Abstract
This research aims to investigate the determinants of business performance in Vietnam small and medium sized firms. The study employs a sample of 100 construction-listed enterprises in the Vietnam Stock Market. The author collects data on time series of October 2020 based on the financial statement and annual reports of the Vietnam construction listed companies. The survey data are collected by email and internet sources. This study also identifies the factors that affect the business performance enterprises in Vietnam. The author processed data via STATA 14.0 and SPSS 20.0 software. The research results indicate that (1) government support policies, (2) education level of enterprises owner, (3) enterprises scale, (4) society relationships of enterprises and (5) revenue growth rate affect the business performance of construction- listed enterprises in Vietnam. In addition, the government support policies, education level of enterprises owner, enterprises scale, society relationships of enterprises and revenue growth rate have positive impact on business performance of the Vietnam Construction Listed Companies. In which, education level of enterprises owner and government support policies have mostly positive impacts on business performance. The findings of this study also suggest that the education level of enterprise owners is the highest impact to business performance of the construction- listed firm in Vietnam.
Highlights
Speaking of small and medium-sized Enterprises (SMEs) refers to the ability to create jobs and income, improve business management skills, and promote entrepreneurship and creativity
For Vietnam, the development of the current Vietnam Construction- Listed Enterprises (VCLE) does not fully meet the requirements of socio-economic development; VCLE often operates with the goal of introverting, within a small space
The author expects that the concerned departments and agencies will soon implement action programs to develop VCLE, contributing to the country's socio-economic development
Summary
Speaking of SMEs refers to the ability to create jobs and income, improve business management skills, and promote entrepreneurship and creativity. SMEs help build a flexible industrial production system, with close links, exploiting and mobilizing all potentials of localities, creating a healthier competitive market and there are positive spillover effects on the economy. Promoting the development of SMEs is considered an effective means to mobilize capital as well as other resources for production and business activities, contributing to economic growth and stability socialization. In the context of today's fiercely competitive market, in order to survive and grow, Es needs to be proactive and actively seek ways to increase profits in a reasonable manner. Profitability is the deciding factor that helps managers develops an effective profitability strategy for ES
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