Open AccessFactors Affecting Responsibility Accounting at Joint Stock Commercial Banks in Vietnam
Author(s) -
Thi Dien Nguyen,
Le Doan Minh Duc,
Vo Hoang Ngoc Thuy,
Nguyen Hoang Tien
Publication year - 2020
Publication title -
xi'nan jiaotong daxue xuebao
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.308
H-Index - 21
ISSN - 0258-2724
DOI - 10.35741/issn.0258-2724.55.4.22
Subject(s) - accounting , business , corporate governance , joint stock company , stock (firearms) , joint (building) , management accounting , accounting information system , organizational structure , order (exchange) , finance , management , economics , engineering , mechanical engineering , architectural engineering
Modern management today requires corporations to control and evaluate governance responsibilities at each organizational level. To achieve this goal, managers must possess management tools to do it effectively. In order to improve the operational efficiency of joint stock commercial banks, it is necessary to include responsibility accounting as one of such tools. This study conducted a survey of 32 joint stock commercial banks with 304 questionnaires, using Statistical Package for the Social Sciences software for data analysis. The obtained research results indicate that factors affecting responsibility accounting in joint stock commercial banks include: (1) decentralized management, (2) organizational structure, (3) managerial awareness, (4) controlling activities, (5) qualifications of accountants, and (6) reward systems. Based on the research results, we proposed several governance implications for joint stock commercial banks, such as (1) choosing suitable organizational structure, (2) developing the Responsibility Accounting Reporting System, and (3) improving professional qualifications and management capacity.