Certification and Business Risk
Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review
Documents
- Certification_and_Business_Risk
Final published version, 268 KB, PDF document
This chapter investigates the scope for international private standards to play a role in reducing business risk among the small and medium enterprises in Vietnam. Business risk is measured as variability in revenue, variability in customer base, practice of making informal payments, and temporary firm closure. The results show lower levels of business risk among certified firms, especially for firms in the middle deciles of the risk distribution. This finding is robust to the use of different business risk measures. Certification also correlates negatively with risk for technologically advanced firms, as well as firms located in rural areas and northern provinces of Vietnam. The results suggest that firms could find protection from business downsides by investing in internationally recognized quality management tools.
Original language | English |
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Title of host publication | Micro, Small and Medium Enterprises in Vietnam |
Editors | John Rand, Finn Tarp |
Publisher | Oxford University Press |
Publication date | 2020 |
Pages | 185-207 |
Chapter | 9 |
ISBN (Print) | 9780198851189 |
DOIs | |
Publication status | Published - 2020 |
Series | WIDER Studies in Development Economics |
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- Faculty of Social Sciences - Vietnam, business risk, small and medium enterprises, technologically advanced, rural
Research areas
Links
- http://fdslive.oup.com/www.oup.com/academic/pdf/openaccess/9780198851189.pdf
Final published version
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