Globalization and innovation: Evidence from Vietnamese small and medium sized enterprises

Ba Hoang Nguyen, Ho Hoang Gia Bao, Hoang Phong Le, Tram B.T. Tran and Thanh An Vu
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Ba Hoang Nguyen: Department of Finance and Accounting Management, Ho Chi Minh City University of Law, Ho Chi Minh City, Vietnam
Ho Hoang Gia Bao: Department of Finance and Accounting Management, Ho Chi Minh City University of Law, Ho Chi Minh City, Vietnam
Hoang Phong Le: Department of Finance and Accounting Management, Ho Chi Minh City University of Law, Ho Chi Minh City, Vietnam
Tram B.T. Tran: Department of Finance and Accounting Management, Ho Chi Minh City University of Law, Ho Chi Minh City, Vietnam
Thanh An Vu: Department of Finance and Accounting Management, Ho Chi Minh City University of Law, Ho Chi Minh City, Vietnam

Economic Analysis Letters, 2023, vol. 2, issue 4, 19-27

Abstract: The purpose of this research is to investigate how globalization affects innovation in Vietnam’s small and medium sized enterprises (SMEs). Utilizing Probit model and the data from Vietnam’s SMEs Survey during the period 2005-2015, the research examines the micro and macro effects of globalization on the innovation of these businesses. The main results show that at macro level, globalization is negatively correlated with innovation. However, at micro level, increasing competition pressure and knowledge transfer due to globalization are positively correlated with innovation of Vietnam’s SMEs.

Keywords: Globalization; innovation, Vietnam’s SMEs (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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