This study explores the informal institutions in Vietnam and their impact on entrepreneurial orientation of Vietnamese small and medium enterprises (SMEs). A qualitative study was conducted through in-depth interviews with 21 SMEs in Hanoi2, Danang and Ho Chi Minh City. The research fidings suggest the important role of informal institutions in the context of Vietnam. Specifially, two main components of informal institutions, corruption and institutional trust, are found to have effcts on entrepreneurial orientation of SMEs. The research fidings are discussed and implications for SME managers and policy makers are provided.
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This study explores the informal institutions in Vietnam and their impact on entrepreneurial orientation of Vietnamese small and medium enterprises (SMEs). A qualitative study was conducted through in-depth interviews with 21 SMEs in Hanoi2, Danang and Ho Chi Minh City. The research fidings suggest the important role of informal institutions in the context of Vietnam. Specifially, two main components of informal institutions, corruption and institutional trust, are found to have effcts on entrepreneurial orientation of SMEs. The research fidings are discussed and implications for SME managers and policy makers are provided.
