Human Resource Management Factors in Financial Analysis of Securities Companies

International Journal of Economics and Financial Issues Pub Date : 2024-07-03 DOI:10.32479/ijefi.16348

Nguyen Thi Mo, Cao Minh Tien, Tran Thi Lan Anh, Tran Van Hai

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Abstract

The outcomes of financial analysis serve as the basis for crucial decision-making in business operations. However, many small-scale securities companies tend to overlook this aspect. This study aims to investigate the relationship between financial analysis activities and business outcomes of small-scale securities companies in Vietnam. Data were collected from 92 respondents working in 27 small-scale securities companies (with owner equity of less than 250 billion Vietnamese Dong), holding positions such as management (directors, assistant directors, financial directors, chief accountants) and staff (financial and accounting personnel) involved in financial and accounting operations of Vietnamese securities companies. Sampling was conducted selectively from September 2023 to December 2023. Utilizing quantitative research, the Partial Least Squares Structural Equation Modeling (PLS-SEM) method was employed using SPSS 20 and AMOS 20 software. Results indicate that Financial Analysis Method (MAF) and Financial Analysis Content (variable FAC) positively influence financial analysis activities of small securities companies. Recommendations to enhance securities companies' business outcomes include (i) employing the EVA technique in financial analysis, (ii) improving management capabilities in financial report analysis, (iii) enhancing the skills of accounting and financial staff, and (iv) applying and operating professional ethical principles.

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证券公司财务分析中的人力资源管理因素

财务分析的结果是企业运营中重要决策的基础。然而，许多小型证券公司往往忽视了这一点。本研究旨在调查越南小型证券公司的财务分析活动与经营成果之间的关系。本研究收集了在 27 家小型证券公司（所有者权益低于 2500 亿越南盾）工作的 92 名受访者的数据，这些受访者担任越南证券公司管理层（董事、董事助理、财务总监、总会计师）和从事财务和会计业务的员工（财务和会计人员）等职位。抽样调查从 2023 年 9 月至 2023 年 12 月有选择地进行。在定量研究中，使用 SPSS 20 和 AMOS 20 软件，采用了偏最小二乘法结构方程模型（PLS-SEM）方法。结果表明，财务分析方法（MAF）和财务分析内容（变量 FAC）对小型证券公司的财务分析活动有积极影响。提高证券公司经营成果的建议包括：(i) 在财务分析中采用 EVA 技术；(ii) 提高财务报告分析的管理能力；(iii) 提高会计和财务人员的技能；(iv) 应用和执行职业道德原则。

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来源期刊

International Journal of Economics and Financial Issues

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期刊介绍： International Journal of Economics and Financial Issues (IJEFI) is the international academic journal, and is a double-blind, peer-reviewed academic journal publishing high quality conceptual and measure development articles in the areas of economics, finance and related disciplines. The journal has a worldwide audience. The journal''s goal is to stimulate the development of economics, finance and related disciplines theory worldwide by publishing interesting articles in a highly readable format. The journal is published Bimonthly (6 issues per year) and covers a wide variety of topics including (but not limited to): Macroeconomcis International Economics Econometrics Business Economics Growth and Development Regional Economics Tourism Economics International Trade Finance International Finance Macroeconomic Aspects of Finance General Financial Markets Financial Institutions Behavioral Finance Public Finance Asset Pricing Financial Management Options and Futures Taxation, Subsidies and Revenue Corporate Finance and Governance Money and Banking Markets and Institutions of Emerging Markets Public Economics and Public Policy Financial Economics Applied Financial Econometrics Financial Risk Analysis Risk Management Portfolio Management Financial Econometrics.