IDEAS home Printed from https://ideas.repec.org/a/mes/emfitr/v57y2021i10p2852-2869.html
   My bibliography  Save this article

Formality and Financing Patterns of Small and Medium-Sized Enterprises in Vietnam

Author

Listed:
  • Lan Thanh Archer

Abstract

This study aims to examine the association between formality and financing patterns of small and medium-sized enterprises (SMEs) in an emerging country, using data from the Vietnam SME Survey in the period 2007–2013. A two-stage econometric approach is adopted to address endogeneity that mainly arises from the causal relationship between formality and financing accessibility. Empirical results show that formality does matter for financing patterns of SMEs: formality significantly increases the use of informal debt, equity funding, and retained earnings––but decreases the access to formal credit though the coefficient remains insignificant. Policy implications are discussed.

Suggested Citation

  • Lan Thanh Archer, 2021. "Formality and Financing Patterns of Small and Medium-Sized Enterprises in Vietnam," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 57(10), pages 2852-2869, August.
    • Handle: RePEc:mes:emfitr:v:57:y:2021:i:10:p:2852-2869
    DOI: 10.1080/1540496X.2019.1658576
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1540496X.2019.1658576
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1540496X.2019.1658576?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:emfitr:v:57:y:2021:i:10:p:2852-2869. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MREE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.