Abstract This study investigates small businesses’ financing decisions. Drawing upon asymmetric information theory, institutional theory and relevant literature on cognitive financial constraints, human capital social capital, we propose a theoretical framework in which determinants come from three dimensions: entrepreneurs’ individual factors, organisational (firm-level) factors contextual (institutional) factors. We employ this model to distinguish four types of firms: (1) firms that use...

Abstract Small firms may go green because of intrinsic motivation (to realise their values) or extrinsic pressure satisfy the requirements stakeholders). While impacts these two motivations on firms' behaviours have been discussed in literature, influences economic such as innovation remain unclear. This paper aims to investigate relationship between going due versus and impact innovation. We examine a dataset almost 21,000 small businesses 39 countries, primarily less developed, from 2018...

This study examines the influence of economic uncertainty on tourism. The key hypothesis to test is that while reduces outbound tourism, it may boost domestic tourism due economic-stagnant effects. Utilizing framework theory reasoned action analyze a global sample 124 countries over period 1996–2017, we find some initial evidence showing an increase in encourages reducing sample. Notably, these effects are consistent upper-middle-income economies, has positive impact both and...

This study draws upon the social network theory to understand under what conditions innovation influences firm internationalization in context of Vietnamese small and medium-sized enterprises (SMEs). We theorize that different types networks play varying roles moderating relationship between internationalization. Using a panel dataset more than 15,800 observations SMEs, we found high levels interorganizational positively moderate However, there is no such for interpersonal studied firms. Our...

Local governance and business performance in Vietnam: the transaction costs' perspective. Regional Studies. This paper adopts a perspective to explain why growth of small medium-sized enterprises (SMEs) may vary across regions an emerging economy. Furthermore, it is argued that young firms gain more from improvement local than do old large firms. In addition, depending on institutional history, SMEs will respond differently incentives provided by governance. Analysing 300,000 Vietnam during...

Why do some entrepreneurs pivot their business models in a crisis, while others are more passive? Integrating Conservation of Resources theory with work on crisis rumination, we developed micro-level model to explain why who under strain due as indicated by experiencing adopt an active approach – i.e., using coping and engaging pivoting. Moreover, prevention-focused habitually sensitive losses especially stimulated rumination prevent (further) resource losses. We tested our experiment...

Abstract The credit frictions encountered by small and medium-sized enterprises (SMEs) have been widely examined in the entrepreneurship literature. Although theory suggests that asset tangibility helps increase firms’ borrowing capacity because it allows creditors to take possession of a firm’s assets more easily, this paper provides new evidence about role intangible reducing for SMEs. Using an extensive dataset than 155,852 SMEs Vietnam multivariate probit model, we find identifiable...

Abstract This study distinguishes entrepreneurs’ cognitive financial constraints from supply and assesses their relative importance to small business growth. Drawing the literature on styles institutional theory, we argue that businesses’ derive not only market failures but also factors of entrepreneurs. Analysing a comprehensive dataset more than 200,000 businesses in Vietnam, show both impede firm Given this significantly deleterious effect, originating demand side financing deserve attention.

This study investigates the relative importance of local governance and external financing on small firms' reinvestments. Using a set more than 300,000 Vietnamese firm‐level observations from 2006 to 2015, this finds that quality is positively associated with However, regarding funds, only informal finance reinvestments while government loans bank serve as substitutes Also, suggests there significant heterogeneity among ownership sectors between micro‐enterprises firms in way they value...

The study examines the influences of global/domestic economic policy uncertainty (EPU) on entrepreneurship in a sample 23 economies over period 2006–2016. Employing two-step system General Method Moment estimation for unbalanced panel data, our provides surprising evidence, indicating that EPU may not always be harmful to entrepreneurship. Precisely, contrast with existing literature emphasising negative impact entrepreneurship, article suggests seems boost pro-entrepreneurial social and...

Institutions (rules of law) are important to tourism activities. However, national institutions cannot become effective when the execution rules law is inconsistent at local levels. This study thus examines role governance arrangements on performance companies, focusing environmental quality. Utilizing institutional theory, we propose a U-shaped relationship between and governance. When initially implemented, companies may be negatively affected due conflicts. as new environmentally...

Abstract This study examines the association between financing strategies and firm investments. Employing theory of constraints literature on formal/informal small businesses to investigate a set 15,851 observations Vietnamese in 11 years, we suggest pecking order terms investments, ascending as follows: (a) firms using no external finance, (b) informal finance only, (c) both formal (d) only. In addition, incorporate social capital explore moderating effect networking relationship...

Purpose This study investigates the influence of entrepreneurial experience on small business investment. The purpose this paper is to examine whether entrepreneurs with more prior start-up are better able identify opportunities and successfully transform these into investment projects. Design/methodology/approach empirical setting in Vietnam. authors employ a panel data businesses (mostly households) from 2005 2013, use fixed effect method estimate regression coefficients. results also...

This study investigates the impacts of regional informal institutions and local governance arrangements on revenue growth both male- female-run firms in Vietnam. Utilizing institutional theory literature feminism, we argue that are responsive to different sets institutions. Analysing more than 1.1 million observations 11 years (2006–16), find benefit from collective action norms non-finance-related forces, while male-run perform better under pro-entrepreneurship finance-related forces.

Abstract Hybrid ownership—sharing partial business ownership with the state—is a new form of political connections that entrepreneurs in developing countries may employ to improve their access key resources. This study investigates hybrid as strategic decision running small businesses Vietnam—a transition economy. Utilising resource dependence theory and legitimacy viewpoint, we propose evidently show increased state firms leads improved performance. However, increasing beyond minority share...

Service providers' communication on social media has become a viable method to influence customer purchasing behavior and firm outcomes.Because services are intangible, one of the most pertinent challenges is design text-based content reduce customers' perceived risk enhance desired outcomes.According Emotions as Social Information (EASI) theory, affective expression can positively observer's reactions.Yet, evidence suggests that (i.e., use words) less helpful in high-involvement situations,...

SUMMARY National institutional settings are important to small business performance. However, national institutions take time change. So, is there any way boost firm performance in ‘weak’ environments? This study aims answer this question by examining the role of local represented quality governance, instead very broad constitutional configurations. Moreover, it suggested that regional human capital, whether locally built‐up (through education) or externally imported in‐migrants) able...

Purpose For small businesses, the strategic objective of going green may be a gendered process. Male and female entrepreneurs, due to their gender roles, respond differently intrinsic motivations extrinsic pressures go green. This study aims investigate whether women-run or men-run firms are more likely versus pressures. Moreover, it examines how effect on is moderated by market competition inequality. Design/methodology/approach employs dataset businesses in 40 countries, mostly developing,...

Experiencing childhood trauma (that is, neglect/abuse) threatens the cognition, behavior, and well-being of individuals. In this paper, we examine whether how traumatic experiences, which go along with being an underdog entrepreneur, influence entrepreneurs' individual entrepreneurial orientation (Ind.EO). Examining two samples small-business entrepreneurs in UK, find that (i) experiences boost Ind.EO; (ii) positive effect is net result increase promotion (relative to prevention) regulatory...