TY - BOOK ID - 146063836 TI - Contemporary Issues in Business and Economics AU - Chang, Chia-Lin AU - Vo, Duc Hong PY - 2020 PB - Basel, Switzerland MDPI - Multidisciplinary Digital Publishing Institute DB - UniCat KW - Technology: general issues KW - fiscal autonomy KW - fiscal decentralisation KW - fiscal importance KW - DGMM KW - Vietnam KW - performance KW - internationalization KW - organizational slack KW - ASEAN KW - CO2 emissions KW - economic growth KW - EKC KW - energy consumption KW - Granger causality KW - VECM KW - urbanization KW - income inequality KW - Driscoll and Kraay KW - PMG KW - agricultural commodity prices KW - volatility KW - crude oil prices KW - structural vector autoregressive model KW - impulse response functions KW - pecking order theory KW - trade off theory KW - capital structure KW - GMM KW - listed firms KW - industry level KW - corporate financial distress KW - bankruptcy KW - distance to default KW - fundamentals KW - Global Financial Crisis KW - double taxation treaty KW - trade KW - gravity model KW - financial development KW - FMOLS KW - DOLS KW - emerging markets KW - corporate social responsibility KW - textile and garment industry KW - foreign direct investment (FDI) KW - endogenous growth KW - developing countries KW - financial inclusion KW - Fintech KW - risk KW - foreign direct investment KW - competitiveness KW - exchange rate regime KW - Asia KW - Reinhart and Rogoff KW - cultural distance KW - entry mode KW - equity joint venture KW - wholly owned subsidiary KW - fiscal decentralization KW - exchange rate KW - Asian region KW - fiscal autonomy KW - fiscal decentralisation KW - fiscal importance KW - DGMM KW - Vietnam KW - performance KW - internationalization KW - organizational slack KW - ASEAN KW - CO2 emissions KW - economic growth KW - EKC KW - energy consumption KW - Granger causality KW - VECM KW - urbanization KW - income inequality KW - Driscoll and Kraay KW - PMG KW - agricultural commodity prices KW - volatility KW - crude oil prices KW - structural vector autoregressive model KW - impulse response functions KW - pecking order theory KW - trade off theory KW - capital structure KW - GMM KW - listed firms KW - industry level KW - corporate financial distress KW - bankruptcy KW - distance to default KW - fundamentals KW - Global Financial Crisis KW - double taxation treaty KW - trade KW - gravity model KW - financial development KW - FMOLS KW - DOLS KW - emerging markets KW - corporate social responsibility KW - textile and garment industry KW - foreign direct investment (FDI) KW - endogenous growth KW - developing countries KW - financial inclusion KW - Fintech KW - risk KW - foreign direct investment KW - competitiveness KW - exchange rate regime KW - Asia KW - Reinhart and Rogoff KW - cultural distance KW - entry mode KW - equity joint venture KW - wholly owned subsidiary KW - fiscal decentralization KW - exchange rate KW - Asian region UR - https://www.unicat.be/uniCat?func=search&query=sysid:146063836 AB - This book is a collection of high-impact papers accepted and presented at the 2019 Vietnam’s Business and Economics Research Conference (VBER2019) organised by Ho Chi Minh City Open University held on 18th–20th July 2019. The Special Issue is associated with a broad coverage of the contemporary issues in Business and Economics in Vietnam and other emerging markets reflecting a key theme of VBER2019: Vietnam’s Place in the Asia Pacific Region. A total of 14 papers were published from more than the 120 submissions to the VBER2019 Conference. Published papers had been undergone a rigorous reviewing process conducted by the Journal of Risk and Financial Management. The papers incorporated in this book address contemporary issues in business and economics from Vietnam and other emerging markets in the Asian region from various angles such as economics, finance, and statistics to management science. At the time of writing this note, some of the papers have attracted more than 1000 downloads in 3 months. In particular, a paper on “Foreign Direct Investment and Economic Growth from Developing Countries in the Short Run and Long Run” by Trang Thi-Huyen Dinh and her team has attracted almost 6000 downloads in 3 months. These statistics indicate that the papers published in this Special Issue have attracted the wide interest of readers. Among these 14 published papers, three main areas of important contemporary issues in Business and Economics in the Asian region can be identified. First, a block of papers deals with various important and fundamental issues in the emerging markets the Asian region, from exchange rate regime, financial inclusion, and financial development to energy consumption and environmental degradation. On the issue of CO2 emissions, energy consumption and economic growth in the ASEAN, Vo, Vo, and Le utilized various time series econometrics approaches. Key findings from this paper indicate that there are no long-run relationships among carbon dioxide (CO2) emissions, energy consumption, renewable energy, population growth, and economic growth in the Philippines and Thailand, but a relationship does exist in Indonesia, Myanmar, and Malaysia. Loo, in his paper on financial inclusion for the ASEAN, concluded that advancing internet capability and availability present investors an opportunity to offer financial technology or Fintech to meet the need for financial services in this digital era. Second, a challenge in quantitative studies for a single country, such as Vietnam, with limited data is generally noted. However, various empirical studies on Vietnam’s business and economics issues have been conducted. Nguyen, Quan, and Pham examined the cultural distance and entry mode of foreign direct investment in Vietnam. A key finding from their paper is that when there is a great cultural difference between Vietnam and their home country, foreign-invested firms prefer wholly owned subsidiaries over equity joint ventures. Within the Vietnamese market, Pham, Vo, Ho, and McAleer conducted a study on the issue of corporate financial distress. The authors conclude that the corporate financial distress prediction model, which includes accounting factors with macroeconomic indicators, performs much better than alternative models. In addition, the evidence confirms that the global financial crisis (GFC) had a damaging impact on each sector, with the Health & Education sector demonstrating the most impressive recovery post-GFC, and the utilities sector recording a dramatic increase in bankruptcies post-GFC. At another extreme of the spectrum, Van and Nguyen considered that competitive context, social influences, the understanding of managers about corporate social responsibility (CSR), and the internal environment of companies are the four drivers of CSR. The authors also argued that in the four drivers, competitive context has the strongest impact on adopting CSR. Third, last but not least, various papers focus on an important aspect of public finance. For an example, Pham, Pham, and Ly documented the effect of double taxation treaties on the bilateral trade of Vietnam with ASEAN member states, thereby making an extensive comparison with its EU partner countries. Their findings indicate the significant contributions of the tax treaties to Vietnam’s trade performance, not exclusively with ASEAN but also with EU partner countries. In addition, regarding public finance for Vietnam, Nguyen, Vo, Ho, and Vo investigated the contribution of fiscal decentralisation to economic growth across provinces in Vietnam. For the first time in Vietnam, the fiscal decentralisation index together its two subcomponents, including fiscal importance and fiscal autonomy, are developed. Findings from this paper indicate that while fiscal importance and an overall level of fiscal decentralisation have provided negative impact on provincial economic growth, fiscal autonomy has a positive impact on economic growth across provinces in Vietnam. ER -