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<p>This study investigates the relationship between corruption, gender diversity in top management teams, and firm performance in Vietnam, drawing on the resource-based view’s mechanism. Analyzing a sample of 5616 firm-year observations measured biannually from 2005 to 2015, we demonstrate that the bribery amount a firm paid is significantly and positively associated with the firm’s gross profit. This contradicts prior empirical evidence and highlights the critical roles of intangible resources devoted to corruption in emerging markets such as business networks and time spent dealing with government bureaucracy. Additionally, we find that gender diversity in top management teams is not a significant predictor of gross profit, nor does it moderate the bribery-performance relationship, as has been alluded to in previous top management team research. Our findings highlight the disconnect between the enactment and enforcement of anti-corruption policies while also providing theoretical, managerial, and policy implications.</p>

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Corruption among small and medium firms in Vietnam: the glass half empty

  • 期刊论文

  • 发表日期：

    2025年6月16日

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  • Anh T Phan,
  • Todd M Inouye,
  • Kentaro Hayashi

摘要

This study investigates the relationship between corruption, gender diversity in top management teams, and firm performance in Vietnam, drawing on the resource-based view’s mechanism. Analyzing a sample of 5616 firm-year observations measured biannually from 2005 to 2015, we demonstrate that the bribery amount a firm paid is significantly and positively associated with the firm’s gross profit. This contradicts prior empirical evidence and highlights the critical roles of intangible resources devoted to corruption in emerging markets such as business networks and time spent dealing with government bureaucracy. Additionally, we find that gender diversity in top management teams is not a significant predictor of gross profit, nor does it moderate the bribery-performance relationship, as has been alluded to in previous top management team research. Our findings highlight the disconnect between the enactment and enforcement of anti-corruption policies while also providing theoretical, managerial, and policy implications.