The impact of <scp>FinTech</scp> development on stock price crash risk and the role of corporate social responsibility: Evidence from <scp>Vietnam</scp>

Nguyen, Quang; Dang, Van Cuong

doi:10.1002/bsd2.262

Cited by 12 publications

(10 citation statements)

References 51 publications

(94 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…It is essential to recognize that pursuing innovation involves funding and carries potential risks (Wellalage and Fernandez 2019). The same findings were documented in research by Nguyen and Dang (2022) and Nguyen and Dang (2023), a firm that develops technology has the potential to reduce financial instability, which has the potential to increase risk. It is indicated that companies with high innovation show risk taking.…”

Section: Hypothesis Developmentmentioning

confidence: 72%

The Relationship between Innovation and Risk Taking: The Role of Firm Performance

Widianingsih,

Setiawan,

Aryani

et al. 2023

Risks

View full text Add to dashboard Cite

One perspective suggests that firms heavily involved in innovation may face increased risks. It is essential to know the suitable proxies in measuring innovation related to risk taking. Many studies use research-and-development intensity (RDI) and research-and-development spending (RDS) as proxies for innovation related to risk taking. However, little evidence shows that positive association with risk taking. This study addresses this gap by using RDI and RDS as metrics for measuring innovation and assessing innovation-related risks. This study incorporated performance as a potential factor affecting the interaction between these variables. It is essential to consider the risks associated with innovation and allocate the RDI and RDS effectively to maximize revenue. We used a dataset of 3955 firm-year observations obtained from 548 listed firms in the Indonesian stock exchange for 2012–2021. We found that RDI and RDS positively affect risk taking. The test results show that the interaction between innovation and firm performance negatively affects risk taking. Thus, firm performance may mitigate the risks associated with innovation. Therefore, firms must balance their innovation projects with improved performance to minimize risks and achieve long-term success.

show abstract

Section: Hypothesis Developmentmentioning

confidence: 72%

The Relationship between Innovation and Risk Taking: The Role of Firm Performance

Widianingsih,

Setiawan,

Aryani

et al. 2023

Risks

View full text Add to dashboard Cite

show abstract

“…CEO duality, where the CEO is also the Chairman of the Board, is perceived to improve firm value, as it is argued to enhance firm performance (Duru et al, 2016;Nguyen & Dang, 2022b;Nguyen & Dang, 2023b). The audit committee, operating in line with CG principles, plays a crucial role in enhancing firm value by ensuring independent operation and professional diligence, thus minimizing agency problems and improving information flows between shareholders and managers (Bonn, 2004;Nguyen & Dang, 2023c;Wanyama et al, 2009;Wu et al, 2020;Xie et al, 2003).…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Corporate Governance and Financial Leverage on the Valuation of Vietnamese Listed Companies

Dao,

Thanh

2024

JAFAS

View full text Add to dashboard Cite

This study investigates the effects of corporate governance (CG) and financial leverage (FL) on the valuation of firms listed in Vietnam. An analysis was conducted on a sample set containing 325 companies from the Ha Noi Stock Exchange over a three-year period (2018-2020), employing a correlational and non-experimental research design. It was found that an increase in board size negatively influences the value of these companies. In contrast, the phenomena of CEO duality, the presence of audit committees, larger firm size, greater FL, higher insider holdings, and improved return on assets were observed to positively affect firm valuation. Notably, the study delineates sector-specific impacts of CG and firm leverage, identifying divergent effects in the service and manufacturing sectors. For manufacturing firms, a larger board size adversely impacts value, whereas CEO duality, FL, the existence of audit committees, insider holdings, and firm size contribute positively. Within the service sector, a similar negative correlation was noted with board size, but FL and return on assets positively influenced firm value. The findings of this research provide valuable insights into the dynamics of firm valuation, offering guidance to investors, financial managers, and consultants. This investigation enriches the existing literature by highlighting the complex interplay between CG, FL, and firm valuation in the Vietnamese context. The discovery of the negative impact of larger board sizes on firm value challenges established beliefs and underscores the criticality of board composition for optimal firm performance.

show abstract

“…They report that small firms are also strongly engaged in ESG practices and provide transparent ESG information, regarding ESG disclosure as a means of attaining legitimacy and gaining a competitive advantage. Additionally, Nguyen and Dang [24] find that the role of ESG disclosure is becoming more significant in small firms.…”

Section: Literature Review 21 the Effects Of Firm And Board Character...mentioning

confidence: 99%

Antecedent Configurations of ESG Disclosure: Evidence from the Banking Sector in China

Wu,

Wang,

et al. 2023

Sustainability

View full text Add to dashboard Cite

This study examines the complex joint effect of firm and board characteristics on environmental, social, and governance (ESG) disclosure by Chinese listed banks, viewed from a configurational perspective. By utilizing fuzzy-set qualitative comparative analysis (fsQCA) on a sample of 33 Chinese listed banks from 2020, we obtained results that explain some of the inconsistent findings in the current literature and suggest that four specific configurations of firm and board characteristics are equally conducive to high levels of ESG disclosure. Specifically, bank attributes (i.e., size, state ownership, and cross-listing) are the most salient aspects of promoting ESG disclosure, but the final effect relies on a combination of these attributes and other board characteristics (i.e., board size, independence, gender diversity, and a corporate social responsibility committee). We demonstrate the significance of employing configurational thinking to evaluate corporate governance in relation to ESG disclosure. Our findings indicate that the connection between board characteristics and high levels of ESG disclosure varies according to bank attributes.

show abstract

The impact of FinTech development on stock price crash risk and the role of corporate social responsibility: Evidence from Vietnam

Cited by 12 publications

References 51 publications

The Relationship between Innovation and Risk Taking: The Role of Firm Performance

The Relationship between Innovation and Risk Taking: The Role of Firm Performance

Impact of Corporate Governance and Financial Leverage on the Valuation of Vietnamese Listed Companies

Antecedent Configurations of ESG Disclosure: Evidence from the Banking Sector in China

Contact Info

Product

Resources

About