Where Is Credit Due? Legal Institutions, Connections, and the Efficiency of Bank Lending in Vietnam

Malesky, Edmund J.; Taussig, Markus

doi:10.1093/jleo/ewn011

Cited by 114 publications

(94 citation statements)

References 30 publications

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“…This history and the continued lack of transparency and consistency of government policy and policy implementation still have an impact even today on entrepreneurs' attitudes toward more open approaches to doing business. This is reflected, for example, in the continued value placed on political connections as business resources-even in the face of evidence that connected entrepreneurs do not actually perform any better than their less connected counterparts (Malesky and Taussig 2008).…”

Section: The Case Of Vietnammentioning

confidence: 99%

“…Finally, Model 10 reruns Model 9, replacing the dependent variable with a firm's self-assessment of whether it began as a household enterprise. (Malesky and Taussig 2008). Second, in some industries, state employment was, in the recent past, still the best place to accumulate relevant experience for starting a growth-oriented business.…”

Section: Analysis Of Initial Start-up Decisionmentioning

confidence: 99%

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Out of the Gray: The Impact of Provincial Institutions on Business Formalization in Vietnam

Malesky¹,

Taussig²

2009

Journal of East Asian Studies

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Scholars have long argued that institutional context significantly influences business strategy and economic performance. Research on the relationship between institutions and business strategy, however, has overwhelmingly focused on the decisions of larger, established corporations, mostly neglecting the strategic thinking of smaller, more entrepreneurial ventures. This article seeks to correct this bias by focusing the analysis directly on the critical decision of small-scale entrepreneurs to move from the informal and largely unregulated sector into operation as formal companies. Using a unique dataset and ranking of provincial governance institutions from Vietnam, the authors show that improvements in institutions make firms more likely to choose the formal sector from the start and, for those who do not, to spend less time in the informal sector. The study also finds that property rights have a more salient impact on formalization than other types of institutions.

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Section: The Case Of Vietnammentioning

confidence: 99%

Section: Analysis Of Initial Start-up Decisionmentioning

confidence: 99%

Out of the Gray: The Impact of Provincial Institutions on Business Formalization in Vietnam

Malesky¹,

Taussig²

2009

Journal of East Asian Studies

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“…State-owned banks do not release their lending portfolios, but it is commonly estimated that 70% of their loans go to SOEs (Malesky and Taussig 2009). Because we cannot access state-owned bank balance sheets, we rely on firm-level data from the GSO Enterprise Census over the research period.…”

mentioning

confidence: 99%

The Impact of Recentralization on Public Services: A Difference-in-Differences Analysis of the Abolition of Elected Councils in Vietnam

2014

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“…Vinashin, and Vinalines, Vietnam Electricity Group (EVN), Vietnam National Coal and Mineral Industries Group (Vinacomin). In Vietnam, when the rule of law does not catch up with the expansion of the financial sector, political connections are used to channel loans toward unprofitable sector, hindering impact of finance on investment growth (Malesky and Taussig, 2009) (Wilson 2013). The CPV and the government have tried to preserve political stability through domestic policies (despite the successes and failures) and seeking foreign supports via foreign relations.…”

Section: Globalization and Attitudes Toward Global Geopolitics And Gementioning

confidence: 99%

Vietnam's Political Economy: A Discussion on the 1986-2016 Period

Vuong

2014

SSRN Journal

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Being a member of the thriving ASEAN and successfully implementing economic renovation (Doi Moi) have drawn the world's attention on Vietnam around the turn of the millennium. Some even expected a much faster pace of transformation, and renewed economic, AND political, reforms in Vietnam, or Doi Moi II. However, in the recent transition turmoil the Vietnamese economy has experienced some significant setback, and the solution for getting the country out of the downward spiral of low productivity, waning purchasing power and increasing costs of doing business cannot be worked out without addressing those political economy issues that have shaped the modus operandi of the nation's economic system. This article discusses the post-Doi Moi political economy in Vietnam, from 1986Vietnam, from to 2016 However, in the recent transition turmoil the Vietnamese economy has experienced some significant setback, and the solution for getting the country out of the downward spiral of low productivity, waning purchasing power and increasing costs of doing business cannot be worked out without addressing those political economy issues that have shaped the modus operandi of the nation's economic system. This article discusses the post-Doi Moi political economy in Vietnam, from 1986 to 2016 -when the 12 th Congress of the Communist Party of Vietnam takes place -and prospects of reviving reform momentum in subsequent years.

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Where Is Credit Due? Legal Institutions, Connections, and the Efficiency of Bank Lending in Vietnam

Cited by 114 publications

References 30 publications

Out of the Gray: The Impact of Provincial Institutions on Business Formalization in Vietnam

Out of the Gray: The Impact of Provincial Institutions on Business Formalization in Vietnam

The Impact of Recentralization on Public Services: A Difference-in-Differences Analysis of the Abolition of Elected Councils in Vietnam

Vietnam's Political Economy: A Discussion on the 1986-2016 Period

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