Binh Thi Thanh Dao

Hanoi University · Department of Finance

Food choices that shape human diets and health are influenced by various socioeconomic factors. Vietnam struggles to meet many nutrition targets where links between food choice and diet have not been widely explored. This study assesses the food choice motives, based on a 28-item food choice questionnaire (FCQ), and the diet quality of 603 adults i...

Purpose Financial ratios are often used to classify firms into different clusters of financial performance. This study aims to classify firms using financial ratios with advanced techniques and identify the transition matrix of firms moving clusters during the COVID-19 period. Design/methodology/approach This study uses compositional data (CoDa) a...

Objectives To estimate the cost and affordability of healthy diets recommended by the 2016-2020 Vietnamese food-based dietary guidelines (FBDGs). Design Cross-sectional analysis. The Cost of a Healthy Diet (CoHD) indicator was used to estimate the lowest cost of healthy diets and compare the cost differences by food group, region, and seasonality....

Although Vietnam has achieved significant improvements in maternal, newborn, and children’s health, outcomes for ethnic minorities living in remote mountainous areas continue to lag. Interventions that leverage the extensive mobile networks in the country have been proposed as a way to overcome some of these challenges. A cluster randomised control...

This study makes effort in considering the static structural models with the endogenous bankruptcy boundary in order to maximize the firm’s value. This research starts with highly recognized theoretical frameworks on the capital structure including Modigliani and Miller Theory’s contribution, trade-off theory, agency theory, pecking order theory an...

Purpose This study, using stakeholder approach, aims to examine the impact of corporate governance and risk-taking on the performance of the top 100 nonfinancial listed firms in Vietnam from 2015 to 2019. Design/methodology/approach The theoretical and empirical studies are reviewed for rational hypotheses development. Firm performance is represen...

This study was conducted with the objective of evaluating the influence of knowledge management on the research capacity of university lecturers in Hanoi. First, the decision system analysis method was used for the decision-making process of the knowledge management model through three rounds of interviews with 15 experts from universities, researc...

Predicting fund performance is beneficial to both investors and fund managers, and yet is a challenging task. In this paper, we have tested whether deep learning models can predict fund performance more accurately than traditional statistical techniques. Fund performance is typically evaluated by the Sharpe ratio, which represents the risk-adjusted...

Our study investigates the interlink between liquidity, corporate governance and firm value with the adoption of meta-analysis. The final sample consists of 428 studies extracted from 55 papers, covering 632,196 firm-year observations in a worldwide scope. The diversity in data is believed to reduce possible homogeneity due to regional or time peri...

This is translation of EFA in Vietnamese

This is translation of SEM in Vietnamese

This is translation of CFA in Vietnamese

This study investigates the impact of socially responsible factors on corporate performance, including industries from the manufacturing and service /non-manufacturing sector. The study analyzes data of 50 Vietnamese private companies from 2015 to 2019. The analyses use five groups of stakeholders, including shareholders, employees, consumers and s...

Risk-taking is a topic that has been studied for many years in finance under the famous slogan in the financial industry “Higher risk, higher return”. Nevertheless, empirical results have shown different scenarios. Using a sample of 56 researches with 406 studies covering millions of companies globally in the period from 2010 to 2020, this study ap...

Our study investigates the interlink between liquidity, corporate governance and firm value with the adoption of meta-analysis. The final sample consists of 428 studies extracted from 55 papers, covering 632,196 firm-year observations in a worldwide scope. The diversity in data is believed to reduce possible homogeneity due to regional or time peri...

The paper attempts to investigate the optimal capital structure of Vietnamese listed firms based on a structural approach. Using the data from around 70 companies in the Consumer Staples sector listed on the Vietnamese Stock Exchange during the period 2018–2020, this study finds that the optimal capital structure of examined companies has a wide ra...

This paper studies how to construct and compare various optimal portfolio frameworks for investors in the context of the Vietnamese stock market. The aim of the study is to help investors to find solutions for constructing an optimal portfolio strategy using modern investment frameworks in the Vietnamese stock market. The study contains a census of...

This study aims to investigate and evaluate factors related to the knowledge management model at universities in Hanoi, Vietnam. Based on the system literature review (SLR) approach, the study follows descriptive and inductive approach results of the document review process. Eight factors were synthesized with the fuzzy analytic hierarchy process (...

Article History Keywords Corporate governance Firm performance Earnings management Corporate governance ROA BOD. JEL Classification: G3. This paper investigated the impact of corporate governance and earnings management on firm performance, both as separate variables and as a combined one. Company size, supervisory size and auditors have negative a...

