In this paper, we examined 256 cases of financial failure and fraud occuring 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. Entrepreneurship development and creativity capacity building are necessary to improve socio-economic conditions and the environment. This work also introduces intuitive and cognitive factors to predict ex-ante outcome of a financing scheme.
This document was originally published by Canadian Center of Science and Education in International Journal of Business and Management. This work is provided under a Creative Commons Attribution 3.0 License. Details regarding the use of this work can be found at: http://creativecommons.org/licenses/by/3.0/. DOI: 10.5539/ijbm.v8n18p87.
Vuong, Quan Hoang; Napier, Nancy K.; Tran, Tri Dung; and Nguyen, Hong Kong T.. (2013). "A Categorical Data Analysis on Financial Failures in Vietnam, 2007-2013". International Journal of Business and Management, 8(18), 87-94. http://dx.doi.org/10.5539/ijbm.v8n18p87