Open Access Journal Article

Globalization and innovation: Evidence from Vietnamese small and medium sized enterprises

by Ba Hoang Nguyen a orcid ,  Ho Hoang Gia Bao a orcid ,  Hoang Phong Le a,* orcid ,  Tram B.T. Tran a orcid  and  Thanh An Vu a orcid
a
Department of Finance and Accounting Management, Ho Chi Minh City University of Law, Ho Chi Minh City, Vietnam
*
Author to whom correspondence should be addressed.
EAL  2023 2(4):38; https://doi.org/10.58567/eal02040004
Received: 24 June 2023 / Accepted: 24 July 2023 / Published Online: 26 July 2023
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Abstract

The purpose of this research is to investigate how globalization affects innovation in Vietnam’s small and medium sized enterprises (SMEs). Utilizing Probit model and the data from Vietnam’s SMEs Survey during the period 2005-2015, the research examines the micro and macro effects of globalization on the innovation of these businesses. The main results show that at macro level, globalization is negatively correlated with innovation. However, at micro level, increasing competition pressure and knowledge transfer due to globalization are positively correlated with innovation of Vietnam’s SMEs.

Keywords: Globalization; innovation, Vietnam’s SMEs;
Copyright: © 2023 by Nguyen, Bao, Le, Tran and Vu. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

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ACS Style
Nguyen, B. H.; Bao, H. H. G.; Le, H. P.; Tran, T. B.; Vu, T. A. Globalization and innovation: Evidence from Vietnamese small and medium sized enterprises. Economic Analysis Letters, 2023, 2, 38. https://doi.org/10.58567/eal02040004
AMA Style
Nguyen B H, Bao H H G, Le H P, Tran T B, Vu T A. Globalization and innovation: Evidence from Vietnamese small and medium sized enterprises. Economic Analysis Letters; 2023, 2(4):38. https://doi.org/10.58567/eal02040004
Chicago/Turabian Style
Nguyen, Ba H.; Bao, Ho H. G.; Le, Hoang P.; Tran, Tram B.; Vu, Thanh A. 2023. "Globalization and innovation: Evidence from Vietnamese small and medium sized enterprises" Economic Analysis Letters 2, no.4:38. https://doi.org/10.58567/eal02040004
APA style
Nguyen, B. H., Bao, H. H. G., Le, H. P., Tran, T. B., & Vu, T. A. (2023). Globalization and innovation: Evidence from Vietnamese small and medium sized enterprises. Economic Analysis Letters, 2(4), 38. https://doi.org/10.58567/eal02040004

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