Intangible Capital and Innovation: An Empirical Analysis of Vietnamese Enterprises

Qing Li and Long Vo
Additional contact information
Qing Li: Department of Economics and Finance, SILC Business School, Shanghai University.

No 21-02, Economics Discussion / Working Papers from The University of Western Australia, Department of Economics

Abstract: Intangible capital is an important growth driver in the modern knowledge-based and innovation-driven economy. While there seems to be sufficient support for the role of intangible capital from developed economies, evidence from fast-growing developing countries is much more limited. This paper explores the heterogeneous pattern and potential determinants of firm-level intangible capital investment in Vietnam. We found that firm size, human capital, and information and communication technology increase the likelihood to invest in intangible capital. Additionally, an inverted-U shaped relation is identified between market competition and intangible capital investment: Moderate levels of market competition induce firms in Vietnam to invest more in innovative activities, but the effect of stronger competition diminishes.

Keywords: Intangible capital investment; innovation; Vietnamese firms (search for similar items in EconPapers)
JEL-codes: O12 O34 R11 (search for similar items in EconPapers)
Pages: 32
Date: 2021
New Economics Papers: this item is included in nep-ict, nep-knm, nep-sbm, nep-sea, nep-tid and nep-tra
Note: MD5 = 1f8e52559a5cb7191c595a15c5b6c031
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ecompapers.biz.uwa.edu.au/paper/PDF%20of%2 ... 02_Li%20and%20Vo.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uwa:wpaper:21-02

Access Statistics for this paper

More papers in Economics Discussion / Working Papers from The University of Western Australia, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sam Tang ().