Local governance and business performance in Vietnam: the transaction costs’ perspective

Bach Nguyen, Tomasz Mickiewicz*, Jun Du

*Corresponding author for this work

Research output: Contribution to journalArticle

Abstract

Local governance and business performance in Vietnam: the transaction costs’ perspective. Regional Studies. This paper adopts a transaction costs’ perspective to explain why the growth of small and medium-sized enterprises (SMEs) may vary across regions of an emerging economy. Furthermore, it is argued that young and small firms gain more from the improvement of local governance than do old and large firms. In addition, depending on the institutional history, SMEs will respond differently to the incentives provided by local governance. Analysing more than 300,000 SMEs in Vietnam during 2006–12, it is shown that higher-quality local governance positively influences local SME revenue growth; this effect is stronger for young and small firms, and matters more where institutional history suggests there is less support for entrepreneurship.
Original languageEnglish
Pages (from-to)542-557
JournalRegional studies
Volume52
Issue number4
Early online date27 Jul 2017
DOIs
Publication statusPublished - 3 Apr 2018

Fingerprint

small and medium-sized enterprise
transaction cost
transaction costs
Vietnam
governance
firm
performance
history
entrepreneurship
incentive
revenue
geography
economy
young

Bibliographical note

This is an Accepted Manuscript of an article published by Taylor & Francis in Regional Studies on 27/7/17, available online: http://www.tandfonline.com/10.1080/00343404.2017.1341625

Keywords

  • entrepreneurship
  • governance
  • institutions
  • local government
  • transaction costs
  • Vietnam

Cite this

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title = "Local governance and business performance in Vietnam: the transaction costs’ perspective",
abstract = "Local governance and business performance in Vietnam: the transaction costs’ perspective. Regional Studies. This paper adopts a transaction costs’ perspective to explain why the growth of small and medium-sized enterprises (SMEs) may vary across regions of an emerging economy. Furthermore, it is argued that young and small firms gain more from the improvement of local governance than do old and large firms. In addition, depending on the institutional history, SMEs will respond differently to the incentives provided by local governance. Analysing more than 300,000 SMEs in Vietnam during 2006–12, it is shown that higher-quality local governance positively influences local SME revenue growth; this effect is stronger for young and small firms, and matters more where institutional history suggests there is less support for entrepreneurship.",
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Local governance and business performance in Vietnam : the transaction costs’ perspective. / Nguyen, Bach; Mickiewicz, Tomasz ; Du, Jun.

In: Regional studies, Vol. 52, No. 4, 03.04.2018, p. 542-557 .

Research output: Contribution to journalArticle

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T1 - Local governance and business performance in Vietnam

T2 - the transaction costs’ perspective

AU - Nguyen, Bach

AU - Mickiewicz, Tomasz

AU - Du, Jun

N1 - This is an Accepted Manuscript of an article published by Taylor & Francis in Regional Studies on 27/7/17, available online: http://www.tandfonline.com/10.1080/00343404.2017.1341625

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AB - Local governance and business performance in Vietnam: the transaction costs’ perspective. Regional Studies. This paper adopts a transaction costs’ perspective to explain why the growth of small and medium-sized enterprises (SMEs) may vary across regions of an emerging economy. Furthermore, it is argued that young and small firms gain more from the improvement of local governance than do old and large firms. In addition, depending on the institutional history, SMEs will respond differently to the incentives provided by local governance. Analysing more than 300,000 SMEs in Vietnam during 2006–12, it is shown that higher-quality local governance positively influences local SME revenue growth; this effect is stronger for young and small firms, and matters more where institutional history suggests there is less support for entrepreneurship.

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