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Available. Open Access. Open Access
Article
Publication date: 18 January 2019

Michael Asiamah, Daniel Ofori and Jacob Afful

The factors that determine foreign direct investment (FDI) are important to policy-makers, investors, the banking industry and the public at large. FDI in Ghana has received…

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Abstract

Purpose

The factors that determine foreign direct investment (FDI) are important to policy-makers, investors, the banking industry and the public at large. FDI in Ghana has received increased attention in recent times because its relevance in the Ghanaian economy is too critical to gloss over. The purpose of this paper is to examine the determinants of FDI in Ghana between the period of 1990 and 2015.

Design/methodology/approach

The study employed a causal research design. The study used the Johansen’s approach to cointegration within the framework of vector autoregressive for the data analysis.

Findings

The study found a cointegrating relationship between FDI and its determinants. The study found that both the long-run and short-run results found statistically significant negative effects of inflation rate, exchange rate and interest rate on FDI in Ghana while gross domestic product, electricity production and telephone usage (TU) had a positive effect on FDI.

Research limitations/implications

The study found a cointegrating relationship between FDI and its determinants. The study found that both the long-run and short-run results found statistically significant negative effects of inflation rate, exchange rate and interest rate on FDI in Ghana whiles gross domestic product, electricity production and TU had a positive effect on FDI.

Practical implications

This study has potential implication for boosting the economies of developing countries through its policy recommendations which if implemented can guarantee more capital inflows for the economies.

Social implications

This study has given more effective ways of attracting more FDI into countries which in effect achieve higher GDP and also higher standard of living through mechanisms and in the end creating more social protection programs for the people.

Originality/value

Although studies have been conducted to explore the determinants of FDI, some of the core macroeconomic variables such as inflation, interest rate, telephone subscriptions, electricity production, etc., which are unstable and have longstanding effects on FDI have not been much explored to a give a clear picture of the relationships. Therefore, a study that will explore these and other macroeconomic variables to give clear picture of their relationships and suggest some of the possible ways of dealing with these variables in order to attract more FDI for the country to achieve its goal is what this paper seeks to do.

Details

Journal of Asian Business and Economic Studies, vol. 26 no. 1
Type: Research Article
ISSN: 2515-964X

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Article
Publication date: 3 August 2020

Kofi Amponsah-Kwatiah and Michael Asiamah

This study examines the effect of working capital management on profitability of listed manufacturing firms in Ghana.

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Abstract

Purpose

This study examines the effect of working capital management on profitability of listed manufacturing firms in Ghana.

Design/methodology/approach

The study employs a quantitative research approach within the causal research design using a balance panel of 20 manufacturing listed firms from 2015 to 2019.

Findings

The study reveals that inventory management, account receivables, account payables, cash conversion cycle, current asset, current ratio and firm size have positive effects on return on assets (ROA) and return on return on equity(ROE) whilst leverage affects them negatively.

Research limitations/implications

The study only covers 20 manufacturing firms generally due to data unavailability. However, the outcome has useful information for manufacturing firms.

Practical implications

The study brings to light effective ways of improving the profitability of manufacturing firms through policies.

Social implications

The findings are beneficial to manufacturing firms and countries for the purpose of improving performance of firms and welfare of the people through direct and indirect chain effects of increasing investments, remunerations and scales of production.

Originality/value

This study adds insights into the existing literature on working capital management namely methodology, effects of components on profitability of manufacturing firms and socioeconomic implications- evidence from Ghana.

Details

International Journal of Productivity and Performance Management, vol. 70 no. 7
Type: Research Article
ISSN: 1741-0401

Keywords

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Article
Publication date: 18 December 2023

Bernadette Ekua Bedua Afful, Michael Addaney, David Anaafo, Jonas Ayaribilla Akudugu, Felix Kwaku Borkor, Elvis Oppong Yeboah and Joshua Sampana

Poor municipal solid waste management is a major characteristic of urban development in Africa. In Ghana, local governments are mandated to ensure the collection, treatment and…

179

Abstract

Purpose

Poor municipal solid waste management is a major characteristic of urban development in Africa. In Ghana, local governments are mandated to ensure the collection, treatment and disposal of solid waste. However, this has been a herculean task for local governments in Ghana, owing to inadequate resources and weak technical capacities. This has prompted calls for, and actual involvement of the private sector through public-private partnerships (PPPs) in municipal solid waste management, particularly in the urban areas. This study aims to assess the roles, effectiveness and challenges of PPPs in urban waste management in the Sunyani municipality of Ghana.