Playing an important role in developing the economy and overall developments of the country, commercial banks have to be aware of their crucial presence in order to perform well and contribute significantly. At the same time, as a place to receive deposits, banks are required to be in safe situations to avoid bankruptcy or deal with financial crise...

Using the data of 46 unlisted small and medium enterprises divided into two categories, consisting of 23 bankrupted and non-bankrupted enterprises, the study examined some aspects of bankruptcy risk prediction based on the logistic regression model to identify the most important financial factors related to viability of small businesses. The most n...

Purpose The paper aims at providing insights on the relationship between capital structure and performance of the firm by employing meta-analytical approach to obtain a synthesized result out of controversial studies as well as the sources for such inconsistency. Design/methodology/approach Using secondary data, the analysis is divided into two ma...

This research provides a systematic picture on the topic of “How corporate governance influences on firm performance?” through the application of meta-analysis on over 251 studies covering 24,867 businesses of 37 distinguished published papers. Using meta-analysis, by proceeding HOMA procedure, it is statistically evidenced that better corporate go...

Using the data of 46 unlisted small and medium enterprises divided into two categories, consisting of 23 bankrupted and non-bankrupted enterprises, the study examined some aspects of bankruptcy risk prediction based on the logistic regression model to identify the most important financial factors related to viability of small businesses. The most n...

This paper focuses on those structural models with an endogenous default barrier where firms optimally choose a default boundary so as to maximize the equity value. The analysis commences to cover avowedly theoretical frameworks from pioneering works by Black-Scholes (1973) and Merton (1974) on zero-coupon debts to later extensions of those models...

Operation Risk is inherent in every commercial bank, however little attention was paid by Vietnamese Commercial banks to embed Operational Risk management together with Credit Risk management or business planning strategies. The aim of this paper is gauging of Operational Risk in Vietnamese Commercial banks on two folds, one through analyzing the i...

Corporate governance is one of the most vital issues in this compound environment at present, which is indicated by the fact that the success or failure of firms strongly depends on performance of the control that board of directors and executive board, take on corporations’ activities. This issue has attracted a variety of researches worldwide, an...

Since the globally financial crisis occurred in 2008, Supervisory has become one of the most centric activities that all banks' governors over the world are focusing on and Vietnamese banking system is not an exception. The State Bank of Vietnam is required to loosen the entry barriers for foreign entity at the WTO integration as well as to tighten...

As the main function of bank is borrowing from their customers to make loans to others, so default risk is the oldest, the most important and primary risk in banking sector. Especially in these years after the recent financial crisis 2008, a huge amount of banks’ loan unfortunately became bad debt, default probability of banks consequently increase...

As a main function of bank is accepting or borrowing from their customers or credit institutions to make loans to others, default risk is the oldest, the most important and primary risk in banking sector. Especially in these years after the recent financial crisis, a huge amount of banks’ loan unfortunately became bad debt, default probability of b...

The issue of corporate governance has been increasingly popular in recent years. Corporate governance is considered as one of the most critical factors influencing firm performance, especially listed firms that belong to an Index. This paper is aimed at filling the gap by presenting the issue of corporate governance in terms of both theoretical fra...

Corporate governance has become one of the most popular phenomena that draw the worldwide attention recently as this issue has significant influences on the performance of almost every business. Regarding banking industry, the adoption of good corporate governance is much more vital, because a smooth and well-performed banking system lies at the he...

In this paper, we consider a structural model where two firms following jump diffusion processes have the same Poisson process (i.e. the moment of jumps is the same) and the jump sizes are correlated. In the market, we also observe this kind of phenomenon whereby firms experience the same jumps. We first establish the characteristics of the pair of...

In this paper, we establish the formulae of the "truncated" Laplace transform, the exercise boundary and the value function of the perpetual American put. The general results in the case of spetrally neg-ative jump diffusion processes are first presented. Second, we present the results on the value function for the Uniform jump diffusion case as we...

This study extends the framework of Merton (1976) by examining the corporate defaultable debt, the equity and the firm values with jump dif-fusion processes. We look at the correlation effect of cascade falls in firm values on the value of the debt and its credit spreads. Two kinds of jumps have been chosen, including the double exponential jumps a...

Stock indices prove their capacity as a powerful predictive tool, an effective performance benchmark, a measure of market efficiency and underlying assets for financial investment products. Vietnamese stock market currently enjoys a strong developing potentiality that promises profitable opportunities for investors. As part of broadly market restru...

