English
19(9)2024
Mối quan hệ giữa đa dạng hóa thu nhập, vốn nhân lực, quy mô và hiệu quả tài chính của các ngân hàng thương mại cổ phần của Việt Nam niêm yết trên HOSE
Tác giả liên hệ, Email:Ngày nộp: 04-03-2024
Ngày duyệt đăng: 26-04-2024 Ngày xuất bản: 15-07-2024
Tóm tắt
Chỉ số JEL
Từ khóa
Trích dẫn:
Nguyen, P. K. (2024). Mối quan hệ giữa đa dạng hóa thu nhập, vốn nhân lực, quy mô và hiệu quả tài chính của các ngân hàng thương mại cổ phần của Việt Nam niêm yết trên HOSE [The relationship between income diversification, human capital, scale and financial performance of Vietnam’s joint stock commercial banks listed on HOSE]. Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh – Kinh tế và Quản trị Kinh doanh, 19(9), 79-95. doi:10.46223/HCMCOUJS.econ.vi.19.9.3284.2024
Tài liệu tham khảo
Addai, B., Tang, W., Gyimah, A. G., & Twumasi, M. A. (2022). Income diversification and bank performance nexus: Does corruption matter? Journal of Multinational Financial Management, 65, Articcle 100757. doi:10.1016/j.mulfin.2022.100757
Ahamed, M. M. (2017). Asset quality, non-interest income, and bank profitability: Evidence from Indian banks. Economic Modelling, 63, 1-14.
Alouane, N., Kahloul, I., & Grira, J. (2022). The trilogy of ownership, income diversification, and performance nexus: Empirical evidence from Tunisian banks. Finance Research Letters, 45, Article 102180. doi:10.1016/j.frl.2021.102180
Amihud, Y., & Lev, B. (1981). Risk reduction as a managerial motive for conglomerate mergers. The Bell Journal of Economics, 12(2), 605-611. doi:10.2307/3003575
Arthur, S., & Sheffrin, S. M. (2003). Economics: Principles in action. Upper Saddle River, NJ: Pearson Prentice Hall.
Badawi, A., Nugroho, L., & Hidayah, N. (2021). Islamic bank performance: Does low-cost fund and labor cost affect it? (Empirical cases in Bank Syariah Mandiri-Indonesia). Business Economics and Management Research Journal, 4(2), 81-92.
Baltagi, B. H. (1998). Panel data methods. In A. Ullah (Ed.), Handbook of applied economic statistics (pp. 311-323). New York, NY: CRC Press.
Batten, J. A., & Vo, X. V. (2016). Bank risk shifting and diversification in an emerging market. Risk Management, 18, 217-235.
Beck, N., & Katz, J. N. (1995). What to do (and not to do) with time-series cross-section data. American Political Science Review, 89(3), 634-647.
Chính phủ. (2018). Nghị định 39/2018/NĐ-CP Ngày 11/03/2018 Quy định chi tiết một số điều của Luật Hỗ trợ doanh nghiệp nhỏ và vừa [Decree 39/2018/ND-CP dated March 11, 2018 Detailing a number of articles of the Law on Support for Small and Medium Enterprises]. Truy cập ngày 16/03/2023 tại https://thuvienphapluat.vn/van-ban/Doanh-nghiep/Nghi-dinh-39-2018-ND-CP-huong-dan-Luat-Ho-tro-doanh-nghiep-nho-va-vua-366561.aspx
Chiorazzo, V., Milani, C., & Salvini, F. (2008). Income diversification and bank performance: Evidence from Italian banks. Journal of Financial Services Research, 33(3), 181-203.
De Jonghe, O. (2010). Back to the basics in banking? A micro-analysis of banking system stability. Journal of Financial Intermediation, 19(3), 387-417. doi:10.1016/j.jfi.2009.04.001
Do, D. T. (2021). Tác động của quy mô doanh nghiệp đến hiệu quả tài chính của các doanh nghiệp ngành nhựa niêm yết trên thị trường chứng khoán Việt Nam [The impact of business scale on the financial performance of plastic industry businesses listed on the Vietnamese stock market]. Tạp chí Công Thương, 7(3), 213-223.
Doumpos, M., Gaganis, C., & Pasiouras, F. (2016). Bank diversification and overall financial strength: International evidence. Financial Markets, Institutions & Instruments, 25(3), 169-213.
Elsas, R., Hackethal, A., & Holzhäuser, M. (2010). The anatomy of bank diversification. Journal of Banking & Finance, 34(6), 1274-1287.
