Association of Innovation and Entrepreneurial Orientation on SME Performance: The Case of Soc Trang Province Vietnam

Authors

  • Tu Van Binh University of Economics, Ho Chi Minh City and CFVG, Vietnam.
  • Ngo Giang Thy Nguyen Tat Thanh University, Vietnam.
  • Pham Minh Vu University of Economics, Ho Chi Minh City and CFVG, Vietnam.
  • Huynh Dang Khoa University of Economics, Ho Chi Minh City, Vietnam.
  • Nguyen Dinh Thong University of Economics, Ho Chi Minh City, Vietnam.

DOI:

https://doi.org/10.18488/11.v11i2.3051

Abstract

Quantitative results derived by Extended Ordered Probit Model on 91 SMEs in Soc Trang province show the influential role of innovation and entrepreneurial orientation on the sales growth of enterprises. These two factors confirm their association is indispensable in the development of enterprises. In addition, the results also provide information on the significant contribution of endogenous variables in the model. Of which the application of information technology (IT) in the organizational administration is endogenous and contributes significantly to innovation and entrepreneurial orientation on SMEs performance, which the older SMEs are, the more interested they are in applying IT in the organizational administration. The finding is an important message for local SMEs who need to rethink the application of IT systems to corporate governance. It is also very useful reference information for local policymakers to create an approach that supports SMEs in developing innovation strategies and entrepreneurial orientation toward market integration.

Keywords:

Innovation, Entrepreneurial orientation, Governor, SMEs.

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Published

2022-07-01

How to Cite

Binh, T. V. ., Thy, N. G. ., Vu, P. M. ., Khoa, H. D. ., & Thong, N. D. . (2022). Association of Innovation and Entrepreneurial Orientation on SME Performance: The Case of Soc Trang Province Vietnam . International Journal of Management and Sustainability, 11(2), 92–102. https://doi.org/10.18488/11.v11i2.3051

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Articles