The complexity and ambiguity of the contribution of foreign direct investment (FDI) to economic growth necessitates the development of recommendations for the analysis and management of foreign investment flows to maximize their positive impact on the economy and prevent negative consequences. In this regard, the aim of the study is to propose an economic and mathematical modeling of the foreign direct investment impact on economic growth and their interaction with domestic direct investment. The article proposes a classification of factors that determine the inflow of foreign direct investment to developed countries and developing countries. By introducing the external effect of foreign direct investment (capital repatriation), the authors modified the model with foreign direct investment in the form of accumulated foreign capital reserves. An analytical expression is obtained to relate the rate of economic growth to the amount of repatriation depending on the effects of supplementing and substituting foreign direct investment for foreign direct investment.

This paper was retracted based on the authors' request due to errors in the computations.

This study aims to examine the effect of cash holding and external financing on investment-cash flow sensitivity. The sample in this research is the firm of non-finance which was listed on the Indonesia Stock Exchange over the period 2008-2017. The sample in this study was divided into categories of financial constraint to determine the influence of both variables more clearly on firms with different financial conditions. The research method used panel data regression by using fixed effect model to estimate investment-cash flow sensitivity. This study found that cash holding had a positive and significant effect on investment-cash flow sensitivity. Furthermore, external financing also had a positive and significant effect on investment cash flow sensitivity. The result of research refers that external financing is a substitute of internal funding to finance their investment; therefore, the companies have to manage finances well to their investment to enhance the value of the company and maximize shareholder wealth.

The article examines the impacts of cash holding ratio on the performance of firms listed in Vietnam for the period of 2008-2018. The author finds that the proportion of cash holding had a positive impact on the firm performance. The study also shows the impacts of financial leverage, the ratio of tangible assets, firm size, and sales growth on the firm performance. In addition, this is the first study in Vietnam to find a positive and statistically significant impact of state ownership on the firm performance. Thus, the firm performance can be achieved by the effective state capital management. The results of this study provide a reliable basis for financial managers to make appropriate cash holding decisions to improve the firm performance.

In Vietnam, public hospitals are increasingly operating in a highly competitively environment and therefore cost management has become an imperative. The purpose of this research is to establish the factors influencing cost system development success among public hospitals in Vietnam. In order to achieve this objective, some primary and secondary data were used. The secondary data include books, journals, periodicals, unpublished research materials and the internet and the primary data include interview and a well-structured questionnaire administered to 260 respondents in the 50 public hospitals sampled from the population. The data collected from the questionnaire were analyzed using relevant econometric tests. The results suggest a relationship between the factors influencing the cost system development in public hospitals in Vietnam.

We examine the impact of CEO duality on firm performance using the life-cycle theory approach. The data is balanced and covers over the period 2012–2018 for 442 publicly listed firms in Vietnam. The findings from system generalized method of moments (GMM) method indicate that CEO duality had a positive effect on firm performance in growth stage and had a negative effect on the mature stage of the firm’s life-cycle. These results are supported by stewardship theory which argues that CEO duality may be good for firm performance in the growth stage due to the unity of presented command. In contrast, agency theory shows CEO duality is bad for firm performance in the maturing stage since it compromises the monitoring and controls the behavior of the CEO. Also, this study shows that there was a difference between state shareholders and director from outside of the company affecting the firm performance.

The purpose of this study is to determine the effects of green accounting and Material Flow Cost Accounting (MFCA) on environmental performance as indicated by PROPER rating. This study is conducted on cement manufacturing companies in Indonesia by using a descriptive quantitative research model tested on three variables: green accounting, MFCA, and environmental performance. The green accounting aspect is taken from the extent of Global Reporting Initiative (GRI) disclosure and MFCA is focused on the effectiveness of costs. The MFCA dimensions are production costs, size of production area, and production value. Environmental performance aspect is measured by the PROPER rating issued by the Ministry of Environment and Forestry. The study is conducted in several stages. First, a literature review of previous research related to green accounting, MFCA, and environmental performance is performed. Next, the research problems are formulated. After that, the data from the companies are collected and analyzed by using SmartPLS. Finally, it is concluded that green accounting affects environmental performance, whereas MFCA has no effect on environmental performance.

