This study examines the impact of inventory management on the performance of listed real estate firms in Vietnam, a capital-intensive sector where inventory critically shapes financial outcomes (Deloof, 2003; Shin & Soenen, 1998). Utilizing balanced panel data from 72 listed firms over the period 2021–2025, the study employs pooled ordinary least squares (OLS) regression models to analyze how distinct dimensions of inventory management affect return on assets (ROA). Inventory management is proxied by the inventory-to-sales ratio (ISR) and the inventory-to-total-assets ratio (ITA). The empirical results indicate that both ISR and ITA are negatively and significantly associated with firm performance, confirming that excessive inventory undermines asset utilization efficiency and profitability. Notably, ISR exhibits stronger explanatory power than ITA, highlighting the vital role of operational turnover speed. Additionally, revenue growth positively influences performance, financial leverage exerts a detrimental effect, and firm size remains statistically insignificant. This study offers essential empirical evidence from an emerging market and provides managers with strategic insights to optimize capital allocation and prevent efficiency losses.
Nghiên cứu đánh giá tác động của thương mại hàng hóa ICT (Information and Communications Technology) đến cường độ năng lượng và tính bền vững môi trường tại một số nền kinh tế Châu Á có mức độ hội nhập thương mại hàng hóa ICT cao, từ năm 2000 đến năm 2022. Một số kiểm định sơ bộ đã được tiến hành trên dữ liệu bảng, dựa vào đó các phương pháp phân tích thích hợp đã được lựa chọn. Các kiểm định nghiệm đơn vị, đồng liên kết và ước lượng dài hạn đã được thực hiện. Kết quả từ các ước lượng AMG (Augmented mean group) và CCEMG (Common correlated effects mean group) cho thấy thương mại hàng hóa ICT làm giảm cường độ sử dụng năng lượng và lượng khí thải CO2. Kết quả của phân tích khẳng định tầm quan trọng của thương mại hàng hóa ICT vì tính bền vững môi trường. Do đó, các quốc gia cần thúc đẩy nhập khẩu và ứng dụng các hàng hóa ICT hiện đại, tiết kiệm năng lượng, đồng thời lồng ghép ICT vào các chính sách chuyển dịch năng lượng nhằm hỗ trợ mục tiêu phát triển bền vững.
Psychological capital (PsyCap) plays an important role in increasing the learning capacity, professional skills, problem-solving, and innovation in the work of employees (Luthans et al., 2013). In developing countries, for example, Vietnam, research on PsyCap has not been mentioned much or fully. It extends beyond social capital and human capital to create profitability. The objective of this paper is to study the impact of PsyCap on the work engagement of sales staff in real estate enterprises in Vietnam. PsyCap includes the factors: 1) confidence, 2) optimism, 3) hope, and 4) resiliency. The research method we used is quantitative, with a sample size of 453 real estate sales staff in Vietnam. The research model is based on the theory of PsyCap and work engagement. The results of the study showed that resiliency had the strongest impact on dedication and passion at work, while confidence and optimism also had a positive effect, but to a lesser extent. However, factors such as hope did not have a significant impact. The study provides practical suggestions for real estate firms in developing training programs to enhance employees’ PsyCap to increase engagement and work performance.
Capital structure refers to the proportion of debt and equity employed by a firm to finance its operational activities. This study aims to examine the extent to which capital structure influences the financial profitability of telecommunication companies listed on the Vietnamese stock market. The dataset used in this study consists of 120 observations from 12 leading listed telecommunication companies in Vietnam over the period from 2014 to 2023. By employing a quantitative research approach using OLS, FEM, REM, and GLS models, the author provides empirical evidence that capital structure has a significant impact on the financial profitability of these companies. The influencing factors identified include: firm size, which has a positive relationship with the profitability of telecommunication companies; while the debt ratio, fixed assets ratio, and long-term assets ratio exhibit a negative relationship with profitability. Based on the research findings, the author proposes several recommendations to improve profitability in the telecommunications sector, such as increasing the proportion of equity in the capital structure, revaluating assets, or liquidating non-performing assets to reallocate or enhance equity capital.
