Abstract
This research paper aims to figure out how much increase or decrease in the market risk of Vietnam wholesale and retail firms during the post-low inflation period 2015 – 2017. First, by using quantitative combined with comparative data analysis method, we find out the risk level measured by equity beta mean in the wholesale and retail industry is acceptable, i.e. it is a little lower than one.Then, one of its major findings is the comparison between risk level of wholesale and retail industry during the financial crisis 2007 – 2009 compared to those in the post-low inflation time 2015-2017. In fact, the research findings show us market risk fluctuation, measured by equity and asset beta var, during the post-low inflation time has increased considerably. Finally, this paper provides some ideas that could provide companies and government more evidence in establishing their policies in governance. This is the complex task but the research results shows us warning that the market risk volatility might be higher during the post-low inflation period 2015 – 2017. And our conclusion part will recommend some policies and plans to deal with it. For instance, the government and relevant bodies such as Ministry of Finance and State Bank of Vietnam need to consider proper policies (including a combination of fiscal, monetary, exchange rate and price control policies) aiming to reduce the risk volatility and hence, help the wholesale and retail system as well as the whole economy become more stable in next development stage.
Keywords: Risk management, asset beta, financial crisis, wholesale and retail industry, policy
JEL classification numbers: G00, G390, C83
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Ban biên tập Tạp chí Kinh tế & Quản trị Kinh doanh
Phòng 514, Nhà điều hành, trường Đại học Kinh tế & Quản trị Kinh doanh
Địa chỉ: Phường Tân Thịnh, thành phố Thái Nguyên
Email: tapchikt-qtkd@tueba.edu.vn; Điện thoại: 0208.3903373
