Factors affecting the development of the Vietnamese derivative securities market

Investment Management & Financial Innovations

卷:17

Tran Quoc Thinh¹  Ly Hoang Anh²  Nguyen Ngoc Khanh Dung³ 

[1] Ph.D., Associate Professor, Faculty of Accounting and Auditing, Industrial University of Ho Chi Minh city;

[2] Ph.D., Associate Professor, Faculty of Business Administration, Saigon university of Ho Chi Minh city;

[3] Ph.D., Faculty of Accounting and Auditing, Industrial university of Ho Chi Minh city;

关键词: capital market;    derivatives;    economic resources;    financial instrument;    financial market;    investment;   

DOI  :  10.21511/imfi.17(4).2020.03

来源: DOAJ

【 摘 要 】

In the context of integration, the capital market has important implications for strengthening economic resources for development. This becomes even more important as the derivative securities market has recently emerged in some countries. It is an opportunity for countries to approach many capital sources, especially foreign capital. The objective of this paper is to identify factors affecting the development of Vietnamese derivative financial markets. The paper uses exploratory factor analysis and ordinary least squares to test the model. A survey sample includes 152 managers and experts of Vietnamese derivative securities companies in 2019. The results show that the International integration factor has the same direction, while the Legal environment factor has an adverse impact on the development of the Vietnamese derivative securities market. Therefore, Vietnamese regulatory bodies should amend some laws to create stability in the legal corridor, and state management agencies in the country need the orientation and the international integration strategy to attract financial resources for the development of Vietnam’s economy.

【 授权许可】

Unknown