How to improve financial performance of tourism and travel enterprises: The case of Vietnam

The objective of this paper is to study how to improve the financial performance of Vietnamese tourism and travel enterprises through audit tools. The study was conducted on 228 tourism and travel enterprises in Vietnam over a period of 1 year. The results show that quality of audit could improve th...

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Bibliographic Details
Published inAccounting (North Vancouver) Vol. 6; no. 3; pp. 335 - 344
Main Authors Pham, Thi Lua, Phan, Thi Thu Hien
Format Journal Article
LanguageEnglish
Published Growing Science 2020
Subjects
audit quality
financial performance
tourism and travel enterprises
vietnam
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Summary:The objective of this paper is to study how to improve the financial performance of Vietnamese tourism and travel enterprises through audit tools. The study was conducted on 228 tourism and travel enterprises in Vietnam over a period of 1 year. The results show that quality of audit could improve the financial performance of tourism and travel enterprises in Vietnam. This relationship, however, was not a full mediate relationship, but audit quality still had a strong impact on capital access, customer loyalty, employee satisfaction and corporate reputation. Nevertheless, the two mediate factors that access capital and employee satisfaction did not have any statistically significant impact on financial performance.
ISSN:2369-7393
2369-7407
DOI:10.5267/j.ac.2020.2.001