The effects of technology and innovation adoption on firm performance among small and medium enterprises: Evidence from Vietnam’s logistics sector
In Industry 4.0, technology and innovation constitute a driver for enhancing firms’ performance, particularly for small and medium-sized enterprises (SMEs). Our study aims to examine whether that statement is correct for SMEs in a developing country. We developed a generic model and employed multipl...
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| Format: | Article |
| Language: | English |
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Sciendo
2024-12-01
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| Series: | Economics and Business Review |
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| Online Access: | https://doi.org/10.18559/ebr.2024.4.1123 |
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| author | Nguyen Thanh Tuan Bekrar Abdelghani Le Thi Muoi Artiba Abdelhakim Chargui Tarik Vo Thi Le Hoa Trinh Thi Thu Huong |
| author_facet | Nguyen Thanh Tuan Bekrar Abdelghani Le Thi Muoi Artiba Abdelhakim Chargui Tarik Vo Thi Le Hoa Trinh Thi Thu Huong |
| author_sort | Nguyen Thanh Tuan |
| collection | DOAJ |
| description | In Industry 4.0, technology and innovation constitute a driver for enhancing firms’ performance, particularly for small and medium-sized enterprises (SMEs). Our study aims to examine whether that statement is correct for SMEs in a developing country. We developed a generic model and employed multiple regression techniques, including ordinary least-squares, robust standard errors and weighted least squares, to test this hypothesis and address heteroskedasticity. Using a micro-level dataset including 11,630 SMEs in Vietnam’s logistics sector, an emerging logistics market in a developing country, our results reveals that the effects of technology on firm performance may differ depending on particular metrics of this performance. Furthermore, not all forms of innovation significantly affect SME performance. Control variables such as “firm’s age”, “firm’s size”, “state ownership”, “education of the manager” and “foreign activities” also play a significant role in SME performance, underscoring the importance of both internal capabilities and external technological elements. |
| format | Article |
| id | doaj-art-62b135745da24b99802ec4e02e5aefe0 |
| institution | Kabale University |
| issn | 2450-0097 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Economics and Business Review |
| spelling | doaj-art-62b135745da24b99802ec4e02e5aefe02025-01-14T14:22:32ZengSciendoEconomics and Business Review2450-00972024-12-0110412916410.18559/ebr.2024.4.1123The effects of technology and innovation adoption on firm performance among small and medium enterprises: Evidence from Vietnam’s logistics sectorNguyen Thanh Tuan0Bekrar Abdelghani1Le Thi Muoi2Artiba Abdelhakim3Chargui Tarik4Vo Thi Le Hoa5Trinh Thi Thu Huong6LAMIH, LARSH (CRISS), Université Polytechnique Hauts-de-France, Le Mont Houy, 59313, Valenciennes, FranceLAMIH, UMR CNRS 8201, Université Polytechnique Hauts-de-France, Le Mont Houy, 59313, Valenciennes, FranceLARSH (CRISS), Université Polytechnique Hauts-de-France, Les Tertiales, 59313, Valenciennes, FranceLAMIH, UMR CNRS 8201, Université Polytechnique Hauts-de-France, Le Mont Houy, 59313, Valenciennes, FranceLAMIH, UMR CNRS 8201, Université Polytechnique Hauts-de-France, Le Mont Houy, 59313, Valenciennes, FranceCNRS, UMR 6211, Université de Rennes, F-3500 Rennes, FranceSchool of Economics and International Business, Foreign Trade University, 91 Chua Lang Street, Dong Da District, Ha Noi City, VietnamIn Industry 4.0, technology and innovation constitute a driver for enhancing firms’ performance, particularly for small and medium-sized enterprises (SMEs). Our study aims to examine whether that statement is correct for SMEs in a developing country. We developed a generic model and employed multiple regression techniques, including ordinary least-squares, robust standard errors and weighted least squares, to test this hypothesis and address heteroskedasticity. Using a micro-level dataset including 11,630 SMEs in Vietnam’s logistics sector, an emerging logistics market in a developing country, our results reveals that the effects of technology on firm performance may differ depending on particular metrics of this performance. Furthermore, not all forms of innovation significantly affect SME performance. Control variables such as “firm’s age”, “firm’s size”, “state ownership”, “education of the manager” and “foreign activities” also play a significant role in SME performance, underscoring the importance of both internal capabilities and external technological elements.https://doi.org/10.18559/ebr.2024.4.1123firm performanceinnovationlogisticssupply chaintechnologyc31d04o30l25 |
| spellingShingle | Nguyen Thanh Tuan Bekrar Abdelghani Le Thi Muoi Artiba Abdelhakim Chargui Tarik Vo Thi Le Hoa Trinh Thi Thu Huong The effects of technology and innovation adoption on firm performance among small and medium enterprises: Evidence from Vietnam’s logistics sector Economics and Business Review firm performance innovation logistics supply chain technology c31 d04 o30 l25 |
| title | The effects of technology and innovation adoption on firm performance among small and medium enterprises: Evidence from Vietnam’s logistics sector |
| title_full | The effects of technology and innovation adoption on firm performance among small and medium enterprises: Evidence from Vietnam’s logistics sector |
| title_fullStr | The effects of technology and innovation adoption on firm performance among small and medium enterprises: Evidence from Vietnam’s logistics sector |
| title_full_unstemmed | The effects of technology and innovation adoption on firm performance among small and medium enterprises: Evidence from Vietnam’s logistics sector |
| title_short | The effects of technology and innovation adoption on firm performance among small and medium enterprises: Evidence from Vietnam’s logistics sector |
| title_sort | effects of technology and innovation adoption on firm performance among small and medium enterprises evidence from vietnam s logistics sector |
| topic | firm performance innovation logistics supply chain technology c31 d04 o30 l25 |
| url | https://doi.org/10.18559/ebr.2024.4.1123 |
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