Abstract

Using two waves (2013, 2015) of the Micro, Small, and Medium sized Enterprises (MSMEs) survey of Vietnamese manufacturing firms, this paper first explores what drives firms’ decision to have a domestic standards certificate, taking into account a rich number of factors related to the cost and expected benefits of certification as well as institutional factors. It further explores the presence of a positive and significant effect of domestic certificates on firm growth, testing whether these serve as signalling devices for desirable attributes under information asymmetry. Evidence is indeed found for a signalling effect of domestic standards certification, being stronger for female-run businesses. Results hold even when controlling for international certifications.

摘要

本文利用越南制造企业的微型，中小型企业（MSMEs）调查的两次浪潮（2013年，2015年），首先探讨了驱动企业决定获得国内标准证书的因素，并考虑了许多与认证成本和预期收益有关的因素以及机构因素。它进一步探讨了国内证书对公司成长的正面和重大影响，并测试这些证书是否充当信息不对称下理想属性的信号传递工具。实际上，已经找到证据证明了国内标准认证的信号作用，这对于女性经营的企业更为有效。即使控制国际认证，结果仍然成立。