A Merton Model of Credit Risk with Jumps

In this note, we consider a Merton model for default risk, where the firm’s value is driven by a Brownian motion and a compound Poisson process

The effect of financial and economic growth on tourism development in emerging economies: a study of Vietnam for the interval 1990-2020.

Purpose: The primary study objective is to determine the interaction between economic, financial, and tourism development in Vietnam for the 1990-2020 intervals. Design:This study is conducted through a combination of qualitative and quantitative methods using secondary data from WorldBank, Ourworldindata, and the Vietnam Bureau of Statistics. Methodology: The ARDL model is a statistically more robust approach for cointegration testing; then the ECM model was used to test for short-term effects and finally the Granger test for causality between the observed variables. Findings: Investigating the vital internal force that promotes tourism development reveals that finance and economic growth are crucially crucial during the 31-year study period. To illustrate, the economic and financial contribution to the positive change of tourism is up to 30.4% and 18.1%, respectively. Excitedly, the Granger test demonstrates a one-way causal relationship between economic growth and tourism development, tourism development, and finance development, and finance development and economic growth. In other words, it is a circle that demonstrates a consistently positive impact from tourism development to finance development, from finance development to economic growth, and finally, from economic growth to tourism development. The originality of the research: This paper highlights the role and impact level of the economic and financial sector on the tourism industry of a new Asian tiger and can be considered as the first study on Vietnam. The findings investigate how the economy functioned in the past and support policymakers in establishing future development policies, particularly in post-pandemic recovery

The Effect of Entrepreneurial Attitudes and Individual Attributes on Entrepreneurial Activity in the context of ASEAN Member States: Evidence from Thailand and Vietnam

This study analyzes the influence of entrepreneurial attitudes and individual at­tributes on entrepreneurial activity in two ASEAN member countries: Vietnam and Thai­land. By applying the multinomial logistics regression (MLR) analysis method, the results show that those with an entrepreneurial network, who can read business opportunities, and have skills and knowledge, have a positive and significant influence when deciding to start and invest in others’ new businesses. On the other hand, females and those with a secondary education were more likely to engage in entrepreneurial activities. The study also shows that Vietnam’s entrepreneurial attitudes and individual characteristics seem to be better, differentiating it from Thailand. The Global Entrepreneurship Monitor (GEM) data from 2017 were the most recent data available at the time of this study. However, the availability of more up-to-date data is considered necessary to enrich and expand the im­pact of future research

Self-indulgence and purchasing behavior toward fast moving consumer goods (FMCG) during the inflation time

Inflation is no longer a new thing to Vietnam. Vietnam was in the top ten countries in the world which had the highest inflation rate in 2011 and the threat of inflation always exists till now. Vietnamese consumers, as a result, prepared themselves to cope with the tough economic time. This study’s aim is to study the attitude and behavior of Vietnamese consumers when buying FMCG categories during the inflation time. The research classifies whether Vietnamese consumers have any change in purchase behavior during inflation versus a normal economic situation and their future purchase intention in correlation with their perception towards future macro economics’ context. The study includes the research on several aspects such as the consumers’ attitude towards economy status, needs of self-indulgence, and the change in consumers’ FMCG spending during inflation time as well as their concerns about their future FMCG purchase

Space-time domain decomposition for advection-diffusion problems in mixed formulations

This paper is concerned with the numerical solution of porous-media flow and transport problems , i. e. heterogeneous, advection-diffusion problems. Its aim is to investigate numerical schemes for these problems in which different time steps can be used in different parts of the domain. Global-in-time, non-overlapping domain-decomposition methods are coupled with operator splitting making possible the different treatment of the advection and diffusion terms. Two domain-decomposition methods are considered: one uses the time-dependent Steklov--Poincar{\'e} operator and the other uses optimized Schwarz waveform relaxation (OSWR) based on Robin transmission conditions. For each method, a mixed formulation of an interface problem on the space-time interface is derived, and different time grids are employed to adapt to different time scales in the subdomains. A generalized Neumann-Neumann preconditioner is proposed for the first method. To illustrate the two methods numerical results for two-dimensional problems with strong heterogeneities are presented. These include both academic problems and more realistic prototypes for simulations for the underground storage of nuclear waste

Consumer-based Brand value: A study on Foreign Banks in Ho Chi Minh City Market

The article presents an empirical study to discover consumers’ perception on foreign banks’ brand value which is said as one of key drivers for business success. The study is aimed at assisting brand managers to track their brand value and hence to improve their product and service quality. The conceptual model is founded on a consumer-based approach to brand value. To validate the model, a survey of 183 interviewees was carried out in four popular foreign banks in Ho Chi Minh City: Citibank, HSBC, ANZ and Standard Chartered (SCB). The collected data was tested and analyzed by Exploratory Factor Analysis. The study reveals that Brand Knowledge, Brand Differentiation, Brand Relevance and Brand Esteem correlate closely to each other and have a strong affect to Consumer-based Brand Value. The findings are discussed and the implications for banks’ management are presented

Factors Impacting Workers’ Decision to Accommodation Types in Ho Chi Minh City

In any industrial planning project in Vietnam, housing for workers is always a top concern. However, these planned accommodations have not met workers' needs; Instead, they usually opted for housing out of planning. By carrying out a field survey, using exploratory factor analysis (EFA) and multiple regression methods, this research will discover new factors and examine the relationships among variables to determine the elements that influence the workers' choice in Ho Chi Minh City (HCMC). It may lead to the planning re-evaluation and adjustments to meet the demands of workers. Keywords: Workers' decision; Accommodation types; Exploratory factor analysis (EFA); Multiple regression analysis. eISSN: 2398-4287© 2020. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia. DOI: https://doi.org/10.21834/ebpj.v5i15.246