Financial Performance and Corporate Governance in Microfinance: Evidence from Vietnam

Good corporate governance is considered a building block of success for microfinance institutions (MFIs) as it is presumed to help them in achieving their social and financial goals. This study analyzes the corporate governance and financial performance relationship for MFIs in Vietnam. We construct a corporate governance index based on seven measures pertaining to board size and composition, CEO characteristics, and ownership type. We then estimate the two-way relationship between this index and each of five different financial performance indicators. To address the likely simultaneity between corporate governance and financial performance, we adopt a two-stage least squares estimation approach with instrumental variables. The results confirm the endogenous nature of corporate governance and financial performance. We conclude that profitability and sustainability of MFIs improve with good governance practices and conversely that more profitable and sustainable MFIs have better governance systems. Keywords: Corporate governance, financial performance, microfinance. DOI: 10.7176/EJBM/12-3-12 Publication date: January 31st 2020

Ranking load in microgrid based on fuzzy analytic hierarchy process and technique for order of preference by similarity to ideal solution algorithm for load shedding problem

This paper proposes a method to rank the loads in the microgrid by means of a weight that combines the criteria together in terms of both technical and economic aspects. The fuzzy analytic hierarchy process technique for order of preference by similarity to ideal solution (fuzzy AHP TOPSIS) algorithm is used to calculate this combined weight. The criteria to be considered are load importance factor (LIF), voltage electrical distance (VED) and voltage sensitivity index (VSI). The fuzzy algorithm helps to fuzzy the judgment matrix of the analytic hierarchy process (AHP) method, making it easier to compare objects with each other and remove the uncertainty of the AHP method. The technique for order of preference by similarity to ideal solution (TOPSIS) algorithm is used to normalize the decision matrix, determine the positive and negative ideal solutions to calculate the index of proximity to the ideal solution, and finally rank all the alternatives. The combination of fuzzy AHP and TOPSIS algorithms is the optimal combination for decision making and ranking problems in a multi-criteria environment. The 19-bus microgrid system is applied to calculate and demonstrate the effectiveness of the proposed method

Data Structure Model on the Quality of Public Passenger Transport Services by Bus in Vietnam

The system of managing public passenger transport services (PPTS) by bus is a complex system, involving infrastructure, facilities, management and service communication activities between passengers and transport systems. In particular, quality information is the most important factor, providing necessary data for analysis, setting out measures to improve quality to meet the needs of passengers and meet the requirements of related parties. According to the peculiarity of the service, this study selects a database structure model to guide the process of computerizing the management of quality of PPTS by bus in urban areas in Vietnam. The results show that four database systems reflecting the quality information of the infrastructure, means of transport, transport operation and passenger service and each database system is structured by components that ensure proper implementation of QM process according to the continuous quality improvement cycle. The components of each database system are dispersed according to the scope of management to ensure the consistency for the quality management process and facilitate the collection, processing and distribution of information of related parties. Keywords: Quality, transport services, public passengers, Vietnam. DOI: 10.7176/JESD/10-10-13 Publication date:May 31st 201

Utilization of BaAl1.4Si0.6O3.4N0.6:Eu2+ Green-emitting Phosphor to Improve Luminous Intensity and Color Adequacy of White Light-emitting Diodes

BaAl1.4Si0.6O3.4N0.6:Eu2+ exhibiting broad excitation and emission bands with intense green emission centred at 510 nm is applied to produce high-performance white-light-emitting diodes (WLEDs). The preparation of the green phosphor utilizes NaNO3 molten salt to attain the purity phase and enhanced luminescence strength boosting the crystalline growth. The influences of BaAl1.4Si0.6O3.4N0.6:Eu2+ on the lighting intensity and color adequacy are investigated at three correlated color temperatures (CCTs) of 3000 K, 4000 K and 5000 K. The lighting output of the WLEDs with high CCTs (4000 – 5000 K) is deemed as enhanced with increasing green-phosphor concentration. The lower CCT shows greater lumen output when using a lower concentration of BaAl1.4Si0.6O3.4N0.6:Eu2+. This tendency also takes place in the case of color uniformity. Conversely, the high concentration of the phosphor is not favourable to the color rendition property of the WLED because of the excessive green-light proportion. It is recommended to keep the concentration of BaAl1.4Si0.6O3.4N0.6:Eu2+ staying below 10 wt% for better color fidelity

Load Shedding in Microgrid System with Combination of AHP Algorithm and Hybrid ANN-ACO Algorithm

