The study investigates the effect of bank fintech on the bank efficiency in Vietnam, an emerging country in Southeast Asia. Bank fintech variables are formulated using bank intangible assets, based on existing publications regarding fintech and the utilization of emerging technologies by commercial banks. In addition, the bank efficiency variable is calculated using the Data Envelopment Analysis approach. Our hypothesis suggests a positive effect, which aligns with previous studies. To collect the data, information was obtained from the annual reports, where banks disclosed their implementation of emerging technologies to enhance performance. The panel data of 23 banks from 2011 to 2020 were compiled from various sources, including Vietstock (annual reports and financial statements) and the World Bank (macroeconomic indicators). To test our hypothesis, the authors employed multiple approaches, including fixed-effect (FE), Random-effect (RE), Feasible Generalized Least Square (GLS), and Tobit approaches. The estimation results are mixed, with most suggesting a negative effect of bank fintech on the bank efficiency. This indicates that bank investments in technology innovation does not always yield effective results. These findings support the productivity paradox hypothesis, suggesting that an increase in technology innovation investment may decrease productivity. This study makes a significant contribution to the existing literature on the relationship between bank fintech and bank efficiency. Moreover, it provides evidence that bank investments in technology innovation may be ineffective for commercial banks in Vietnam. Keywords : Bank Fintech, Bank Efficiency, Vietnam DOI： https://doi.org/10.35741/issn.0258-2724.58.4.36
In order to fulfill the gaps in the literature, this research aims to develop and test a model for tourist's ecotourism loyalty and eWOM. This research is different from the previous research since the research model integrates the expectation confirmation theory and the theory of planned behavior. Accordingly, this study contributes to the literature by creating the possibility to explore how tourist's ecotourism loyalty and eWOM are greatly influenced by tourism experience, which aligns with previous research findings. This research will emphasize the tourist's ecotourism satisfaction and personal behavior intentions. Therefore, this study is the first of its kind to the study's theoretical contribution through a model to enhance understanding of tourist's ecotourism loyalty and eWOM in Vietnam. The research findings tell us that developing entertainment services, fun learning, and emotional experience influenced tourists' ecotourism loyalty and eWOM in Vietnam. The government agencies and ecotourism managers should also emphasize these factors when implementing strategies and policies to enhance ecotourism.
Facebook is a popular social networking platform used for a variety of uses, including general and educational purposes. Digital links between teachers and students can now be created, removing physical distance barriers and enhancing the transformation of knowledge, data, and other tools. This research uncovered several variables that affect business students' usage of Facebook, primarily for educational purposes. A total of 611 business students from various Lahore universities took part in the survey. The data was then evaluated using the R programming language. To determine the relationship between latent and observable variables, the Structural Equation Model (SEM) was used. The relationship between latent variables was determined using path analysis. The findings revealed that social impact on business students could contribute to Facebook adoption. Finally, rather than its use as a social networking platform, Facebook's adoption has broadly explained its educational use.
The study examines the link between firm-level investment and firm performance moderated by economic policy uncertainty in the manufacturing sector of Pakistan across the six years from 2015–2020. The System-GMM estimation has been employed to demonstrate the problem of endogeneity with dynamic linear and non-linear models. The study revealed that the moderating impact of economic policy uncertainty has negative and significant impact on investment (investment in tangible assets, investment in intangible assets, and financial leverage) and firm performance (Tobin’s Q). Similarly, economic policy uncertainty regarding investment and firm performance (ROA) is negative and significant in investment in tangible assets, but positive and significant in financial leverage. Our findings remain constant over a range of variable characteristics, even after accounting for endogeneity issues. Our main contribution is the finding that investment and firm performance have a negative and significant relationship with economic policy uncertainty. As economic policy uncertainty raises the firm level, investment decreases, which ultimately impacts firm performance negatively. Thus, the study advises that policymakers make an effort to minimize the effect of economic policy uncertainty at a certain level. They must keep this uncertainty within a reasonable range since increased economic policy uncertainty will push businesses to minimize their short-term and long-term investments.
This study is an empirical literature review about the strategic adaptation in the context of COVID-19 that is a cause of economic shock.We reviewed existing publications and determined that COVID-19 is an economic shock; it significantly influences firm strategy.Besides that, the fintech company's characteristics and the firm respondents' experience lessons from the previous crisis are explored, which are the background to propose the two strategic adaptations for the fintech company.Firstly, the consolidation strategy for the time of COVID-19 contains three respondents: maintain frequent operational activities, increase research and development investment, and implement marketing campaigns.Secondly, in the spreading strategy for the post-COVID-19 period, we recommend a product and customer diversification strategy, concentrating on the risk of law and allocating resources efficiently.Besides that, we discuss the trend of an alliance network between the fintech company and the traditional financial institution, like the win-win strategy for both entities.Furthermore, suggestions for the directors of the fintech companies and directions for further research are proposed.
This study examines how monitoring activities by group leaders and social ties within groups influence repayment rates in the Vietnam Bank for Social Policy’s group lending program in the Mekong Delta. Data used in this paper was obtained from a survey of 675 members from lending groups in 5 provinces in the Mekong Delta in September 2022. The analysis finds a negative relationship between the leader’s social ties and repayment rates, implying that strong social ties might hinder enforcement. However, the impact of leader monitoring, member-level monitoring, and social ties was not statistically significant. Interestingly, group characteristics like size and regulations may play a more significant role in reducing repayment problems.
The selection of financing is a top priority for businesses, particularly in short- and long-term investment decisions. Mixing debt and equity leads to decisions on the financial structure for businesses. This research analyzes the moderate position of company size and the interest rate in the capital structure over six years (2013–2018) for 29 listed Pakistani enterprises operating in the sugar market. This research employed static panel analysis and dynamic panel analysis on linear and nonlinear regression methods. The capital structure included debt to capital ratio, non-current liabilities, plus current liabilities to capital as a dependent variable. Independent variables were profitability, firm size, tangibility, Non-Debt Tax Shield, liquidity, and macroeconomic variables were exchange rates and interest rates. The investigation reported that profitability, firm size, and Non-Debt Tax Shield were significant and negative, while tangibility and interest rates significantly and positively affected debt to capital ratio. This means the sugar sector has greater financial leverage to manage the funding obligations for the better performance of firms. Therefore, the outcomes revealed that the moderators have an important influence on capital structure.
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