Vietnamese stock market is considered immature and unstable as the outside influence of economy and the weakness of market system. Herding behavior tends to exist in emerging market with lack in transparency, efficient information and macro financial management. Therefore, this research is...

TheModern Portfolio Theory has its benchmark which is theMarkowitz's Mean-Variance portfolio optimisation. However the Markowitz's Mean-Variance optimisation of portfolios with options (even simple products such as call or put) is a particularly difficult task, as the asymmetric returns of...

In this paper, we extend the framework of Leland's 94 by examining corporate debt, equity and firm values with jump-difffusion processes. We choose two kinds of jumps such as the uniform and double exponential jumps to model the distribution of the log jump sizes. By this choice, we are able to...

The issue of corporate governance has been increasingly popular in recent years. Corporate governance is considered as one of the most critical factors influencing firm performance, especially listed firms that belong to an Index. This paper is aimed at filling the gap by presenting the issue of...

The recent global credit and liquidity crisis have underscored the importance of systemic risk, especially in the banking system, which is the risk of the failure of the financial system caused by the default of one banking institution. The challenging environment has weakened Vietnamese banking...

Convertible bond, a hybrid instrument that offers the holders both fixed income of straight debt and capital gain of equity via attachment of the right to convert to common shares of issuing companies, has recently been issued in mass by important Vietnamese banks and groups. To account for this...

Stock indices prove their capacity as a powerful predictive tool, an effective performance benchmark, a measure of market efficiency and underlying assets for financial investment products. Vietnamese stock market currently enjoys a strong developing potentiality that promises profitable...

The relationship between deposit insurance and banking risks has been widely studied, but has been the subject of relatively few empirical studies, especially for Vietnamese banking system. This research contributes to the existing literature by exploring the effect of deposit insurance on...

Corporate governance has become one of the most popular phenomena that draw the worldwide attention recently as this issue has significant influences on the performance of almost every business. Regarding banking industry, the adoption of good corporate governance is much more vital, because a...

Along with monetary tools, fiscal policies have been strong instrument of the government to boost the economy, especially in recession periods, as a reason, the government always has to face budget deficit, whose effect is still controversial. Thus, this paper is aim to clarify the impacts of...