Template-Type: ReDIF-Article 1.0
Author-Name: Kofi Q. Dadzie 
Author-X-Name-First: Kofi Q. 
Author-X-Name-Last: Dadzie 
Title: Reappraising Competing Dominant Logics for African Business Research 
Journal: Journal of African Business 
Pages: 1-6 
Issue: 1 
Volume: 14 
Year: 2013 
Month: 4 
X-DOI: 10.1080/15228916.2013.771514 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.771514 
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Template-Type: ReDIF-Article 1.0
Author-Name: Simplice A. Asongu 
Author-X-Name-First: Simplice A. 
Author-X-Name-Last: Asongu 
Title: How has Mobile Phone Penetration Stimulated Financial Development in Africa? 
Abstract:
	      In the first macroeconomic empirical assessment of the
 relationship between mobile phones and finance, the author examines the
 correlations between mobile phone penetration and financial development
 using two conflicting definitions of the financial system in the financial
 development literature. With the traditional International Financial
 Statistics (IFS) (2008) definition, mobile phone penetration has a
 negative correlation with traditional financial intermediary dynamics of
 depth, activity, and size. However, when a previously missing
 informal-financial sector component is integrated into the definition,
 mobile phone penetration has a positive correlation with informal
 financial development. Three implications result: There is a growing role
 of informal finance; mobile phone penetration may not be positively
 assessed at a macroeconomic level by traditional financial development
 indicators; and it is a wake-up call for scholarly research on informal
 financial development indicators that will orient monetary policy.	    
Journal: Journal of African Business 
Pages: 7-18 
Issue: 1 
Volume: 14 
Year: 2013 
Month: 4 
X-DOI: 10.1080/15228916.2013.765309 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.765309 
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Template-Type: ReDIF-Article 1.0
Author-Name: David B. Zoogah 
Author-X-Name-First: David B. 
Author-X-Name-Last: Zoogah 
Title: Career Motivation, Mentoring Readiness, and Participation in Workplace Mentoring Programs: A Cross-Cultural Study 
Abstract:
	      In this study, the author examined participation in workplace
 mentoring programs in two cultural (individualistic and collectivistic)
 contexts. Data were collected from two samples (United
 States&nbsp;=&nbsp;83; Ghana&nbsp;=&nbsp;132) of workers (from 80
 organizations) at managerial development workshops. Analysis of variance
 showed differences in willingness to participate and intention to
 participate in mentoring programs. Hierarchical linear regression results
 also showed interactive effects of culture on participation and mentoring
 readiness as well as participation and career motivation. The findings
 show criterion validity for the mentoring readiness construct, which is
 important for selection of participants for mentoring programs.	  
Journal: Journal of African Business 
Pages: 19-32 
Issue: 1 
Volume: 14 
Year: 2013 
Month: 4 
X-DOI: 10.1080/15228916.2013.765310 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.765310 
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Template-Type: ReDIF-Article 1.0
Author-Name: James B. Abugre 
Author-X-Name-First: James B. 
Author-X-Name-Last: Abugre 
Title: Current and Desired Employee Communication Patterns in Sub-Saharan Africa: Empirical Evidence on Four Ghanaian Organizations 
Abstract:
	      In this study, the author explores employees' expectations of
 organizational communication patterns including internal communication
 behavior in organizations. In-depth interviews of employees and managers
 were used as data from four Ghanaian organizations. Results show that
 employees want a change from the current pattern of overcentralized
 communication system in organizations to a more horizontal interpersonal
 communication. Findings also show the importance of effective and
 interpersonal communication as processes that can affect employees'
 attitude to work. Additionally, results show that aspects of national
 culture, structures and systems, and management practices influence the
 pattern of communication in organizations. The results suggest that work
 organizations would thrive only if both managers and employees work
 collectively as a team and understand each other through effective
 communication media institutionalized in the various organizations.	    
