Academy Of Finance

Green finance moderates the association between foreign direct investment and green economic growth in Southeast Asian economies

This study investigates how green finance (GF) moderates the relationship between foreign direct investment (FDI) and green economic growth (GEG) in seven Southeast Asian economies over 2013–2023. Using pooled OLS, fixed effects, random effects, and feasible generalized least squ...

Developing an Indicator System for Assessing the Effectiveness of Public Expenditure on Education in Vietnam

This study aims to develop and validate an indicator system for assessing the effectiveness of public expenditure on education in Vietnam, conceptualizing effectiveness as a multi-layered policy transformation process rather than a linear relationship between spending levels and...

Income Diversification, Credit Risk, and Bank Stability: Evidence from Vietnamese Commercial Banks

This study examines the effects of income diversification on the stability of Vietnamese commercial banks, with particular attention to the roles of credit risk, profitability, and capital adequacy. Using panel data from 406 bank-year observations covering the period 2010–2024, t...

An empirical hybrid framework combining system dynamics, structural equation modeling and machine learning for circular economy transitions in urban solid waste management in Vietnam

Transitioning to a circular economy in urban solid waste management requires simultaneous changes in household source-separation behavior and in the technical infrastructure for collection, recycling, and treatment. This study develops and empirically evaluates a three-layer hybr...

Population Ageing, Public Health Expenditure and the Primary Fiscal Balance: Evidence from a Heterogeneous Global Panel, 1990–2024

Evidence on the fiscal consequences of population ageing rests largely on projections and regional panels. We examine how ageing relates to growth and the primary fiscal balance across sixty-nine economies from 1990 to 2024. Because cross-sectional dependence is pervasive and slo...

How AI-Based Recommendations on Short Video Platforms Drive Tourists’ Decisions: A Cross-Cultural Study of Destination Authenticity from Vietnam and France

This study examines factors influencing tourist perceptions and intentions toward artificial intelligence (AI)-recommended destinations on short-form video platforms, specifically how algorithmic characteristics and content attributes impact destination perceptions of authenticit...