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- Publisher
- Emerald Publishing
- Copyright
- © Emerald Publishing Limited
- ISSN
- 1746-8809
- DOI
- 10.1108/ijoem-08-2020-0869
- Publisher site
- See Article on Publisher Site
Abstract
This article analyzes the impact of social insurance on firm performance by obtaining evidence from Vietnamese small- and medium-sized enterprises.Design/methodology/approachThe method employed in the research is the generalized method of moments for testing hypotheses of data collected from the General Statistics Office of Vietnam.FindingsThe results show that social insurance contributions can enhance firm performance in three dimensions: return on equity (ROE), labor productivity and total factor productivity (TFP). In addition, financial leverage, firm size, the average wage of workers and fixed assets have an impact on the social insurance costs of these companies.Originality/valueThis article provides a novel explanation of the contribution of social insurance to firm performance. In particular, social insurance contribution not only increases labor productivity but also boosts the growth of the TFP of companies. In addition, the article points out that taking care of the benefits of employees is a valuable investment of companies. These are the unique contributions of the paper to the literature on the economic impact of social insurance.
Journal
International Journal of Emerging Markets – Emerald Publishing
Published: Nov 21, 2023
Keywords: Firm performance; Small- and medium-sized enterprises; Social insurance; Vietnam