Personality Traits, Perceived Risk, Uncertainty, and Investment Performance in Vietnam

Phung, Trang M. T.; Khương, Mai Ngọc

doi:10.17549/gbfr.2017.22.1.67

Cited by 8 publications

(5 citation statements)

References 30 publications

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“…The capital market acts as a liaison between investors companies and government agencies through trading in long-term instruments such as bonds, stocks, and others. Investment decision can come from firm earnings, dividend policy, fundamental performance of the company, micro/micro situation, and other economic indicator (Kim, Lee, Rhim, & Kang, 2006;Trang & Khuong, 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

Investment T rend o n Millennia ls a nd F intech F ra ud M itigation

2024

Glob Bus Financ Rev

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Purpose: This study analyzed the effect of financial literacy, social media, risk perception, and investment willingness on millennials in Jakarta, Indonesia quantitatively. This paper also discusses fraud mitigation qualitatively about the investment trend among millennials. Design/methodology/approach: This type of research is a mixed method between a quantitative approach to see the investment trend, and a qualitative approach to see how to mitigate fraud in the use of fintech. The population in this study are millennials residing in Jakarta with social media accounts and interest in investment in conventional and Sharia capital markets, and how fintech fraud can be anticipated. Findings: This research proves that in the different research groups but the same demography, the independent variable (financial literacy, social media exposure, and risk perception) simultaneously has an influence on millennials' Intention to invest, but does not partially affect it. Fraud in fintech can be prevented through technology, education, and regulation that are continuously reviewed and improved to provide higher relevancy. Research limitations/implications: This research is limited to the investment trend and fintech fraud mitigation on millennials in Jakarta, the capital city of Indonesia. Future research requires a wider age range and demographic of respondents. Originality/value: Investment trends among millennials have a high potential for fraud. To prevent fraud, the association, regulator, and society must be aware of the fraud practice, and technological advancement, evaluating continuously the rewards and punishments of the fintech service.

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Section: Literature Reviewmentioning

confidence: 99%

Investment T rend o n Millennia ls a nd F intech F ra ud M itigation

2024

Glob Bus Financ Rev

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“…Numerous academic articles conducted in the Vietnam setting showed consistent results with research in developed nations, indicating both positive and negative influences of ERM. Trang & Khuong (2017) explored how perceived risk directly affected investment performance in Vietnam. Kommunuri et al (2016) found that the Vietnamese market's perception of company value was higher for firms using ERM but indicated a statistically significant negative impact of ERM on firm performance as assessed by Return on Assets (ROA).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

The Effects of Enterprise Risk Management on the Performance and Risk of Vietnamese Listed Firms: Evidence from Abnormal Enterprise Risk Management Index

Hong

2023

Glob Bus Financ Rev

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Purpose: This paper examines the effects of Enterprise Risk Management (ERM), as measured by the Abnormal Enterprise Risk Management Index (ABERMI), on the performance and risk of Vietnamese listed firms. Design/methodology/approach: The paper employs a combination of three regression methods (Pooled Ordinary Least Squares, Fixed Effect Model and Random Effect Model) to test the effects of Enterprise Risk Managment on the performance and risk of Vietnamese listed firms in the period of 2010-2020. In addition, a two-stage re-gression model is used to calculate the ABERMI. Findings: The findings show that firms with effective enterprise risk management (ERM), as evidenced by their low abnormal enterprise risk management index, can enhance their business performance measured by Tobin's Q. Furthermore, good ERM helps firms reduce the risk of bankruptcy. However, the research proves that ERM is not associated with return on total assets and systematic risk. Research limitations/implications: Firm can employ Enterprise Risk Management (ERM) to efficiently and effec-tively manage risk. Additionally, applying a standard might further enhance the quality of risk management efforts by managers. Authorities can encourage the implementation of ERM to safeguard investor's wealth and indirectly protect the Vietnamese economy. Originality/value: Through a comprehensive analysis of various methodologies, this paper aims to uncover positive outcomes in exploring the impact of Enterprise Risk Management (ERM) on both risk and performance within the setting of Vietnamese listed firm.

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“…Đối với nhà đầu tư cá nhân, với 99% số người tham gia là nhà nhà đầu tư cá nhân (Trang & Khuong, 2017), là lực lượng nòng cốt đóng góp cho sự phát triển của thị trường chứng khoán Việt Nam. Do đó, các nhà chính sách cần quan tâm đến nhà đầu tư cá nhân nhiều hơn.…”

Section: Kết Luận Hàm ý Quản Trị Và đề Xuất Nghiên Cứuunclassified

“…Câu hỏi về sự căng thẳng được phát triển từ nghiên cứu của Liu và cộng sự (2021). Thang đo về mức độ hài lòng lợi nhuận đạt được có nguồn gốc từ Trang và Tho (2017) và được sử dụng rộng rãi bởi nhiều nghiên cứu(Luong & Ha, 2011; Akhtar và cộng sự, 2018;Akhtar & Das, 2020).Thang đo năm tính cách với 21 câu hỏi được phát triển bởi Kovaleva và cộng sự (2013), là phiên bản rút gọn của thang đo gốc(McCrae & Costa, 1997), và cũng được nhiều nghiên cứu sử dụng(Trang và cộng sự, 2016; Wihler và cộng sự;Trang & Khuong, 2017; Tuovinen và cộng sự, 2020). Mức độ hài lòng về lợi nhuận và tính cách được đo lường bằng trung bình cộng của các biến quan sát, dựa vào kết quả phân tích nhân tố khám phá (EFA) (được trình bày trong phần tiếp theo).…”

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Perceived Stress and Perceived Performance: A Study in The Vietnam Stock Market during The Covid-19 Pandemic

Minh

Huu

Văn

2022

JABES

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Literature on the effect of perceived stress and perceived performance is under-explored. Therefore, this study examines this relationship, using the 2021 survey data on 437 individual investors in the Vietnamese stock market, from February to July 2021. The results show that perceived stress has a negative effect on perceived performance after controlling for Big Five traits and demographics. In addition, the perceived stress significantly moderates the association between agreeableness, extraversion, and perceived performance. Male investors are less stressed and more satisfied with the achieved returns than female investors. Our findings have implications for policymakers, especially for financial markets where individual investors are the primary participants, in controlling the COVID-19 epidemic more effectively. More interventions to prevent the spread of the disease help investors reduce stress and increase their satisfaction with profits, which motivates them to continue to participate in the financial market and contribute to the development of the economy.

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Personality Traits, Perceived Risk, Uncertainty, and Investment Performance in Vietnam

Cited by 8 publications

References 30 publications

Investment T rend o n Millennia ls a nd F intech F ra ud M itigation

Investment T rend o n Millennia ls a nd F intech F ra ud M itigation

The Effects of Enterprise Risk Management on the Performance and Risk of Vietnamese Listed Firms: Evidence from Abnormal Enterprise Risk Management Index

Perceived Stress and Perceived Performance: A Study in The Vietnam Stock Market during The Covid-19 Pandemic

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