Using a sample of private manufacturing small- and medium-sized enterprises (SMEs) in the period 2007–2015, this paper examines the effect of government support on firms’ financial performance in Vietnam. Contrary to many previous studies, the study finds that government assistance affects firms’ financial performance after controlling for heterogeneity, unobservable factors, and dynamic endogeneity. The finding supports the viewpoint of institutional theory. The study also reveals that assistance measures, such as tax exemptions, soft loans, and investment incentives to promote financial performance, are vital for the development of Vietnamese private SMEs.

The impact of government support on firm performance in Vietnam. New evidence from a dynamic approach

Francesca Bartolacci;Huong Vu Van;
2018-01-01

Abstract

Using a sample of private manufacturing small- and medium-sized enterprises (SMEs) in the period 2007–2015, this paper examines the effect of government support on firms’ financial performance in Vietnam. Contrary to many previous studies, the study finds that government assistance affects firms’ financial performance after controlling for heterogeneity, unobservable factors, and dynamic endogeneity. The finding supports the viewpoint of institutional theory. The study also reveals that assistance measures, such as tax exemptions, soft loans, and investment incentives to promote financial performance, are vital for the development of Vietnamese private SMEs.
2018
Asian Academy of Management & Penerbit Universiti Sains Malaysia
Internazionale
http://web.usm.my/aamj/23-2-2018.html
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11393/248140
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