Assessment of the financial safety of securities companies in Vietnam

• Autorzy: Anh Nguyen Phuong

Identyfikatory

DOI

10.15439/2021KM87

• Języki publikacji: EN

Abstrakty

EN

The study was carried out to assess the financial safety of securities companies in Vietnam through the CAMEL system and Decision 617/QD-UBCK dated October 9, 2013 of the Chairman of State Security Commission of Vietnam (SSC) on guiding the classification of Vietnamese securities businesses. The study used statistical and data collection methods from financial statements and financial safety ratio reports of 71 securities companies which are the members of Ho Chi Minh Stock Exchange in the period 2013-2019. From there, the author calculated and analyzed the groups of criteria for assessing financial safety of securities companies, including: Capital Adequacy (C); Asset Quality (A); Earnings Power (E) and Liquidity (L). The results showed that the financial safety of most securities companies between 2013 and 2019 has been guaranteed, only a few securities companies have not gained capital adequacy or remained low profitability, causing prolonged business losses. Therefore, the study proposed a number of solutions to ensure financial safety for the system of securities companies in Vietnam.

Słowa kluczowe

EN

financial safety; securities company

PL

bezpieczeństwo finansowe; spółka papierów wartościowych

• Wydawca: Polskie Towarzystwo Informatyczne
• Czasopismo: Annals of Computer Science and Information Systems
• Rocznik: 2021
• Tom: Vol. 28
• Strony: 63--71
• Opis fizyczny: Bibliogr. 12 poz., tab., wykr.

Twórcy

autor

Anh Nguyen Phuong

• Faculty of Business Administration Hanoi University of Industry, No. 298, Cau Dien Street, Bac Tu Liem District, Hanoi, Vietnam

Bibliografia

• 1. Haseeb Zaman Babar và Gul Zeb, “Camels Rating System for Banking industry in Pakistan,” 2011.
• 2. Hoang Thi Bich Ha, “Financial Safety of Vietnamese securities companies,” doctoral thesis in economics of Academy of Finance, 2018.
• 3. IOSCO, “Capital Adequacy Standards for securities firms,” 1989.
• 4. IOSCO, “Comparison of Equity Position Risk And Scope For Harmonization,” 1990.
• 5. Ministry of Finance, “Circular stipulating financial safety norms and handling measures for securities trading organizations that fail to meet the financial safety criteria,” Circular No. 91/2020/TT-BTC dated 13/11/2020.
• 6. Misha Aswini Kumar, G.SriHasha, Shivi Anand và Neil Rajesh Dhuva, “Analyzing Soundness in Indian Banking: A Camel Approad,” 2012.
• 7. Nguyen Thanh Phuong, “Financial Safety of Vietnamese securities companies.” Scientific research project at the Academy level, Banking Academy, 2016.
• 8. Philip L.Brock, “Financial Safety Nets and Incentive Structures in Latin America,” 1999.
• 9. State Securities Commission, “Decision on promulgating the regulation guiding the classification of securities companies”, Decision No. 617/QD-UBCK dated October 9, 2013.
• 10. Tran Thi Xuan Anh, “Application of the CAMEL system to evaluate the performance of Vietnamese securities companies,” Research project, Banking Academy, 2014.
• 11. Truong Van Gioi – Le Khac Kieu Luc, “Sino-Vietnamese dictionary,” Social Science Publisher, 2010.
• 12. Wirnkar và Tanko, “Camels and Banks Performance Evaluation: The way Forward,” 2008.

Uwagi

1. Preface

2. Session: International Conference on Research in Management and Technovation