Online shopping is recently showing rapid development. There are a lot of e-commerce sites with several categories that appear in the community, along with changes in the way people shop from conventional shopping into virtual shopping. The most publicly visited e-commerce sites are C2C e-commerce sites, namely Tokopedia, Shopee, Bukalapak, and Elevenia. However, the popularity of C2C e-commerce sites must be reviewed since there is a decrease in marketing performance and in brand share over the period 2018-2019, which can weaken and harm C2C e-commerce sites. This research was conducted to analyze the factors that influence trust, purchase intention, and transaction security to improve consumer purchasing decisions of C2C e-commerce sites in Central Java. Using data from 160 respondents who had made purchases on the C2C e-commerce site throughout 2019, ten hypotheses were proposed through the Structural Equation Model (SEM) analysis. The results show that purchasing decisions were influenced by trust. Consumer trust increases if the quality of the products provided by the website is adequate, thus will shape consumer trust.

This article focuses on identifying the essential factors that affect the audit quality and proposing some implications of the policy to contribute to the enhancement of the social trust in Vietnam audit profession. The pressure on the certified and reliable financial information is a key challenge to stimulate auditors to improve audit quality. The study reaches its objective by analyzing the point of views from survey participants (CPA and independent auditors) by using questionnaires and interviewing in combination with abroad and domestic references. The authors have collected 102 responses from professional staff working in auditing firms in Ho Chi Minh (HCM) city. Through evaluating the reliability of the scale, exploratory factor analysis (EFA), correlation analysis and multiple linear regression analysis, the research model shows that there are six factors affecting the audit quality. They are (1) professional ethics of auditors, (2) professional capacity of auditors, (3) quality of external control, (4) internal factors belong to auditing firms, (5) audit fees and (6) size of auditing firms.

The research is devoted to the adaptation of theoretical and applied organizational grounds of favorable investment climate based on the establishment of an efficient mechanism of investment capacity increase in Ukraine. The main aim of the paper is to substantiate the mechanism of forming a favorable investment climate as the basis of investment capacity increase in Ukraine. The paper verifies the authors’ hypothesis on the adequacy of the substantiation of the mechanism of favorable investment climate forming as the basis of investment capacity increase leading to the substantial improvement of Ukrainian positions in international rankings. The dependence of Ukraine’s investment climate on the formed mechanism of its development is confirmed, and the necessity of its improvement is emphasized. The paper proves that forming of the favorable investment climate as the main precondition of boosted development, reproduction, and efficient use of investment climate at all levels is one of the most important strategic tasks that Ukraine faces. Economic, institutional-legal, and organizational-administrative mechanisms and implementation tools directed at improvement of the investment climate in Ukraine and the creation of conditions for investment capacity growth and its efficient transformation into an investment product are systematized.

Vietnamese construction enterprises play an important role in Vietnam's economic development. However, Vietnamese construction enterprises are facing many difficulties in business activities. One of the difficulties is the management of business activities to improve the efficiency of the business. There are many management tools that provide information to managers in order to make decisions in the business operations of the business effectively. One of the important tools for managing business operations in an enterprise is the use of internal controls. Internal control will establish control procedures to provide security for assets and information of the business. The full application of internal control elements in the business will help businesses save costs, increase sales and improve corporate performance. The purpose of this study is to explore the application of internal control elements to improve performance in Vietnamese construction firms. The study used 256 questionnaires sent to managers in construction businesses. After collecting 106 questionnaires, the study used SPSS 20 to process and analyze data. The research results show a positive relationship between elements of internal control and performance. The results of the study show that Vietnamese construction enterprises need to apply aspects of internal control to improve their performance.