Journal: Journal of African Business 
Pages: 33-46 
Issue: 1 
Volume: 14 
Year: 2013 
Month: 4 
X-DOI: 10.1080/15228916.2013.765319 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.765319 
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Template-Type: ReDIF-Article 1.0
Author-Name: Umar Bida Ndako 
Author-X-Name-First: Umar Bida 
Author-X-Name-Last: Ndako 
Title: Dynamics of Stock Prices and Exchange Rates Relationship: Evidence From Five Sub-Saharan African Financial Markets 
Abstract:
	      This article examines the dynamic relationship between stock
 prices and exchange rates for five Sub-Saharan African financial markets:
 Ghana, Kenya, Mauritius, Nigeria and South Africa. It uses weekly data,
 covering the floating exchange rate regime from January 14, 2000, to
 December 31, 2009, and applies both the Vector Autoregression and the
 Dynamic Conditional Correlation models. Results from the Vector
 Autoregression model suggest no evidence of cointegration between stock
 prices and real exchange rates for all the five countries in the sample.
 Results from the dynamic conditional correlation show that the correlation
 coefficients are not constant for the period under study, and the
 estimates largely show a negative time-varying correlation for all the
 countries except Ghana that indicates a positive correlation.		
Journal: Journal of African Business 
Pages: 47-57 
Issue: 1 
Volume: 14 
Year: 2013 
Month: 4 
X-DOI: 10.1080/15228916.2013.765322 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.765322 
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Template-Type: ReDIF-Article 1.0
Author-Name: Shaun McQuitty 
Author-X-Name-First: Shaun 
Author-X-Name-Last: McQuitty 
Author-Name: Marco Wolf 
Author-X-Name-First: Marco 
Author-X-Name-Last: Wolf 
Title: Structural Equation Modeling: A Practical Introduction 
Abstract:
	      Structural equation modeling (SEM) is a popular statistical
 technique that has become an essential tool for business academics and
 practitioners. The technique is particularly well suited for evaluating
 the relationships among any number of observed and latent variables. Thus,
 typical applications for SEMs are model and theory testing, and scale
 development. The purpose of this article is to introduce the technique and
 to explain its use in practical terms that do not require a strong
 statistical background. Two previous <italic>Journal of African
 Business</italic> articles are used to demonstrate SEM applications, and
 the article concludes with a brief introduction to SEM software packages.  
Journal: Journal of African Business 
Pages: 58-69 
Issue: 1 
Volume: 14 
Year: 2013 
Month: 4 
X-DOI: 10.1080/15228916.2013.765325 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.765325 
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Template-Type: ReDIF-Article 1.0
Author-Name: Simon P. Sigué 
Author-X-Name-First: Simon P. 
Author-X-Name-Last: Sigué 
Title: 2012 <italic>Journal of African Business</italic> Awards 
Journal: Journal of African Business 
Pages: 71-71 
Issue: 2 
Volume: 14 
Year: 2013 
Month: 8 
X-DOI: 10.1080/15228916.2013.812013 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.812013 
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Template-Type: ReDIF-Article 1.0
Author-Name: William X. Wei 
Author-X-Name-First: William X. 
Author-X-Name-Last: Wei 
Title:                 <italic>Special Issue</italic>: Chinese Trade and Investment in Africa 
Journal: Journal of African Business 
Pages: 72-74 
Issue: 2 
Volume: 14 
Year: 2013 
Month: 8 
X-DOI: 10.1080/15228916.2013.812012 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.812012 
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Template-Type: ReDIF-Article 1.0
Author-Name: Rian Drogendijk 
Author-X-Name-First: Rian 
Author-X-Name-Last: Drogendijk 
Author-Name: Katarina Blomkvist 
Author-X-Name-First: Katarina 
Author-X-Name-Last: Blomkvist 
Title: Drivers and Motives for Chinese Outward Foreign Direct Investments in Africa 
Abstract:
	      The authors set out to empirically test the degree of Chinese
 investments in Africa by systematically examining the explanatory value of
 existing theoretical motivations for foreign direct investment (FDI) for
 the period of 2003--2009. All else equal, the authors find that African
 countries enjoy a higher likelihood of Chinese outward FDI than the rest
 of the world. Moreover, they find that Chinese firms invest in African
 markets for market-seeking, natural resource--seeking, and strategic
 asset--seeking motives; hence, the motives for Chinese FDI in Africa seem
 to match those of Western firms' investments in global markets.	  
