Board Directors, Financial Derivatives, and Corporate Governance: The Case of Vietnam

ISBN-13: 9789811914027 / Angielski / Miękka / 2023

Tran Thi Hong Lien

Opis

This book gives readers a look inside the boardrooms and directors’ minds—a desirable but highly challenging task for researchers due to the lack of access to top teams in organizations. This book breaks through that barrier with a mixed-methods investigation of boardrooms in the emerging country of Vietnam particularly on the topic of financial derivatives. Directors are the leading players within the corporate governance framework. The general effectiveness of the board depends on their roles, processes and competencies. Given the scandals marring the history of the financial industry, this book aims to tackle the question of whether board directors have the financial acumen required to handle the tricky instruments of financial derivatives through interviews with board directors and analysis of their organizations.  Providing a managerial perspective of financial derivatives, this distinguishes itself from more popular financial engineering books and would be a useful read for government officials, board directors, training organizations and scholars, particularly in Vietnam. 

Spis treści

Introduction

Chapter 1 Corporate Governance: A Brief History

1.1. The History of Corporations and Their Nature

1.2. Developments in Corporate Governance

1.3. Definitions and Areas of Interest

1.4. Corporate Governance Models

1.5. Theories of Corporate Governance

Chapter 2 Board Directors: Roles, Processes and Competencies

2.1. Roles of the Board of Directors

2.2. Board Processes and Directors’ Human Capital

2.3. Directors’ Competencies

Chapter 3 Financial Derivatives: Generals, Board Roles and Scandals

3.1. Overview of Financial Derivatives

3.2. Uses of Financial Derivatives

3.3. Financial Derivatives Scandals

3.4. Directors’ Knowledge of Financial Derivatives

3.5. Early Financial Derivatives Scandals in Vietnam

Chapter 4 Research Design

4.1. Pragmatism and Mixed Methods

4.2. Informing Theories

4.3. Quantitative Inquiry

4.4. Qualitative Inquiry

Chapter 5 A Big Picture of Directors’ Understanding of Financial Derivatives in Vietnam

5.1. Data Description 

5.2. Directors’ Understanding of Using Financial Derivatives from Descriptive Analysis

5.3. Association between Directors’ Understanding with Attitude and Other Variables

5.4. Extensive Impact of Directors’ Knowledge of Financial Derivatives

5.5. Connecting Directors’ Knowledge and Attitude with Corporate Policy

Chapter 6 Directors’ Perspectives of the Big Picture

6.1. Directors’ Understanding of the Use of Financial Derivatives: An Explanation

6.2. Influence of Directors’ Knowledge on Attitude and Other Variables

6.3. Gaps and Risks

6.4. Business Culture

6.5. The Government’s Role in Establishing a Financial Derivatives Market

6.6. The Market for Financial Derivatives in Vietnam

6.7. Expected and Emerging Themes

Chapter 7 Ways Forward: Corporate Governance Policies

7.1. Combination of Qualitative and Quantitative Elements to Address Research Questions

7.2. Directors’ Recommended Ways to Improve Their Knowledge of Financial Derivatives

7.3. Corporate Policy on Financial Derivatives as Suggested by Directors

7.4. Implications

7.5. Contribution, Limitations and Recommendations for Future Research

Conclusion

References

O autorze

Tran Thi Hong Lien completed her Ph.D. at Murdoch University (Australia) on the field of corporate governance. She has years of experience in corporate training and consulting for medium to large private companies and public organizations, in leadership, corporate culture, corporate design and strategic management. Currently, she is the vice dean of Faculty of Business Administration, University of Economics and Law, Vietnam National University, Ho Chi Minh City. 

She started corporate governance research in 2009 and has published in both English and Vietnamese on the topic. Her research is on the relationship between corporate governance and firm performance, with empirical evidence from listed companies in Vietnam and the ASEAN region.