Entrepreneurial characteristics and private firm performance in the Mekong river Delta
2016
Anh Tu Phan | Hong Diem Nguyen
This study investigates the impacts of entrepreneurial characteristics on firm performance, based on a survey of 807 private firms in 2004 and 2009 in Mekong River Delta (MRD) in Vietnam. Controlling for firm characteristics and industry characteristics, this study found that entrepreneurial characteristics are directly related to firm performance. Specifically, the results show that there is partial support for an inverted U-shaped relationship between tenure and firm performance. While entrepreneurs with higher education and higher levels of informal education are strongly associated with higher firm performance, entrepreneur’s risk-averse behaviour has no connection. The study reinforces the importance of entrepreneurs in private firms in the MRD in compared with the earlier empirical evidence and suggests further research in the future.
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