University of Finance

Nov

International Conference on Finance and Accounting for the Promotion of Sustainable Development in Private Sector – FASPS4

The University of Finance - Marketing in collaboration with the Academy of Finance, the University of Finance and Accountancy, and the Institute of Financial Training have successfully held the hybrid International Conference themed “Finance and Accounting for the promotion of sustainable development in private sector – FASPS4” on the morning of November 11, 2022.

The conference was organized in hybrid mode: Onsite at University of Finance – Marketing and online via Microsoft Teams.

Delegates attending at the onsite conference were Prof. Dr. Robert Durand, Curtin University, Australia; Senior Lecturer, Dr. Nguyen Dao Tung, Chairman of the University Council, Academy of Finance; Dr. Bui Thi Yen Linh, Deputy Secretary of the Party Committee, Vice Rector of the University of Finance and Accountancy (Quang Ngai); MSc. Do Van Truong, Director of the Institute of Financial Training; Assoc. Prof. Dr. Ho Thuy Tien, Secretary of the Party Committee, Chairman of the University Council, University of Finance - Marketing; Assoc. Prof. Dr. Pham Tien Dat, Rector of University of Finance - Marketing; Dr. Le Trung Dao, Vice Rector of University of Finance – Marketing, and the presence of representatives of leading enterprises and researchers inside and outside the university.

There were participants from various institutions in the online conferencing system, including: Assoc; Prof. Dr. Nguyen Trong Co, Member of the Committee of the Party Committee of the Ministry of Finance; Academy Director; Meritorious Teacher, Assoc. Prof. Dr. Truong Thi Thuy, Deputy Secretary of the Party Committee, Deputy Director of the Academy; Meritorious Teacher, Assoc. Prof. Dr. Nguyen Vu Viet, Deputy Director of the Academy; Dr. Le Xuan Lam, Secretary of the Party Committee, Chairman of the University Council from the University of Finance and Accountancy (Quang Ngai), Assoc. Prof. Dr. Nhu Trong Bach, Deputy Director from the Institute of Financial Training, and Dr. Hafiz Muhammad Ali from UCSI (Malaysia).

Senior Lecturer, Dr. Nguyen Dao Tung, Chairman of the University Council, Academy of Finance, delivered the Opening Speech.

The conference included three sessions with a variety of contents.

The paper titled Can We Make Good Financial Decisions? The Answer is Probably “No” was presented by Prof. Dr. Robert Durand at the Plenary session.

The author mentions the " Efficient Market Hypothesis," (EMH) which states that markets efficiently process information by changing prices to reflect expectations and information. The author highlights the transition from traditional to behavioral finance. Financial decisions are influenced by psychology, genetic and biological factors, and personality. The relationship between price changes and the five personality types (negative emotions, extroversion, openness to experience, agreeableness, and conscientiousness) was also investigated. The findings indicated that overconfidence and overreaction have an impact on foreign exchange investment decisions. Furthermore, the author recognizes that extroverted and sensitive personalities frequently lead to price bubbles. Finally, the author concludes that individual's biological and psychological characteristics influence people and easily lead them to make poor decisions.

Co-chairs of the Plenary session, from the left, are Senior Lecturer, Dr. Nguyen Dao Tung, Assoc. Prof. Dr. Ho Thuy Tien, and MSc. Do Van Truong.

In the 2nd session (discussion session), the conference was divided into 3 rooms with different topics.

Room 1: Finance and private economic development

The Session Chairs, from the left, included Dr. Tran Hoang Vu, Assoc. Prof. Dr Ho Thuy Tien (Chair), Assoc. Prof. Dr Pham Thi Thanh Hoa.

Papers presented in Room 1:

Topic 1: THE ROLE OF FINANCIAL STATEMENT ANALYSIS OF VIETNAMESE PHARMACEUTICAL ENTERPRISES

Dr. Nguyen Dao Tung, Dr. Nguyen Huu Tan (Academy of Finance)

Topic 2: EFFECTS OF BANK CREDIT ON THE PRIVATE SECTOR - EXPERIMENTAL EVIDENCE IN VIETNAM

Assoc. Prof. Dr. Pham Tien Dat, Assoc. Prof. Dr. Phan Thi Hang Nga, MSc. Nguyen Xuan Dung (University of Finance - Marketing)

Topic 3: DEVELOPMENT OF CORPORATE BOND MARKET IN VIETNAM

Dr. Vu Ngoc Anh, Dr. Nguyen Thuy Linh (Academy of Finance)

Topic 4: FACTORS AFFECTING CREDIT RISK: AN EMPIRICAL EVIDENCE IN VIETNAM’S COMMERCIAL BANKS

MSc. Nguyen Xuan Bao Chau, MSc. Nguyen Hung Minh Trung, MSc. Dang Thi Hong Dao, MSc. Dao Viet Duc, MSc. Doi Sy Hoang Anh (University of Finance - Marketing)

Room 2: Accounting and private economic development

The Session Chairs included Dr. Nguyen Thi Hong Van (Chair) and MSc. Thai Tran Van Hanh.

