This paper investigates the impact of the institutional environment on fim growth in Vietnam. Using a fim-level dataset, the study obtains balanced panel data for 37,788 registered enterprises from a unique data set. It analyzes the effcts of institutional factors on fim growth using system GMM analysis. The study fids that in line with recent theoretical literature, institutional factors such as business support service, land access, time costs, and informal charges promote fim growth in terms of both employment and capital. This research also fids that the impact of institutional factors on fims’ capital growth is more signifiant.
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This paper investigates the impact of the institutional environment on fim growth in Vietnam. Using a fim-level dataset, the study obtains balanced panel data for 37,788 registered enterprises from a unique data set. It analyzes the effcts of institutional factors on fim growth using system GMM analysis. The study fids that in line with recent theoretical literature, institutional factors such as business support service, land access, time costs, and informal charges promote fim growth in terms of both employment and capital. This research also fids that the impact of institutional factors on fims’ capital growth is more signifiant.