Feyen, E., Frost, J., Gambacorta, L., Natarajan, H., & Saal, M. (2021). Fintech and the digital transformation of financial services: Implications for market structure and public policy. Truy cập ngày 13/10/2023 tại http://www.bis.org/publ/bppdf/bispap117.pdf
Fiordelisi, F., Marques-Ibanez, D., & Molyneux, P. (2011). Efficiency and risk in European banking. Journal of Banking and Finance, 35(5), 1315-1326. doi:10.1016/j.jbankfin.2010.10.005
Francis, B. B., Hasan, I., Küllü, A. M., & Zhou, M. (2018). Should banks diversify or focus? Know thyself: The role of abilities. Economic Systems, 42(1), 106-118.
Ghafoorifard, M., Sheykh, B., Shakibaee, M., & Joshaghan, N. S. (2014). Assessing the relationship between firm size, age, and financial performance in listed companies on Tehran stock exchange. International Journal of Scientific Management and Development, 2(11), 631-635.
Githaiga, P. N. (2022). Income diversification and bank risk-taking: The moderating role of intellectual capital. Cogent Business & Management, 9(1), Article 2149142. doi:10.1080/23311975.2022.2149142
Gujarati, D. N., & Porter, D. C. (2009). Basic econometrics. New York, NY: McGraw-hill.
Gujarati, D. N., Porter, D. C., & Gunasekar, S. (2012). Basic econometrics. New York, NY: Tata Mcgraw-Hill Education.
Gupta, N., & Mahakud, J. (2020). Ownership, bank size, capitalization, and bank performance: Evidence from India. Cogent Economics & Finance, 8(1), Article 1808282. doi:10.1080/23322039.2020.1808282
Hafidiyah, M. N., & Trinugroho, I. (2016). Revenue diversification, performance, and bank risk: Evidence from Indonesia. JDM (Journal Dinamika Manajemen), 7(2), 139-148.
Hamdi, H., Hakimi, A., & Zaghdoudi, K. (2017). Diversification, bank performance and risk: Have Tunisian banks adopted the new business model? Financial Innovation, 3(1), 1-25.
Hoechle, D. (2007). Robust standard errors for panel regressions with cross-sectional dependence. The Stata Journal, 7(3), 281-312.
Jahn, N., Memmel, C., & Pfingsten, A. (2013). Banks’ concentration versus diversification in the loan portfolio: New evidence from Germany (Discussion Paper No. 53/2013). Truy cập ngày 10/10/2023 tại https://ssrn.com/abstract=2796948
Johan, S., & Hapsari, C. G. (2020). Determinants of banking performance in Indonesia: A human capital perspective. Journal Manajemen, 17(2), 130-139.
Johanson, U., & Nilson, M. (1996). The usefulness of human resources costing and accounting. Journal of Human Resource Costing & Accounting, 1(1), 117-138.
Khan, M. A., Siddique, A., & Sarwar, Z. (2020). Determinants of non-performing loans in the banking sector in developing state. Asian Journal of Accounting Research, 5(1), 135-145.
Khemani, R. S., & Shapiro, D. M. (1993). An empirical analysis of Canadian merger policy. The Journal of Industrial Economics, 41(2), 161-177.
Kim, J., & Kim, Y. C. (2020). Heterogeneous patterns of income diversification effects in US bank holding companies. International Review of Economics & Finance, 69, 731-749.
Klein, P. G., & Saidenberg, M. R. (2010). Organizational structure and the diversification discount: Evidence from commercial banking. The Journal of Industrial Economics, 58(1), 127-155. doi:10.1111/j.1467-6451.2010.00409
Le, C. H. D. (2022). Mối quan hệ giữa quy mô và hiệu quả tài chính các ngân hàng thương mại Việt Nam [Relationship between size and fianancial performance of Vietnam commercial banks]. Truy cập ngày 13/10/2023 tại https://tapchinganhang.gov.vn/moi-quan-he-giua-quy-mo-va-hieu-qua-tai-chinh-cac-ngan-hang-thuong-mai-viet-nam.htm
Lee, J. (2009). Does size matter in firm performance? Evidence from US public firms. International Journal of the Economics of Business, 16(2), 189-203.
Lee, J. Y., & Kim, D. (2013). Bank performance and its determinants in Korea. Japan and the World Economy, 27, 83-94.
Lee, S. P. (2018). Determinants of bank performance in Malaysia. Argumenta Oeconomica, 41(2), 311-335. doi:10.15611/aoe.2018.2.14
Lev, B., & Schwartz, A. (1971). On the use of the economic concept of human capital in financial statements. The Accounting Review, 46(1), 103-112.
Maghyereh, A. I., & Yamani, E. (2022). Does bank income diversification affect systemic risk: New evidence from dual banking systems. Finance Research Letters, 47, Article 102814. doi:10.1016/j.frl.2022.102814
Markowitz, H. (1952). The utility of wealth. Journal of Political Economy, 60(2), 151-158.
McKibbin, W., & Fernando, R. (2021). The global macroeconomic impacts of Covid-19: Seven scenarios. Asian Economic Papers, 20(2), 1-30.