Journal: Journal of African Business 
Pages: 75-84 
Issue: 2 
Volume: 14 
Year: 2013 
Month: 8 
X-DOI: 10.1080/15228916.2013.804320 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.804320 
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Template-Type: ReDIF-Article 1.0
Author-Name: Xiaohua Lin 
Author-X-Name-First: Xiaohua 
Author-X-Name-Last: Lin 
Author-Name: Carlyle Farrell 
Author-X-Name-First: Carlyle 
Author-X-Name-Last: Farrell 
Title: The Internationalization Strategies of Chinese State and Private Sector Enterprises in Africa 
Abstract:
	      The authors examine differences in the internationalization
 motives, entry approach, local embeddedness, and performance outcomes of
 Chinese state-owned enterprises and Chinese privately owned enterprises
 operating in Africa. The authors' conceptual model explains these
 differences in light of differences in ownership structure. While prior
 research has viewed Chinese outward investment from the latecomer
 perspective, the authors found that the behavior of Chinese privately
 owned enterprises does not deviate substantially from that described by
 conventional foreign direct investment theories. Propositions developed
 are illustrated by case studies, and the theoretical and policy
 implications are discussed.	      
Journal: Journal of African Business 
Pages: 85-95 
Issue: 2 
Volume: 14 
Year: 2013 
Month: 8 
X-DOI: 10.1080/15228916.2013.804311 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.804311 
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Template-Type: ReDIF-Article 1.0
Author-Name: Juan Zhang 
Author-X-Name-First: Juan 
Author-X-Name-Last: Zhang 
Author-Name: William X. Wei 
Author-X-Name-First: William X. 
Author-X-Name-Last: Wei 
Author-Name: Zuanshi Liu 
Author-X-Name-First: Zuanshi 
Author-X-Name-Last: Liu 
Title: Strategic Entry and Determinants of Chinese Private Enterprises Into Africa 
Abstract:
	      The authors discuss the strategic entry of Chinese private
 enterprises (PEs) into Africa by analyzing their characteristics of host
 distribution and overseas companies' function and type. They find that
 Chinese PEs tend to invest in countries where Chinese investment has
 already concentrated, that more Chinese PEs engage in manufacturing and
 services than in agriculture and mining and quarrying, and that Chinese
 PEs take higher risks by choosing the type of subsidiary companies to
 enter Africa. They also make an empirical study of the determinants of
 Chinese PEs compared with state-owned enterprises in the period 2002--2011
 and found Chinese PEs in Africa are driven mainly by the motivation of
 market-seeking, not by resource-seeking; China's imports from the host
 country also facilitate Chinese companies' investment in Africa; and
 Chinese companies in Africa are risk-takers. At the end of the article,
 they study the case of Touchroad and verify the results of their empirical
 study. 	 
Journal: Journal of African Business 
Pages: 96-105 
Issue: 2 
Volume: 14 
Year: 2013 
Month: 8 
X-DOI: 10.1080/15228916.2013.804367 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.804367 
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Template-Type: ReDIF-Article 1.0
Author-Name: Jonathan Munemo 
Author-X-Name-First: Jonathan 
Author-X-Name-Last: Munemo 
Title: Examining Imports of Capital Goods From China as a Channel for Technology Transfer and Growth in Sub-Saharan Africa 
Abstract:
	      The author contributes to related literature by analyzing how
 economic growth in Sub-Saharan Africa is affected by the growing
 dependency on capital goods from China. The author finds robust evidence
 in support of the hypothesis that capital goods from China are an
 important technology transfer channel that enhances economic growth in
 Africa. Therefore, trade liberalization policies aimed at attracting
 Chinese capital on a non-preferential basis are important. In addition,
 the results also suggest that growth strategies based on greater physical
 and human capital accumulation, increased trade openness, political
 stability, and less government consumption expenditure are important.	    
