Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/312834 
Year of Publication: 
2023
Citation: 
[Journal:] Journal of Productivity Analysis [ISSN:] 1573-0441 [Volume:] 60 [Issue:] 2 [Publisher:] Springer US [Place:] New York, NY [Year:] 2023 [Pages:] 203-226
Publisher: 
Springer US, New York, NY
Abstract: 
In this paper, we use a geoadditve Bayesian stochastic frontier analysis to empirically assess the impact of provincial-level financial development, corruption control, and their interaction on firm efficiency in Vietnam. Using panel data from more than 40,000 Vietnamese firms during 2006-2013, we find that financial development decreases firm efficiency, while corruption control promotes it. Moreover, financial development and corruption control interact positively in affecting firm efficiency. Our results imply that corruption control not only enhances firm efficiency directly by reducing unnecessary regulatory burdens, costs, and delays, but it also offsets potential inefficiencies that arise from increased financial development.
Subjects: 
Geoadditve Bayesian stochastic frontier analysis
Financial development
Corruption control
Firm efficiency
Vietnam
JEL: 
C11:D22
D73
G21
O43
O47
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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