Meng, X., Cavoli, T., & Deng, X. (2018). Determinants of income diversification: Evidence from Chinese banks. Applied Economics, 50(17), 1934-1951.
Mercieca, S., Schaeck K., & Wolfe, S. (2007). Small European banks: Benefits from diversification? Journal of Banking & Finance, 31(7), 1975-1998.
Meslier, C., Tacneng, R., & Tarazi, A. (2014). Is bank income diversification beneficial? Evidence from an emerging economy. Journal of International Financial Markets, Institutions and Money, 31, 97-126.
Morse, W. J. (1973). A note on the relationship between human assets and human capital. The Accounting Review, 48(3), 589-593.
Mule, K. R., Mukras, M. S., & Nzioka, O. M. (2015). Corporate size, profitability, and market value: An econometric panel analysis of listed firms in Kenya. European Scientific Journal, 11(13), 376-396.
Nguyen, S. M., & Thai, L. T. T. (2018). Đa dạng hóa thu nhập và quy mô tổng tài sản tại các Ngân hàng thương mại: Nghiên cứu thực nghiệm tại Asean [Revenue diversification and total assets in commercial banks: Evidence from selected Asean countries]. Tạp chí Kinh tế & Phát triển, 257, 48-57.
Nguyen, T. T. T., & Hoang, T. A. (2019). Đa dạng hóa thu nhập tác động đến rủi ro của các ngân hàng thương mại Việt Nam [The impact of income diversification on the risks of Vietnamese commercial banks]. Truy cập ngày 13/10/2023 tại https://thitruongtaichinhtiente.vn/da-dang-hoa-thu-nhap-tac-dong-den-rui-ro-cua-cac-ngan-hang-thuong-mai-viet-nam-25193.html
Nguyen, D. T., Le, T. D., & Tran, S. H. (2023). The moderating role of income diversification on the relationship between intellectual capital and bank performance evidence from Viet Nam. Cogent Business & Management, 10(1), Article 2182621.
Nguyen, M., Perera, S., & Skully, M. (2012). Bank market power and revenue diversification: Evidence from selected Asean countries. Journal of Asian Economics, 23, 688-700.
Nguyen, M., Perera, S., & Skully, M. (2016). Bank market power, ownership, regional presence, and revenue diversification: Evidence from Africa. Emerging Markets Review, 27, 36-62.
Nguyen, V. T. T. (2019). Đa dạng hóa và rủi ro của các ngân hàng thương mại Việt Nam [Diversification and risks of Vietnamese commercial banks]. Tạp chí Khoa học và Kinh tế phát triển, 5+6(2019), 189-202.
Niresh, A., & Thirunavukkarasu, V. (2014). Firm size and profitability: A study of listed manufacturing firms in Sri Lanka. International Journal of Business and Management, 9(4), 57-64.
Nisar, S., Peng, K., Wang, S., & Ashraf, B. N. (2018). The impact of revenue diversification on bank profitability and stability: Empirical evidence from South Asian countries. International Journal of Financial Studies, 6(2), Article 40.
Noor, I., & Siddiqui, D. A. (2019). Evidence of non-linear relationship between non-interest income and profitability of commercial banks in Pakistan. Asian Journal of Economic Modelling, 7(1), 14-26.
Obaro, V. C., Onuorah, A. C., Evesi, H. O., & Ehiedu, V. C. (2022). Diversification and the performance of quoted banks in Nigeria. Quest Journal of Research in Business and Management, 10(10), 46-54.
O’sullivan, A., Sheffrin, S. M., & Swan, K. (2003). Economics: Principles in action. Upper Saddle River, NJ: Prentice-Hall, Inc.
Oxley, L., Le, T., & Gibson, J. (2008). Measuring human capital: Alternative methods and international evidence. Korean Economic Review, 24(2), 283-344.
Pedrini, M. (2007). Human capital convergences in intellectual capital and sustainability reports. Journal of Intellectual Capital, 8(2), 346-366.
Pham, V. Q., & Pham, P. T. Q. (2020). Đa dạng hóa, tập trung thị trường và rủi ro vỡ nợ của ngân hàng thương mại Việt Nam [Diversification, market concentration and default risk of Vietnamese commercial banks]. Truy cập ngày 13/10/2023 tại https://tapchitaichinh.vn/da-dang-hoa-tap-trung-thi-truong-va-rui-ro-vo-no-cua-ngan-hang-thuong-mai-viet-nam.html
Phan, D. T., Nguyen, T. T., & Hoang, T. T. (2022). Impact of income diversification on the business performance of Vietnamese commercial banks. Cogent Business & Management, 9(1), Article 2132592.
