JED, Vol. 20, No.2, August 2018, pp. 107-124
Informal Institutions and Entrepreneurial Orientation: An Exploratory Investigation into Vietnamese Small and Medium Enterprises
Abstract:This study explores the informal institutions in Vietnam and their impact on entrepreneurial
orientation of Vietnamese small and medium enterprises (SMEs). A qualitative study was
conducted through in-depth interviews with 21 SMEs in Hanoi2, Danang and Ho Chi Minh City.
The research findings suggest the important role of informal institutions in the context of Vietnam.
Specifically, two main components of informal institutions, corruption and institutional trust, are
found to have effects on entrepreneurial orientation of SMEs. The research findings are discussed
and implications for SME managers and policy makers are provided.
Keywords:Informal institutions; entrepreneurial orientation; qualitative research; SMEs; Vietnam