Journal of International Economics and Management

1-21

Authors: Tran Hue Chi, Phan Tran Trung Dzung

This paper investigates factors affecting cash holdings of materials firms listed on Vietnamese stock exchanges. The study shows that leverage, profitability, cash conversion cycle, cash flows, and growth opportunities significantly affect the level of cash holdings of Vietnamese materials companies by analyzing data collected from 51 companies over seven years (2013-2019) and using FGLS procedure on fixed effect estimation. This study adds more insights in the field of liquidity management in general and cash management in particular by determining factors influencing cash holdings. Outcomes from this research would help managers, investors, and consultants make corporate governance decisions.

47-72

Authors: Hien Thi Tran, Dat Quoc Nguyen, Hoan Dong Hoang

This paper explores factors of success/failure of new ventures in a startup hub city in an emerging country. The study uses the data from 27 personal interviews with local entrepreneurs in Hanoi, Vietnam. The business model, financial capital, human resources (i.e., human capital, social capital, psychological capital, cultural capital), technology, and the entrepreneurial orientation (i.e., innovative, problem-solving, risk-taking, and proactive) emerge as the factors of success/ failure of an entrepreneurial venture. Interestingly, technology is important but not as critical to the business model for the success of new ventures; and proactiveness but not autonomy is also a crucial success factor. The role of cultural capital is also an important input to the model. A conceptual model of success/failure factors of entrepreneurial ventures is developed from the findings, and the implications are discussed.

91-107

Authors: Tran Thi Kim Anh, Hoang Ha Anh

Digital transformation has been progressively attracting attention with its important influence on accounting and auditing in recent decades. This study aims at understanding the perception of digital transformation effect on audit quality to find out the digital challenges in auditing works at all stages. This study explores the perception of the effect of digital transformation on audit quality on four aspects, including audit users’ perception, regulations related to audit, auditors’ work, and auditors’ professional profile. A quantitative method is applied with data collected from a survey with 136 specialists in auditing. The results show a positive relationship between perception of digital transformation and audit quality. Recommendations from the findings are proposed for auditors, audit firms, and policymakers to adapt to the evolution of technology.