https://archive.conscientiabeam.com/index.php/29 Conscientia Beam en-US The Economics and Finance Letters 2312-6310 https://archive.conscientiabeam.com/index.php/29/article/view/4715 <p>This research examines the salient drivers of the adoption of peer-to-peer (P2P) lending in Vietnam, a fast-growing country with expanding digitalized finance activities. This research is grounded in theories of trust, perceived risks, regulation, economic behaviors, and technological innovation. From these theoretical foundations, five key drivers are derived: trust, perceived risk, regulatory framework, economic status, and usefulness of technology. A quantitative method was used, based on 285 respondents from Hanoi and Ho Chi Minh City, with the analysis employing multiple linear regression to investigate the effect of independent variables on the adoption of P2P lending. The findings demonstrate that all five drivers have a significant effect on the usage of P2P lending, with perceived risk and trust having the greatest impact. The research calls for the reinforcement of user trust by enhancing transparency of the platforms and secure operation, reducing perceived risks, and issuing clearer regulation policies. Economic stability and user-friendly technology are key facilitators for widespread adoption. The research contributes to the expanding FinTech literature in emerging economies and provides actionable recommendations for policymakers, platform developers, and financial institutions to support the sustainable growth of P2P lending within Vietnam.</p> Le Trung Hieu Tram Thi Xuan Huong Nguyen Hong Ha Copyright (c) 2026 2026-01-16 2026-01-16 13 1 1 10 10.18488/29.v13i1.4715 https://archive.conscientiabeam.com/index.php/29/article/view/4716 <p>This research aims to evaluate the role of investment instruments in fostering capital market growth in Nigeria. It employs time series data covering the period from 1991 to 2023. The investment assets include equity, government bonds, and corporate bonds, while corporate tax is considered a moderating factor. The Vector Error Correction Model is employed for data analysis in this study. The results indicate that, in the long run, corporate bonds lead to a 6.4% increase in capital market expansion, while other predictors tend to suppress it. All things being equal, government bonds, equity, and corporate tax substantially decrease capital market growth in the long term by 4.7%, 51.4%, and 65.5%, respectively. There is a 69.1% convergence to equilibrium in the current period, meaning the previous years’ deviation from long-run asymmetry is corrected at an adjustment speed of 69.1% in the short run. A percentage change in corporate tax is associated with a 1.1% increase in capital market growth in the short term. Additionally, a percentage change in equity, government bonds, and corporate bonds in the short run decreases capital market growth by 80.9%, 10.5%, and 5.8%, respectively. Further tests show that market capitalization responds negatively to shocks from corporate bonds and equities across nearly all periods, while it reacts positively to government bonds and corporate tax. Thus, the study proposes a limit on the issuance of government bonds to foster private sector access to funds, which are essential for supporting capital market growth and performance in the country.</p> Cordelia Onyinyechi Omodero Copyright (c) 2026 2026-01-16 2026-01-16 13 1 11 28 10.18488/29.v13i1.4716