Design/methodology/approach

Adopting a case study design, the study used a qualitative research approach to provide in-depth insights into PPPs in municipal solid waste management in the Sunyani municipality of Ghana. Therefore, key informant interviews and two focus group discussions were conducted.

Findings

The study revealed that some policies and actions of the local government (Assembly) do not positively facilitate the effective functioning of PPPs in municipal solid waste management. There is also lack of effective stakeholder consultation, collaboration and grassroot inclusion in the PPPs which affect the effective management of the increasing volumes of solid waste being generated within the municipality.

Practical implications

To achieve the objectives of the PPP arrangements, local authorities should initiate steps to effectively coordinate all the involved private companies. There must also be ways of involving the beneficiaries in the design and implementation of PPPs on waste management to allow for effective grassroots and participatory monitoring and evaluation.

Originality/value

The uniqueness of the case study being a mid-sized and secondary city in a developing country enhances the value of the findings and the application of recommendations in cities with similar characteristics and initiatives in improving PPPs in municipal waste management.

Details

Journal of Property, Planning and Environmental Law, vol. 16 no. 3
Type: Research Article
ISSN: 2514-9407

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Article
Publication date: 2 February 2021

Amos Mensah, Maxwell Asiamah, Camillus Abawiera Wongnaa, Faizal Adams, Seth Etuah, Eli Gaveh and Patrick Appiah

The paper aims to examine impact of adopted maize seed technology on farm profitability. It assesses both the revenue and cost implication of the adopted technology on farmers'…

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Abstract

Purpose

The paper aims to examine impact of adopted maize seed technology on farm profitability. It assesses both the revenue and cost implication of the adopted technology on farmers' welfare. The study aims to expand the domain of farm investment assessment analysis by including a broader range of production outcome indicators than is normally found in the adoption impact on farm profitability literature.

Design/methodology/approach

The paper opted for an empirical study using field survey data. A structured questionnaire was used to interview 400 maize farmers across four regions of Ghana. The survey was complemented with focus group discussions in each region with participants representing male and female farmers cultivating maize on a commercial basis. The data captured detail household level (i.e. demographic and socioeconomic characteristics) as well as farm-level information on maize production (i.e. input use and farm output).

Findings

The paper provides empirical insights about maize farmers' perception on the adopted maize seed technology and the factors influencing adoption. It also shed light on the fact that maize farmers do not base their adoption decisions solely on farm output and revenue indicators alone, but mainly on the return on their investment and the cost associated with the maize seed technology adopted.

Research limitations/implications

Because of data limitation, the influence of some important actors (market power) could not be directly captured in the analysis; this may lead to over simplification of a very complex situation in the maize sector. Therefore, researchers are encouraged to future investigate the influence of such important phenomenon on farm profitability.

Social implications

Improving maize productivity and farm profitability across the sectors is important in order to improve farmer income. This study, therefore, highlights the effect of adopted seed technology and its impact on farm profitability.

Originality/value

This paper fulfils an identified need to study how investment cost in maize seed technology affect farm profitability.

Details

Journal of Agribusiness in Developing and Emerging Economies, vol. 11 no. 5
Type: Research Article
ISSN: 2044-0839

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Article
Publication date: 29 October 2024

Siddharth Patel, Rajesh Desai and Krunal Soni

This study aims to investigate the factors influencing Indian banks’ choice of green loan disclosure practices. The study analyzes the effect of financial and governance variables…

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Abstract

Purpose

This study aims to investigate the factors influencing Indian banks’ choice of green loan disclosure practices. The study analyzes the effect of financial and governance variables to understand the sustainable reporting (through green lending) behavior of Indian banks.

Design/methodology/approach

The data on green loan disclosure has been hand-collected from the annual reports using a content analysis approach. Using the data of 26 banks for 12 years (2012–2023), the study uses the panel regression method to control for cross-sectional heterogeneity and generalized methods of the moment to address potential endogeneity issues.

Findings

The empirical results depict that larger banks with sufficient risk capital and a strong corporate governance framework demonstrate greater disclosure of green loans. However, growth opportunities and higher market value impedes the reporting of green lending.

Research limitations/implications

The findings of the study will enhance the extant literature on sustainability disclosure by integrating the financial sector companies in the context of an emerging economy. However, future research may include nonbanking finance companies as well.

Social implications

Banks use societal deposits to invest in productive avenues, and therefore, it is paramount to understand their social and environmental consciousness while evaluating a financing proposal. This research provides a thorough understanding of the sustainable reporting of banks through the lens of green lending.

