TAILIEUCHUNG - The impact of training on firm performance in a transitional economy: Evidence from Vietnam

This study is among the first research to examine the level at which employers perceived and utilised training as a means to improve employee productivity and organisational performance in transitional economies. | Thang, N. N. & Quang, T. (2011). The Impact of Training on Firm Performance in a Transitional Economy: Evidence from Vietnam, Research and Practice in Human Resource Management, 19(1), 11-24. The Impact of Training on Firm Performance in a Transitional Economy: Evidence from Vietnam ABSTRACT Nguyen Ngoc Thang & Truong Quang Although research on the relationship between training and firm performance in developed country abounds, little has been done hitherto to estimate the impact of training on firm performance in an emerging country context. This study is among the first research to examine the level at which employers perceived and utilised training as a means to improve employee productivity and organisational performance in transitional economies. The data were collected from 196 companies across industries to measure the level of impact of training on firm performance in Vietnam. The research results indicate that manufacturing companies that implemented training in 2006 had increased sales and productivity, while training had a non statistically significant effect on sales and productivity of non manufacturing companies. In addition, manufacturing companies that implemented training programmes after 2005 achieved an annual increase in both sales and productivity between 2005 and 2006, but there is no statistically significant effect on 2005 and 2006 percentage change in sales and productivity of non manufacturing companies if these companies provided training after 2005. Based on these findings practical implications for managers and suggestions for future research are discussed. INTRODUCTION Academics and professionals in human resource management (HRM) have identified that training policies are critical for improving employee skills, firm performance, and organisational survival (Schuler 2001) and essential for a firm is to remain competitive (Barney 1991, MacDuffie 1995, Salas & CannonBowers 2001). Several authors have attempted to estimate the .

• Quản trị kinh doanh
• Journa science
• International journal of financial research
• Transitional economy
• Improve employee productivity
• Human resource management
• Asian social science
• Kaizen practices
• Vietnamese manufacturing companies
• Renovation policy economy
• Market oriented economy
• Knowledge sharing
• Explicit knowledge
• Tacit knowledge
• Service quality
• Retail industry
• Automobile industry
• Data envelopment analysis
• Vietnamese automobile firms
• Beverage enterprises
• Vietnamese food
• Accounting practices
• Multinomial logit model
• Interest rates
• Monetary policy
• Small and medium sized enterprises
• Lean management
• Lean implementing models
• Market segment selection
• Fuzzy QFD
• Fuzzy TOPSIS
• Non farm opportunities
• Economic growth a
• Value at Risk modelling
• Warsaw Stock Exchange
• Realized volatility
• Social feminist theory
• Liberal feminist theory
• Firm performance
• Rural credit
• Poverty reduction
• Poor household
• Northwest of Vietnam
• Developing countries
• Manufacturing sector
• Trade liberalization
• Export aversion
• Macro environment
• International business management
• Family business
• Convenience store chain
• Asymmetric volatility
• EGARCH model
• VAR model
• volatility spillovers
• Exchange rate variations
• Agricutural exports
• Agricutural market
• Behavioral economics
• Generation Y
• Facebook banking
• Retail banking services
• IT infrastructure
• Online trading system
• Input Output analysis
• Green banking
• Green financing
• SERVPERF model
• Customer satisfaction
• Gini decomposition
• Off farm income
• Ethnic minorities
• Northwest region
• Environmental performance
• Pollution reduction
• Environmental management system
• Government environmental certificate