Prastiwi, I. E., & Anik, A. (2020). The impact of credit diversification on credit risk and performance of Indonesian banks. Global Review of Islamic Economics and Business, 8(1), 13-21.
Radojičić, J., & Marinković, S. (2023). Impact of income and assets diversification on Bank performance in Serbia. Economic Themes, 61(2), 197-214.
Rizwan, M., Khan, M. N., Nadeem, B., & Abbas, Q. (2016). The impact of workforce diversity towards employee performance: Evidence from banking sector of Pakistan. American Journal of Marketing Research, 2(2), 53-60.
Rosita, R., Ghozali, I., Harto, P., Susanto, H., & Zainuddin, F. (2020). Intellectual capital and financial performance of state-owned banking: Evidence from Indonesia. International Journal of Learning and Intellectual Capital, 17(1), 47-60.
Saghi-Zedek, N. (2016). Product diversification and bank performance: Does ownership structure matter? Journal of Banking & Finance, 71, 154-167.
Sanya, S., & Wolfe, S. (2011). Can banks in emerging economies benefit from revenue diversification? Journal of Financial Services Research, 40, 79-101.
Schultz, T. W. (1961). Investment in human capital. The American Economic Review, 51(1), 1-17.
Šeho, M., Ibrahim, M. H., & Mirakhor, A. (2021). Does sectoral diversification of loans and financing improve bank returns and risk in dual-banking systems? Pacific-Basin Finance Journal, 68, Article 101619. doi:10.1016/j.pacfin.2021.101619
Shehata, N., Salhin, A., & El-Helaly, M. (2017). Board diversity and firm performance: Evidence from the UK SMEs. Applied Economics, 49(48), 4817-4832.
Shim, J. (2019). Loan portfolio diversification, market structure and bank stability. Journal of Banking & Finance, 104, 103-115. doi:10.1016/j.jbankfin.2019.04.006
Stiroh, K. J., & Rumble, A. (2006). The dark side of diversification: The case of U.S. financial holding companies. Journal of Banking & Finance, 30, 2131-2161.
Sun, L., Wu, S., Zhu, Z., & Stephenson, A. (2017). Noninterest income and performance of commercial banking in China. Science Program, 2017(4), 1-8. doi:10.1155/2017/4803840
Tabak, B. M., Fazio, D. M., & Cajueiro, D. O. (2011). The effects of loan portfolio concentration on Brazilian banks’ return and risk. Journal of Banking & Finance, 35(11), 3065-3076. doi:10.1016/j.jbankfin.2011.04.006
Taleb, G. S. A., & Khatib, M. A. Y. A. (2016). Human capital and its impact on banking financial performance. Research Journal of Finance and Accounting, 7(9), 101-109.
Tashman, P., Spadafora, E., & Wagner, D. P. M. (2023). Formal institutions, type of diversification and the diversification-performance relationship: A meta-analysis. Multinational Business Review, 31(1), 91-110.
Tran, T. T. D., & Phan, H. T. T. (2020). Bank size, credit risk and bank profitability in Vietnam. Malaysian Journal of Economic Studies, 57(2), 233-251.
Trofimov, I. D., Md. Aris, N., & Ying, J. Y. (2018). Determinants of commercial banks’ profitability in Malaysia. Truy cập ngày 13/10/2023 tại https://mpra.ub.uni-muenchen.de/85598
Wayhan, V. B., & Werner, S. (2000). The impact of workforce reductions on financial performance: A longitudinal perspective. Journal of Management, 26(2), 341-363.
Widarni, E. L., & Bawono, S. (2022). The role of human capital on the performance of Islamic banks in Indonesia, Malaysia, and Thailand. In Procceding of Brawijaya International Conference on Economics, Business and Finance 2021 (BICEBF 2021) (pp. 172-180). Kuta bali, Indonesia: Atlantis Press.
Yang, S., Li, Z., Ma, Y., & Chen, X. (2018). Does electronic banking really improve bank performance? Evidence in China. International Journal of Economics and Finance, 10(2), 82-94.
Yen, S. B., Lee, A. C., & Arokiasamy, L. (2019). Review of empirical research on intellectual capital and financial performance in the banking. Global Business and Management Research: An International Journal, 11(1), 538-550.
Yildirim, C., Kasman, A., & Hamid, F. S. (2021). Impact of foreign ownership on market power: Do regional banks behave differently in Asean countries? Economic Modelling, 105, Article 105654.
Yusuf, I. (2013). The relationship between human capital efficiency and financial performance: An empirical investigation of quoted Nigerian banks. Research Journal of Finance and Accounting, 4(4), 148-154.
Zouaoui, H., & Zoghlami, F. (2023). What do we know about the impact of income diversification on bank performance? A systematic literature review. Journal of Banking Regulation, 24(3), 286-309.
© The Author(s) 2024. This is an open access publication under CC BY NC licence.