profit maximization model with ten factors and financial accounting disclosure policy- case of vinamilk in F&B industry in Vietnam

Published Online: 31 Dec 2020
Page range: 1 - 19

Abstract

Summary

When a firm has better disclosure policy of financial accounting information it will attract more investment. Many factors affecting accounting information disclosure policy include firm size, leverage, industry characteristics, investor types, etc. And good financial accounting data disclosure will help to reduce risk level of firms. At micro level, cost and net sale factors will affect net profit while at macro levels, risk free rate and exchange rate will impact. According to Nikkei Asian Review, Vinamilk (VNM) is the only brand in F&B industry and the domestic industry leader which ranked 25th among 300 listed companies in the List of ASIA300 Power Performers. It leads the organic trend in milk industry and has made very positive contributions to the overall achievements of economic and social values. Good business management requires us to consider the impacts of multi macro and micro factors on net profit, both internal and external factors, and it contributes to promoting business plan and economic policies for economic growth and stabilizing business operation. By data collection method through statistics, analysis, synthesis, comparison, quantitative analysis to generate qualitative comments and discussion; using econometric method to perform regression equation and evaluate quantitative results, the article analyzed and evaluated the impacts of ten (10) macroeconomic factors such as: stock price, VNIndex, risk free rate, lending rate, cost, sale, inflation, GPD growth, S&P500, exchange rate, etc. on net profit of a leading milk listed company, Vinamilk (VNM) in Vietnam in the 10-year period of 2010-2019, both positive and negative sides. From that regression model and analysis, it will draw leadership features, strengths of this industrial leader. The results of quantitative research, in a ten factor model, show that the decrease in GDP growth and risk free rate, inflation and increase in net sale will have a significant effect and increase VNM net profit, with the highest impact coefficient, the second is decreasing cost. This research finding and recommended policy also can be used as reference in policy for F&B system in many developing countries.

Keywords

  • financial accounting data disclosure
  • VNM stock price
  • cost
  • GDP growth
  • inflationary
  • risk free rate
  • market interest rate

JEL Classification

  • M21
  • N1
access type Open Access

Presenting a Model of Managerial Practical Wisdom in Hospitals

Published Online: 31 Dec 2020
Page range: 20 - 48

Abstract

Summary

This qualitative study was conducted to provide a model of managerial practical wisdom in public hospitals in order to define the components affecting managerial practical wisdom, development strategies and its results in hospitals based on interpretive paradigm using Grounded strategy and content analysis technique and based on paradigm model of Corbin and Strauss (2008). To this end, semi-structured interviews were conducted with 21 hospital managers, professors and experts in the field of health care management. The basic themes of the interviews during the data analysis and coding stage identify the central class, causal, contextual, intervening factors, strategies and consequences of managerial practical wisdom in the form of a paradigm model and finally to create Grounded theory about managerial practical wisdom in these hospitals. Accordingly, the dimensions and components of practical wisdom among the managers of the mentioned hospitals were cognitive abilities and managerial competencies, factors affecting its development including individual factors (personal experiences, personality pattern, and individual values) and organizational factors (spirituality at work, organizational values and organizational will).Moreover, the results of developing this type of wisdom among the mentioned managers can be categorized as individual results (mental and psychological well-being), organizational results (improving service quality, stakeholder satisfaction, organizational dynamism and agility, organizational vitality and organizational citizenship behaviors) and social outcomes (social capital development). These results can be used in the creation and development of quantitative tools for measuring managerial practical wisdom and as a qualitative complement in evaluating the quality of decisions among hospital managers.

Keywords

  • Wisdom Management
  • Practical Wisdom
  • Public Hospitals
  • Interpretive Paradigm

JEL Classification

  • G0
  • I18
access type Open Access

Improving Public Service Culture With Reduction of Interest Conflicts in State-Owned Enterprises (SOEs) Task Enforcement in Emerging Markets - Case In Vietnam

Published Online: 31 Dec 2020
Page range: 49 - 68

Abstract

Summary

Nowadays, many developing countries such as China, India and Vietnam, etc. have been trying to improve public service culture in public service organizations through eliminating corruption, more integrity, and training and improving good corporate governance. Based on theories background on public service culture, or public administration culture and conflicts of interest, this paper aims to evaluate real situation of interest conflicts in public enforcement in Vietnam nowadays; then, it will use a combination of logic and synthesis, qualitative and quantitative methods, and inter-social scientific industries analytical method to propose some recommendations to reduce conflicts of interest in public enforcement in the country on the basis of further clarifying the concept of “public service culture” and “conflict of interest” in public service. For instance, the paper suggests that we need to amend regulations on giving and receiving gifts, and increase the control over assets and income.

Last but not least, we suggest future desired research direction: we can expand researches to other emerging markets in Asia, China, India, Malaysia, Myanmar, etc.

