Getting bank financing: A study of Vietnamese private firms

Autor:	Ngoc T. B. Le, Thang V. Nguyen, Sundar Venkatesh
Rok vydání:	2006
Předmět:	Finance business.industry Strategy and Management Vietnamese Economics Econometrics and Finance (miscellaneous) Sample (statistics) language.human_language Business data Property rights Economics language Business and International Management business Management practices Legitimacy
Zdroj:	Asia Pacific Journal of Management. 23:209-227
ISSN:	1572-9958 0217-4561
DOI:	10.1007/s10490-006-7167-8
Popis:	Private firms in transition economies are operating in an extremely uncertain environment, with underdeveloped market institutions, poorly defined property rights, and absence of reliable business data. This raises a very basic question of how owners of these firms persuade bankers to make much needed loans. This study employs an institutional perspective and argues that firms' legitimacy positively influences their accessibility to bank financing. Specifically, this study develops a model that links networking, professional management practices, and growth stage with bank financing and tests that model using a sample of Vietnamese private firms. The results support the hypotheses that growth stage and networking greatly influence firms' accessibility to bank financing, and that the impact of networking on financing is contingent on the growth stage.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::48b8a0545b4cc150dc7fc0c828450a23 https://doi.org/10.1007/s10490-006-7167-8 Zobrazit plný text záznamu Plný text ve formátu PDF