Chuỗi hội thảo nghiên cứu trong lĩnh vực Ngân hàng – Tài chính – Kinh tế (SOBSR#4)

1. Session 1:

 Presentation: STUDIES OF FIRM EFFICIENCY ON STOCK RETURNS.

Presenter: Dr. Pham Thi Anh Thu¹,

School of Banking, UEH 

Abstract:   

This study provides strong evidence for a negative relationship between firm efficiency and average stock returns in the Australian market. Firm efficiency and industry concentration independently affect stock returns. Moreover, the findings indicate that the return anomalies are more likely due to mispricing in which arbitrage costs play an important role in explaining the efficiency effect.

Key words: Asset pricing, firm efficiency, industry concentration, arbitrage costs, Stochastic Frontier Approach

¹ Dr. Pham Thi Anh Thu joined the Faculty of Banking – UEH as a lecturer in 2004. She obtained her Ph.D. in Finance from Deakin University (Australia) in April 2015. Her current research interests include empirical asset pricing, macroeconomic risk and financial markets, corporate finance, and banking. 

2. Session 2:

Workshop: Factors Affecting Personal Financial Management Behaviors: Evidence from Vietnam

Authors: Nguyen Thi Ngoc Mien, Tran Phuong Thao

                University of Economics, Ho Chi Minh city

Presenter: Ms Nguyen Thi Ngoc Mien²

Lecturer of the Faculty of Economic Mathematics and Statistics, UEH

Abstract:

This study investigates factors affecting personal financial management behaviors by examining the relationships among four factors including personal financial attitude, financial knowledge, locus of control and financial management behaviors. The research model is examined by using a survey approach on the youth in Vietnam. In the paper, Cronbach’s alpha, exploratory factor analysis and confirmatory factor analysis were used to test measurement scale while the structural equation modeling is used for measuring the relationships. The findings suggest that, all three key factors have direct effects on financial management behaviors, in which they explained 62.1% of the variance of financial management behaviors of respondents. Financial attitude and financial knowledge significantly positive relate to financial management behaviors. Besides, the person who has more external locus of control leads worse financial management behaviors. In addition, the results do not support for the indirect effect of financial knowledge on financial management behavior through locus of control and the moderated role of financial knowledge on the relationship between financial attitude and financial management behavior. These findings could be useful references for related organizations as well as financial institutes that are interested in developing personal financial management in a context of emerging economies like Vietnam.

²Nguyen Thi Ngoc Mien joint the University of Economics since 2011 as a lecturer at the faculty of Economic Mathematics and Statistics. Graduated master degree of management from ISB, UEH, her research interests are among management, quantitative research methodology, statistics and finance.

Workshop materials: (Copy and paste the following link into the address bar to download). 

https://drive.google.com/folderview?id=0B1YNuE2CKF2Xak9qMUR0eWZlOEE&usp=sharing