The paper aims to elaborate the long-run relationship between budget deficit and other macroeconomic variables so as to investigate the impact of deficit on the economic development in Vietnam. The Autoregressive Distributed Lag (ARDL) approach is applied to analyze quarterly data from 2003Q1 to 2012Q4, which then concludes that there is a long-run...

Since the globally financial crisis occurred in 2008, Supervisory has become one of the most centric activities that all banks’ governors over the world are focusing on and Vietnamese banking system is not an exception. The State Bank of Vietnam is required to loosen the entry barriers for foreign entity at the WTO integration as well as to tighten...

The recent global credit and liquidity crisis have underscored the importance of systemic risk, especially in the banking system, which is the risk of the failure of the financial system caused by the default of one banking institution. The challenging environment has weakened Vietnamese banking sector, thus, there exists a worry about bank sector...

Vietnamese stock market is considered immature and unstable as the outside influence of economy and the weakness of market system. Herding behavior tends to exist in emerging market with lack in transparency, efficient information and macro financial management. Therefore, this research is conducted to examine the existence of herding in Vietnamese...

The presence of political connection among firms has been popular in the world because of its potential benefits to performance of these firms. Noticeably, in the backward financial system and highly corrupted countries, the relationship-based firms become more common and better recognized phenomenon since political linkage may help firms reduce si...

During the process of rapid economic development in Vietnam, the government has confirmed its crucial role of as an active regulator and participant in the market. Nonetheless, it is a common controversy whether the increase in government spending and budget deficit has beneficial influence on the growth of the economy. The paper aims to elaborate...

The paper aims to elaborate the long-run relationship between budget deficit and other macroeconomic variables so as to investigate the impact of deficit on the economic development in Vietnam. The Autoregressive Distributed Lag (ARDL) approach is applied to analyze quarterly data from 2003Q1 to 2012Q4, which then concludes that there is a long-run...

The paper aims to elaborate the long-run relationship between budget deficit and other macroeconomic variables so as to investigate the impact of deficit on the economic development in Vietnam. The Autoregressive Distributed Lag (ARDL) approach is applied to analyze quarterly data from 2003Q1 to 2012Q4, which then concludes that there is a long-run...

Nowadays, especially in the period of financial crisis, credit rating has been playing a very important role in analyzing the economy. A good credit rating can improve the marketability or pricing of the financial obligations, to increase a company’s trustworthiness to business counterparties. Therefore, it is crucial to establish a reliable credit...

This paper examines the effects of interest rate regulation and deregulation on economic growth and especially on banking system for the case of Vietnam. It focuses on the impact of deposit ceilings on banking system. Using econometric models and qualitative analysis, we find that deposit ceiling can be a potential tool to limit the bank risk in Vi...

Game theory, a mathematic approach to analyze strategic interaction, has inevitably played an important role in studying and research into politics, biology, psychology; and mostly active in economics issues. Particularly, game theory seems to be an effective tool when analyzing sovereign debt negotiation, when a country falls to serve its public d...

We extend the framework of Leland, who proposed a structural model of rollover debt structure in a Black–Scholes framework.We apply this to the case of a double-exponential jump-diffusion process, considering a trade-off model with firm risk, risk-free interest rate and payoff rate parameters as well as tax benefits for coupon payments, default cos...

The issue of corporate governance has been increasingly popular in recent years. Corporate governance is considered to be one of the most critical factors influencing firm performance and in banking sector it is particularly important as banks play a specific role in the economic system through the way it facilitates capital allocation and help min...

The issue of corporate governance has been increasingly popular in recent years. Corporate governance is considered to be one of the most critical factors influenc- ing firm performance and in banking sector it is particularly important as banks play a specific role in the economic system through the way it facilitates capital allocation and help m...

In this paper, we extend the framework of Leland (1994b) who proposed a structural model of roll-over debt structure in a Black-Scholes framework to the case of a double exponential jump diffusion process. We consider a trade-off model with firm's parameters as firm risk, riskfree interest rate, payout rate as well as tax benefit of coupon payments...

In this paper, we extend the framework of Leland's 94 by examining corporate debt, equity and firm values with jump-difffusion processes. We choose two kinds of jumps such as the uniform and double exponential jumps to model the distribution of the log jump sizes. By this choice, we are able to derive closed-form results in both models for equity,...

In this paper, we extend the framework of Leland’s 94 by examining corporate debt, equity and firm values with jump difffusion processes. We choose two kinds of jumps such as the uniform and double exponential jumps to modelise the distribution of the log jump sizes. By this choice, we are able to derive closed-form results in both models for equity,...