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The Effect of Financial Restructuring on the Financial Performance of Commercial Banks in Vietnam

Journal of Business Management & Economics

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Title The Effect of Financial Restructuring on the Financial Performance of Commercial Banks in Vietnam
 
Creator HANG NGA, PHAN THI
 
Description Vietnam had been restructuring commercial banks being widely used. While in most cases restructuring is employed when a given structure becomes dysfunctional, banks and economies restructure to also achieve a higher level of performance or to survive. Besides, commercial banks growing competition and globalization along with tightened fiscal policies are causing both private and public sector organizations to strive for greater efficiency and higher cost effectiveness. In many cases the desired results cannot be achieved without subjecting the bank strategy and structure to some transformation. In this context, restructuring is no longer just an option; it is a necessity for survival and growth. Restructuring takes place at different levels. At the level of the whole economy, it is a long-term response to market trends, technological change, and macroeconomic policies. At the sector level, restructuring causes change in the production structure and new arrangements across commercial banks. At the commercial banks level, commercial banks restructure through new business strategies and internal reorganization in order to adapt to new market requirements.The objectives of this paper were not only to look into the relevant literature but also to find common ground regarding the financial restructuring on the financial performance of commercial banks in Vietnam and reports the results of a survey of 300 persons working for the financial sector in Vietnam. In this paper, the researchers used analytical method of explore factor analysis to determining that are components of the financial restructuring on the financial performance of commercial banks in Vietnam. This paper conducted during the time from July 2015 to December, 2015. In addition, the research result showed that there were 300 persons working for the financial sector in Vietnam interviewed but 254 persons processed and answered 13 questions. The researcher had analyzed KMO test, the result of KMO analysis used for multiple regression analysis. Persons’ responses were measured through an adapted questionnaire on a 5-point Likert scale. Hard copy and online questionnaire were distributed among persons working for the financial sector in Vietnam. 
 
Publisher Journal of Business Management & Economics
 
Contributor —
 
Date 2016-03-31
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://innovativejournal.in/jbme/index.php/jbme/article/view/184
10.15520/jbme.2016.vol4.iss3.184.pp32-37
 
Source Journal of Business Management & Economics; Vol 4, No 3 (2016); 32-37
2347-5471
10.15520/jbme.2016.vol4.iss3
 
Language eng
 
Relation http://innovativejournal.in/jbme/index.php/jbme/article/view/184/pdf_73
10.15520/jbme.2016.vol4.iss3.184.167