Entrepreneurial characteristics and private firm performance in the Mekong river Delta

Phan Anh Tu * and Nguyen Hong Diem

* Corresponding author (patu@ctu.edu.vn)

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Received: 13 Aug 2015
Revised: 17 Feb 2016
Accepted: 08 Aug 2016
Published: 19 Aug 2016
DOI: 10.22144/ctu.jen.2016.022
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Phan, A. T., & Nguyen, H. D. (2016). Entrepreneurial characteristics and private firm performance in the Mekong river Delta. CTU Journal of Innovation and Sustainable Development , (03), 38-48. https://doi.org/10.22144/ctu.jen.2016.022
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No. 03 (2016)

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Abstract

This study investigates the impacts of entrepreneurial characteristics on firm performance, based on a survey of 807 private firms in 2004 and 2009 in Mekong River Delta (MRD) in Vietnam. Controlling for firm characteristics and industry characteristics, this study found that entrepreneurial characteristics are directly related to firm performance. Specifically, the results show that there is partial support for an inverted U-shaped relationship between tenure and firm performance. While entrepreneurs with higher education and higher levels of informal education are strongly associated with higher firm performance, entrepreneur’s risk-averse behaviour has no connection. The study reinforces the importance of entrepreneurs in private firms in the MRD in compared with the earlier empirical evidence and suggests further research in the future.
Keywords: Entrepreneurial characteristics, firm performance

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