Drivers of productivity in Vietnamese SMEs: The role of management standards and innovation
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Drivers of productivity in Vietnamese SMEs : The role of management standards and innovation. / Calza, Elisa; Goedhuys, Micheline ; Trifkovic, Neda.
2017.Research output: Working paper › Research
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TY - UNPB
T1 - Drivers of productivity in Vietnamese SMEs
T2 - The role of management standards and innovation
AU - Calza, Elisa
AU - Goedhuys, Micheline
AU - Trifkovic, Neda
PY - 2017
Y1 - 2017
N2 - Using a rich panel dataset of SMEs active in the manufacturing sector in Viet Nam, this paper investigates the drivers of firm productivity, focusing on the role played by international management standards certification. We develop and test the hypothesis that, controlling for technological innovation (product and process) and other variables related to technological capabilities, international standards are still conducive to higher productivity, through improved management practices associated with their adoption. In line with the requirement of continuous improvement implied by most international standards, the main findings show that the possession of an internationally recognized standard certificate leads to significant productivity premium. We further investigate the relationship between technological innovation and standard adoption. We find that the likelihood of certificate adoption is higher when firms implement technological innovations and that the effect of certification on productivity is particularly strong for firms with technological innovation.
AB - Using a rich panel dataset of SMEs active in the manufacturing sector in Viet Nam, this paper investigates the drivers of firm productivity, focusing on the role played by international management standards certification. We develop and test the hypothesis that, controlling for technological innovation (product and process) and other variables related to technological capabilities, international standards are still conducive to higher productivity, through improved management practices associated with their adoption. In line with the requirement of continuous improvement implied by most international standards, the main findings show that the possession of an internationally recognized standard certificate leads to significant productivity premium. We further investigate the relationship between technological innovation and standard adoption. We find that the likelihood of certificate adoption is higher when firms implement technological innovations and that the effect of certification on productivity is particularly strong for firms with technological innovation.
KW - Faculty of Social Sciences
KW - management standards
KW - ISO certification
KW - technological innovation
KW - productivity
KW - Viet Nam
KW - D22
KW - D24
KW - L20
KW - O12
KW - O30
M3 - Working paper
T3 - UNU WIDER Working Paper Series
BT - Drivers of productivity in Vietnamese SMEs
ER -
ID: 185188259