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Institutional environment, human capital, and firm growth: Evidence from Vietnam

Listed author(s):
  • Thomas Gries

    ()

    (University of Paderborn)

  • Ha van Dung

    ()

    (University of Paderborn)

In this paper, we investigate the impacts of the institutional environment and the entrepreneur’s education on firm growth in Vietnam. Using a firm-level dataset, we obtain a balanced panel data from 2006 to 2009 for 37,788 registered enterprises from a unique data set. We analyze the effects of the institutional factors on the growth of firms using the system GMM analysis. We find that in accordance to recent theoretical literature, higher level of institutional factors such as business support service, land access, time costs, and informal charges will promote firm growth in both employment and capital. Furthermore the impacts of institutional factors are more significant in capital growth of firms. In addition to the insight, we look at the impacts of entrepreneur’s education on firm growth. We use the fixed effects estimation method and obtain the results supporting the hypothesis that higher level of entrepreneur’s education will associate with a higher growth of firms.

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File URL: http://groups.uni-paderborn.de/wp-wiwi/RePEc/pdf/ciepap/WP83.pdf
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Paper provided by Paderborn University, CIE Center for International Economics in its series Working Papers CIE with number 83.

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Length: 45 pages
Date of creation: Jun 2014
Handle: RePEc:pdn:ciepap:83
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  14. Honorati, Maddalena & Mengistae, Taye, 2007. "Corruption, the business environment, and small business growth in India," Policy Research Working Paper Series 4338, The World Bank.
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  16. Joan-Lluis Capelleras & Durim Hoxha, 2010. "Start-up size and subsequent firm growth in Kosova: the role of entrepreneurial and institutional factors," Post-Communist Economies, Taylor & Francis Journals, vol. 22(3), pages 411-426.
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