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dc.contributor.authorNguyen, N.en
dc.contributor.authorGan, C.en
dc.contributor.authorHu, Baidingen
dc.date.accessioned2014-06-11T20:48:01Z
dc.date.issued2014-07en
dc.identifier.isbn9780864763570en
dc.identifier.issn2324-5220en
dc.identifier.urihttps://hdl.handle.net/10182/6045
dc.description.abstractSmall and medium sized enterprises (SMEs) have been highly conducive to economic development in Vietnam. SMEs are a mean of income generation, job creation, poverty reduction, and government revenue contribution, etc. However, SMEs have lagged far behind other business sectors in terms of performance. It is claimed that one of the major reasons is their inability to access credits. This study empirically tests the impact of access to different sources of financing on SMEs’ growth. Primary data was obtained from a survey of 487 SMEs in Hanoi in June 2013. The empirical models include Ordinary Least Square (OLS) estimation and Heckman Two Stage Procedure model to account for endogeneity issue. The models reject the claim that the inability to access credit adversely affects SMEs growth. The result is consistent in both OLS model and the Heckman Two Stage Procedure model. Furthermore, the results from the Heckman Two Stage Procedure model indicated that there is a remarkable difference in the growing pattern of externally and internally financed group. The fastest growing SMEs are those who did not borrow externally and their growth strategy relies on the owner’s human capital (i.e. young and well‐educated), direct export and network developed with customers. On the other hand, the SMEs group that obtained external finance grows faster as their enterprise size increases and they keep financial records.en
dc.format.extent1-15en
dc.language.isoenen
dc.publisherLincoln Universityen
dc.relationThe original publication is available from - Lincoln University - http://hdl.handle.net/10182/6045en
dc.relation.ispartofseriesFaculty of Commerce Working Paperen
dc.subjectSMEsen
dc.subjectSMEs growthen
dc.subjectfinance and firm growthen
dc.subjectcredit accessibilityen
dc.subjectVietnamen
dc.titleCredit accessibility and small and medium sized enterprises growth in Vietnamen
dc.typeWorking Paper
lu.contributor.unitLincoln Universityen
lu.contributor.unitFaculty of Agribusiness and Commerceen
lu.contributor.unitDepartment of Financial and Business Systemsen
lu.contributor.unitDepartment of Global Value Chains and Tradeen
dc.rights.accessRightsCopyright © The Authors
dc.subject.anzsrc150314 Small Business Managementen
dc.subject.anzsrc140207 Financial Economicsen
pubs.issue12en
pubs.organisational-group/LU
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce/FABS
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce/GVCT
pubs.organisational-group/LU/Research Management Office
pubs.organisational-group/LU/Research Management Office/PE20
pubs.organisational-group/LU/Research Management Office/QE18
pubs.publication-statusPublisheden
pubs.publisher-urlhttp://hdl.handle.net/10182/6045en
dc.publisher.placeLincoln, Christchurch, NZen
lu.identifier.orcid0000-0002-5618-1651
lu.identifier.orcid0000-0002-0991-1375


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