Papers presented in Room 2:

Topic 1: SOCIAL RESPONSIBILITY ACCOUNTING OF STEEL COMPANIES LISTED ON THE VIETNAM STOCK MARKET – SITUATION AND POLICY RECOMMENDATION

MSc. Pham Minh Duc, Dr Tran Thanh Thu, Dr. Ho Quynh Anh, MSc. Hoang Thi Kim Ung, MSc. Hoang My Linh (Academy of Finance)

Topic 2: THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITIES ON EARNINGSS MANAGEMENT: EVIDENCE FROM VIETNAM

Dr. Ngo Nhat Phuong Diem, Doan Thi Thu Thuy (PhD student) (University of Finance – Marketing, University of Economics Ho Chi Minh City)

Topic 3: THE ROLES OF ACCOUNTANTS AND THE INFORMATION QUALITY WITH PERFORMANCE – AN EMPIRICAL STUDY IN SMALL AND MEDIUM HOTELS

Phan Thi Thuy Ngan (PhD student), MSc. Nguyen Thi Hong Oanh, MSc. Nguyen Thi Minh Tam (University of Finance and Accountancy)

Topic 4: THE CHANGE OF BANKS STOCK PRICE: THE 4 WAVES OF THE COVID-19 PANDEMIC CONTEXT IN VIETNAM

Assoc. Prof. Dr. Phan Thi Hang Nga, MSc. Pham Minh Tien, Ms Nguyen Thi Thao, MSc. Truong Xuan Nguyen (University of Finance - Marketing)

Room 3: Economics

The Session Chairs included Dr. Nguyen Thi Hong Van (Chair) and MSc. Thai Tran Van Hanh.

Papers presented in Room 3:

Topic 1: THE THRESHOLD OF SHADOW ECONOMY FOR ECONOMIC GROWTH IN ASEAN COUNTRIES

Assoc. Prof. Dr. Nguyen Thi My Linh, MSc. Thai Duy Tung, MSc. Nguyen Thi Kim Thuong, Dr. Bui Ngoc Toan (University of Finance – Marketing, Industrial University of Ho Chi Minh City)

Topic 2: FACTORS AFFECTING EMPLOYEES’ CREATIVITY AT SMES IN QUANG NGAI PROVINCE, VIETNAM

Dr. Nguyen Thi Le Huyen, Dr. Nguyen Thi Nhu Mai, Dr. Nguyen Thi Hong Nhung, Dr. Nguyen Thi Phung, Dr. Nguyen Thi Phuong Tu, Dr. Tran Thi Thanh Thanh (University of Finance and Accountancy)

Topic 3: CUSTOMER SATISFACTION TOWARDS THE DEVELOPMENT OF SPECIALIZED SUPERMARKETS IN THE CONTEXT OF DIGITAL ECONOMY

Dr. Nguyen Thi Nhung, MSc. Nguyen Linh Phuong, Dr. Nguyen Thi Phuong Ngọc, Dr. Le Thu Huong (Academy of Finance, University of Finance and Accountancy, Ha Noi Financial and Banking University)

Topic 4: THE IMPACT OF INFORMATION AND COMMUNICATION TECHNOLOGY APPLICATIONS ON THE COMPETITIVENESS OF VIETNAMESE COMMERCIAL BANKS IN THE DIGITAL AGE

Dr. Pham Thuy Tu, MBA Dang Nguyen Phuong Thao (University of Finance - Marketing)

The Session Chairs were Assoc. Prof. Dr. Huynh Thi Thu Suong (Chair), Dr. Tran Thanh Thu, Assoc, Prof. Dr. Dang Van My.

Papers presented in Room 3:

Topic 1: THE THRESHOLD OF SHADOW ECONOMY FOR ECONOMIC GROWTH IN ASEAN COUNTRIES

Assoc. Prof. Dr. Nguyen Thi My Linh, MSc. Thai Duy Tung, MSc. Nguyen Thi Kim Thuong, Dr. Bui Ngoc Toan (University of Finance – Marketing, Industrial University of Ho Chi Minh City)

Topic 2: FACTORS AFFECTING EMPLOYEES’ CREATIVITY AT SMES IN QUANG NGAI PROVINCE, VIETNAM

Dr. Nguyen Thi Le Huyen, Dr. Nguyen Thi Nhu Mai, Dr. Nguyen Thi Hong Nhung, Dr. Nguyen Thi Phung, Dr. Nguyen Thi Phuong Tu, Dr. Tran Thi Thanh Thanh (University of Finance and Accountancy)

