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Factors Affecting the Efficiency of Financial Risk Management: Evidence from Electricity Enterprises in Vietnam

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Proceedings of the 4th International Conference on Research in Management and Technovation (ICRMAT 2023)

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Abstract

This study examines the factors affecting the effectiveness of financial risk management of electricity enterprises based on three criteria: risk identification, risk measurement and assessment, and risk treatment using 164 responses from people of 41 enterprises in the industry. The results of data analysis show that all three groups of factors have the same impact and are equally important to the effectiveness of financial risk management of electric power enterprises. To be specific, identifying financial risks has the greatest impact, measuring and assessing financial risks is the second, and dealing with financial risks is the last. On that basis, the author proposes solutions to improve the efficiency of financial risk management of electric power enterprises in Vietnam.

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References

  1. COSO: Enterprise Risk Management-Integrated Framework, Exposure Draft for Public Comment (2004)

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  2. ISO 31000:2009: Risk Management Principles and Guidelines. International Organization for Standardization, Standards Association of Australia, Sydney (2009)

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  3. Vu, M.: Financial risk management in Vietnamese enterprises today. VNU Sci. J. Econ. Bus. 29(03), 53–60 (2013)

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  4. Trinh, T.P.L.: Financial Risk Management of Vietnamese Enterprises. PhD thesis (2016)

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Author information

Authors and Affiliations

  1. Faculty of Economics, Academy of Finance, Ha Noi, Vietnam

    Thi Hang Nga Vu

Authors
  1. Thi Hang Nga Vu
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Corresponding author

Correspondence to Thi Hang Nga Vu .

Editor information

Editors and Affiliations

  1. Centre for Post-Graduate Studies, Hanoi University of Industry, Hanoi, Vietnam

    Thi Hong Nga Nguyen

  2. Gillings School of Global Public Health, University of North Carolina at Chapel, Chapel HIll, NC, USA

    Darrell Norman Burrell

  3. Department of Computer Science and Engineering, CMR Institute of Technology, Hyderabad, Telangana, India

    Vijender Kumar Solanki

  4. Accounting and Auditing Faculty, Academy of Finance, Hanoi, Vietnam

    Ngoc Anh Mai

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© 2024 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.

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Vu, T.H.N. (2024). Factors Affecting the Efficiency of Financial Risk Management: Evidence from Electricity Enterprises in Vietnam. In: Nguyen, T.H.N., Burrell, D.N., Solanki, V.K., Mai, N.A. (eds) Proceedings of the 4th International Conference on Research in Management and Technovation. ICRMAT 2023. Springer, Singapore. https://doi.org/10.1007/978-981-99-8472-5_39

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