The lasting effects of innovation on firm profitability: Panel evidence from a transitional economy

Anh Ngoc Mai, Huong Vu Van and Bien Bui Xuan
Authors registered in the RePEc Author Service: Tuyen Quang Tran

MPRA Paper from University Library of Munich, Germany

Abstract: This study is the first to study the lasting effects of innovation on firm profitability in Vietnam. Using a unique panel dataset for the period 2005-2015, our results show that innovators achieve higher profit in comparison with non-innovating firms. The positive effects of innovation on firm profitability are observed not only in the short term but also in the longer term. The benefits of innovation for firm profitability can be seen in higher export probability, better productivity, better access to formal credit, and the ability to secure government support, but only after innovation.

Keywords: Innovation; firm profitability; and SMEs (search for similar items in EconPapers)
JEL-codes: D2 D21 (search for similar items in EconPapers)
Date: 2019, Revised 2019
New Economics Papers: this item is included in nep-sbm, nep-sea and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Published in Economic Research 1.32(2019): pp. 1-23

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/98168/1/MPRA_paper_98168.pdf original version (application/pdf)

Related works:
Journal Article: The lasting effects of innovation on firm profitability: panel evidence from a transitional economy (2019)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:98168

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().