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The effect of social capital on innovation of small and medium-sized enterprises in Vietnam

(A thesis submitted in partial fulfilment of the requirements for the degree of MASTER OF ARTS IN DEVELOPMENT ECONOMICS, VIETNAM – THE NETHERLANDS PROGRAMME FOR M.A IN DEVELOPMENT ECONOMICS)

By Hoang Duy Khoa (VNP 20)

Academic Supervisor: Dr. Le Van Chon 

ABSTRACT

In this context, social capital is used as a significant resources in most of SMEs activities in general and innovation process in particular. The relationship between social capital and innovation has been examined by many authors in many countries. However, there has been very little research about this issue in Vietnam. This paper aims to ascertain the consequentiality effect of social capital on the innovation by utilizing the multinomial logit model while measuring innovation of Vietnamese SMEs. The positive relations between the social networks of enterprises and the innovation activities which is evidenced by previous literature again presented in this study. In addition, we also find some factors which affect innovation, since the policy makers will be able to motivate the economy development by implementing the innovation support's policies

Keywords: product innovation, social capital, SMEs, Vietnam, multinomial logit model.

Abbreviations: SME - Small and medium-sized enterprises,  PPF -Production–possibility frontier, OLS - Ordinary least squares, MNL - Multinomial logit model, SOEs - State-owned enterprises, MIT - Ministry of Industry and Trade.

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Full version is available at Library of Vietnam- Netherland Progamme: 1A Hoang Dieu, Phu Nhuan Dist, Ho Chi Minh city, Vietnam.