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The Benefits of Formalization: Evidence from Vietnamese Manufacturing SMEs

Rand, John ; Torm, Nina

World Development, May, 2012, Vol.40(5), p.983(16) [Periódico revisado por pares]

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  • Título:
    The Benefits of Formalization: Evidence from Vietnamese Manufacturing SMEs
  • Autor: Rand, John ; Torm, Nina
  • Assuntos: Small And Medium Sized Companies
  • É parte de: World Development, May, 2012, Vol.40(5), p.983(16)
  • Descrição: To link to full-text access for this article, visit this link: http://dx.doi.org/10.1016/j.worlddev.2011.09.004 Byline: John Rand, Nina Torm Keywords: formality; employment; Vietnam Abstract: Based on unique panel data consisting of both formal and informal firms, this paper uses a matched double difference approach to examine the relationship between legal status and firm level outcomes in micro, small and medium manufacturing enterprises (SMEs) in Vietnam. Controlling for determining factors and observable time-variant factors that may simultaneously influence the decision to formalize and subsequent firm performance, we find evidence that becoming officially registered leads to an increase in profits and investments, and a decrease in the use of casual labor (improved contract conditions for workers). Thus, we conclude that formalizing is beneficial both to firms and the workers in these firms. Author Affiliation: University of Copenhagen, Denmark Article History: Accepted 16 September 2011
  • Idioma: English

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