Does planned innovation promote financial access? Evidence from Vietnamese SMEs

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Does planned innovation promote financial access? Evidence from Vietnamese SMEs

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Does planned innovation promote financial access? Evidence from Vietnamese SMEs

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název periodika

Eurasian Business Review

ISSN

1309-4297

e-ISSN

2147-4281

Svazek periodika

13

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

DE - Spolková republika Německo

Počet stran výsledku

27

Strana od-do

281-307

Kód UT WoS článku

000911252300002

EID výsledku v databázi Scopus

2-s2.0-85145848123