An investigation into conspicuous consumption in a transitional economy: A study of emerging urban Vietnamese consumers

Ph.DDOCTOR OF PHILOSOPH

Rational Multi-Curve Models with Counterparty-Risk Valuation Adjustments

We develop a multi-curve term structure setup in which the modelling ingredients are expressed by rational functionals of Markov processes. We calibrate to LIBOR swaptions data and show that a rational two-factor lognormal multi-curve model is sufficient to match market data with accuracy. We elucidate the relationship between the models developed and calibrated under a risk-neutral measure Q and their consistent equivalence class under the real-world probability measure P. The consistent P-pricing models are applied to compute the risk exposures which may be required to comply with regulatory obligations. In order to compute counterparty-risk valuation adjustments, such as CVA, we show how positive default intensity processes with rational form can be derived. We flesh out our study by applying the results to a basis swap contract.Comment: 34 pages, 9 figure

Antecedents of the Intention and Behavior Toward Purchase of Counterfeit Luxury Goods in an Emerging Economy: a Study of Young Vietnamese Consumers

This study examines some antecedents of the intention and behavior toward buying counterfeit luxury goods among young consumers in Vietnam, an Asian emerging economy. The data was obtained from university undergraduate students in Hanoi, the capital of Vietnam. The results of structural equation modeling show support for most of our hypotheses. The findings indicate that materialism (the centrality component) has positive impact on attitude toward purchase of counterfeit luxury goods. Attitude and subjective norm toward counterfeit luxury goods are found to be positively related to purchase intention, while perceived behavioral control is not found to have a direct impact on purchase intention. In addition, perceived behavioral control and purchase intention are found to be significant predictors of purchase behavior. The research findings are discussed and implications for managers and policy makers are provided. &nbsp

Spatial Clustering Analysis Of Dengue Hemorrhagic Fever In The First 9-Monthsof 2023 In Ho Chi Minh City, Vietnam

Background: Dengue hemorrhagic fever is a notable vector-borne viral disease, currently becoming the most dreaded worldwide health problem in terms of the number of people affected. The objective of this study is to investigate spatial clustering of dengue hemorrhagic fever incidence in the first 9-months of 2023 in Ho Chi Minh city, Vietnam. Methods: the global Moran’s I statistic, Moran’s I scatterplot and local statistic were employed to spatial clusters (high-high and low-low) and spatial outliers (low-high and high-low) in the study area of Ho Chi Minh city. The first and third order of contiguity were used to constructe spatial weight matrix. Results: it was found from a case study of the first 9-months of 2023 in Ho Chi Minh city, a total of four high-high clusters, two low-low spatial clusters were detected in urban area and rural areas in the north and south of the Ho Chi Minh city, respectively when using the first order contiguity (statistically significance at the 0.05 level). For the case of using the third order of contiguity, a total of six high-low, two low-high spatial clusters and one low-low spatial cluster were successfully identified. Conclusions: the study results has proven the effective use of the global Moran’s I statistic, Moran’s I scatterplot and local Moran’s I statistic in the identification of spatial clustering of dengue hemorrhagic fever incidence

Antecedents and Consequences of Status Consumption Among Urban Vietnamese Consumers

This study examines the antecedents and consequences of status consumption in the transitional economy of Vietnam. Both qualitative (focus groups and in-depth interviews) and quantitative methods (survey) were employed in this investigation. To test the proposed model and hypotheses, a large consumer survey was conducted in the two biggest cities in Vietnam. The results of Structural Equation Modeling provided empirical evidence for the significant impact of most of the proposed antecedents of status consumption. Specifically, modern status orientation, the ‘success’ component of materialism, and both the individualistic self and collectivistic self were found to have a positive impact on status consumption. Traditional status orientation and consumer ethnocentrism were found to be negatively related to status consumption. The findings also suggested the positive consequences of status consumption on satisfaction with status consumption and satisfaction with life in general. Discussion of the research findings and managerial implications are also provided

An Empirical Study of Principals' Leadership Styles with Faculty Commitment

Objectives: The objectives of this study were to explore the leadership styles of political school principals and the influence of leadership styles on faculty committees, as well as the influence of leadership styles on faculty-directed demographic variables. Methods/Analysis: This study uses a quantitative method to identify the leadership styles that exist in principals of political schools. The collected data is analyzed and processed in the Statistical Package for Social Sciences (SPSS) version 26.0. The available test of Avolio and Bass to explore leadership styles, the test developed by Meyer and Allen is used to measure faculty commitment. Findings: Transformative leadership styles, transactional leadership styles, and laissez-faire leadership styles all have statistically significant positive correlations with faculty commitment. Novelty/Improvement: The laissez-faire leadership style had the strongest influence on faculty commitment, followed by the transformational leadership style. The least influential leadership style was the transactional leadership style. When lecturers have confidence and initiative, being able to make their own decisions and implement them, they will be more creative to achieve leadership performance. The research results are only shown within the provincial political schools of Vietnam. Future studies may select a broader sample of subjects in many educational institutions of a different kind. Doi: 10.28991/ESJ-2022-06-03-013 Full Text: PD

Determinants of Working Motivation and Loyalty of Workers: A Case Study of Enterprises in Dong Nai Province

