国際起業家精神ジャーナル

1939-4675

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The Evaluation of Impacts of a Seven Factor Model on NVB Stock Price in Commercial Banking Industry in Vietnam - And Roles of Discolosure of Accounting Policy in Risk Management

Dr. Nguyen Thi Thanh Phuong, Dinh Tran Ngoc Huy, Dr. Pham Van Tuan

Risk management including stock price impacts and fluctuations and disclosure of accounting policy aspect is becoming vital in commercial bank system. Navibank (NVB), later became NCB, in Vietnam has restructured and recruits more qualified officers in banking industry and build new retail strategy serving SMEs more. Fluctuation of stock price in commercial banks in developing countries such as Vietnam will reflect the business health of bank system and the whole economy. Good business management requires us to consider the impacts of multi macro factors on stock price, and it contributes to promoting business plan and economic policies for economic growth and stabilizing macroeconomic factors. By data collection method through statistics, analysis, synthesis, comparison, quantitative analysis to generate qualitative comments and discussion; using econometric method to perform regression equation and evaluate quantitative results, the article analyzed and evaluated the impacts of six (6) macroeconomic factors on stock price of a joint stock commercial bank, Navibank (NVB or NCB) in Vietnam in the period of 2014-2019, both positive and negative sides. The results of quantitative research, in a seven factor model, show that the increase in GDP growth and lending rate and VNIndex has a significant effect on increasing NVB stock price with the highest impact coefficient, the second is decreasing CPI and the exchange rate. This research finding and recommended policy also can be used as reference in policy for commercial bank system in many developing countries. It also proposes risk management plans including disclosure of accounting policy and improving transparency.

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