Keywords

  • public service culture
  • public task enforcement
  • conflicts of interest
  • public administration

JEL Classification

  • H1
  • H11
  • H83
access type Open Access

Behavioral Intention Of Young Consumers Towards The Acceptance Of Social Media Marketing in Emerging Markets

Published Online: 31 Dec 2020
Page range: 69 - 93

Abstract

Summary

The study identifies the factors that influence marketing through social media of users in the Vietnam market, conducted through qualitative and quantitative methods. The research results show that Intention to use social media marketing is directly affected by Attitude towards advertisement and Attitude to electronic words of mouth. Additionally, perceived usefulness, Search Level and Perceived risk are factors that directly affect Attitude towards advertisement. Whereas, material condition and perceived usefulness are factors that affect Attitudes towards electronic words of mouth. This study also provides some implications for marketers through social networks to increase the confidence and effectiveness of marketing campaigns and programs through this channel.

Keywords

  • Social media marketing
  • EWOM
  • attitude towards advertisement
  • intention to use

JEL Classification

  • M10
  • M3
  • M31
access type Open Access

Strategies of coping with failure in the structure of managers‘ professional burnout syndrome

Published Online: 31 Dec 2020
Page range: 94 - 106

Abstract

Summary

The report presents the results of research on predictors of professional burnout syndrome among women and men working in management positions. The research included over 2000 people working in a variety of workplaces. For the analysis of content and structure of burnout syndrome, 198 people with high probability for occurence of the burnout symptoms were qualified. In the study, a Polish version of Questionnaire of Behaviour and Experiences connected with AVEM (Arbeitsbezogenes Verhaltensund Erlebensmuster, Schaarschmidt, Fischer, 1997) were used. With the help of regression analysis, the key components of syndrome‘s structure were determined, with pointing to the leading significance of coping with failure and defensive attitude in enforcing its symptoms. Suggestions for prevention measures against the burnout syndrome which are concentrated on strenghtening the skill of coping with failure have been presented.

Keywords

  • professional burnout syndrome
  • resignation
  • coping with failure
  • offensive strategy

JEL Classification

  • M 120
access type Open Access

Job stress and organizational citizenship behavior among university teachers within Bangladesh: mediating influence of occupational commitment

Published Online: 31 Dec 2020
Page range: 107 - 131

Abstract

Summary

This study aims to explore the impact of job stress on organizational citizenship behavior (OCB) among university teachers in Bangladesh along with the mediating effect of occupational commitment (OC) on this relationship. An online questionnaire survey using the Google form was conducted to collect data from respondents. 244 valid samples were analyzed using bivariate correlation and regression analyses. The results of hierarchical regression analyses reveal that job stress is negatively and significantly linked to OC when controlling for demographic variables, such as age, gender, educational qualification, type of university, designation, and teaching experience; surprisingly, it has no significant effect on OCB. However, OC is positively related to OCB. Also, the OC has a full mediating influence on the linkage between job stress and OCB. With the support of mediation test, this study suggests OC as a personal resource and mechanism to better manage teacher job stress and improve OCB. Detailed implications and contributions have been discussed in the previous sections.

Keywords

  • job stress
  • occupational commitment
  • organizational citizenship behavior
  • university teachers
  • Bangladesh

JEL Classification

  • M12
  • I23
  • C83
access type Open Access

Plans for better business performance of Sony in Japan - and suggestions for management and financial accounting transparency

Published Online: 31 Dec 2020
Page range: 132 - 145

Abstract

Abstract

Through years Sony In Japan has shown success in bringing to the market high quality products, and via technical inventions. Today risk management is one of vital issues in Sony to maintain its reputation in global markets. The purpose of this study is to find out impacts of economic factors at macro level on net profit of a big technological giant like Sony.

We found that movement of net profit in big firms such as Sony will reflect the business health of technology system and the whole economy. The results of quantitative research, in a seven factor model, show that the increase in inflation, GDP (increasing too much) and lending rate and reducing risk free rate has a significant effect on reducing Sony net profit with the highest impact coefficient, the second is decreasing the exchange rate.

Last but not least, this study proposes risk management solutions and business management plans to lower business risks, cost and enhance its net profit.

Keywords

  • Sony net profit
  • stock price
  • lending rate
  • market interest rate

JEL Classification

  • M21
  • N1
access type Open Access

Impact of Macro Economic Factors and Financial Development on Energy Projects - Case in ASEAN Countries

Published Online: 31 Dec 2020
Page range: 146 - 157

Abstract

Summary

ASEAN (The Association of SouthEast Asian Nations) demand on energy is depending on economic growth of each country, resources, and political and regulations of each country. This study aims to investigate the role of international trade, financial development, foreign direct investment (FDI) on the consumption of renewable energy (RE) in ASEAN countries of the world. The findings explore that positive nexus among the international trade, real output, financial development, foreign direct investment and consumption of RE. Last but not least, this paper will propose several recommendations and policy suggestion for ASEAN countries to manage and encourage better renewable energy projects in the region. One of its original value is that, in the globalization and integration era, environment pollution will affect all ASEAN countries and in the region, so these nations need to link together to implement renewable projects for environment pr otection and for further generation.

