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Factors impact on the effectiveness of internal control systems in credit facilities in Binh Thuan province commercial banks

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  • Nguyen Kim Phuoc

    (Ho Chi Minh City Open University, Vietnam)

  • Vo Thi Que Ngoc

    (Ho Chi Minh City Open University, Vietnam)

Abstract

The study aims to confirm and measure factors that affect the effectiveness of internal control systems in credit facilities in Binh Thuan province commercial banks. This research used the framework by COSO 2013 and results of expert interviews to offer research models and scales. It was carried out for collecting data from 300 managers and employees of 10 commercial banks (30 people/bank) in Binh Thuan province in 2020. The study used a 5-level likert scale and used SPSS 22.0 software for analysis. The results of multivariate regression analysis (OLS) show that all factors: Risk assessment, Risk management, Control environment, Control procedure, Control activities, Credit control, Control capacity , Information, Communicates internally, Communicates externally have an impact on the effectiveness of internal control systems in credit facilities of commercial Banks in Binh Thuan province.

Suggested Citation

  • Nguyen Kim Phuoc & Vo Thi Que Ngoc, 2020. "Factors impact on the effectiveness of internal control systems in credit facilities in Binh Thuan province commercial banks," HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY, vol. 10(2), pages 94-111.
    • Handle: RePEc:bjw:econen:v:10:y:2020:i:2:p:94-111
    DOI: 10.46223/HCMCOUJS.econ.en.10.2.582.2020
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    References listed on IDEAS

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    1. Mahdi Salehi & Mahmoud Mousavi Shiri & Fatemeh Ehsanpour, 2013. "Effectiveness of Internal Control in the Banking Sector: Evidence from Bank Mellat, Iran," The IUP Journal of Bank Management, IUP Publications, vol. 0(1), pages 23-34, February.
    2. Kehinde Adekunle Adetiloye & Felicia Omowunmi Olokoyo & Joseph Niyan Taiwo, 2016. "Fraud Prevention and Internal Control in the Nigerian Banking System," International Journal of Economics and Financial Issues, Econjournals, vol. 6(3), pages 1172-1179.
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