The Effects of Regional Governance, Education, and In-Migration on Business Performance


National institutional settings are important to small business performance. However, national institutions take time to change. So, is there any way to boost firm performance in ‘weak’ institutional environments? This study aims to answer this question by examining the role of local institutions represented by the quality of local governance, instead of the very broad national constitutional configurations. Moreover, it is suggested that regional human capital, whether locally built-up (through local education) or externally imported (through in-migrants) is able to strengthen the positive impacts of local governance on small business performance. A test on more than 1.3 million firm-year observations of Vietnamese small businesses confirms the moderating effects of education and in-migration on the relationship between local governance and firm performance.

Publication DOI:
Divisions: College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship
Additional Information: This is an Accepted Manuscript of an article published by Taylor & Francis Group in Kyklos on 12 Dec 2019, available online at:
Uncontrolled Keywords: Arts and Humanities (miscellaneous),Economics and Econometrics
Publication ISSN: 1467-6435
Last Modified: 27 Jun 2024 10:11
Date Deposited: 03 Oct 2019 10:53
Full Text Link:
Related URLs: https://onlinel ... 1111/kykl.12223 (Publisher URL)
http://www.scop ... tnerID=8YFLogxK (Scopus URL)
PURE Output Type: Article
Published Date: 2020-05-01
Published Online Date: 2019-12-12
Accepted Date: 2019-10-01
Authors: Nguyen, Bach (ORCID Profile 0000-0003-1527-7443)
Canh, Nguyen Phuc



Version: Accepted Version

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