Does Managerial Capital also Matter Among Micro and Small Firms in Developing Countries?

No DT/2016/12, Working Papers from DIAL (Développement, Institutions et Mondialisation)

Abstract: The lack of managerial capital was recently put forward as a constraint for developing countries firms (Bruhn et al., 2010). While established for large and medium firms, its importance for micro enterprises has yet to be proven: evidence found in Development Economics and Entrepreneurial Studies is, at best, mixed. This paper uses a panel of Vietnamese micro, small and medium enterprises to investigate this question in a comparative manner. The data let building a multidimensional measure of Managerial Capital, and allows consistent estimates of firm-level productivity. Even though bias might still affect the estimation of the average influence of managerial capital on productivity, I am able to show that this influence is as important for micro firms as it is for medium ones.

Keywords: informal sector; microenterprises; household business; managerial capital; entrepreneurship (search for similar items in EconPapers)
JEL-codes: M1 O17 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2016-10
New Economics Papers: this item is included in nep-cse, nep-ent and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:dia:wpaper:dt201612

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