IDEAS home Printed from https://ideas.repec.org/a/asi/aeafrj/v15y2025i4p608-629id5381.html
   My bibliography  Save this article

Online press and banking performance in a controlled media landscape: Evidence from Vietnam

Author

Listed:
  • Thi Lan Nhi Phung
  • Chi Dat Le

Abstract

This study examines the impact of digital press coverage on the performance of Vietnamese banks by extending asymmetric information and signaling theories within a controlled media landscape. Using Scrapy to crawl 35 online outlets (2013–2023), we extracted 181,430 articles mentioning 30 Vietnamese banks. We analyzed these articles using sentiment analysis and the VADER dictionary to construct metrics for media coverage and tone. We employed the Fractional Logit model to regress bank efficiency (measured by DEA) on bank coverage and media tone variables. The findings indicate that increased bank visibility in newspapers improves efficiency, as media coverage reduces information asymmetry and enhances transparency. Additionally, bad news, particularly negative coverage from state-owned media and non-financial newspapers, negatively influences banks' performance compared to positive information. These results remain robust after controlling for endogeneity. Given the significant influence of state-owned media in Vietnam, this study offers practical implications for policymakers to utilize state-owned media as a tool to improve bank efficiency and maintain financial stability. Local newspapers, being more accessible to the general public, can also be leveraged by banks to disseminate information and provide transparency about their financial situation, helping to increase public trust and mitigate negative coverage.

Suggested Citation

  • Thi Lan Nhi Phung & Chi Dat Le, 2025. "Online press and banking performance in a controlled media landscape: Evidence from Vietnam," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 15(4), pages 608-629.
  • Handle: RePEc:asi:aeafrj:v:15:y:2025:i:4:p:608-629:id:5381
    as

    Download full text from publisher

    File URL: https://archive.aessweb.com/index.php/5002/article/view/5381/8248
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:asi:aeafrj:v:15:y:2025:i:4:p:608-629:id:5381. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Robert Allen (email available below). General contact details of provider: https://archive.aessweb.com/index.php/5002/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.