Bio
Dinh Tran Ngoc Huy holds an MBA in International Management (Major: Finance with Management courses) and is a PhD candidate at Banking University, HCMC. He is affiliated with University of Japan, Department of Management. He serves as a journal editor.
Educational Journey
Banking University of Ho Chi Minh City
MBA • International Management (Major: Finance with Management courses)
Experience
Editors Role
journal_editor
0 - PresentResearch
The Risk Level of Viet Nam Software Industry under Financial Leverage During and After the Global Crisis 2007-2011
After the financial crisis 2007-2009, this research paper evaluates the impacts of external financing on market risk for the listed firms in the Viet nam software industry. First, by using quantitative and analytical methods to estimate asset and equity beta of total 6 listed companies in Viet Nam software industry with a proper traditional model, we found out that the beta values, in general, for many institutions are acceptable. Second, under 3 different scenarios of changing leverage (in 2011 financial reports, 30% up and 20% down), we recognized that the risk level, measured by equity and asset beta mean, decreases when leverage increases to 30% and it increases if leverage decreases down to 20%. Third, by changing leverage in 3 scenarios, we recognized the dispersion of risk level, measured by equity and asset beta var, increases slightly if the leverage increases to 30%. Finally, this paper provides some outcomes that could provide companies and government more evidence in establishing their policies in governance.
Whether Different Changing Tax Rates Cause the Risk Level of Viet Nam Construction Firms Increase or Decrease So Much?
The emerging stock market in Viet Nam has been affected by the financial crisis 2007-2009. This study analyzes the impacts of tax policy on market risk for the listed firms in the construction industry as it becomes necessary. First, by using quantitative and analytical methods to estimate asset and equity beta of total 104 listed companies in Viet Nam construction industry with a proper traditional model, we found out that the beta values, in general, for many companies are acceptable. Second, under 3 different scenarios of changing tax rates (20%, 25% and 28%), we recognized that there is not large disperse in equity beta values, estimated at 1,008, 1,106 and 1,014.These values are higher than those of the listed VN real estate firms. Third, by changing tax rates in 3 scenarios (25%, 20% and 28%), we recognized both equity and asset beta mean values have positive relationship with the increasing levels of tax rate. Finally, this paper provides some outcomes that could provide companies and government more evidence in establishing their policies in governance.
The Volatility of Market Risk in Groups of Viet Nam Listed Medicine and Medical Company Groups during and after the Financial Crisis 2007-2011
This survey uses the sample of total 14 listed firms of related medical industry in the Viet Nam economy and especially, the stock exchange which has been affected by the global crisis during the period 2007-2011. Specifically, we perform the risk re-analysis and estimation for the listed firms in Medicine, Medical equipment and Human resource industries. First of all, using quantitative and analytical methods to estimate asset and equity beta values of three (3) groups of sub-medical listed companies in Viet Nam Medicine, Medical equipment and Human resource industries with a suitable traditional model, we found out that the beta values, in general, for most companies are acceptable, excluding a few cases. There are 57% and 71% of listed firms with lower risk, among total 14 firms, whose beta values lower than (<) 1, which is measured by equity and asset beta, accordingly. Second, through comparison of beta values among three (3) above industries, we recognized there are still 21% and 7% of total listed firms in the above group companies with beta values higher than (>) 1 and have stock returns fluctuating more than the market index, indicated by equity and asset beta, accordingly. Ultimately, this paper generates some outcomes that could provides both internal and external investors, financial institutions, companies and government more evidence in establishing their policies in investments and in governance.
The Risk Level of Viet Nam Construction Industry under the Impacts of a Two Factors Model During and after the Global Crisis 2007-2011
Using a two (2) factors model, this research paper analyzes the impacts of both financial leverage and the size of firms’ competitors in the construction industry on the market risk level of 104 listed companies in this category. This paper founds out that the risk dispersion level in this sample study could be minimized in case financial leverage decreases down to 20% and the competitor size doubles (measured by equity beta var of 0,253). Beside, the empirical research findings show us that the risk level could be reduced when financial leverage increases up to 30% and the size of competitor doubles (measured by equity beta value of 0,934). Last but not least, this paper illustrates calculated results that might give proper recommendations to relevant governments and institutions in re-evaluating their policies during and after the financial crisis 2007-2011.
