Incentives for Financial Risk Management in Vietnamese Enterprises: A Study on Their Determinants
This study aims to assess the factors affecting the incentives for financial risk management in Vietnamese enterprises. By employing multivariable binary logistic regression, the author examines the relationship between hedging decisions for firms’ financial risks and their determinants, namely fina...
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University of Economics Ho Chi Minh City
2023
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| Truy cập trực tuyến: | http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=3a28ade1-566c-4fa0-adbd-24462e003b57 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115572 |
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oai:scholar.dlu.edu.vn:DLU123456789-1155722023-03-08T04:10:10Z Incentives for Financial Risk Management in Vietnamese Enterprises: A Study on Their Determinants Nguyen, Khac Quoc Bao This study aims to assess the factors affecting the incentives for financial risk management in Vietnamese enterprises. By employing multivariable binary logistic regression, the author examines the relationship between hedging decisions for firms’ financial risks and their determinants, namely financial distress costs, tax, agency cost of debt, capital-market imperfections and growth opportunity, hedge substitutes, level of managerial utility, level of government influence, and size of firms. The results demonstrate that hedging decisions for financial risks have a positive correlation with costs of financial distress and managerial utility, and a negative correlation with government influence. These findings are agreeable to empirical results of previous researches that work out on the same case. 2023-03-08T04:10:10Z 2023-03-08T04:10:10Z 2015 Article 2615-9112 http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=3a28ade1-566c-4fa0-adbd-24462e003b57 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115572 10.24311/jabes/2015.22.2.02 en Journal of Asian Business and Economic Studies, Volume 22, Issue 02; p. 85-101 application/pdf University of Economics Ho Chi Minh City |
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Thư viện Trường Đại học Đà Lạt |
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Thư viện số |
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English |
| description |
This study aims to assess the factors affecting the incentives for financial risk management in Vietnamese enterprises. By employing multivariable binary logistic regression, the author examines the relationship between hedging decisions for firms’ financial risks and their determinants, namely financial distress costs, tax, agency cost of debt, capital-market imperfections and growth opportunity, hedge substitutes, level of managerial utility, level of government influence, and size of firms. The results demonstrate that hedging decisions for financial risks have a positive correlation with costs of financial distress and managerial utility, and a negative correlation with government influence. These findings are agreeable to empirical results of previous researches that work out on the same case. |
| format |
Article |
| author |
Nguyen, Khac Quoc Bao |
| spellingShingle |
Nguyen, Khac Quoc Bao Incentives for Financial Risk Management in Vietnamese Enterprises: A Study on Their Determinants |
| author_facet |
Nguyen, Khac Quoc Bao |
| author_sort |
Nguyen, Khac Quoc Bao |
| title |
Incentives for Financial Risk Management in Vietnamese Enterprises: A Study on Their Determinants |
| title_short |
Incentives for Financial Risk Management in Vietnamese Enterprises: A Study on Their Determinants |
| title_full |
Incentives for Financial Risk Management in Vietnamese Enterprises: A Study on Their Determinants |
| title_fullStr |
Incentives for Financial Risk Management in Vietnamese Enterprises: A Study on Their Determinants |
| title_full_unstemmed |
Incentives for Financial Risk Management in Vietnamese Enterprises: A Study on Their Determinants |
| title_sort |
incentives for financial risk management in vietnamese enterprises: a study on their determinants |
| publisher |
University of Economics Ho Chi Minh City |
| publishDate |
2023 |
| url |
http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=3a28ade1-566c-4fa0-adbd-24462e003b57 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115572 |
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1819764836431560704 |