Creativity and Entrepreneurial Efforts in an Emerging Economy

Vuong, Quan‐Hoang; Napier, Nancy K.; Do, Thu-Hang; Vuong, Thu‐Trang

doi:10.2139/ssrn.2706953

Cited by 5 publications

(10 citation statements)

References 17 publications

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“…The observed patterns of influence by these predictor variables capture the characteristics of the 'less innovative economy' and 'transition turmoil' period fairly well, unveiling the deeper insights that otherwise observers could only 'feel' rather intuitively. In fact, the results reported in this report support conclusion by Allen (1983) that innovation should be supported by higher wage and lower costs of fund, while the opposite has been observed in Vietnam's emerging economy (Vuong et al, 2016b).…”

Section: Insights and Discussionsupporting

confidence: 77%

“…But so far there has been virtually no reported evidence on influence of capital availability to creative performance and possibilities of technological innovation in the emerging economy of Vietnam. More recent evidence even sees this issue within the entrepreneurial firms sector, where innovation and creativity are supposed to assume a central role in improving startups' competitiveness (Vuong et al, 2016b).…”

Section: Insights and Discussionmentioning

confidence: 99%

“…Thus only those with higher capex/profits and strong growth objectives are likely to seek external finance. As "firms prefer to finance new projects internally prior to seeking external capital" -according to Cosh et al (2009) -operational efficiency clearly affects the choices of not only capital structure but also the tendency of pursing innovation efforts (Pahnke et al, 2015;Tran and Santarelli, 2014;Vuong et al, 2016b).…”

Section: A Brief Review Of the Extant World Literaturementioning

confidence: 99%

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Determinants of firm performance in a less innovative transition system: exploring Vietnamese longitudinal data

Vuong

2016

IJTIS

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This study investigates a longitudinal financial data set from 37 companies listed on Vietnamese stock market, during 2004-2013-a tumultuous transition period, which show major weaknesses of a less innovative system in a resource-constrained setting. The significance of relationships between operational scales, sources of finance and firms' performance reflects the nature of a business environment in transition and lower innovativeness. First, when an innovation strategy is absent, the obsession and over-emphasis of capital resources become overwhelming and persistent. Second, firm size shows mixed contribution to performance. Third, the study has found negative effects of sales and growth rate to ROE and profit margins, raising a question on the combined 'lower innovativeness' and 'tumultuous transition' setting. Finally, the effect of time is significant on key factors. These insights potentially lead to an advocacy of restructuring the corporate sector regarding usage of resources, market orientation and technological innovation for revamping competitiveness.

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Section: Insights and Discussionsupporting

confidence: 77%

Section: Insights and Discussionmentioning

confidence: 99%

Section: A Brief Review Of the Extant World Literaturementioning

confidence: 99%

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Determinants of firm performance in a less innovative transition system: exploring Vietnamese longitudinal data

Vuong

2016

IJTIS

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“…In addition, from the managerial perspective, the experience of firm managers is another much-researched factor yielding mixed results. It is reasonable to expect that industry experience is crucial in managing a business in a transitional economy where proper professional education in the field is not available, which is confirmed by some research (Vuong et al, 2016b;Vuong et al, 2016c). However, findings from some other studies indicated that older managers, especially in household companies, are less open to entrepreneurial opportunities with a high level of risk due to concerns over succession matters and conservation of family wealth (Vuong et al, 2016b).…”

Section: Constraints Facing Enterprises Economic Efficiency and Limimentioning

confidence: 89%

What have Vietnamese scholars learned from researching entrepreneurship?: A systematic review

La¹,

Vuong²,

Nguyen³

et al. 2019

Preprint

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Entrepreneurship has contributed to the rise and stability of Vietnamese economy through innovation, job creation, and nurturing entrepreneurial spirit. Using a structured database of Vietnamese researchers’ scientific publications, the study was able to identify 111 research on entrepreneurship from 2008 to 2018. Then, a homemade software was designed to analyze the data, and produce descriptive tables, charts, and network maps. The results show limited scope and quantity over the past ten years. Moreover, research topics were scattered with most interests focused on management, finance, and legal issues. Technology, gender, and internationalization are attracting public attention but remain underresearched. In the future, entrepreneurial venture and startups in Vietnam will benefit from the growing number of scientific publications.

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“…Creativity is, in fact, a key factor for entrepreneurs in defining strategies when faced with limitations that would hinder longer-term businesses (Ireland, Hitt & Sirmon 2003;Campbell & Carayannis 2016;Vuong, Napier, Do & Vuong 2016). However, the complex nature of the social system of entrepreneurship makes creativity difficult to grasp and make use of (Woodman, Sawyer & Griffin 1993).…”

Section: A Brief Literature Reviewmentioning

confidence: 99%

Relationship between Past Experience, Social Network Participation and Creative Capacity: Vietnamese Entrepreneurship Survey

Vu¹,

Vuong²,

Vuong

2016

SSRN Journal

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The notions of entrepreneurship and creativity in developed economies, despite having gained attention among researchers, remain embryonic in numerous emerging economies. Being focused on entrepreneurs in a typical transitional and emerging market economy, Vietnam, this paper aims to empirically explore the influence that past entrepreneurial efforts may exert on the perceptions of entrepreneurs about their own creativity performance. The study also seeks to understand how entrepreneurs social networks contribute to perceived creativity capacity by entrepreneurs who participate in those societies. The empirical research results suggest that entrepreneurs with business experience and active networking engagement are more likely to believe in their own creativity. This knowledge and insights in turn offer some implications for addressing the lack of radical creativity among Vietnamese entrepreneurs. Abstract:The notions of entrepreneurship and creativity in developed economies, despite having gained attention among researchers, remain embryonic in numerous emerging economies. Being focused on entrepreneurs in a typical transitional and emerging market economy, Vietnam, this paper aims to empirically explore the influence that past entrepreneurial efforts may exert on the perceptions of entrepreneurs about their own creativity performance. The study also seeks to understand how entrepreneurs social networks contribute to perceived creativity capacity by entrepreneurs who participate in those societies. The empirical research results suggest that entrepreneurs with business experience and active networking engagement are more likely to believe in their own creativity. This knowledge and insights in turn offer some implications for addressing the lack of radical creativity among Vietnamese entrepreneurs.

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Creativity and Entrepreneurial Efforts in an Emerging Economy

Cited by 5 publications

References 17 publications

Determinants of firm performance in a less innovative transition system: exploring Vietnamese longitudinal data

Determinants of firm performance in a less innovative transition system: exploring Vietnamese longitudinal data

What have Vietnamese scholars learned from researching entrepreneurship?: A systematic review

Relationship between Past Experience, Social Network Participation and Creative Capacity: Vietnamese Entrepreneurship Survey

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