The Impact of Information Technology Adoption, Government Policies, and Effective Labor Force on the Financial Performance of Manufacturing Companies in Vietnam: Moderating Role of Organizational Support

Abstract

Due to economic unpredictability, the financial performance of organizations must receive the utmost attention, and this aspect6 must be the focus of recent studies and policymakers. Therefore, this study investigates the effect of information technology adoption, government policies, and effective labor force on the financial performance of Vietnam's manufacturing firms. The research also examines the moderating influence of organizational support on adopting information technology, government policies, effective labor force, and the financial performance of Vietnamese manufacturing firms. The research employed survey questionnaires to collect primary data from manufacturing company employees. SPSS-AMOS was also used to examine the relationship between variables. The results indicated that adopting information technology, government policies, and an effective labor force positively correlates with the financial performance of Vietnamese manufacturing companies. The results also revealed that organizational support moderates the relationship between adopting information technology, government policies, an effective labor force, and the financial performance of manufacturing firms in Vietnam. The research provides regulators with guidelines for establishing policies to improve financial performance through adopting information technology, implementing government policies, and utilizing an efficient labor force.