The relative importance of regional institutions and external finance for small business investment: evidence from Vietnam

Nguyen, Bach

doi:10.1017/s174413742000017x

Cited by 5 publications

(5 citation statements)

References 71 publications

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“…Hoover and Fisher, 1949; North, 1955; Ohlin, 1935). And it has become particularly relevant for the study of present-day emerging economies (Arora and Anand, 2021, for India; Nguyen, 2020, on Vietnam). For our case, at the beginning of the observational period (1911) results obtained from the measurement developed by Sun and Ng (2000) show small differences in the structures of economic activity between North and South Korea.…”

Section: Controversies Of the Japanese Legacymentioning

confidence: 99%

Divergence before the division: the colonial origins of separate development paths in Korea

Andersson

Jerez

Miladinovic

2023

Journal of Institutional Economics

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This study revisits the question of what impact Japanese colonialism had on the long-term economic development of North and South Korea. Factor endowments, economic activity and economic performance are compared between the regions that later became parts of North and South Korea, respectively. The study finds that important elements of the economic history of the peninsula have not been sufficiently acknowledged in much of the influential literature that uses Korea as an illustration of theoretical claims of the root causes of development. In particular, the fact that the economic divergence of northern and southern regions could be traced back to different colonial treatments – especially after mid-1920s – has often been overlooked when analysing the divergent post-partition development trajectories. The study suggests, based on a sectoral similarities analysis, that the initial dissimilar economic performance of North and South can at least partially be found in differences in political economy and economic trajectories preceding the partition.

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Section: Controversies Of the Japanese Legacymentioning

confidence: 99%

Divergence before the division: the colonial origins of separate development paths in Korea

Andersson

Jerez

Miladinovic

2023

Journal of Institutional Economics

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“…Therefore, it appears that the governmental and private-sector support for the sector of SMEs might be a very useful and powerful tool that can be projected into the development of the economy and the overcoming of the post-pandemic crisis (Nguyen, 2020). This support should go in two main channels: i) offering funding, loans, grants, and financial assistance to the eligible (preselected) SMEs that fulfil the desired criteria, and ii) removing the barriers and obstacles (either economic in forms of tax burdens, fines, payments, etc.…”

Section: Support Measures For Smes Sectormentioning

confidence: 99%

The role of the information and communication technologies in the institutional and economic sustainability of the post-pandemic small and medium enterprises

Коrneeva

Strielkowski

2023

Terra Econ.

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This paper focuses on the factors that determine the institutional and economic sustainability of the postpandemic small and medium enterprises (SMEs). In addition, it assesses the role of the information and communication technologies (ICTs) and digitalization in the creation and maintaining of sustainable SMEs during and after the COVID-19 crisis of 2020-2021. Our research is based on the unique sample of surveys collected in 200 Russian SMEs from seven different regions of the country between June and October 2022 and on the empirical model that employed this data. Our results allowed us to distinguish the nature of the impact of an external environment on the socio-economic stability of SMEs and to identify the institutional and economic factors that can hinder or contribute to their sustainable development in the post-pandemic period. These results can be used to build strategies for sustainable development at the regional level both in Russia and other countries. Our findings can be useful to managers and owners of small and mediumsized businesses in the process of integrating the goals of organizational and regional development, as well as for ensuring the networking of government, social organizations, and business at the regional level in the post-COVID era.

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“…SMEs' managers in a developing country like Vietnam often have to spend a significant amount of their working time to deal with government regulations and officials (Pham and Talavera, 2018). In dealing with this coercive isomorphism from regulatory requirements, one possible effect is SMEs' managers can gain more information, knowledge, experience and even social relationships with government officials that can help them to reduce informational asymmetries and uncertainty related to banks' burdensome application procedure and improve their firm performance (Nguyen, 2020;Nguyen et al, 2020a;Peng and Luo, 2000). Thus, responding to formal institutional pressures can become an effective channel through which SMEs' managers can build and improve their capability and legitimacy to better access external finance including bank loans.…”

Section: Theoretical Background and Hypothesis Developmentmentioning

confidence: 99%

Bank ties, institutional pressures, and capital structure of Vietnamese SMEs

Ngo

Nguyen

Roy

2022

IJEBR

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PurposeThis article studies the moderating effect of institutional pressures on the impact of bank ties on the capital structure of small and medium-size enterprises (SMEs).Design/methodology/approachThe study uses an unbalanced longitudinal dataset covering three years—2011, 2013 and 2015—from a project on small manufacturing enterprises in Vietnam. The sample consists of 7,680 firm-year observations.FindingsPressures from formal and informal institutions lessen the positive effect of bank ties on the capital structure of SMEs. These moderating effects are more salient in regions having lower institutional quality.Originality/valueEmpirically showing how institutional factors can be investigated together with relational factors to explain the capital structure of SMEs in a developing economy. Distinguishing between formal and informal institutional pressures and revealing their indirect effect on SMEs' capital structure through impacting the effect of bank ties.

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The relative importance of regional institutions and external finance for small business investment: evidence from Vietnam

Cited by 5 publications

References 71 publications

Divergence before the division: the colonial origins of separate development paths in Korea

Divergence before the division: the colonial origins of separate development paths in Korea

The role of the information and communication technologies in the institutional and economic sustainability of the post-pandemic small and medium enterprises

Bank ties, institutional pressures, and capital structure of Vietnamese SMEs

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