Foreign small- and medium-sized enterprises and regional institutions

IF 8.9 1区管理学 Q1 BUSINESS

Journal of World Business Pub Date : 2025-05-28 DOI:10.1016/j.jwb.2025.101649

Chau M. Chu , Bach Nguyen

引用次数: 0

Abstract

This study centers upon Vietnam's Law on Investment 2014—a place-based policy that offers investment incentives for foreign firms located in disadvantaged areas. Using the difference-in-differences method for 46,211 firm-year observations 2006–2021, we find that the policy increased the revenue growth of foreign SMEs located in such areas by 17 % more than that of comparable firms located outside. The positive impact is strengthened in regions with stronger governance institutions, namely more efficient business-support services and lower policy bias. Moreover, the impact of the place-based policy combined with business support (policy bias) is stronger in southern (northern) regions embedded in pro-capitalist (pro-socialist) values.

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外国中小企业和地区机构

本研究以越南2014年投资法为中心，这是一项基于地方的政策，为位于弱势地区的外国公司提供投资激励。利用2006-2021年46,211家公司年观察数据的差异中差法，我们发现，该政策使位于这些地区的外国中小企业的收入增长比位于外部的可比企业高出17%。在治理制度更完善的地区，即更高效的商业支持服务和更低的政策偏见，积极影响会得到加强。此外，在亲资本主义（亲社会主义）价值观根深蒂固的南（北）地区，以地为本的政策与企业支持（政策偏差）相结合的影响更大。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of World Business BUSINESS-

CiteScore

16.50

自引率

11.20%

发文量

期刊介绍： The Journal of World Business holds a distinguished position as a leading publication within the realm of International Business. Rooted in a legacy dating back to 1965, when it was established as the Columbia Journal of World Business, JWB is committed to disseminating cutting-edge research that reflects significant advancements in the field. The journal actively seeks submissions that propel new theoretical frameworks and innovative perspectives on International Business phenomena. Aligned with its domain statement, submissions are expected to possess a clear multinational, cross-border, or international comparative focus, while remaining pertinent to the study of management and organizations. JWB particularly encourages submissions that challenge established theories or assumptions, presenting pioneering or counterintuitive findings. With an inclusive approach, the journal welcomes contributions from diverse conceptual and theoretical traditions, encompassing allied social sciences and behavioral sciences. Submissions should either develop new theories or rigorously test existing ones, employing a variety of qualitative, quantitative, or other methodological approaches. While JWB primarily caters to scholars and researchers, it values contributions that explore implications for Multinational Enterprises and their management, as well as ramifications for public policy and the broader societal role of business.