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The determinants of innovation in Vietnamese manufacturing firms: an empirical analysis using a technology–organization–environment framework

The determinants of innovation in Vietnamese manufacturing firms: an empirical analysis using a... The aim of this study is to empirically analyze the determinants of the innovation decision for Vietnamese manufacturing firms by using an extensive firm-level panel dataset for the period 2010–2013. This study adopts the technology–organization–environment (TOE) model to explore the influence of these factors on the innovation decision of firms in the context of a developing country—in particular, Vietnam. The results show that the technological factors that are represented by a higher percentage of skilled workforce and that are based in technologically intensive sectors appear to be critical elements for the innovation decision. The organizational factors “firm size” and “ownership” significantly affect the innovation decision. With regard to ownership, a surprising finding is the lack of innovative activities in wholly foreign-owned firms, which is in contrast with other studies. Furthermore, regarding the environmental factors, the findings show that the financial support from the local government is unrelated to the innovation engagement of Vietnamese firms. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Eurasian Business Review Springer Journals

The determinants of innovation in Vietnamese manufacturing firms: an empirical analysis using a technology–organization–environment framework

Hue, Tran
Eurasian Business Review , Volume 9 (3) – May 29, 2019
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References (74)

Publisher
Springer Journals
Copyright
Copyright © 2019 by Eurasia Business and Economics Society
Subject
Business and Management; Business and Management, general; Innovation/Technology Management; Entrepreneurship; Emerging Markets/Globalization
ISSN
1309-4297
eISSN
2147-4281
DOI
10.1007/s40821-019-00125-w
Publisher site
See Article on Publisher Site

Abstract

The aim of this study is to empirically analyze the determinants of the innovation decision for Vietnamese manufacturing firms by using an extensive firm-level panel dataset for the period 2010–2013. This study adopts the technology–organization–environment (TOE) model to explore the influence of these factors on the innovation decision of firms in the context of a developing country—in particular, Vietnam. The results show that the technological factors that are represented by a higher percentage of skilled workforce and that are based in technologically intensive sectors appear to be critical elements for the innovation decision. The organizational factors “firm size” and “ownership” significantly affect the innovation decision. With regard to ownership, a surprising finding is the lack of innovative activities in wholly foreign-owned firms, which is in contrast with other studies. Furthermore, regarding the environmental factors, the findings show that the financial support from the local government is unrelated to the innovation engagement of Vietnamese firms.

Journal

Eurasian Business Review – Springer Journals

Published: May 29, 2019

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