Corruption, growth, and governance: Private vs. state-owned firms in Vietnam

Nguyễn, Thủy Thu; Dijk, Mathijs A. Van

doi:10.1016/j.jbankfin.2012.03.027

Cited by 227 publications

(148 citation statements)

References 28 publications

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“…We also find negative and mostly significant coefficients for the dummies of state-owned firms and foreign firms, implying that private firms on average experience higher growth than SOEs and foreign firms. The results are consistent with the findings in previous studies that private firms perform better than state-owned firms (Goldeng, Grünfeld, & Benito, 2008;Nguyen & van Dijk, 2012).…”

Section: Alternative Definition Of Firm Growth: Sales Growthsupporting

confidence: 92%

The Impact of Natural Disasters on Firm Growth in Vietnam: Interaction with Financial Constraints

Zhou

Botzen

2017

SSRN Journal

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The theory on the disaster impacts on firm growth is ambiguous and the empirical evidence on this topic is scarce, which hampers the design of disaster risk reduction and climate change adaptation policies. This paper estimates growth models of the impacts of natural disasters on labour, capital, and value-added growth of firms in the short run, and identifies the role of financial constraints in shaping disaster outcomes. The analysis uses a comprehensive enterprise census data (2000)(2001)(2002)(2003)(2004)(2005)(2006)(2007)(2008)(2009) and also two different types of disaster measures from Vietnam: the physical intensity measures and the socioeconomic damage measures. We apply the Blundell-Bond generalized method of moments (GMM) to estimate firm level disaster impacts, and find robust evidence that natural disasters on average increase firm growth significantly. We also find stronger positive impacts in labour and output growth for more constrained firms. We argue that this occurs because financially more constrained firms substitute labour for capital during the reconstruction phase after a disaster.

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Section: Alternative Definition Of Firm Growth: Sales Growthsupporting

confidence: 92%

The Impact of Natural Disasters on Firm Growth in Vietnam: Interaction with Financial Constraints

Zhou

Botzen

2017

SSRN Journal

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“…This causes their growth to be uneven, and it also raises the possibility of the firm's failure (Rahaman, 2011). The research work conducted by many researchers contains the age of the firm as a control variable (e.g., Reinikka & Svensonn 2002;Ayyagari, 2006;Hallward, 2006;Fishman & Svensson, 2007;Rahaman, 2011;Wang & You, 2012;Nguyen & Dijk, 2012;Seker & Yang, 2012). In this research work also, the age of the firm has been used as a control variable.…”

Section: Control Variable: Firm Agementioning

confidence: 99%

Structural Equation Model for Analyzing the Impact of Business Environment on Firm’s Growth

Essmui¹,

Berma²,

Shahadan³

et al. 2014

IJEF

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The progress of any firm and the wealth it accumulates depends upon the business environment in which the firm functions. Firms of all kinds are strongly influenced by the business environment that they experience and a good business environment ensures their prosperity. In this paper, we have conducted a survey of the manufacturing firms in three different commercial strong Libyan cities to determine the influence of the business environment on the growth of the sales of the firms located in these three Libyan cities. The Structural Equation Model (SEM) method is used in this paper and the empirical variables are calculated for the purpose of the study. These results point to a strong correlation between the growth of the firm's sales and the prevailing factors of corruption, crime, financing, infrastructure, business regulations and human capital. However, the research does not indicate any kind of relationship between the level of competition faced by the firm and its sales growth. To improve the Libyan business environment, it is necessary to frame effective policies and to enforce the Anti Corruption Law and also to finish the red-tape and bureaucratic hurdles. A legal system would have to be developed which provides sufficient finance for the businesses and a proper system of rules for the financial markets would also have to be developed.

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“…Fraud is also recognized as ''the acts in which the power of the higher position is used for personal gain in a manner that contravenes the rules of the law" (Nguyen and Dijk, 2012 Nowadays, the worst issue in the business is fraud that made many firms started restrict systems in way to stop this issue. Smith and Crumbley (2009) stated that fraud occurs when a person has accessible data sets.…”

Section: Fraudmentioning

confidence: 99%