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dc.contributor.authorLan, Thanh Nguyen
dc.contributor.authorSu, Jen-Je
dc.contributor.authorSharma, Parmendra
dc.date.accessioned2019-07-04T12:37:18Z
dc.date.available2019-07-04T12:37:18Z
dc.date.issued2019
dc.identifier.issn0003-6846
dc.identifier.doi10.1080/00036846.2019.1569196
dc.identifier.urihttp://hdl.handle.net/10072/384003
dc.description.abstractThis study provides a fresh look at the SME sector’s economic backbone vis-à-vis credit constraint dichotomy in Vietnam—Asia’s rising economic star. The study uses data from the Survey of Manufacturing SMEs in Vietnam from 2005 to 2013 and adopts a two-step Heckman modelling strategy to single out firms with formal financing needs that are credit constrained. Results show that several characteristics—including firm size, investment, financial assets, leverage, equity, registration, gender of owner, age, and education—significantly affect the likelihood of either credit constraints or demand. The main results do not change even when the issue of endogeneity is dealt with. Particularly, we provide evidence that unobserved factors that increase the probability of debt demand also increase the probability of being constrained. Policy implications are discussed.
dc.description.peerreviewedYes
dc.languageEnglish
dc.publisherROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
dc.relation.ispartofpagefrom3170
dc.relation.ispartofpageto3183
dc.relation.ispartofissue29
dc.relation.ispartofjournalAPPLIED ECONOMICS
dc.relation.ispartofvolume51
dc.subject.fieldofresearchApplied Economics
dc.subject.fieldofresearchEconometrics
dc.subject.fieldofresearchBanking, Finance and Investment
dc.subject.fieldofresearchcode1402
dc.subject.fieldofresearchcode1403
dc.subject.fieldofresearchcode1502
dc.titleSME credit constraints in Asia's rising economic star: fresh empirical evidence from Vietnam
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.rights.copyright© 2019 Taylor & Francis (Routledge). This is an Accepted Manuscript of an article published by Taylor & Francis in Applied Economics on 25 Jan 2019, available online: https://www.tandfonline.com/doi/full/10.1080/00036846.2019.1569196
gro.hasfulltextFull Text
gro.griffith.authorSharma, Parmendra P.
gro.griffith.authorSu, Jen-Je
gro.griffith.authorNguyen, Lan T.


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