References
- Aitken, B. J., & Harrison, A. E. (1999). Do domestic firms benefit from direct foreign investment? Evidence from Venezuela. American Economic Review, 89(3), 605–618. https://doi.org/https://doi.org/10.1257/aer.89.3.605
- Akbari, M., & Ha, N. (2020). Impact of additive manufacturing on the Vietnamese transportation industry: An exploratory study. The Asian Journal of Shipping and Logistics, 36(2), 78–88. https://doi.org/https://doi.org/10.1016/j.ajsl.2019.11.001
- Baark, E. (2016). Innovation system reform in Indonesia and Vietnam: A new role for universities? STI Policy and Management Journal, 1(1). https://doi.org/https://doi.org/10.14203/STIPM.2016.53
- Barker, T., & Üngör, M. (2019). Vietnam: The next Asian Tiger? North American Journal of Economics and Finance, 47, 96–118. https://doi.org/https://doi.org/10.1016/j.najef.2018.11.010
- Bellemare, M. F., Masaki, T., & Pepinsky, T. B. (2017). Lagged explanatory variables and the estimation of causal effect. The Journal of Politics, 79(3), 949–963. https://doi.org/https://doi.org/10.1086/690946
- Bliss, R. T., & Potter, M. E. (2002). Mutual fund managers: Does gender matter? The Journal of Business and Economic Studies, 8(1), 1.
- Borisova, G., & Brown, J. R. (2013). R&D sensitivity to asset sale proceeds: New evidence on financing constraints and intangible investment. Journal of Banking & Finance, 37(1), 159–173. https://doi.org/https://doi.org/10.1016/j.jbankfin.2012.08.024
- Brahmbhatt, M., & Hu, A. (2007). Ideas and innovation in East Asia. The World Bank.
- Branch, B. (1974). Research and development activity and profitability: A distributed lag analysis. Journal of Political Economy, 82(5), 999–1011. https://doi.org/https://doi.org/10.1086/260252
- Cardinal, L. B. (2001). Technological innovation in the pharmaceutical industry: The use of organizational control in managing research and development. Organization Science, 12(1), 19–36. https://doi.org/https://doi.org/10.1287/orsc.12.1.19.10119
- Cho, M. H. (1998). Ownership structure, investment, and the corporate value: An empirical analysis. Journal of Financial Economics, 47(1), 103–121. https://doi.org/https://doi.org/10.1016/S0304-405X(97)00039-1
- Connolly, R. A., & Hirschey, M. (2005). Firm size and the effect of R&D on Tobin's q. R&D Management, 35(2), 217–223. https://doi.org/https://doi.org/10.1111/j.1467-9310.2005.00384.x
- Dobrzanski, P., & Bobowski, S. (2020). The efficiency of R&D expenditures in ASEAN Countries. Sustainability, 12(7), 2686. https://doi.org/https://doi.org/10.3390/su12072686
- Eberhart, A. C., Maxwell, W. F., & Siddique, A. R. (2004). An examination of long-term abnormal stock returns and operating performance following R&D increases. The Journal of Finance, 59(2), 623–650. https://doi.org/https://doi.org/10.1111/j.1540-6261.2004.00644.x
- Ehie, I. C., & Olibe, K. (2010). The effect of R&D investment on firm value: An examination of US manufacturing and service industries. International Journal of Production Economics, 128(1), 127–135. https://doi.org/https://doi.org/10.1016/j.ijpe.2010.06.005
- Erhardt, N. L., Werbel, J. D., & Shrader, C. B. (2003). Board of director diversity and firm financial performance. Corporate Governance: An International Review, 11(2), 102–111. https://doi.org/https://doi.org/10.1111/1467-8683.00011
- Filatotchev, I., & Piesse, J. (2009). R&D, internationalization and growth of newly listed firms: European evidence. Journal of International Business Studies, 40(8), 1260–1276. https://doi.org/https://doi.org/10.1057/jibs.2009.18
- Ford, R. C., & Richardson, W. D. (1994). Ethical decision making: A review of the empirical literature. Journal of Business Ethics, 13(3), 205–221. https://doi.org/https://doi.org/10.1007/BF02074820
- Grabowski, H. G., & Mueller, D. C. (1978). Industrial research and development, intangible capital stocks, and firm profit rates. The Bell Journal of Economics, 328–343. https://doi.org/https://doi.org/10.2307/3003585
- Griliches, Z. (1986). Productivity, R&D, and basic research at the firm level in the 1970s. American Economic Review, 76, 141–154. https://www.jstor.org/stable/1804132
- Hartmann, G. C., Myers, M. B., & Rosenbloom, R. S. (2006). Planning your firm's R&D investment. Research-Technology Management, 49(2), 25–36. https://doi.org/https://doi.org/10.1080/08956308.2006.11657366
- Jensen, J. B., McGuckin, R. H., & Stiroh, K. J. (2001). The impact of vintage and survival on productivity: Evidence from cohorts of US manufacturing plants. Review of Economics and Statistics, 83(2), 323–332. https://doi.org/https://doi.org/10.1162/00346530151143851
- Kim, W. J., Hoi, J., Tuan, T. V., Trung, L. N., & N, N. (2019). R&D, training and accessibility to finance for innovation: A case of Vietnam, the country in transition. Asian Journal of Technology Innovation, 27(2), 172–193. https://doi.org/https://doi.org/10.1080/19761597.2019.1618720
- Kim, H., Kim, Y., & Cho, K. (2014). The effect of research and development investment and desorptive capacity on firm performance. Asian Journal of Technology Innovation, 22(2), 252–267. https://doi.org/https://doi.org/10.1080/19761597.2014.973163
