Abstract
After the analysis of riskiness in some major industries in Viet Nam such as construction and consumer good industries, this paper aims to estimate and analyze the systemic risk on the tourism, hotel and entertainment industries in the Viet Nam economy, esp., for the listed companies, during the period 2007-2011which has been influenced by the global crisis. First, we found out in the research sample of total 22 listed firms, that there are 68% of firms with beta values lower than ( ) 1, meaning having stock returns fluctuating more than the market index. Third, among three (3) groups, the systemic risk in the hotel industry is the smallest, and that in the entertainment industry is the second smallest, shown by estimated values of equity and asset beta mean. Finally, this paper generates some analytical results that enable companies and government to have more evidence in establishing their policies in investments and in governance.
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