Corruption, types of corruption and firm financial performance: New evidence from a transitional economy

Using a nationwide survey of provincial institutional quality and a sample of private manufacturing small and medium scale enterprises (the SMEs), this paper contributes to the literature by considering for the first time the effects of corruption on the financial performance of Vietnamese private S...

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Những tác giả chính: Vũ, Văn Hưởng, Trần, Quang Tuyến, Nguyễn, Văn Tuấn, Lim, Steven
Định dạng: Journal article
Ngôn ngữ:English
Được phát hành: Springer 2022
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Truy cập trực tuyến:http://scholar.dlu.edu.vn/handle/123456789/719
https://www.scopus.com/inward/record.uri?eid=2-s2.0-84954539858&doi=10.1007%2fs10551-016-3016-y&partnerID=40&md5=5789866149b5f6efbeccbe9582bd3460
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spelling oai:scholar.dlu.edu.vn:123456789-7192022-08-02T03:40:21Z Corruption, types of corruption and firm financial performance: New evidence from a transitional economy Vũ, Văn Hưởng Trần, Quang Tuyến Nguyễn, Văn Tuấn Lim, Steven Corruption Firm financial performance SMEs Institutional quality Vietnam Using a nationwide survey of provincial institutional quality and a sample of private manufacturing small and medium scale enterprises (the SMEs), this paper contributes to the literature by considering for the first time the effects of corruption on the financial performance of Vietnamese private SMEs. Interestingly, contrary to previous findings, we find that corruption when measured by a dummy variable, does not affect firms’ financial performance after controlling for heterogeneity, simultaneity and dynamic endogeneity. However, the intensity of bribery and the majority of the forms of corruption were found to have negative impacts on firms’ financial performance. Hence, a typical approach using only a dummy variable for bribery might not adequately evaluate the impact of bribe intensity or even ignores the negative impacts of some types of bribes on firms’ financial performance. The findings suggest that anti-corruption measures are vital for the development of the Vietnamese private SMEs. 148 C https://link.springer.com/article/10.1007/s10551-016-3016-y#:~:text=Bus%20Ethics%20148%2C-,847%E2%80%93858,-(2018).%20https%3A//doi 2022-08-02T03:40:18Z 2022-08-02T03:40:18Z 2018 Journal article Bài báo đăng trên tạp chí thuộc ISI, bao gồm book chapter 01674544 http://scholar.dlu.edu.vn/handle/123456789/719 10.1007/s10551-016-3016-y https://www.scopus.com/inward/record.uri?eid=2-s2.0-84954539858&doi=10.1007%2fs10551-016-3016-y&partnerID=40&md5=5789866149b5f6efbeccbe9582bd3460 en Journal of Business Ethics 1573-0697 Springer Netherlands
institution Thư viện Trường Đại học Đà Lạt
collection Thư viện số
language English
topic Corruption
Firm financial performance
SMEs
Institutional quality
Vietnam
spellingShingle Corruption
Firm financial performance
SMEs
Institutional quality
Vietnam
Vũ, Văn Hưởng
Trần, Quang Tuyến
Nguyễn, Văn Tuấn
Lim, Steven
Corruption, types of corruption and firm financial performance: New evidence from a transitional economy
description Using a nationwide survey of provincial institutional quality and a sample of private manufacturing small and medium scale enterprises (the SMEs), this paper contributes to the literature by considering for the first time the effects of corruption on the financial performance of Vietnamese private SMEs. Interestingly, contrary to previous findings, we find that corruption when measured by a dummy variable, does not affect firms’ financial performance after controlling for heterogeneity, simultaneity and dynamic endogeneity. However, the intensity of bribery and the majority of the forms of corruption were found to have negative impacts on firms’ financial performance. Hence, a typical approach using only a dummy variable for bribery might not adequately evaluate the impact of bribe intensity or even ignores the negative impacts of some types of bribes on firms’ financial performance. The findings suggest that anti-corruption measures are vital for the development of the Vietnamese private SMEs.
format Journal article
author Vũ, Văn Hưởng
Trần, Quang Tuyến
Nguyễn, Văn Tuấn
Lim, Steven
author_facet Vũ, Văn Hưởng
Trần, Quang Tuyến
Nguyễn, Văn Tuấn
Lim, Steven
author_sort Vũ, Văn Hưởng
title Corruption, types of corruption and firm financial performance: New evidence from a transitional economy
title_short Corruption, types of corruption and firm financial performance: New evidence from a transitional economy
title_full Corruption, types of corruption and firm financial performance: New evidence from a transitional economy
title_fullStr Corruption, types of corruption and firm financial performance: New evidence from a transitional economy
title_full_unstemmed Corruption, types of corruption and firm financial performance: New evidence from a transitional economy
title_sort corruption, types of corruption and firm financial performance: new evidence from a transitional economy
publisher Springer
publishDate 2022
url http://scholar.dlu.edu.vn/handle/123456789/719
https://www.scopus.com/inward/record.uri?eid=2-s2.0-84954539858&doi=10.1007%2fs10551-016-3016-y&partnerID=40&md5=5789866149b5f6efbeccbe9582bd3460
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