Topic 3: CUSTOMER SATISFACTION TOWARDS THE DEVELOPMENT OF SPECIALIZED SUPERMARKETS IN THE CONTEXT OF DIGITAL ECONOMY

Dr. Nguyen Thi Nhung, MSc. Nguyen Linh Phuong, Dr. Nguyen Thi Phuong Ngọc, Dr. Le Thu Huong (Academy of Finance, University of Finance and Accountancy, Ha Noi Financial and Banking University)

Topic 4: THE IMPACT OF INFORMATION AND COMMUNICATION TECHNOLOGY APPLICATIONS ON THE COMPETITIVENESS OF VIETNAMESE COMMERCIAL BANKS IN THE DIGITAL AGE

Dr. Pham Thuy Tu, MBA Dang Nguyen Phuong Thao (University of Finance - Marketing)

The 3rd Session Chairs were Assoc. Prof. Dr. Tran Nguyen Ngoc Anh Thu, Dr. Le Trung Dao (Chair), Assoc. Prof. Dr. Pham Thi Thanh Hoa.

The paper titled Promoting Sustainable Banking Performance through Financial Inclusion in Rising Economic Powers was presented at the closing session by Dr. Hafiz Muhammad Ali (UCSI, Malaysia).

The study seeks to comprehend the relationship between comprehensive policies and the sustainable development of banks. The author confirmed the comprehensive policy application increasing the ROA, ROE, and NIM of banks using parameters from economic data of emerging economies obtained from the "World Monetary Fund and Global Policy Development" and Estimation Techniques (Cross-dependence test), Panel data cointegration, Long-term Elasticity, Heterogeneous Causality Test method, and Regression long-term Impact Estimation. The deposit-to-loan spread and financial stability of the bank are also related to bank profitability in other emerging economies. Based on the findings, the author offers advice on how to ensure a positive relationship between inclusive policy, banking operations development, and profit growth.

These initiatives involve expanding the reach of ATMs, establishing branches in rural areas, facilitating low-income people's access to credit, promoting lending guidelines for fresh small and medium-sized businesses, and maintaining a stable monetary policy.

At the Closing Session, the conference awarded "Best Paper" to 7 excellent papers out of more than 120 approved articles published in the Conference Proceedings and more than 170 articles submitted to this conference:

Paper 1: THE ROLE OF FINANCIAL STATEMENT ANALYSIS OF VIETNAMESE PHARMACEUTICAL ENTERPRISES

Dr. Nguyen Dao Tung, Dr. Nguyen Huu Tan (Academy of Finance)

Paper 2: EFFECTS OF BANK CREDIT ON THE PRIVATE SECTOR - EXPERIMENTAL EVIDENCE IN VIETNAM

Assoc. Prof. Dr. Pham Tien Dat, Assoc. Prof. Dr. Phan Thi Hang Nga, MSc. Nguyen Xuan Dung (University of Finance - Marketing)

Paper 3: SOCIAL RESPONSIBILITY ACCOUNTING OF STEEL COMPANIES LISTED ON THE VIETNAM STOCK MARKET – SITUATION AND POLICY RECOMMENDATION

MSc. Pham Minh Duc, Dr. Tran Thanh Thu, Dr. Ho Quynh Anh, MSc. Hoang Thi Kim Ung, MSc. Hoang My Linh (Academy of Finance)

Paper 4: THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITIES ON EARNINGSS MANAGEMENT: EVIDENCE FROM VIETNAM

Dr. Ngo Nhat Phuong Diem, Doan Thi Thu Thuy (PhD student) (University of Finance – Marketing, University of Economics Ho Chi Minh City)

Paper 5: THE ROLES OF ACCOUNTANTS AND THE INFORMATION QUALITY WITH PERFORMANCE – AN EMPIRICAL STUDY IN SMALL AND MEDIUM HOTELS

Phan Thi Thuy Ngan (PhD student), MSc. Nguyen Thi Hong Oanh, MSc. Nguyen Thi Minh Tam (University of Finance and Accountancy)

Paper 6: CUSTOMER SATISFACTION TOWARDS THE DEVELOPMENT OF SPECIALIZED SUPERMARKETS IN THE CONTEXT OF DIGITAL ECONOMY

Dr. Nguyen Thi Nhung, MSc. Nguyen Linh Phuong, Dr. Nguyen Thi Phuong Ngọc, Dr. Le Thu Huong (Academy of Finance, University of Finance and Accountancy, Ha Noi Financial and Banking University)

Paper 7: THE IMPACT OF INFORMATION AND COMMUNICATION TECHNOLOGY APPLICATIONS ON THE COMPETITIVENESS OF VIETNAMESE COMMERCIAL BANKS IN THE DIGITAL AGE

Dr. Pham Thuy Tu, MBA Dang Nguyen Phuong Thao (University of Finance - Marketing)

Some other pictures of the conference at other venues: