Corporate governance practices have changed significantly across the world in the past three decades. Spectacular corporate failures during this period have acted as a catalyst for the development of codes and guidelines that have resulted in the global acceptance of a ‘best practice’ model. This study assesses the relevance of such a ‘one size fits all model’ for the developing nation state of Vietnam. The findings of this analytical paper is that there are three key elements (government, international institutions and the nature of business) that are pertinent and central to corporate governance developments in the country. We also find that the quality of corporate governance in Vietnam is at a medium level when compared to international practices. Vietnam still has a long way to go to construct and embed effective corporate governance policies and practices and promote ethical business behaviours and sound decision making at board level.
This research explores the influences of selfish personalities of dark triad on start-up intention and motives based on a sample of 400 university students in Vietnam, discovering mixed effects of narcissism, psychopathy, and Machiavellianism. A high level of narcissism and Machiavellianism leads to high start-up intention. There is a negative relationship of Machiavellianism with pro-social motive and a positive association with selfish entrepreneurship. In addition, narcissism is positively associated with pro-social star-tup motives. This study has found no effect of psychopathy but a positive link to selfish entrepreneurial motivation. Implications have been suggested for educators and investors.
This research explores the influences of selfish personalities of the Dark Triad on start-up intention and motives based on a sample of 400 university students in Vietnam, discovering mixed effects of narcissism, psychopathy, and Machiavellianism. A high level of narcissism and Machiavellianism leads to high start-up intention. There is a negative relationship of Machiavellianism with pro-social motive and a positive association with selfish entrepreneurship. In addition, narcissism is positively associated with pro-social start-up motives. This study has found no effect of psychopathy but a positive link to selfish entrepreneurial motivation. Implications have been suggested for educators and investors.
While research on entrepreneurial intention is popular around the world and relies mostly on data from university students, a question open to academics is: 'do working people's perceptions of their employment affect their start-up intention?'. An answer to this question would be useful for employers and other stakeholders, hence, this article aims to explore the impact of young employees' perception of their current paid jobs on their entrepreneurial intention via the mediator of job satisfaction.
Research Design & Methods:A sample of 272 working people aged 25 to 30 from all three regions of Vietnam with a structure corresponding to the whole population was used to conduct a quantitative study utilising structural equation modelling (SEM). The research model was established based on the entrepreneurship event model (EEM), the theory of planned behaviour (TPB), and the job characteristics model. Findings: Young employees' perceptions of current job characteristics (perception of work meaningfulness, responsibility, and results) positively impact their current job satisfaction. In turn, job satisfaction mediates the relationship between the perception of current job characteristics and the entrepreneurial intention of young employees, with its positive effect on the intention. Implications & Recommendations: Employers should design jobs with many opportunities for learning, and create an intra-entrepreneurial working environment to take advantage of the employees' start-up intention and keep the talents.
Contribution & Value Added:The findings of this research challenge our long-held belief that job satisfaction has a negative relationship with entrepreneurial intention. The explanation was found in the new employee generations' high need for learning opportunities. In addition, the study also investigated entrepreneurship through a new lens combined of the entrepreneurship event model (EEM), the theory of planned behaviour (TPB), and the job characteristics model and demonstrated the power of these theories.
To assess corporate governance quality is the need of most board directors and other stakeholders, since such assessment is good foundation for next improvement plans. In an effort to meet such demand, this article will introduce 2011-assessment of corporate governance quality of companies listed in Hanoi stock exchange (HNX) based on Gov-score criteria. The findings from a two-step survey show that corporate governance quality of HNX companies is at medium level (25.73/51), only meets minimum requirements by current legal provisions. To raise the corporate governance quality, the author suggests two solutions. The first is to consider framework improvement the leverage for enhancing corporate governance quality at company level, and the second is to promote corporate governance education for all related groups. The second solution will be most effective if it is targeted at business undergraduate students to enable them understand why corporate governance right from their career start, so we suggest to incorporate the subject as an important course for business undergraduate students in their final school year.
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