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Title: Rent-seekers' lost El Dorado: Vietnam's financial turmoil, 2007-2013.
Authors: Quan, Vuong Hoang
Napier, Nancy K.
Tri, Tran Dung
Keywords: Financial frauds
Economic transition
Việt Nam
Abstract: In this investigation, we examined 256 cases of financial failure and fraud in Vietnam’s chaotic years from 2007 to 2013. Categorical data analyses 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, in light of 126 this, are necessary to improve socio-economic conditions and the environment. In this manuscript, we also introduce intuitive and cognitive factors to predict ex-ante outcome of a financing scheme.
Appears in Collections:Economic development

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