Does planned innovation promote financial access? Evidence from Vietnamese SMEs

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11640%2F23%3A00570875" target="_blank" >RIV/00216208:11640/23:00570875 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.1007/s40821-023-00238-3" target="_blank" >https://doi.org/10.1007/s40821-023-00238-3</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/s40821-023-00238-3" target="_blank" >10.1007/s40821-023-00238-3</a>

Result language

angličtina

Original language name

Does planned innovation promote financial access? Evidence from Vietnamese SMEs

Original language description

The study examines the feedback effect of innovation outcomes on access to finance, as an extension to the existing literature which suggests financial access drives firms to innovate. The study applies the theory of planned behaviors integrated with the signaling theory to evaluate financial access of Vietnamese firms in connection to their innovation with a particular focus on planned innovation activities—innovation activities that started out with an entrepreneurial intention to innovate. Applying the multilevel mixed-effects logistic (MELOGIT) regression for panel and the two-stage probit model within the conditional mixed process (CMP) to the data on Vietnamese small and medium firms, for the period 2005–2015, the study shows that firms with innovation outcomes appear to have better access to finance. More interestingly, the effect is stronger for planned innovation. These findings assert the signaling role of planned innovation to potential lenders on a comprehensive resource commitment guiding the innovation activity to success. The study offers interdisciplinary arguments from both financial risk perspective and theory of planned behavior integrated with the signaling view.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Eurasian Business Review

ISSN

1309-4297

e-ISSN

2147-4281

Volume of the periodical

13

Issue of the periodical within the volume

2

Country of publishing house

DE - GERMANY

Number of pages

27

Pages from-to

281-307

UT code for WoS article

000911252300002

EID of the result in the Scopus database

2-s2.0-85145848123