Institutionalism and its effect on labour forecasting in Vietnamese firms

Abstract

This study examines factors that influence firm forecasting regarding their labour expansion in Vietnam. Conventional wisdom has it that foreign-owned and large private firms make more accurate forecasts since they have more resources and experience than their smaller and state-owned counterparts. However, this study empirically shows that state-owned and small firms make more accurate forecasting values. There are two possibilities that can explain this counterintuitive result: (1) the institutional incompleteness in the post-communist economy and (2) systematic underestimation of their own performance by foreign and large private firms, which results from the institutional complexity in Vietnam. These unique findings provide valuable information for both academia and practitioners.

Publication DOI: https://doi.org/10.1177/0306307020910287
Divisions: College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship
Additional Information: © Sage 2020. The final publication is available via Sage at http://dx.doi.org/10.1177/0306307020910287
Uncontrolled Keywords: Vietnam,institutional complexity,institutional theory,labour forecasting,post-communist,resource-based theory,Business, Management and Accounting (miscellaneous),Strategy and Management
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Related URLs: https://journal ... 306307020910287 (Publisher URL)
http://www.scop ... tnerID=8YFLogxK (Scopus URL)
PURE Output Type: Article
Published Date: 2020-10-05
Accepted Date: 2020-01-14
Authors: Nguyen, Bach (ORCID Profile 0000-0003-1527-7443)
Do, Hoa

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