Keywords

  • Commerce
  • Financial Development
  • Energy projects
  • macro policies

JEL Classification

  • E44
  • E60
access type Open Access

Sources of financing the activities promoting sport and physical education on the basis of the example of Polish foundations and associations

Published Online: 31 Dec 2020
Page range: 158 - 180

Abstract

Summary

At present 177 thousand associations and 26 thousand foundations operate in Poland, which are involved in many different areas of public benefit activities and finance their activities from various sources. The paper presents the results of own studies carried out on a sample of 100 public benefit organisations conducting activity in the area of supporting and promoting physical education and sport. The main objective of the paper concerns presentation of the possibilities of acquiring funds by the organisations to carry out the statutory tasks associated with the development of sport and physical education and the structure of sources of financing this activity in practice of Polish foundations and associations. The paper analyses legal regulations and domestic and subject literature, presenting possible financing sources of activity of Polish organisations. The empirical studies were carried out based on analysis of the content of substantive reports of public benefit organisations. The verification of statistical hypotheses was carried out using the structure indicator test. The results of the conducted studies confirm the main hypothesis, according to which the public benefit organisations finance the activity promoting sport and physical education mainly from public sources, with the funds originating from the local government budgets playing the most important role. The paper also presents the results regarding the structure of the funds originating from private sources and the mechanism of 1% of personal income tax. The paper tackles the subject seldom discussed in the literature and can play a role in the discussion on the system of financing the public benefit activities given the dynamic development of non-government organisations sector.

Keywords

  • public benefit organizations
  • foundations
  • associations
  • sport
  • physical education

JEL Classification

  • Z23
  • L30
  • M41
access type Open Access

The impact of related parties’ trading on the listed company’s earnings management - evidence in Vietnam

Published Online: 31 Dec 2020
Page range: 181 - 208

Abstract

Summary

This study considers the impact of related parties’ trading (RPTs) on the listed company’s earnings management level (EM) in Vietnam’s securities market, of which EM is measured according to the modified Jones model by Dechow and Associates (1995). Through using 5 more control variables as public. How auditing firm, firm size, financial leverage, revenue growth and operating cash flow affect EM, The research results show that RPTs impact the same dimension on EM level. The study provides empirical evidence of the impact of RPTs on the EM level of companies listed on Vietnam’s securities market. Among its results to science is that it indicated with evidence, the higher the RPTs are, the greater its EM level becomes. We also identify practical contributions and limitations showin in the conclusion section.

Keywords

  • Earnings management
  • Related parties trading
  • modified Jones model

JEL Classification

  • M4
  • M41
  • M48
access type Open Access

Current situation of Bitcoin management and use: perspectives from the world and recommendations for vietnam

Published Online: 31 Dec 2020
Page range: 209 - 235

Abstract

Summary

The research aimed to evaluate suitability of Bitcoin and its platform in emerging markets such as Vietnam. We used qualitative analysis combined with data collection method published, statistics, analysis, synthesis, comparison, to generate qualitative comments and discussion; evaluate results, the article analyzed and evaluated the impacts of Bitcoin and virtual currency on society of Vietnam, both positive and negative sides. It was found that virtual currency not accepted in Vietnam as means of payment yet, while many nations in the world accept it. We need to complete the legal framework for virtual currencies in general, Bitcoin in particular. The State should continue to have policies to improve information technology infrastructure, build and improve the capacity of the contingent of financial experts, encryption, and security experts and give warning risks in virtual currency transactions. The scientific value of paper is using experiences from previous studies in other countries to generate recommendations for conditions of Bitcoin development in merging markets. Last but not least, the research was limited to the case of Vietnam; hence, we can expand research to other Asian countries or other emerging markets.

Keywords

  • Bit coin
  • virtual currency
  • cryptocurrencies
  • Vietnam

JEL Classification

  • E42
  • E5
  • E51
access type Open Access

Pro-environmental actions of agricultural farms - example of holdings from the Wielkopolska region

Published Online: 31 Dec 2020
Page range: 236 - 250

Abstract

Summary

The main aim of the article is to identify pro-environmental actions in farms in the Wielkopolska region. The article uses the results of surveys carried out in 2020 in a group of 120 agricultural holdings from Wielkopolska running agricultural accounting according to the FADN (Farm Accountancy Data Network) system. The time scope of the analyses referred to the period 2016-2019, and in the case of economic data to 2018. The issue of pro-environmental activity on farms is complex due to the integration of the economic and environmental dimensions, which requires further scientific knowledge. It was found that the investigated farms in Wielkopolska, which undertook pro-environmental actions, most often realized it in the area of land improvement. The farms which showed the highest activity in terms of undertaken pro-environmental measures were more strongly connected with the market. The managers of these farms are open to innovative ecological solutions despite their quite high age (e.g. half of them are planning to install photovoltaics). It was also found that it was easier for larger farms to carry out pro-environmental measures due to the wider possibilities of income creation. In the case of smaller farms, there is a greater need to implement measures from the area of pro-environmental investments. In turn, in larger units, measures reducing production intensity, and in all groups concerning land improvement.

Keywords

  • farm
  • environment
  • income
  • Wielkopolska

JEL Classification

  • Q15
  • Q18
  • Q56
  • Q57

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