Nguyen Son Kien, Vo Xuan Vinh, Vo Thi Minh Tuyet
Institute of Business Research, University of Economics Ho Chi Minh City, Viet Nam.
Institute of Business Research and CFVG, University of Economics Ho Chi Minh City, Viet Nam.
Heliyon. 2020 Apr 27;6(4):e03788. doi: 10.1016/j.heliyon.2020.e03788. eCollection 2020 Apr.
This research investigates the join effects of political network and innovation strategies on corporate profitability. By using the qualified survey sample of over 2600 firms, located in around 10 provinces of Vietnam, during the 10 year from 2005 to 2015 of UN-WIDER, the results reveal that the political network, estimated from number of political connection and the time of interaction, has significantly mitigated the innovative activities' inefficiency toward firm's performance that it can positively foster the innovative capacity, then encourage more profit margin. However, the study figured out that innovative activities by itself, in the small-medium enterprise, is not good for corporate performance even three different aspects of new products, improvement, or new technology. Indeed, this issue is also the same for political connection as increasing more number of political contacts or time of interaction, the firm's value will be more detrimental.
本研究考察了政治网络与创新战略对企业盈利能力的联合影响。通过使用联合国世界发展经济学研究院（UN-WIDER）在2005年至2015年这10年间，对越南约10个省份的2600多家企业进行的合格调查样本，结果显示，从政治联系数量和互动时间估算得出的政治网络，显著减轻了创新活动对企业绩效的低效影响，它能够积极促进创新能力，进而提高利润率。然而，研究发现，就中小企业而言，即使是新产品、改进或新技术这三个不同方面的创新活动本身，对企业绩效也并无益处。事实上，政治联系方面也是如此，增加更多的政治联系或互动时间，对企业价值将更具损害性。