This paper proposes a new load shedding method based on the application of intelligent algorithms, the process of calculating and load shedding is carried out in two stages. Stage-1 uses a backpropagation neural network to classify faults in the system, thereby determining whether or not to shed the load in that particular case. Stage-2 uses an artificial neural network combined with an ant colony algorithm (ANN-ACO) to determine a load shedding strategy. The AHP algorithm is applied to propose load shedding strategies based on ranking the importance of loads in the system. The proposed method in the article helps to solve the integrated problem of load shedding, classifying the fault to determine whether or not to shedding the load and proposing a correct strategy for shedding the load. The IEEE 25-bus 8-generator power system is used to simulate and test the effectiveness of the proposed method, the results show that the frequency of recovery is good in the allowable range

PERSPECTIVES ON PERCEPTIONS AND PRACTICE THROUGH LEARNING CULTURES OF ENGLISH-SPEAKING COUNTRIES OF HIGH-QUALITY ENGLISH STUDIES PROGRAM STUDENTS, SCHOOL OF FOREIGN LANGUAGES, CAN THO UNIVERSITY, VIETNAM

The overall goal of the project is to understand the awareness or perceptions and practice of students of the High-quality English Studies program, School of Foreign Languages (SFL), Can Tho University (CTU), Vietnam when studying cultures of English-speaking countries (CESCs) to improve intercultural competence. The research on the perspectives or opinions of 200 High-quality English Studies students, 12 of them joining the semi-structured interview, about their awareness and practice through learning CESCs. The analysis would help the researcher understand the difficulties of students when studying cultural modules from English-speaking countries at SFL, CTU. The research results would suggest solutions to overcome the difficulties that students encounter, and at the same time provide factors that contribute to improving the intercultural competence of language students. Also, through the research results, despite many obstacles in the process of absorbing culture from cultural modules, students still retain their interest and love for the course-CESCs. However, it can be seen that the difficulty that many students often encounter is still cultural differences, thereby raising awareness of the need to learn cultures for students. Next is to design teaching materials to become more attractive and attractive, proactively find opportunities to communicate with foreigners.  Article visualizations

Mapping for engagement: setting up a community based participatory research project to reach underserved communities at risk for Hepatitis C in Ho Chi Minh City, Vietnam

Background: Approximately 1. 07 million people in Vietnam are infected with hepatitis C virus (HCV). To address this epidemic, the South East Asian Research Collaborative in Hepatitis (SEARCH) launched a 600-patient cohort study and two clinical trials, both investigating shortened treatment strategies for chronic HCV infection with direct-acting antiviral drugs. We conducted ethnographic research with a subset of trial participants and found that the majority were aware of HCV infection and its implications and were motivated to seek treatment. However, people who inject drugs (PWID), and other groups at risk for HCV were under-represented, although injecting drug use is associated with high rates of HCV. Material and Methods: We designed a community-based participatory research (CBPR) study to engage in dialogues surrounding HCV and other community-prioritized health issues with underserved groups at risk for HCV in Ho Chi Minh City. The project consists of three phases: situation analysis, CBPR implementation, and dissemination. In this paper, we describe the results of the first phase (i.e., the situation analysis) in which we conducted desk research and organized stakeholder mapping meetings with representatives from local non-government and community-based organizations where we used participatory research methods to identify and analyze key stakeholders working with underserved populations. Results: Twenty six institutions or groups working with the key underserved populations were identified. Insights about the challenges and dynamics of underserved communities were also gathered. Two working groups made up of representatives from the NGO and CBO level were formed. Discussion: Using the information provided by local key stakeholders to shape the project has helped us to build solid relationships, give the groups a sense of ownership from the early stages, and made the project more context specific. These steps are not only important preliminary steps for participatory studies but also for other research that takes place within the communities

Safety and efficacy of fluoxetine on functional outcome after acute stroke (AFFINITY): a randomised, double-blind, placebo-controlled trial

