How firm characteristics affect the level of constrain to growth : An empirical analysis of micro and small firms in Vietnam

Thi Quynh Trang Do (1)

1 CES - Centre d'économie de la Sorbonne

Economic literature has introduced large theories on critical role of micro and small firms (MSEs) in the economic development. Particularly in developing countries, the development of the sectore has become a channel of poverty reduction by providing job opportunities and creating welfares. Besides, MSEs might be seen as embryonic form of sizable firms in the future, then contribute to the innovation process and economic growth. Consequently, promoting the growth of micro and small firms is in the center of interest of many developing countries, so does the case of Vietnam. By investigating the importance of firm characteristics with regard to the barriers that facing MSE in the growth process, this analysis brings some more light into the sector that unfortunately is still an under researched area. Using firm sample drawing from the Survey on Household's Living Standard in 2004 in Vietnam, we find that firms with different characteristics, among them : firm size, firm age, legal status, industrial sector and location, experiencing different levels of constraints. The level of signification of firm characteristics differs from barriers to barriers. In general, more sizable firms have often to face with higher level of constraints. These results enable policymakers to create more suitable MSEs fostering policies which better account for the different obstacles due to firm heterogeneity.

La croissance des micro et petites entreprises (MPE) est largement reconnue comme un outil efficace dans la création des emplois et dans la réduction de la pauvreté chez les pays émergents. Dans l'espoir que ces entreprises pourraient devenir de plus grandes firmes dans l'avenir, la croissance des MPE devient une préoccupation importante des autorités. Nous tenons à étudier dans ce papier l'impact des caractéristiques de l'entreprise sur le niveau de contraintes à la croissance. Cette étude permet les policy-maker de mieux créer les politiques pour promouvoir la croissance des MPE. Utilisant un échantillon de MPE tiré de l'enquête au niveau de vie des ménages au Vietnam (VHLSS2004), nous trouvons que le niveau de contrainte auquel l'entreprise doit faire face dans son processus de croissance varie en fonction de ses caractéristiques et en fonction de la nature des contraintes. En général, les plus grandes entreprises des PME manifestent plus de contraintes contre les barrières de croissance.

Mots clés: Vietnam; Firm performance; micro-small enterprises; barriers to growth; Vietnam.

Mots clés: Performance de l'entreprise; micro et petite entreprise; barrière à la croissance

Domaines: Economies et finances; Méthodes et statistiques

Thi Quynh Trang Do. How firm characteristics affect the level of constrain to growth : An empirical analysis of micro and small firms in Vietnam. 2009. ⟨halshs-00429732⟩