Title: Exchange rate stability and new entrepreneurs: empirical evidence in Vietnam

Authors: Linh Duy Bui; Chang Won Lee; Huu Phuoc Le; Duy Duong; Ngoc Quang Anh Huynh

Addresses: Foreign Trade University, 91 Chua Lang, Lang Thuong, Dong Da, Hanoi, Vietnam ' Division of Business Administration, Business School, Hanyang University, 222 Wangsimni-ro, Seongdong-gu, Seoul 04763, South Korea ' Foreign Trade University, Ho Chi Minh City Campus, 15 D5 Street, Ward 25, Binh Thanh District, Ho Chi Minh City, Vietnam ' School of Banking, University of Economics Ho Chi Minh City, 279 Nguyen Tri Phuong Street, Ward 5, District 10, Ho Chi Minh City, Vietnam ' School of Banking, University of Economics Ho Chi Minh City, 279 Nguyen Tri Phuong Street, Ward 5, District 10, Ho Chi Minh City, Vietnam

Abstract: This paper examines the macroscopic determinants such as the asymmetries of the exchange rate and equity index of the number of newly established firms from Vietnam's perspectives. Employing a rich set of econometric techniques with weekly data from the first week of 2016 to October 2018, we attempt to shed further light on what drives the change of a number of Vietnamese companies registered and the amount of money invested in businesses. This paper serves as a foundation for future studies on the relationship between exchange rate stability and the decision to start up as well as a reference source for the decision-making process of both investors and policymakers in the context of the national entrepreneurship campaign.

Keywords: Vietnam; entrepreneurs; capital; exchange rate; stock index.

DOI: 10.1504/IJEBR.2022.125390

International Journal of Economics and Business Research, 2022 Vol.24 No.3, pp.408 - 424

Received: 10 Jan 2021
Accepted: 30 Jan 2021
Published online: 08 Sep 2022 *

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