Abstract
The research focuses deeply on and evaluates the factors affecting financial management of educational managers training and fostering institutions in Ho Chi Minh City, Vietnam. This is a very specific model for countries in transition economies as in Vietnam, a country is in the process of comprehensive renovation, restructuring public service delivery institutions, increasing the assignment of self-responsibility to institutions, reducing financial pressure on the State budget. Using qualitative and quantitative research methods together with techniques, i.e., testing reliability scales with Cronbach's alpha coefficients, exploratory factor analysis EFA, CFA and linear model SEM, the study investigated 500 samples in 07 educational institutions in Ho Chi Minh City, Vietnam. The findings revealed six (06) factors, which are internal control system, technology infrastructure, top managers’ commitment, cash management and budget system, organizational responsibility, affected the financial reporting system, and meanwhile, the financial reporting system has a positive impact on the financial management. Based on this result, the study has proposed implications for improving financial management in educational managers training and fostering institutions in Ho Chi Minh City, Vietnam.
Highlights
Financial management is one of the essential contents in improving management efficiency in a unit in the public sector (Chado, 2015)
In a specific view of quantitative research works on this issue, there are hardly any studies related to financial management of public professional career institutions in Ho Chi Minh City
For Vietnam, the report conducted by the Ministry of Finance of Vietnam (2017) revealed an assessment of the financial management in public public professional career institutions in Vietnam, it is said that the Financial Reporting System has a great influence on the financial management and the system is affected by factors such as: internal control system, technological infrastructure, top management commitment, cash management and system budget system, organizational responsibility
Summary
Financial management is one of the essential contents in improving management efficiency in a unit in the public sector (Chado, 2015). The main task of these educational manager training institutions is to train and foster managerial cadres and public servants and professional core for educational authorities and educational institutions. This is a specific model for countries in transition economies such as Vietnam. In Vietnam, educational administrator training and fostering institutions exist in various sectors i.e., health, education, finance, etc., which are all under either ministerial control or local authorities. In a specific view of quantitative research works on this issue, there are hardly any studies related to financial management of public professional career institutions in Ho Chi Minh City
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