2.2. Related Empirical Studies 2.2.

2.2. Related Empirical Studies
2.2.1. The study “Determinants for Small and Medium Enterprise development in
Vietnam. Quantitative analysis from DANIDA’s survey data 2005-2009” by Trinh Duc
Chieu, Tran Tien Cuong, Bui Van Dung, Pham Duc Trung, Nguyen Thi Luyen, Nguyen
Kim Anh (2010), Ministerial level research project (report):
The study of Trinh Duc Chieu et al., (2010) shows that the development of SMEs is
determined by several factors such as land (production premises), taxes and fees, capital
(finance), human resource, technology, market and the business environment. Capital is
among the factors which significantly and usually affect the business operations of SMEs,
because they have difficulty in accessing finance, particularly medium- and long-term
loans. This difficulty is caused by both the SMEs and the financial institutions. On the one
hand, the limitation of their labor force and their ability leads SMEs to find it difficult to
prepare investment projects and business development plans which could persuade banks
and financial institutions to grant loans. On the other hand, many banks are fearful of
giving loans to SMEs because their loan-financed projects are largely small-scale, with
higher risks than those of large enterprises, and procedure fees are also high. The rejection
of SMEs’ loan requests rests on the following grounds: (i) riskiness (especially for young
SMEs, with insufficiently credible credit profile); (ii) larger transaction costs than those of
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large enterprises; (iii) lack of collateral; and (iv) insufficient accounting record of loan
applicants.
In addition, the SMEs are frequently small -sized, so the opportunity of mobilizing
equity capital is limited, thereby affecting their development. The research team applied
binary logistic regression to evaluate the policy impact. The result of estimation shows that
capital (ability to access credit: formal loans, interest rates) and the 3 factor groups –
namely human resources, market and business environment - have significant impacts on
revenue growth of the sampled SMEs.
The focus of this study is to understand SMEs' access to finance in Vietnam. It also
intends to elaborate upon th e two points, namely the extent to which SMEs are
systematically disadvantaged and rationed with respect to external financing, and the
characteristics of SMEs that contribute to high performance, which in turn facilitates
access to finance.
The research team conducted questionnaire surveys among SMEs in different
provinces and cities of Vietnam, and among financial institutions of which the
headquarters are mostly located in Hanoi. The questionnaires were formally designed by
ERIA for all the economies participating in this project, and the research team added some
more content in accordance with the characteristics of Vietnam’s enterprises for
convenience during the survey.
A list of 200 enterprises was chosen using simple sample selection methodology.
These enterprises represent three specific geographical areas of Vietnam (the north, the
south and the centre) where there are massive enterprises operating in textiles and
garments, automotive parts, and components (including motorbikes), and electrical and
electronics. Ha Noi, Bac Ninh, Bac Giang, Dong Nai, Binh Duong, and Da Nang were the
provinces and cities selected for the study. Additionally, some enterprises from other
sectors were selected to compare with the above counterparts. Some enterprises were also
studied in depth so as to understand the issue.
The selected enterprises exhibit different forms of ownership, namely private
enterprises, limited liability enterprises, join-stock companies, and foreign-invested
enterprises. Such diversity leads to an objective and complete understanding of the reality
of production networks of enterprises.
52
2.2.2. The study “Factors Affecting Business Success of Small & Medium
Enterprises (SMEs) in Thailand” by Chuthamas Chittithaworn (2009) - School of
Business Innovation and Technopreneurship, University Malaysia Perlis, Malaysia:
This study attempted to identify factors that are affecting business success of small
and medium enterprises (SMEs) in Thailand. The intention of this study is to provide the
understanding on how people should start their business by looking at all the factors
affecting business success hence help to reduce the risk of failure and increase chances of
success.
The study examined eight factors that influence the SMEs business success. These
factors are: SMEs characteristic, management and know-how, products and services,
Customer and Market, the way of doing business and cooperation, resources and finance,
Strategy, and external environment. The theoretical framework has been drawn out and
questionnaire was designed based on the factors chosen. Eight hypotheses were developed
to find out factors that are affecting Business Success of SMEs in Thailand. The entire
hypotheses were successfully tested with SPSS and five hypotheses were accepted. A total
200 sets hardcopy and softcopy of questionnaires were distributed to selected respondents,
The regression analysis result shown that the most significant factors affecting business
success of SMEs in Thailand were SMEs characteristics, customer and market, the way of
doing business, resources and finance, and external environment.