- Kim, W. S., Park, K., Lee, S. H., & Kim, H. (2018). R&D investments and firm value: Evidence from China. Sustainability, 10(11), 4133. https://doi.org/https://doi.org/10.3390/su10114133
- Klette, T. J., & Griliches, Z. (1996). The inconsistency of common scale estimators when output prices are unobserved and endogenous. Journal of Applied Econometrics, 11(4), 343–361. https://doi.org/https://doi.org/10.1002/(SICI)1099-1255(199607)11:4<343::AID-JAE404>3.0.CO;2-4
- Lee, D. (2020). The role of R&D and input trade in productivity growth: Innovation and technology spillovers. The Journal of Technology Transfer, 45(3), 908–928. https://doi.org/https://doi.org/10.1007/s10961-019-09717-0
- Lee, Y., Kim, S., & Lee, H. (2011). The impact of service R&D on the performance of Korean information communication technology small and medium enterprises. Journal of Engineering and Technology Management, 28(1–2), 77–92. https://doi.org/https://doi.org/10.1016/j.jengtecman.2010.12.005
- Lin, B. W., Lee, Y., & Hung, S. C. (2006). R&D intensity and commercialization orientation effects on financial performance. Journal of Business Research, 59(6), 679–685. https://doi.org/https://doi.org/10.1016/j.jbusres.2006.01.002
- Lu, Y., & Wand, C. (2011). Effect of R&D investment on performance of Chinese listed companies-take manufacturing and IT industry as an example. Science and Technology Management Research, 31(5), 122–127.
- Mai, A. N., Vu, H. V., Bui, B. X., & Tran, T. Q. (2019). The lasting effects of innovation on firm profitability: Panel evidence from a transitional economy. Economic Research-Ekonomska Istraživanja, 32(1), 3411–3430. https://doi.org/https://doi.org/10.1080/1331677X.2019.1660199
- Majocchi, A., & Zucchella, A. (2003). Internationalization and performance: Findings from a set of Italian SMEs. International Small Business Journal, 21(3), 249–268. https://doi.org/https://doi.org/10.1177/02662426030213001
- McGregor, H. (2011). Jim O’Neill game changer. Brunswick Review, 4(Summer), 27–29.
- Ministry of Planning and Investment. (2020). Annual report of FDI in Vietnam.
- Morbey, G. K. (1988). R&D: Its relationship to company performance. Journal of Product Innovation Management, 5(3), 191–200. https://doi.org/https://doi.org/10.1111/1540-5885.530191
- OECD. (1997). Proposed guidelines for collecting and interpreting technological innovation data: Oslo Manual (2nd ed.).
- OECD. (2008). Factbook: Environmental and social statistics.
- Reed, W. R. (2015). On the practice of lagging variables to avoid simultaneity. Oxford Bulletin of Economics and Statistics, 77(6), 897–905. https://doi.org/https://doi.org/10.1111/obes.12088
- Santarelli, E., & Tran, H. T. (2017). Young innovative companies: Are they high performers in transition economies? Evidence for Vietnam. The Journal of Technology Transfer, 42(5), 1052–1076. https://doi.org/https://doi.org/10.1007/s10961-016-9475-6
- Shen, K. Y., Yan, M. R., & Tzeng, G. H. (2017). Exploring R&D influences on financial performance for business sustainability considering dual profitability objectives. Sustainability, 9(11), 1964. https://doi.org/https://doi.org/10.3390/su9111964
- Shin, N., Kraemer, K. L., & Dedrick, J. (2009). R&D, value chain location and firm performance in the global electronics industry. Industry and Innovation, 16(3), 315–330. https://doi.org/https://doi.org/10.1080/13662710902923867
- Teece, D. J. (1986). Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy. Research Policy, 15(6), 285–305. https://doi.org/https://doi.org/10.1016/0048-7333(86)90027-2
- Tseng, M. L., Lin, S. H., & Vy, T. N. T. (2012). Mediate effect of technology innovation capabilities investment capability and firm performance in Vietnam. Procedia – Social and Behavioral Sciences, 40, 817–829. https://doi.org/https://doi.org/10.1016/j.sbspro.2012.03.186
- Vassilakis, S. (2008). Learning-by-doing. In S. N. Durlauf, & L. E. Blume (Eds.), The New Palgrave dictionary of economics (2nd ed., pp. 9–10). Palgrave Macmillan.
- Vithessonthi, C., & Racela, O. C. (2016). Short-and long-run effects of internationalization and R&D intensity on firm performance. Journal of Multinational Financial Management, 34, 28–45. https://doi.org/https://doi.org/10.1016/j.mulfin.2015.12.001
- Vu, T. H., Nguyen, V. D., Ho, M. T., & Vuong, Q. H. (2019). Determinants of Vietnamese listed firm performance: Competition, wage, CEO, firm size, age, and international trade. Journal of Risk and Financial Management, 12(2), 62. https://doi.org/https://doi.org/10.3390/jrfm12020062
- World Bank. (2017). Vietnam – enhancing enterprise competitiveness and SME linkages: Lessons from international and national experience. World Bank Group.
- Xu, J., & Jin, Z. (2016). Research on the impact of R&D investment on firm performance in China's internet of things industry. Journal of Advanced Management Science, 4(2), 112. https://doi.org/https://doi.org/10.12720/joams.4.2.112-116