The effects of technology and innovation adoption on firm performance among small and medium enterprises: Evidence from Vietnam’s logistics sector

Nguyen Thanh Tuan (), Bekrar Abdelghani (), Le Thi Muoi (), Artiba Abdelhakim (), Chargui Tarik (), Vo Thi Le Hoa () and Trinh Thi Thu Huong ()
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Nguyen Thanh Tuan: LAMIH, LARSH (CRISS), Université Polytechnique Hauts-de-France, Le Mont Houy, 59313, Valenciennes, France
Bekrar Abdelghani: LAMIH, UMR CNRS 8201, Université Polytechnique Hauts-de-France, Le Mont Houy, 59313, Valenciennes, France
Le Thi Muoi: LARSH (CRISS), Université Polytechnique Hauts-de-France, Les Tertiales, 59313, Valenciennes, France
Artiba Abdelhakim: LAMIH, UMR CNRS 8201, Université Polytechnique Hauts-de-France, Le Mont Houy, 59313, Valenciennes, France
Chargui Tarik: LAMIH, UMR CNRS 8201, Université Polytechnique Hauts-de-France, Le Mont Houy, 59313, Valenciennes, France
Vo Thi Le Hoa: CNRS, UMR 6211, Université de Rennes, F-3500 Rennes, France
Trinh Thi Thu Huong: School of Economics and International Business, Foreign Trade University, 91 Chua Lang Street, Dong Da District, Ha Noi City, Vietnam

Economics and Business Review, 2024, vol. 10, issue 4, 129-164

Abstract: In Industry 4.0, technology and innovation constitute a driver for enhancing firms’ performance, particularly for small and medium-sized enterprises (SMEs). Our study aims to examine whether that statement is correct for SMEs in a developing country. We developed a generic model and employed multiple regression techniques, including ordinary least-squares, robust standard errors and weighted least squares, to test this hypothesis and address heteroskedasticity. Using a micro-level dataset including 11,630 SMEs in Vietnam’s logistics sector, an emerging logistics market in a developing country, our results reveals that the effects of technology on firm performance may differ depending on particular metrics of this performance. Furthermore, not all forms of innovation significantly affect SME performance. Control variables such as “firm’s age”, “firm’s size”, “state ownership”, “education of the manager” and “foreign activities” also play a significant role in SME performance, underscoring the importance of both internal capabilities and external technological elements.

Keywords: firm performance; innovation; logistics; supply chain; technology (search for similar items in EconPapers)
JEL-codes: C31 D04 L25 O30 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ecobur:v:10:y:2024:i:4:p:129-164:n:1001

DOI: 10.18559/ebr.2024.4.1123

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