Certification and Business Risk
Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review
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Certification and Business Risk. / Trifkovic, Neda.
Micro, Small and Medium Enterprises in Vietnam. ed. / John Rand; Finn Tarp. Oxford University Press, 2020. p. 185-207 (WIDER Studies in Development Economics).Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review
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TY - CHAP
T1 - Certification and Business Risk
AU - Trifkovic, Neda
PY - 2020
Y1 - 2020
N2 - This chapter investigates the scope for international private standards to play a role in reducing business risk among the small and medium enterprises in Vietnam. Business risk is measured as variability in revenue, variability in customer base, practice of making informal payments, and temporary firm closure. The results show lower levels of business risk among certified firms, especially for firms in the middle deciles of the risk distribution. This finding is robust to the use of different business risk measures. Certification also correlates negatively with risk for technologically advanced firms, as well as firms located in rural areas and northern provinces of Vietnam. The results suggest that firms could find protection from business downsides by investing in internationally recognized quality management tools.
AB - This chapter investigates the scope for international private standards to play a role in reducing business risk among the small and medium enterprises in Vietnam. Business risk is measured as variability in revenue, variability in customer base, practice of making informal payments, and temporary firm closure. The results show lower levels of business risk among certified firms, especially for firms in the middle deciles of the risk distribution. This finding is robust to the use of different business risk measures. Certification also correlates negatively with risk for technologically advanced firms, as well as firms located in rural areas and northern provinces of Vietnam. The results suggest that firms could find protection from business downsides by investing in internationally recognized quality management tools.
KW - Faculty of Social Sciences
KW - Vietnam
KW - business risk
KW - small and medium enterprises
KW - technologically advanced
KW - rural
U2 - 10.1093/oso/9780198851189.003.0009
DO - 10.1093/oso/9780198851189.003.0009
M3 - Book chapter
SN - 9780198851189
T3 - WIDER Studies in Development Economics
SP - 185
EP - 207
BT - Micro, Small and Medium Enterprises in Vietnam
A2 - Rand, John
A2 - Tarp, Finn
PB - Oxford University Press
ER -
ID: 234348092