The purpose of this study was to identify the factors affecting the business success
in small and medium sized enterprises in Thailand. A major implication for the findings is
that these findings will able to give better understanding for entrepreneurs and business
owners in addressing the factors which will significantly affect the business success in
SME. The study of the factors affecting business success of SMEs is critical in
understanding the business continuity and growth hence help supporting economics
development within a country. The results of this study can also be used as reference for
anyone who is interested to start their own business which will provide insights into
decision making in starting a business and also for any companies which are interested to
continue to sustain and grow.
To achieve business success, many factors should be optimal simultaneously, since
SMEs success is a multidimensional phenomenon. The results show that customer and
market, and resources and finance played an important role in ensuring the SMEs business
success in Thailand. Innovative product, quality, cost, reliability, and services are the key
strategic dimension in business success. Innovative product gives added value to the
53
customer and it is important to achieve a suitable balance between product quality and
costs.
External environment factor play a very important role as well for firm success.
Social network, government support, and legality, are the key strategic dimension in
external environment in business success. Networks represent a means for entrepreneurs to
reduce risks and transaction costs and also to improve access to business ideas, knowledge
and capital. A social network consists of a series of formal and informal ties between the
central actor and other actors in a circle of acquaintances and represents channels through
which entrepreneurs get access to the necessary resources for business start-up, growth and
success (Kristiansen, 2003). In developing areas, satisfactory government support has been
shown to be important for small firm success (Yusuf 1995). In many cases, dealing with
legal aspects has forced the SMEs to allocate significant amount of financial resources due
to bribery practices. Legal aspect is often also used in selection operating decision in order
to ensure future business success (Mazzarol & Choo, 2003)

Kết quả (Việt) 1:

2.2. liên quan đến nghiên cứu thực nghiệm 2.2.1. nghiên cứu "yếu tố quyết định cho vừa và nhỏ doanh nghiệp phát triển trong Việt Nam. Phân tích định lượng từ các dữ liệu khảo sát của DANIDA 2005-2009" bởi Đức Trinh Chiêu, trần tiến cường, Bùi Văn Dũng, Pham Duc Trung, Nguyễn thị Luyen, Nguyễn Kim Anh (2010), Ministerial cấp dự án nghiên cứu (báo cáo):Nghiên cứu của Trinh Duc Chieu et al., (2010) cho thấy rằng sự phát triển của DNN & v là xác định bởi một số yếu tố như đất (sản xuất tại chỗ), thuế và lệ phí, thủ đô (tài chính), nguồn nhân lực, công nghệ, thị trường và môi trường kinh doanh. Thủ phủ là trong số các yếu tố đáng kể và thường ảnh hưởng đến hoạt động kinh doanh của DNN & v, bởi vì họ gặp khó khăn trong truy cập tài chính, đặc biệt là phương tiện truyền thông - và dài hạn khoản vay. Khó khăn này là do các DNVVN và các tổ chức tài chính. Trên một bàn tay, các giới hạn của lực lượng lao động của họ và khả năng dẫn DNVVN để tìm thấy nó khó khăn để chuẩn bị dự án đầu tư và kế hoạch phát triển kinh doanh có thể thuyết phục ngân hàng và các tổ chức tài chính cấp khoản vay. Mặt khác, nhiều ngân hàng đang sợ hãi của cho vay để DNVVN vì dự án tài trợ cho vay của họ chủ yếu quy mô nhỏ, với các rủi ro cao hơn so với những người của các doanh nghiệp lớn, và thủ tục lệ phí cũng là cao. Từ chối DNN cho vay yêu cầu dựa trên các căn cứ sau: (i) riskiness (đặc biệt là cho trẻ DNVVN, với hồ sơ tín dụng không đáng tin cậy); (ii) chi phí giao dịch lớn hơn so với những người của 51Các doanh nghiệp lớn; (iii) thiếu tài sản thế chấp; và (iv) không đủ hồ sơ kế toán cho vay người nộp đơn.Ngoài ra, các DNVVN là thường xuyên nhỏ - kích thước, do đó cơ hội của việc huy động vốn chủ sở hữu vốn là hạn chế, do đó ảnh hưởng đến sự phát triển. Nhóm nghiên cứu áp dụng hồi quy logistic nhị phân để đánh giá những tác động chính sách. Kết quả dự toán cho thấy rằng thủ đô (khả năng truy cập tín dụng: chính thức cho vay, lãi suất) và các nhóm 3 yếu tố-cụ thể là nguồn nhân lực, thị trường và môi trường kinh doanh - có tác động đáng kể trên tăng trưởng doanh thu của các DNN & v lấy mẫu.Trọng tâm của nghiên cứu này là để hiểu DNN quyền truy cập vào tài chính tại Việt Nam. Nó cũngdự định xây dựng on th e hai điểm, cụ thể là trong phạm vi mà DNN & vcó hệ thống hoàn cảnh khó khăn và phối đối với tài chính bên ngoài, và cácđặc điểm của DNN & v đóng góp cho hiệu suất cao, mà lần lượt tạo điều kiện cho truy cập vào tài chính.Nhóm nghiên cứu tiến hành cuộc điều tra bảng câu hỏi trong lĩnh vực DNNVV trong khác nhau tỉnh và thành phố của Việt Nam, và trong số các tổ chức tài chính trong đó các trụ sở chính chủ yếu nằm ở Hà Nội. Các câu hỏi đã