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Government financial support and firm productivity in Vietnam

Quang Vu and Tuyen Tran

MPRA Paper from University Library of Munich, Germany

Abstract: Using the Färe-Primont index and instrumental variable fixed effect estimation for the data of small and medium-sized enterprises (SMEs), this study considers if receiving government financial support enables SMEs in Vietnam to become more productive. The paper discovers no evidence of linkage between financial support and firm productivity. However, access to financial support improves technological progress and growth in firm scale but has a negative effect on improvement in technical efficiency. The estimation results reveal that the use of productivity as an aggregated index in previous studies may hide the real effect of government support on firm productivity.

Keywords: Financial support; productivity; small and medium-sized enterprises; Vietnam (search for similar items in EconPapers)
JEL-codes: O3 O31 O33 (search for similar items in EconPapers)
Date: 2020-01-15, Revised 2020-02-18
New Economics Papers: this item is included in nep-cfn, nep-eff, nep-fdg, nep-sbm, nep-sea and nep-tra
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Forthcoming in Finance Research Letters (2020): pp. 1-6

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