@techreport{64574bbe4adb4275ace0fe766cc4d370,
title = "Intangible Capital and Innovation: An Empirical Analysis of Vietnamese Enterprises",
abstract = "Intangible capital is an important growth driver in the modern knowledge-based and innovation-driven economy. While there seems to be sufficient support for the role of intangible capital from developed economies, evidence from fast-growing developing countries is much more limited. This paper explores the heterogeneous pattern and potential determinants of firm-level intangible capital investment in Vietnam. We found that firm size, human capital, and information and communication technology increase the likelihood to invest in intangible capital. Additionally, an inverted-U shaped relation is identified between market competition and intangible capital investment: Moderate levels of market competition induce firms in Vietnam to invest more in innovative activities, but the effect of stronger competition diminishes.",
author = "Vo, {Long Hai} and Qing Li",
year = "2021",
month = feb,
language = "English",
series = " Economics Discussion Papers Series",
publisher = "Department of Economics, UWA",
type = "WorkingPaper",
institution = "Department of Economics, UWA",
}