The Role of Social Investment in Information, Communication, Science, and Technology on the Productivity Growth of Enterprises in Vietnam

Quang Hai Nguyen

Chapter 10 in Emerging and Evolving Business and Management Issues in Vietnam:Research and Practice, 2024, pp 315-334 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The development of science and technology (ST) and information and communication (IC) has positively affected countries socioeconomically. The aim of this study is to explore the impact of social investment in IC and ST on the output growth of enterprises in different industries. The study focuses on enterprises in 77 Tier-2 industries in Vietnam and is divided into three samples: industry and construction, services, and overall data for the period 2008–2019. The chosen estimator is the panel generalized method of moments (GMM). The results were checked for robustness via comparison with the panel least squares (LS) method. The results confirm that business capital and labor are still the two basic inputs that determine the output value of enterprises. However, social investment in IC and ST also plays a significant role. Different roles of explanatory factors for output value were also found between enterprises in two economic sectors: the industry and construction sector, and the service sector. Enterprises in industry and construction benefit more from society’s investment in IC and ST than enterprises in the service sector.

Keywords: Strategic Management; Environmental Uncertainty; Digital Marketing; Marketing and Digital Shift; Cultural Intelligence; Quality Measurement; Prosumption; Transitional Economy; IoT Adoption; Market Orientation; Social Investment; Productivity Growth; Fintech; New Managerialism; Financial Literacy; Digital Literacy; Personal Financial Management; Digital Financial Services; Vietnam (search for similar items in EconPapers)
JEL-codes: F23 F44 M1 M11 M16 M31 (search for similar items in EconPapers)
Date: 2024
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