Rent-Seekers’ Lost El Dorado: Vietnam's Financial Turmoil, 2007-2013

Abstract

Abstract: In this investigation, we examined 256 cases of financial failure and fraud in Vietnam's chaotic years from 2007 to 2013. Categorical data analyses suggest that the rent- seeking approach, or resource-based orientation, alone does not help explain the outcome of a business intention while the association between Orientation and Approach is the best- fit predictor. Rampant financial collapse not only increases the cost of funds but also erodes trust in the economy. Entrepreneurship development and creativity capacity building, in ...