Originality/value

This research provides unique evidence on the bank-specific determinants of green loan disclosure in an emerging economy context as against the extant literature which primarily focused on sustainable reporting of nonfinancial companies.

Details

Journal of Financial Regulation and Compliance, vol. 32 no. 5
Type: Research Article
ISSN: 1358-1988

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Article
Publication date: 22 April 2024

Fei Zhou and Songling Xu

This study aims to explore how the application of digital technology and information technology can help firms improve their innovation performance and examines the mediating…

378

Abstract

Purpose

This study aims to explore how the application of digital technology and information technology can help firms improve their innovation performance and examines the mediating mechanisms of supply chain agility and supply chain integration.

Design/methodology/approach

This study conducted a questionnaire survey of 320 business managers in an automotive cluster in China and analyzed the collected data using structural equations.

Findings

Digital technology applications (DTA) have a positive impact on innovation performance, while supply chain agility and integration mediate this impact. In addition, information technology applications (ITA) also has a positive impact on innovation performance, while supply chain agility and integration mediate between the two. Supply chain agility (SCA) and supply chain integration (SCI) significantly enhance the positive impact of technology adoption on firms' innovation performance.

Originality/value

This study confirms the impact of digital technology and information technology applications on innovation performance and explores the mediating role played by supply chain agility and integration.

Details

European Journal of Innovation Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1460-1060

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Article
Publication date: 9 February 2023

Samuel Yaw Akomea, Ahmed Agyapong, Suzzie Owiredua Aidoo and Simms Mensah Kyei

This paper sought to investigate the conditional indirect relationship between managerial capabilities (MCs) and performance amongst small and medium-sized enterprises (SMEs) in…

326

Abstract

Purpose

This paper sought to investigate the conditional indirect relationship between managerial capabilities (MCs) and performance amongst small and medium-sized enterprises (SMEs) in the sub-Saharan African economy. The study considered social capital (SC) and entrepreneurial orientation (EO) as parallel mediating mechanisms and competitive intensity as boundary conditions within this relationship. The purpose of this paper is to address this issue.

Design/methodology/approach

Data were obtained from SMEs (n = 206) in a sub-Saharan African nation. Bootstrapping (Process Macro) and hierarchical regression in statistical package for social sciences (SPSS) were used to analyse the data.

Findings

The results demonstrate that whereas EO presents a mechanism through which MC influences performance, SC does not mediate the MC–performance relationship. The results further demonstrate that competitive intensity provides various interaction effects such that at high levels of competitive intensity the indirect effect of MC on performance through SC is weakened and strengthened through EO. The study, therefore, provides clarity to the intricate power of interactions of external factors with firm-specific resources.

Originality/value

The study demonstrates that varying combinations of resources influence performance differently. The authors consider the influence of these mediators simultaneously in attempts to extend theory by buttressing the bundling effect of MC on SC and EO in driving performance. They also highlight the impact of the boundary conditions created by competitive intensity (CI) on these mediated relationships.

Details

Journal of Strategy and Management, vol. 16 no. 2
Type: Research Article
ISSN: 1755-425X

Keywords

Available. Open Access. Open Access
Article
Publication date: 27 April 2022

Micheal James Mustafa, Claudia Vinsent and Siti Khadijah Zainal Badri

This study aims to explore the associations between emotional intelligence (EI), organizational justice (OJ) perceptions and work outcomes. The study proposes a model where EI is…

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Abstract

Purpose

This study aims to explore the associations between emotional intelligence (EI), organizational justice (OJ) perceptions and work outcomes. The study proposes a model where EI is linked to job satisfaction and turnover intentions through the three dimensions of organizational justice.

Design/methodology/approach

In all, 556 employees in the Malaysian service sector were used as samples for this study. Analysis was performed using SPSS and AMOS structural equation modelling (SEM) path analysis to test the study’s hypotheses.

Findings

Results indicate that EI had a significant direct effect on all organizational justice sub-dimensions (distributive, procedural and interactional justice) as well as on job satisfaction and turnover intentions. However, only distributive justice was found to partially mediate the relationship between EI, job satisfaction and turnover intentions.

Originality/value

This study provides further insights into the mechanisms through which trait EI impacts service sector employee workplace attitudes. It also investigates the role of trait EI in deciphering why employees may differ in their OJ perceptions and deepens understanding of the discrete roles that organizational justice sub-dimensions perform.

