The author processed data via STATA 14.0 and SPSS 20.0 software. This study also identifies the factors that affect the business performance enterprises in Vietnam. The survey data are collected by email and internet sources. The author collects data on time series of October 2020 based on the financial statement and annual reports of the Vietnam construction listed companies. The study employs a sample of 100 construction-listed enterprises in the Vietnam Stock Market. This research aims to investigate the determinants of business performance in Vietnam small and medium sized firms. The previous literature lacks empirical study on the relationship between variables of study for the Next-11 countries. This study provides empirical evidence about the association between inflows of FDI, economic growth and financial development within the context of the Next-11 countries. This study’s contribution provides a better understanding of the dynamic relationship between FDI, economic growth, and financial development by providing decision-makers to understand the nature of the dynamic association between the study variables. The results indicate an impact of both economic growth and financial development on the FDI flows to the study of countries during the period between 19 in the long run, while no such proof is affirmed in the short run. An analysis of the results was performed accordingly on the panel data gathered from the Next 11 countries from 1985 to 2019- using the Pooled Mean Group (PMG) estimation method and the Autoregressive Distributed Lag model approach (ARDL).
This study investigates the relationship between FDI, economic growth and financial development in the Next 11 countries. These findings provide significant implications for regulators and policymakers in developing countries improve the business environment of their countries, manager and foreign investors in assessing the business environment in host countries and for both developing countries and academic research. However, in terms of the role of IFRS adoption in mediating the impact of SMEs on FDI inflows in Algeria, our findings report a negative contribution of IFRS adoption of the association between SMEs and FDI inflows in both long and short run. Using the ARDL bounds testing approach, the findings show a positive association between SMEs and foreign direct investment inflows in Algeria in the long-run. This investigation intends to fill a major gap regarding empirical literature on FDI drivers in developing countries. The present paper aims to empirically explore the impact of SMEs on foreign direct investment inflows and analyses the effect role of IFRS adoption on the relationship between the SMEs sector and foreign direct investment inflows in short and long run in Algeria during the period of 1970-2017.
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