Details
| Original language | English |
|---|---|
| Pages (from-to) | 150-164 |
| Number of pages | 15 |
| Journal | Economic Analysis and Policy |
| Volume | 63 |
| Early online date | 7 Jun 2019 |
| Publication status | Published - Sept 2019 |
Abstract
Whether local financial development could reduce the constraints for women to promote economic growth is an important question that has been paid little attention. In this paper, we use data of more than 40,000 firms collected in Vietnam from 2009 to 2013 to examine the effects of local financial development, male ownership and the joint effect of these factors on firm growth. To address endogeneity issues which might arise by the causality from firm growth to local financial development, we employ the heteroscedasticity-based identification strategy. The results show that local financial development promotes firm performance in terms of the growth rates of sales, investment, sales per worker, return on investment (ROI), return on assets (ROA), and return on equity (ROE). The results also suggest the difference in entrepreneurs’ gender affects firm growth. Moreover, the joint effect of local financial development and male ownership is significantly negative through all specifications. This implies that local financial development could help reduce the gender gap in promoting firm growth.
Keywords
- Firm performance, Gender gap, Heteroscedasticity-based identification, Local financial development
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Economics and Econometrics
- Economics, Econometrics and Finance(all)
- Economics, Econometrics and Finance (miscellaneous)
Sustainable Development Goals
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In: Economic Analysis and Policy, Vol. 63, 09.2019, p. 150-164.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Gender difference in access to local finance and firm performance: Evidence from a panel survey in Vietnam
AU - Tran, Viet T.
AU - Nguyen, Trung Thanh
AU - Tran, Nguyet T.M.
N1 - Funding Information: The financial support from the German Research Foundation (DFG) under the grant number HE 2188/11-1 is gratefully acknowledged. Viet T. Tran gratefully acknowledges financial support from the Vietnam Ministry of Education and Training via Vietnam International Education Development (VIED) under project 911 and support from the Vietnam National University of Forestry. We thank two reviewers and the editor for their useful and constructive comments. The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.
PY - 2019/9
Y1 - 2019/9
N2 - Whether local financial development could reduce the constraints for women to promote economic growth is an important question that has been paid little attention. In this paper, we use data of more than 40,000 firms collected in Vietnam from 2009 to 2013 to examine the effects of local financial development, male ownership and the joint effect of these factors on firm growth. To address endogeneity issues which might arise by the causality from firm growth to local financial development, we employ the heteroscedasticity-based identification strategy. The results show that local financial development promotes firm performance in terms of the growth rates of sales, investment, sales per worker, return on investment (ROI), return on assets (ROA), and return on equity (ROE). The results also suggest the difference in entrepreneurs’ gender affects firm growth. Moreover, the joint effect of local financial development and male ownership is significantly negative through all specifications. This implies that local financial development could help reduce the gender gap in promoting firm growth.
AB - Whether local financial development could reduce the constraints for women to promote economic growth is an important question that has been paid little attention. In this paper, we use data of more than 40,000 firms collected in Vietnam from 2009 to 2013 to examine the effects of local financial development, male ownership and the joint effect of these factors on firm growth. To address endogeneity issues which might arise by the causality from firm growth to local financial development, we employ the heteroscedasticity-based identification strategy. The results show that local financial development promotes firm performance in terms of the growth rates of sales, investment, sales per worker, return on investment (ROI), return on assets (ROA), and return on equity (ROE). The results also suggest the difference in entrepreneurs’ gender affects firm growth. Moreover, the joint effect of local financial development and male ownership is significantly negative through all specifications. This implies that local financial development could help reduce the gender gap in promoting firm growth.
KW - Firm performance
KW - Gender gap
KW - Heteroscedasticity-based identification
KW - Local financial development
UR - http://www.scopus.com/inward/record.url?scp=85067001570&partnerID=8YFLogxK
U2 - 10.1016/j.eap.2019.05.004
DO - 10.1016/j.eap.2019.05.004
M3 - Article
AN - SCOPUS:85067001570
VL - 63
SP - 150
EP - 164
JO - Economic Analysis and Policy
JF - Economic Analysis and Policy
SN - 0313-5926
ER -