Details

Organization Management Journal, vol. 20 no. 1
Type: Research Article
ISSN: 1541-6518

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Article
Publication date: 24 July 2024

Tapas Sudan and Rashi Taggar

This study presents the impact of Economic Policy Uncertainty (EPU)-induced Trade Supply Chain Vulnerability (TSCV) on the Small and Medium-Sized Enterprises (SMEs) in India by…

213

Abstract

Purpose

This study presents the impact of Economic Policy Uncertainty (EPU)-induced Trade Supply Chain Vulnerability (TSCV) on the Small and Medium-Sized Enterprises (SMEs) in India by leveraging the World Bank Enterprise Survey data for 2014 and 2022. Applying econometric techniques, it examines firm size’ influence on productivity and trade participation, providing insights for enhancing SME resilience and trade participation amid uncertainty.

Design/methodology/approach

The econometric techniques focus on export participation, along with variables such as total exports, firm size, productivity, and capital intensity. It addresses crucial factors such as the direct import of intermediate goods and foreign ownership. Utilizing the Cobb-Douglas production function, the study estimates Total Factor Productivity, mitigating endogeneity and multicollinearity through a two-stage process. Besides, the study uses a case study of North Indian SMEs engaged in manufacturing activities and their adoption of mitigation strategies to combat unprecedented EPU.

Findings

Results reveal that EPU-induced TSCV reduces exports, impacting employment and firm size. Increased productivity, driven by technological adoption, correlates with improved export performance. The study highlights the negative impact of TSCV on trade participation, particularly for smaller Indian firms. Moreover, SMEs implement cost-based, supplier-based, and inventory-based strategies more than technology-based and risk-based strategies.

Practical implications

Policy recommendations include promoting increased imports and inward foreign direct investment to enhance small firms’ trade integration during economic uncertainty. Tailored support for smaller firms, considering their limited capacity, is crucial. Encouraging small firms to engage in international trade and adopting diverse SC mitigation strategies associated with policy uncertainty are vital considerations.

Originality/value

This study explores the impact of EPU-induced TSCV on Indian SMEs’ trade dynamics, offering nuanced insights for policymakers to enhance SME resilience amid uncertainty. The econometric analysis unveils patterns in export behavior, productivity, and factors influencing trade participation during economic uncertainty.

Details

International Journal of Productivity and Performance Management, vol. 74 no. 1
Type: Research Article
ISSN: 1741-0401

Keywords

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Article
Publication date: 19 December 2022

Patrick Owiredu, Camillus Abawiera Wongnaa, Patricia Pinamang Acheampong, Monica Addison, Kwaku Agyei Adu and Dadson Awunyo-Vitor

Various models and approaches are implemented to provide technical assistance and support to improve cocoa farmers' welfare in Ghana. The Farmer Business School (FBS), which is…

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Abstract

Purpose

Various models and approaches are implemented to provide technical assistance and support to improve cocoa farmers' welfare in Ghana. The Farmer Business School (FBS), which is analogous to Farmer Field School (FFS), is one of the few initiatives of GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit) and Ghana Cocoa Board (COCOBOD). The main aim of the initiative is to train smallholder cocoa farmers to perceive cocoa production as a business. However, there is limited or conflicting evidence as to the effect of FBS on productivity and food security, especially in Ghana. This study assessed FBS participation and the participation's impact on productivity and food security of cocoa farmers.

Design/methodology/approach

The study used primary data collected from 542 cocoa farmers in Central and Western North regions of Ghana and employed descriptive statistics, perception index and Endogenous Switching Regression (ESR) as analytical tools.

Findings

The results, which reported an overall perception index of 0.7, indicated that the farmers had a strong positive perception on the FBS program. The results also showed that sex of a farmer, number of years of formal education, farm size, extension contact, perception, distance to extension outlet and membership of farmer-based organizations (FBOs) significantly influenced the decision to participate in FBS program. Also off-farm income, years of education and household size significantly influenced farm productivity and household food security. The results further showed that participation in FBS improved productivity and food security of cocoa farmers.

Research limitations/implications

The study used data from two regions of Ghana, namely the Central region and the Western North region. Findings from studies using data covering all cocoa growing areas of Ghana could be more informative in formulating policies aimed at encouraging participation in FBS and consequently help improve cocoa productivity and food security.

Originality/value

This article offers insights into the welfare effects of FBS on cocoa farmers as previous similar studies are without this information.

Details

Journal of Agribusiness in Developing and Emerging Economies, vol. 14 no. 3
Type: Research Article
ISSN: 2044-0839

Keywords

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