A Categorical Data Analysis on Financial Failures in Vietnam, 2007-2013

Abstract

Abstract: In this paper, we examined 256 cases of financial failure and fraud occurring during the recent Vietnam's chaotic years from 2007 to 2013, employing methods of categorical data analysis. Reported results suggest that the rent-seeking approach, or resource-based orientation, alone does not help explain the outcome of a business intention while the association between Orientation and Approach is the best-fit predictor. Rampant financial collapse not only increases the cost of funds but also erodes trust in the economy ...