Banking system reform in Vietnam

The thesis aims to investigate the impact of state ownership and banking system reform on the relationship between firm’s investment and internal cash flows in the context of small transition economy – Vietnam.

24p trinhthamhodang8 20-10-2020 36 3   Download

The study examines the effect of state ownership on the relationship between investment and cash flow in Vietnam, a small transitional economy.

178p trinhthamhodang8 20-10-2020 9 1   Download

The second essay examines the effect of banking system reform, which is defined by the presence of foreign banks, on investment-cash flow relation in a context of a small transition economy. I find evidence that the presence of foreign banks in Vietnam results in decreasing in firm’s dependence on local banks and has changed their financial constraint. Company investments are less reliant on internal cash flow in the post reform period.

178p kequaidan6 15-07-2020 25 2   Download

The study applies quantitative method on non-balanced panel samples of Vietnamese listed firms which are extracted from the Thomson Reuters database and manually collected from companies’ annual reports. All the regressions are estimated by Generalized Least Squared (GLS) method to fix the heteroscedasticity problem and robusted by Generalized Method of Moment (GMM) for endogeneitity potential.

24p kequaidan6 15-07-2020 25 1   Download

The thesis focuses on the study of the restructuring process of the Vietnamese banking system from 2007 to 2015, in conjunction assesses different financial structure of the system before and during the implementation stage in the restructuring. More specifically, it examines how the restructuring measures effect on the performance of the commercial banks and whether the process of restructuring in the sample period increases the operational efficiency of the banks or not. It also explores the effect of reform on Vietnam’s bank structure and performance.

23p dungmaithuy 18-09-2019 35 2   Download