Background Trials of fluoxetine for recovery after stroke report conflicting results. The Assessment oF FluoxetINe In sTroke recoverY (AFFINITY) trial aimed to show if daily oral fluoxetine for 6 months after stroke improves functional outcome in an ethnically diverse population. Methods AFFINITY was a randomised, parallel-group, double-blind, placebo-controlled trial done in 43 hospital stroke units in Australia (n=29), New Zealand (four), and Vietnam (ten). Eligible patients were adults (aged ≥18 years) with a clinical diagnosis of acute stroke in the previous 2–15 days, brain imaging consistent with ischaemic or haemorrhagic stroke, and a persisting neurological deficit that produced a modified Rankin Scale (mRS) score of 1 or more. Patients were randomly assigned 1:1 via a web-based system using a minimisation algorithm to once daily, oral fluoxetine 20 mg capsules or matching placebo for 6 months. Patients, carers, investigators, and outcome assessors were masked to the treatment allocation. The primary outcome was functional status, measured by the mRS, at 6 months. The primary analysis was an ordinal logistic regression of the mRS at 6 months, adjusted for minimisation variables. Primary and safety analyses were done according to the patient's treatment allocation. The trial is registered with the Australian New Zealand Clinical Trials Registry, ACTRN12611000774921. Findings Between Jan 11, 2013, and June 30, 2019, 1280 patients were recruited in Australia (n=532), New Zealand (n=42), and Vietnam (n=706), of whom 642 were randomly assigned to fluoxetine and 638 were randomly assigned to placebo. Mean duration of trial treatment was 167 days (SD 48·1). At 6 months, mRS data were available in 624 (97%) patients in the fluoxetine group and 632 (99%) in the placebo group. The distribution of mRS categories was similar in the fluoxetine and placebo groups (adjusted common odds ratio 0·94, 95% CI 0·76–1·15; p=0·53). Compared with patients in the placebo group, patients in the fluoxetine group had more falls (20 [3%] vs seven [1%]; p=0·018), bone fractures (19 [3%] vs six [1%]; p=0·014), and epileptic seizures (ten [2%] vs two [<1%]; p=0·038) at 6 months. Interpretation Oral fluoxetine 20 mg daily for 6 months after acute stroke did not improve functional outcome and increased the risk of falls, bone fractures, and epileptic seizures. These results do not support the use of fluoxetine to improve functional outcome after stroke

Height and body-mass index trajectories of school-aged children and adolescents from 1985 to 2019 in 200 countries and territories: a pooled analysis of 2181 population-based studies with 65 million participants

Summary Background Comparable global data on health and nutrition of school-aged children and adolescents are scarce. We aimed to estimate age trajectories and time trends in mean height and mean body-mass index (BMI), which measures weight gain beyond what is expected from height gain, for school-aged children and adolescents. Methods For this pooled analysis, we used a database of cardiometabolic risk factors collated by the Non-Communicable Disease Risk Factor Collaboration. We applied a Bayesian hierarchical model to estimate trends from 1985 to 2019 in mean height and mean BMI in 1-year age groups for ages 5–19 years. The model allowed for non-linear changes over time in mean height and mean BMI and for non-linear changes with age of children and adolescents, including periods of rapid growth during adolescence. Findings We pooled data from 2181 population-based studies, with measurements of height and weight in 65 million participants in 200 countries and territories. In 2019, we estimated a difference of 20 cm or higher in mean height of 19-year-old adolescents between countries with the tallest populations (the Netherlands, Montenegro, Estonia, and Bosnia and Herzegovina for boys; and the Netherlands, Montenegro, Denmark, and Iceland for girls) and those with the shortest populations (Timor-Leste, Laos, Solomon Islands, and Papua New Guinea for boys; and Guatemala, Bangladesh, Nepal, and Timor-Leste for girls). In the same year, the difference between the highest mean BMI (in Pacific island countries, Kuwait, Bahrain, The Bahamas, Chile, the USA, and New Zealand for both boys and girls and in South Africa for girls) and lowest mean BMI (in India, Bangladesh, Timor-Leste, Ethiopia, and Chad for boys and girls; and in Japan and Romania for girls) was approximately 9–10 kg/m2. In some countries, children aged 5 years started with healthier height or BMI than the global median and, in some cases, as healthy as the best performing countries, but they became progressively less healthy compared with their comparators as they grew older by not growing as tall (eg, boys in Austria and Barbados, and girls in Belgium and Puerto Rico) or gaining too much weight for their height (eg, girls and boys in Kuwait, Bahrain, Fiji, Jamaica, and Mexico; and girls in South Africa and New Zealand). In other countries, growing children overtook the height of their comparators (eg, Latvia, Czech Republic, Morocco, and Iran) or curbed their weight gain (eg, Italy, France, and Croatia) in late childhood and adolescence. When changes in both height and BMI were considered, girls in South Korea, Vietnam, Saudi Arabia, Turkey, and some central Asian countries (eg, Armenia and Azerbaijan), and boys in central and western Europe (eg, Portugal, Denmark, Poland, and Montenegro) had the healthiest changes in anthropometric status over the past 3·5 decades because, compared with children and adolescents in other countries, they had a much larger gain in height than they did in BMI. The unhealthiest changes—gaining too little height, too much weight for their height compared with children in other countries, or both—occurred in many countries in sub-Saharan Africa, New Zealand, and the USA for boys and girls; in Malaysia and some Pacific island nations for boys; and in Mexico for girls. Interpretation The height and BMI trajectories over age and time of school-aged children and adolescents are highly variable across countries, which indicates heterogeneous nutritional quality and lifelong health advantages and risks