Human capital, digital transformation, and firm performance of startups in Vietnam

Ghi Tran Nha (), Thu Nguyen Quang (), Huan Ngo Quang () and Trung Nguyen Tan ()
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Ghi Tran Nha: Ph.D., University of Economics of Ho Chi, Minh
Thu Nguyen Quang: Assoc. Prof., University of Economics of Ho Chi, Minh
Huan Ngo Quang: Ph.D., University of Economics of Ho Chi, Minh
Trung Nguyen Tan: Ph.D., University of Economics of Ho Chi, Minh

Management, 2022, vol. 26, issue 1, 1-18

Abstract: Based on social capital theory, the study explained the digital transformation process of startups in Vietnam. The primary object of this study is to examine the relationship between human capital, digital transformation, and firm performance of startups in Vietnam. The study applied Partial Least Squares Structural Model (PLS-SEM) with a sample size of 230 managers. The results demonstrated the positive relationships between human capital, digital transformation, and firm performance. The study explored digital transformation as a mediation mechanism between human capital and firm performance. The results provided some managerial implications for managers to focus on improving human capital in order to promote digital transformation and firm performance. This is an important strategy to help startups escape the crisis of Covid-19 pandemic. Finally, the study presented some limitations and directions for further research.

Keywords: Human capital; Digital transformation; Firm performance (search for similar items in EconPapers)
JEL-codes: D91 L53 M13 M15 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:vrs:manmen:v:26:y:2022:i:1:p:1-18:n:1

DOI: 10.2478/manment-2019-0081

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