How Financial Support Affects A Firm's Creativity, Reputation, Competitive Advantage And Business Performance - A Case Study Of SMES In Ho Chi Minh City

Abstract

SMEs make a significant contribution to any economy because of their wide coverage across the region. However, there are many fluctuations of the economy as well as natural disasters, especially the COVID-19 pandemic, which has severely affected these businesses. Despite many fluctuations, financial problems always exist throughout and are also a difficult problem for SMEs. This study finds the bottlenecks of the above situation and conducts a survey to find out the influence of access to external finance on corporate performance. Entrepreneurial financial support has been developed as a lifeline for SMEs in the stage of their business development, the influence of entrepreneurial financial support is not only on business performance but also organizational creativity, firm reputation and firm competitive advantage. Research results show that entrepreneurial financial support has a positive influence on businesses and the mediating role of organizational creativity, firm reputation and firm competitive advantage is also identified. The mission of this study is to contribute solutions to the current situation of SMEs in the Ho Chi Minh city in order to develop these business models, bringing outstanding business efficiency.