The Impact of Technological Innovation on the Performance of Vietnamese Firms

Document Type : Research Paper

Authors

School of Banking and Finance, National Economics University, Hanoi, Vietnam

Abstract

Technological innovation applied in production processes, product quality, and new product expansion contributes to changing firm performance. Thus, this study was conducted to investigate the impact level of technological innovation on financial performance of Vietnamese firms. Data was collected from 8,960 firms for the period of 2015-2018. Pooled OLS, FEM, and REM were employed for processing data. The results showed that there was not enough evidence to state that technological innovation influences firm performance of small and medium firms but significant impacts were found on the performance of medium and large firms. The findings also illustrated that regional determinants affect technological innovation of firms in emerging countries in general and in Vietnam in particular. The results of this research imply that successful firms are constantly creating and distributing new technological innovation and rapidly applying it to new technologies and products to have a better performance.

Keywords

Main Subjects


Article Title [Persian]

اثر نوآوری فناورانه بر عملکرد شرکت های ویتنامی

Authors [Persian]

  • هونگ نونگ دو
  • لین چی دو
  • مان دونگ تران
  • آن توان داو
  • تای توی یونگ تران
دانشکده بانکداری و سرمایه گذاری، دانشگاه ملی اقتصاد، هانوی، ویتنام
Abstract [Persian]

نوآوری فناورانه اعمال شده در فرایندهای تولید، کیفیت محصول، و توسعه محصول جدید در تغییر عملکرد شرکت نقش دارد. بنابراین، این مطالعه به منظور بررسی میزان اثرگذاری نوآوری فناورانه بر عملکرد مالی شرکت های ویتنامی انجام گرفت. داده ها از 8960 شرکت بین سالهای 2015 تا 2018 جمع آوری شدند. از ادغام روشهای او ال اس، اف ای ام، و آر ای ام برای پردازش داده ها استفاده شد. نتایج نشان دادند که شواهد کافی برای تایید اثرگذاری نوآوری فناوری بر عملکرد شرکت های کوچک و متوسط وجود نداشت، اما اثر معناداری بر عملکرد شرکت های متوسط و بزرگ یافت شد. یافته ها همچنین نشان دادند که عوامل منطقه ای بر نوآوری فناورانه شرکت ها در کشورهای در حال توسعه به شکل عام و در ویتنام به شکل خاص اثرگذارند. نتایج این تحقیق بیان می دارند که شرکت های موفق همواره در حال تولید و عرضه نوآوری های فناورانه جدید هستند و به سرعت این نوآوری ها را در فناوری ها و محصولات جدید به کار می گیرند تا عملکرد بهتری داشته باشند.

Keywords [Persian]

  • نوآوری فناورانه
  • عملکرد
  • ظرفیت فناورانه
  • ظرفیت مالی
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