Association of Innovation and Entrepreneurial Orientation on SME Performance: The Case of Soc Trang Province Vietnam

Binh, Tu Van; Thy, Ngo Giang; Vu, Pham Minh; Khoa, Huynh Dang; Thong, Nguyen Dinh

doi:10.18488/11.v11i2.3051

Cited by 3 publications

(3 citation statements)

References 15 publications

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“…The worldwide economic crisis produced by the COVID-19 pandemic also created problems for SMEs, who have had to adapt their tactics to retain their business sustainability in the face of the crisis (Konstantopoulou et al, 2018). Organizations should also strive for financial and social sustainability as they are a part of the larger community (Binh, Thy, Vu, Khoa, & Thong, 2022;Kornilaki et al, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

Diversification Strategy and its Impact on Sustainability: Research on Indonesian SMEs

Budiarto

Prabowo

Uyob

et al. 2022

IJAEFA

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Sustainable development and its contingency aspects have emerged as a fascinating topic in recent years, particularly for small and medium enterprises (SMEs). Several studies have looked at innovation, technology, and individual contexts, as well as diversification tactics, and found mixed results. Consequently, the purpose of this study is to investigate the impact of SMEs' diversification on their long-term viability. The 180 respondents that took part in the survey were all owners of SMEs from around Yogyakarta Province. The hypothesis was tested using Analysis of Variance (ANOVA), and the results revealed that there were substantial disparities in sustainability among SMEs, depending on their linearity. Furthermore, SMEs that engaged in linear diversification outperformed their non-linear counterparts in terms of profitability. The findings have implications for SME owners who want to ensure their long-term viability by employing the most appropriate approach.

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Section: Literature Reviewmentioning

confidence: 99%

Diversification Strategy and its Impact on Sustainability: Research on Indonesian SMEs

Budiarto

Prabowo

Uyob

et al. 2022

IJAEFA

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“…Scholars have inferred that corporate culture plays a significant role in the implementation of strategic management accounting (SMA). For instance, in innovationoriented and outcome-oriented cultures, employees are more likely to embrace innovative accounting and non-accounting practices with diminished opposition [2,[18][19][20]. Within this cultural setting, employees are willing to devote their time and resources to explore new business activities including SMA practices.…”

Section: Innovative Corporate Culture and Sma Adoptionmentioning

confidence: 99%

Factors impacting strategic management accounting adoption: Empirical evidence from an emerging market

Tran

2023

ijirss

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Strategic management accounting (SMA) is an advanced management tool that provides valuable information to aid managers in making strategic decisions for both long-term and short-term choices. Many factors motivated managers to adopt strategic management accounting (SMA) practices in their enterprises. Furthermore, strategic management accounting (SMA) techniques also consider external stakeholders such as customers, suppliers and regulators. Therefore, there may be various aspects of the external working environment that impact SMA implementations. On the other hand, strategic management accounting (SMA) also helps managers manage costs and resources effectively. Other internal factors such as managers’ perceptions about SMA, the knowledge of accountants and technologies also significantly impact the adoption of SMA techniques. The study’s main objective is to investigate the factors that affect SMA implementation in Vietnamese enterprises. Purposive techniques are used in the study’s explorative quantitative survey approach and data collection. Data from 305 Vietnamese enterprises are included in the sample. The findings demonstrate that the adoption of SMA practices is positively associated with four factors including top management teams, corporate culture, perceived environmental uncertainty and management networking.

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“…The role of owner's gender is considered in previous studies. Accordingly,Binh et al (2022) employed the gender of owner as a control variable in the statistical model. Unluckily, they don't find a significant influence of gender to firm performance.…”

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confidence: 99%

Impact of Innovations on SME Performance in Ho Chi Minh City (Vietnam)

Thy

2024

JEFMS

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This study aims to refine the broad idea of innovation by focusing on four specific types: product innovation, organizational innovation, process innovation, and R&D. These four categories will be used to measure the extent of innovation. The statistical model is used to examine the association between such innovations and business performance. The model is based on a sample size of 7,788 enterprises, with data provided by the Vietnamese General Statistics Offices. The findings validate the presence of product innovation, organizational innovation, and R&D as factors influencing SME success. Among these factors, organizational innovation has the highest influence, followed by product innovation and R&D. The causal link between process innovation and SME performance remains unestablished, as SMEs, comprising 95% or more of the market, primarily allocate their investments towards organizational innovation, product or service innovation, and R&D. This discovery serves as a valuable point of reference for both businesses and policymakers. It highlights the importance of considering potential forms of support for SMEs in order to foster innovation and achieve success.

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Association of Innovation and Entrepreneurial Orientation on SME Performance: The Case of Soc Trang Province Vietnam

Cited by 3 publications

References 15 publications

Diversification Strategy and its Impact on Sustainability: Research on Indonesian SMEs

Diversification Strategy and its Impact on Sustainability: Research on Indonesian SMEs

Factors impacting strategic management accounting adoption: Empirical evidence from an emerging market

Impact of Innovations on SME Performance in Ho Chi Minh City (Vietnam)

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