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The stock market is a medium and long-term capital channel for the economy. The stock market only operates effectively when market participants operate effectively. As a core subject, the activities of securities companies have a great influence on the stable and sustainable development of the stock market, as well as on the existence and development of the securities companies themselves. Up to now, research on theoretical and empirical frameworks to clarify the relationship between satisfaction and engagement with performance in securities companies is still limited, especially research on securities companies on the stock market have the goal of upgrading the market from frontier to emerging market like Vietnam. This study proposes solutions to help top managers in Vietnamese securities companies enhance satisfaction, engagement, and organizational effectiveness. The research model was developed based on data collected from 1,250 survey responses from securities companies. By employing quantitative research using partial least squares structural equation modeling (PLS-SEM) in SPSS 20 and SPSS Amos 20 software, the results identified four factors influencing the satisfaction, engagement, and effectiveness of Vietnamese securities companies: 1) reliable and ethically driven top-level management; 2) appropriate job assignments, positions, and core technology systems supporting work; 3) employees' income significantly affects the company's effectiveness. Based on the research findings, this paper provides recommendations for securities companies in constructing management policies. [ABSTRACT FROM AUTHOR]

Growth not compatible with the financial capacity of the business, uncontrolled growth, imbalance of resources, dependence on external funding, and financial risks may occur. That is the current situation of some securities companies, in the context of a volatile world economic context. Meanwhile, theoretical and empirical research on this special type of enterprise on the relationship between financial capacity and sustainable development is still limited, especially in countries with marginal stock markets, which are making emerging transformation efforts. The goal of the article is to clarify whether or not financial capacity has an impact on the sustainable development of securities companies. Data was collected by the authors from 78 securities companies, with 591 observations in the period from 2013 to 2022 operating on the Vietnam Stock Exchange. By using linear regression methods (OLS, FEM, REM, GLS regression models), the article has identified seven factors affecting the sustainable development of securities companies, those factors are 1) scale of total assets of securities companies; 2) self-financing coefficient; 3) financial leverage (debt ratio); 4) profitability of equity; 5) profitability of assets; 6) retained profits, and 7) financial safety ratio. With the experimental results obtained, the authors propose a number of solutions aimed at sustainable development for securities companies such as increasing equity capital, promoting debt capital mobilization, restructuring capital sources, and providing strengthened risk management capacity. [ABSTRACT FROM AUTHOR]