The joint effects of financial development and the business environment on firm growth: Evidence from Vietnam

Haschka, Rouven E.; Herwartz, Helmut; Struthmann, Philipp; Tran, Viet T.; Walle, Yabibal M.

doi:10.1016/j.jce.2021.11.002

Cited by 25 publications

(12 citation statements)

References 43 publications

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“…As for the connotation of the business environment, the business environment index system's previous conceptual framework was primarily centered on the perspective of transaction costs, which is incompatible with China's diverse institutional environment (Kuc‐Czarnecka et al, 2020; Yunus et al, 2014). Although some scholars elaborate on the meaning of the business environment from an ecosystem perspective, they mainly focus on the financial environment, corruption regulation, and other aspects (Haschka et al, 2022; Reyes et al, 2021). This study builds on earlier research by incorporating the SDGs to create a more thorough and reasonable measurement system of the business environment based on the ecosystem perspective from six dimensions: infrastructure environment, human resource environment, market environment, financial environment, the rule of law environment, and government environment, and further deepen the connotation of the business environment.…”

Section: Discussionmentioning

confidence: 99%

Evaluation and optimization of business environment based on sustainable development perspective: Exploring the role of the reform of government functions

Yin

Yuan

Zhou

2023

Sustainable Development

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The existing research on the business environment index system has a single viewpoint, which can hardly reflect the requirements of SDGs on the business environment. Few studies have focused on the “front end” factors determining the business environment. Based on panel data from 2011 to 2020, this study measures the business environment in 275 Chinese cities and uses the ArcGIS software and Natural Breaks (Jenks) to examine its spatiotemporal characteristics. The PSM‐DID model is utilized to examine the policy implications of the reform of government functions on the business environment. The findings demonstrate that China's urban business environment's total score has risen, and its geographic characteristics are “strong in the east and weak in the west.” Among the various sub‐dimensions of the business environment, the largest contribution is the infrastructure environment, followed by the rule of law environment. The reform of government functions can improve the business environment from the second year onward. Regional and city‐level heterogeneities exist in the effects of the reform of government functions on the business environment. In addition, informatization level, population density, and consumption level can optimize the business environment. This study provides a guide for accelerating the creation of a marketized, legalized, international, and sustainable business environment.

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Section: Discussionmentioning

confidence: 99%

Evaluation and optimization of business environment based on sustainable development perspective: Exploring the role of the reform of government functions

Yin

Yuan

Zhou

2023

Sustainable Development

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“…The development of SMEs is closely related to their dynamic environment. Haschka et al (2022) found that a favorable business environment generally promotes SMEs' growth, but some components of the business environment, such as low entry costs, access to land, and business service support, more strongly promote firm growth. The environment, particularly the business environment, undoubtedly represents the comprehensive ecosystem of the external conditions that market entities, including enterprises, face in their entrepreneurial and innovative economic activities.…”

Section: Literature Review and Research Frameworkmentioning

confidence: 99%

“…Environmental factors primarily encompass the external environment of enterprises or organi-zations, such as policy, market, and rule of law environments(Awa et al, 2016). The development of SMEs is closely related to their dynamic environment Haschka et al (2022). found that a favorable business environment generally promotes SMEs' growth, but some components of the business environment, such as low entry costs, access to land, and business service support, more strongly promote firm growth.…”

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confidence: 99%

What types of business environment fosters the emergence of more specialized and sophisticated “little giant” enterprises?—An empirical study based on the TOE framework and configuration adaptation theory

Tang,

Wang,

Zheng

et al. 2024

Manage Decis Econ

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Nurturing specialized and sophisticated enterprises is a vital strategic initiative to mitigate the dependency on crucial technologies and to promote the competitiveness of Chinese manufacturing industry. Basing on a technology, organization, and environment (TOE) framework, combined with geographic concentration, qualitative comparative analysis (QCA), and data envelopment analysis (DEA) methods, this article analyzes the conducive business environment for the growth of specialized and sophisticated “little giant” enterprises (LGEs) from configurational perspective. It takes the quantity and density of LGEs in different regions of China as the consequence event. The findings show that: (1) the spatial distribution of LGEs is highly uneven with a geographic concentration index (CR5) of 0.436 and a Herfindahl–Hirschman Index of 0.0599. (2) The presence of numerous technology‐oriented SMEs and a “favorable” business environment are not necessarily the regions where a larger number of LGEs are fostered. Indeed, the harmonious interplay of TOE is more important for achieving optimal outcomes. The differential configurations contributing to the regional output variations of LGEs can be classified with three patterns: technology‐organization‐environment synergistic promotion type (H1), innovation stimulation through effective financial support type (H2a), and compensatory type for inadequate innovation resources (H2b). While these configurations may lead to similar outcomes, they do not yield the same effectiveness. (3) The DEA reveals a tendency for “over‐optimization” in improving regional business environment under the TOE framework, indicating the presence of “input redundancy” and corresponding “output loss” issues in TOE factors. Local governments must adhere to the “barrel principle” and optimize the business environment that aligns with development of LGEs through the concept of dynamic adaptation. Adopting an organizational mindset of “stringing beads into chains” can help construct regional industrial chains with distinctive features.

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“…In layman's terms, it is the time and cost required to comply with the policies and regulations for opening, operating, trading activities, paying taxes, closing and executing contracts, and other conditions. Moreover, the business environment for enterprises is in fact an important reflection of the soft power of a country or region's economy, and is an important element in improving international competitiveness [3]. Therefore, all cities in our country are making great efforts to optimize the business environment and continuously improve their strength.…”

Section: Introductionmentioning

confidence: 99%

Study on the Optimization of Soft Business Environment and Countermeasures in Shenyang, China

2023

infse

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This paper analyzes the current status of the business environment in Shenyang, Liaoning Province, the countermeasures and suggestions for optimizing the development and the deep-seated connection with the economic construction with the data and information provided by the World Bank Group, the Business Environment Construction Bureau of Liaoning Province and the Shenyang Municipal People's Government about the business environment in China. The survey results show that the overall achievement of Shenyang's business environment construction results in recent years is relatively excellent, but sustainable optimization of the environment, especially the supervision of market investment always needs to be steady, and it is urgent to give practical optimization suggestions from both government and enterprise implementation, respectively, to promote the improvement and consolidation of the countermeasures of Shenyang's business soft environment.

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The joint effects of financial development and the business environment on firm growth: Evidence from Vietnam

Cited by 25 publications

References 43 publications

Evaluation and optimization of business environment based on sustainable development perspective: Exploring the role of the reform of government functions

Evaluation and optimization of business environment based on sustainable development perspective: Exploring the role of the reform of government functions

What types of business environment fosters the emergence of more specialized and sophisticated “little giant” enterprises?—An empirical study based on the TOE framework and configuration adaptation theory

Study on the Optimization of Soft Business Environment and Countermeasures in Shenyang, China

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