chính thức được thiết kế bởi ERIA cho tất cả các nền kinh tế tham gia vào dự án này, và nhóm nghiên cứu thêm một số Thêm nội dung phù hợp với các đặc tính của các doanh nghiệp Việt Nam cho convenience during the survey.A list of 200 enterprises was chosen using simple sample selection methodology.These enterprises represent three specific geographical areas of Vietnam (the north, thesouth and the centre) where there are massive enterprises operating in textiles andgarments, automotive parts, and components (including motorbikes), and electrical and electronics. Ha Noi, Bac Ninh, Bac Giang, Dong Nai, Binh Duong, and Da Nang were theprovinces and cities selected for the study. Additionally, some enterprises from othersectors were selected to compare with the above counterparts. Some enterprises were alsostudied in depth so as to understand the issue.The selected enterprises exhibit different forms of ownership, namely privateenterprises, limited liability enterprises, join-stock companies, and foreign-investedenterprises. Such diversity leads to an objective and complete understanding of the realityof production networks of enterprises. 522.2.2. The study “Factors Affecting Business Success of Small & Medium Enterprises (SMEs) in Thailand” by Chuthamas Chittithaworn (2009) - School of Business Innovation and Technopreneurship, University Malaysia Perlis, Malaysia:This study attempted to identify factors that are affecting business success of small and medium enterprises (SMEs) in Thailand. The intention of this study is to provide the understanding on how people should start their business by looking at all the factors affecting business success hence help to reduce the risk of failure and increase chances of success. The study examined eight factors that influence the SMEs business success. Thesefactors are: SMEs characteristic, management and know-how, products and services, Customer and Market, the way of doing business and cooperation, resources and finance, Strategy, and external environment. The theoretical framework has been drawn out and questionnaire was designed based on the factors chosen. Eight hypotheses were developed to find out factors that are affecting Business Success of SMEs in Thailand. The entire hypotheses were successfully tested with SPSS and five hypotheses were accepted. A total 200 sets hardcopy and softcopy of questionnaires were distributed to selected respondents, The regression analysis result shown that the most significant factors affecting business success of SMEs in Thailand were SMEs characteristics, customer and market, the way of doing business, resources and finance, and external environment.The purpose of this study was to identify the factors affecting the business success in small and medium sized enterprises in Thailand. A major implication for the findings is that these findings will able to give better understanding for entrepreneurs and business owners in addressing the factors which will significantly affect the business success in SME. The study of the factors affecting business success of SMEs is critical in understanding the business continuity and growth hence help supporting economics development within a country. The results of this study can also be used as reference for anyone who is interested to start their own business which will provide insights into decision making in starting a business and also for any companies which are interested tocontinue to sustain and grow.To achieve business success, many factors should be optimal simultaneously, since SMEs success is a multidimensional phenomenon. The results show that customer and market, and resources and finance played an important role in ensuring the SMEs business success in Thailand. Innovative product, quality, cost, reliability, and services are the keystrategic dimension in business success. Innovative product gives added value to the 53customer and it is important to achieve a suitable balance between product quality and costs.External environment factor play a very important role as well for firm success. Social network, government support, and legality, are the key strategic dimension in external environment in business success. Networks represent a means for entrepreneurs to reduce risks and transaction costs and also to improve access to business ideas, knowledge and capital. A social network consists of a series of formal and informal ties between thecentral actor and other actors in a circle of acquaintances and represents channels through which entrepreneurs get access to the necessary resources for business start-up, growth and success (Kristiansen, 2003). In developing areas, satisfactory government support has been shown to be important for small firm success (Yusuf 1995). In many cases, dealing with legal aspects has forced the SMEs to allocate significant amount of financial resources due to bribery practices. Legal aspect is often also used in selection operating decision in order to ensure future business success (Mazzarol & Choo, 2003)