Purpose: The article aims to determine factors affecting employees' work motivation and loyalty in enterprises in Dong Nai province.   Theoretical framework: Research theory on work motivation and employee loyalty. Work motivation is the motivation of people to work enthusiastically, helping them promote their inner potential and overcome challenges and difficulties to complete the work in the best way.   Design/Methodology/Approach:  The research method of this study is a combination of qualitative research methods and quantitative research methods. Qualitative research: group discussions were conducted with 30 business experts with extensive experience in human resource management and longtime business directors in Dong Nai. Quantitative analysis was carried out with an expected sample size of 1000 enterprises in enterprises, selected by convenient sampling method.   Findings: The study contributes to a new survey of the factors affecting the work motivation and loyalty of employees in enterprises in Dong Nai province as a reference for academic studies and other in the field of human resource management.   Research, practical & social implications: The research results of the research paper serve as a scientific basis for business leaders in Dong Nai province to propose reasonable policies to improve employees' work motivation and loyalty at enterprises in Dong Nai province.   Originality/Value:  The paper's originality and value help managers contribute to the study to add a suitable work motivation and loyalty model for today's Vietnamese business leaders

Managerial Implications for Enhancing Working Motivation and Loyalty of Workers of Enterprises in Dong Nai Province

Purpose: The article aims to assess the factors affecting employees' work motivation and loyalty in enterprises in Dong Nai province. On that basis, the authors propose managerial implications to improve employees' work motivation and loyalty at enterprises in Dong Nai province.   Theoretical framework: Motivation and loyalty is reflected in the employee's intention to stay with the organization for a long time, even when receiving a more attractive salary offer from other organizations. Work refers to the positive effects of work on each person, related to the challenges at work, the opportunity to develop personal abilities, and the enjoyment of doing the job.   Design/Methodology/Approach: Quantitative method was carried out through direct interviews with 1000 workers using a questionnaire designed based on the results of the qualitative research step. The data were processed by SPSS 20.0 and Amos software. The reliability of the scales was tested using Cronbach's Alpha reliability coefficient, EFA exploratory factor analysis, confirmatory factor analysis (CFA), and structural model analysis (SEM) in Dong Nai province from June 2022 to December 2022.   Findings: The study's contribution is to identify the factors of corporate culture, social responsibility, and management capacity to promote work motivation and employee loyalty.   Research, practical & social implications:  Classical theories are used to study work motivation, add 3 factors, find out the remaining problems, and propose management implications to improve the work motivation of employees' activities soon.   Originality/Value: The results are also scientific evidence and are essential for researchers and policymakers for businesses to apply research results to improve employee motivation and loyalty of employees

An explorative study of psychological and social factors impacting littering behavior in Vietnam

Littering is a worldwide problem and Vietnam is one of the most affected countries. To enact change, not only individual cognitive determinants but also social and natural-, or environment-related variables should be taken into consideration. Although there is a large body of literature researching littering, most researchers do not distinguish the level of these factors. Thus, this research aims to investigate the interactive mechanism of these different level factors influencing the intention of the Vietnamese to stop littering, with the multi-level social-ecological model used to guide model building. The data were collected through a self-reported online questionnaire and the Partial Least Squares Structural Equation Modelling (PLS-SEM) method was employed to examine the proposed conceptual framework. The results indicated that perceived behavioral control and connectedness to nature are the two main factors influencing the Vietnamese people’s intention to stop littering. Multi-group analysis results suggested the moderating effects of injunctive and descriptive norms. This research proposed a new conceptual framework and achieved unique insights into littering behavior in Vietnam, which could benefit and guide behavioral change experts, academics, and practitioners to design appropriate marketing strategies/campaigns to reduce littering

Model prihvaćanja tehnologije i putevi do online lojalnosti potrošača na tržištima u razvoju

The technology acceptance model (TAM) has been well-known for decades. However, the global adoption of the Internet creates new interests in utilizing TAM in e-commerce and the post-consumption intention, especially in emerging markets. Data was collected from 758 online customers via a web-based survey in Vietnam. Particular contribution of the results is that perceived usefulness, perceived ease of use, fairness, trust and the quality of the customer interface have direct or indirect impacts on customer satisfaction and customer loyalty. Moreover, in emerging markets, trust was outlined as the strongest factor contributing to customer satisfaction and leading to customer loyalty.Model prihvaćanja tehnologije (engl. technology acceptance model – TAM) dobro je poznat već desetljećima. Međutim globalno prihvaćanje interneta potiče novo zanimanje za primjenu TAM-a u e-trgovanju i postkupovnoj namjeri, posebice na tržištima u razvoju. Podaci su prikupljeni online anketiranjem 758 potrošača u Vijetnamu. Poseban doprinos rezultata jest u tome što pokazuju da percipirana korisnosti jednostavnost korištenja, poštenje, povjerenje i kvaliteta korisničkog sučelja imaju izravan ili neizravan utjecaj na zadovoljstvo i lojalnost potrošača. Nadalje, na tržištima u razvoju povjerenje je istaknuto kao najsnažniji čimbenik stvaranja zadovoljstva potrošača koje vodi lojalnosti potrošača