PurposeThe aim of this article is to investigate the determinants of the performance of small and medium-sized enterprises in emerging markets: evidence from Vietnam.Design/methodology/approachThis article relies on the resource-based view to examine the factors affecting the performance of small and medium-sized enterprises in emerging markets. The method employed in the research is the generalized method of moments for testing hypotheses of data collected from the General Statistics Office of Vietnam in the period of 2013–2016.FindingsThe results show that factors such as the intensity of capital investment, age and size of the firm, labor productivity, foreign ownership, location, cost management effectiveness and export activities have a positive effect on the performance of Vietnamese small and medium-sized enterprises, while revenue growth rate, fixed assets and financial leverage tend to hinder their performance. This has brought important messages that the input markets and the business environment in emerging markets like Vietnam have not yet stimulated well-economic activities.Originality/valueThis study sheds light on a topic that has not been fully explored in small and medium-sized enterprises in emerging markets in general, and Vietnam in particular. Specifically, small and medium-sized enterprises in emerging markets reconfigure available resources and strengthen internal capabilities to overcome barriers of the shortages of strategic, rare and irreplaceable resources in order to improve their performance. This is a unique contribution to the existing literature and highlights the original value of this article.
PurposeThis article analyzes the impact of social insurance on firm performance by obtaining evidence from Vietnamese small- and medium-sized enterprises.Design/methodology/approachThe method employed in the research is the generalized method of moments for testing hypotheses of data collected from the General Statistics Office of Vietnam.FindingsThe results show that social insurance contributions can enhance firm performance in three dimensions: return on equity (ROE), labor productivity and total factor productivity (TFP). In addition, financial leverage, firm size, the average wage of workers and fixed assets have an impact on the social insurance costs of these companies.Originality/valueThis article provides a novel explanation of the contribution of social insurance to firm performance. In particular, social insurance contribution not only increases labor productivity but also boosts the growth of the TFP of companies. In addition, the article points out that taking care of the benefits of employees is a valuable investment of companies. These are the unique contributions of the paper to the literature on the economic impact of social insurance.
The impact of national institutions on the economy has attracted research attention for decades. However, research on the influence of subnational institutions at the firm level is modest. This paper examines the spatial effects of institutional quality on firm performance using evidence from Vietnam. The model employed in the research is the Spatial Durbin Model (SDM), which is used to test hypotheses on data collected from enterprise surveys in the provinces of Vietnam over the period 2011-18. The research results show that the institutional quality of a locality has a direct impact on firm performance in that locality and indirectly affects firms in adjacent localities. At the same time, enterprises in different localities not only interact spatially with each but also tend to cooperate and compete. The results also show that the control of corruption positively affects the profits of enterprises; and informal charges negatively influence firms' total factor productivity in Vietnam. These findings imply that improving the quality of subnational institutions in emerging countries such as Vietnam promotes the growth of enterprises.
Along with the development of collaboration technology, virtual teams have been increasingly used in organizations. Using collaboration technology is the most important characteristic of virtual team. This paper bases on the expectation - confirmation theory and related studies to propose a model which describes the effects of the intention to continuatively use collaboration technology in virtual team, the satisfaction with using collaboration technology in virtual team and the habit of using collaboration technology in virtual team on the behavior of using collaboration technology in virtual team, and the effect of this behavior on the job performance in virtual team. The result of testing model on 609 virtual team members from companies in Vietnam show that the satisfaction with using collaboration technology in virtual team and the habit of using collaboration technology in virtual team have both directly and indirectly positive effects on the behavior of using collaboration technology in virtual team through the intention to continuatively use collaboration technology in virtual team. The behavior of using collaboration technology in virtual team has a positive effect on the job performance in virtual team. The model explains 30.5% of the variance of the job performance in virtual team, thereby showing a significant role of using collaboration technology on individual virtual team effectiveness.
The determinants of foreign direct investment (FDI) always attract the attention of researchers and policymakers. However, the spatial spillovers of FDI have not been given due attention. This study analyses the dynamic spatial effects of determinants of FDI in emerging markets: a case of the southern key economic region of Vietnam. The model employed in the research is the Dynamic Spatial Durbin Model for testing hypotheses of data collected from the General Statistics Office of Vietnam in the period of 2005–2016. The results show that there is a spatial interaction in FDI attraction to the above‐mentioned region. At the same time, factors such as market size, trade openness, population growth, agglomeration and institutional quality affect FDI inflows in the short and long term. In particular, the population growth of a locality reduces FDI inflows of that locality and neighbouring localities. Enterprise agglomeration of a province increases the FDI inflows of that province and reduces FDI inflows in adjacent provinces. This paper's findings highlight the determinants of FDI and spatial spillovers of FDI in emerging markets. In addition, previous models have not fully identified the spatial effects of FDI in the short and long term, which may skew policy decisions. Therefore, the article contributes to redefining the key factors to attract FDI inflows into emerging markets like Vietnam.
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