Local financial development and the growth of small firms in Vietnam
- verfasst von
- Viet T. Tran, Yabibal M. Walle, Helmut Herwartz, Trung Thanh Nguyen
- Abstract
This paper examines whether heterogeneities in financial development among Vietnamese provinces matter for firm growth in Vietnam. Using a nationally representative firm survey that covers more than 41,000 firms for the period 2009 − 2013, we estimate the impact of provincial financial development on the growth rates of firms by accounting for sectoral differences in growth opportunities. We find that province-level financial development promotes the growth rates of sales, investment and sales per worker of small firms, and reduces the growth rate of the wage-to-sales ratio. Our results imply that firms grow faster in provinces with a higher level of financial development. Moreover, the effect of financial development on growth rates is larger when firms operate in sectors with better growth opportunities.
- Organisationseinheit(en)
-
Institut für Umweltökonomik und Welthandel
- Externe Organisation(en)
-
Georg-August-Universität Göttingen
Vietnam National University of Forestry
German Institute of Development and Sustainability (IDOS)
- Typ
- Artikel
- Journal
- Journal of the Asia Pacific Economy
- ISSN
- 1354-7860
- Publikationsdatum
- 10.08.2022
- Publikationsstatus
- Elektronisch veröffentlicht (E-Pub)
- Peer-reviewed
- Ja
- ASJC Scopus Sachgebiete
- Geografie, Planung und Entwicklung, Entwicklung, Politikwissenschaften und internationale Beziehungen
- Ziele für nachhaltige Entwicklung
- SDG 8 – Anständige Arbeitsbedingungen und wirtschaftliches Wachstum
- Elektronische Version(en)
-
https://doi.org/10.1080/13547860.2022.2109379 (Zugang:
Geschlossen)