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

本文利用对越南制造企业的微型、小型和中型企业 (MSME) 调查的两波（2013 年、2015 年）调查，首先探讨了推动企业决定拥有国内标准证书的因素，同时考虑了大量的与认证的成本和预期收益以及制度因素有关的因素。它进一步探讨了国内证书对公司增长的积极和显着影响的存在，测试这些证书是否可以作为信息不对称下理想属性的信号装置。确实发现了国内标准认证的信号效应的证据，对女性经营的企业来说更强大。即使在控制国际认证时，结果也成立。