Government Support and Firm Performance in Vietnam

Hoai Thu Thi Nguyen, Huong Van Vu, Francesca Bartolacci and Tuyen Tran

MPRA Paper from University Library of Munich, Germany

Abstract: Using a sample of private manufacturing SMEs (small and medium-sized enterprises) in the period 2007-15, we analyze the effect of government support on firms’ financial performance in Vietnam. Contrary to many previous studies, we find that government support affects firms’ financial performance after controlling for heterogeneity, unobservable factors and dynamic endogeneity. The finding supports the viewpoint of institutional theory. Also, the study 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.

Keywords: Government support; innovation; firm financial performance; SMEs; Vietnam (search for similar items in EconPapers)
JEL-codes: H7 H71 M2 M21 O3 (search for similar items in EconPapers)
Date: 2018-08-04, Revised 2018-11-12
New Economics Papers: this item is included in nep-cfn, nep-eff, nep-ent, nep-sbm, nep-sea and nep-tra
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Citations: View citations in EconPapers (1)

Published in Asian Academy of Management Jourrnal 23.2(2018): pp. 101-123

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:93599

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