Journal: Journal of African Business 
Pages: 106-116 
Issue: 2 
Volume: 14 
Year: 2013 
Month: 8 
X-DOI: 10.1080/15228916.2013.804370 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.804370 
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Template-Type: ReDIF-Article 1.0
Author-Name: Bamidele Adekunle 
Author-X-Name-First: Bamidele 
Author-X-Name-Last: Adekunle 
Author-Name: Ciliaka M. W. Gitau 
Author-X-Name-First: Ciliaka M. W. 
Author-X-Name-Last: Gitau 
Title: Illusion or Reality: Understanding the Trade Flow Between China and Sub-Saharan Africa 
Abstract:
	      The authors examine the trade flow between China and
 Sub-Saharan Africa (SSA) with the use of the gravity model. The authors
 examine the impact that variables such as gross domestic product (GDP),
 distance, foreign direct investment (FDI), inflation, exchange rate, and
 GDP per capita have on trade flow between China and SSA and vice versa.
 The authors also examine how the trade flow of oil-rich countries is
 affected by trading with China while considering the interactions with
 other macroeconomic variables. The specific objectives are to assess the
 trade flow between China and SSA; identify the variables that predict
 trade flow from China to SSA and vice versa; examine the trade flow
 between oil-rich SSA countries (Angola, Equatorial Guinea, Nigeria, the
 Republic of Congo and Sudan) and China; and develop desirable policies
 that will enhance China--SSA trade while protecting the industries in SSA.
 The result of this article improves understanding of why Sino--Africa
 trade is an illusion that is gradually becoming a reality.	     
Journal: Journal of African Business 
Pages: 117-126 
Issue: 2 
Volume: 14 
Year: 2013 
Month: 8 
X-DOI: 10.1080/15228916.2013.804361 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.804361 
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Template-Type: ReDIF-Article 1.0
Author-Name: Nizar Becheikh 
Author-X-Name-First: Nizar 
Author-X-Name-Last: Becheikh 
Title: The Impact of Knowledge Acquisition and Absorptive Capacity on Technological Innovations in Developing Countries: Evidence From Egyptian Small and Medium-Sized Enterprises 
Abstract:
	      The author examines the determinants of technological
 innovations in Egyptian manufacturing and service small and medium-sized
 enterprises. Three categories of determinants are explored: (a) firms'
 exposure to external knowledge and technologies, (b) firms' absorptive
 capacity, and (c) financial and market barriers to innovation. A large
 dataset derived from the 2009 Egyptian innovation survey is used to
 estimate two binary logit models of factors explaining firms' propensity
 to innovate in the manufacturing and service sectors. Results show that
 Egyptian manufacturing and service small and medium-sized enterprises
 follow similar paths to innovate and confirm the assumption that the
 catching-up reality in most developing countries makes the patterns
 followed by firms to innovate fundamentally different from those applied
 in countries at the technology frontier.	   
Journal: Journal of African Business 
Pages: 127-140 
Issue: 3 
Volume: 14 
Year: 2013 
Month: 12 
X-DOI: 10.1080/15228916.2013.843997 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.843997 
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Template-Type: ReDIF-Article 1.0
Author-Name: Pyemo N. Afego 
Author-X-Name-First: Pyemo N. 
Author-X-Name-Last: Afego 
Title: Stock Price Response to Earnings Announcements: Evidence From the Nigerian Stock Market 
Abstract:
	      The author examines the stock market reaction to annual
 earnings information releases using data for a sample of firms on the
 Nigerian Stock Exchange. Using the event study method, the author found
 that the magnitude of the cumulative abnormal returns is dominated by
 significant reactions 20 days before the earnings release date, which
 suggests that a portion of the market reaction may be due to private
 acquisition and, possibly, abuse of information by insiders. The
 persistent downward drift of the cumulative abnormal returns, 20 days
 after the announcement, is inconsistent with the efficient markets
 hypothesis.	      
Journal: Journal of African Business 
Pages: 141-149 
Issue: 3 
Volume: 14 
Year: 2013 
Month: 12 
X-DOI: 10.1080/15228916.2013.844008 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.844008 
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Template-Type: ReDIF-Article 1.0
Author-Name: Nixon Kamukama 
Author-X-Name-First: Nixon 
Author-X-Name-Last: Kamukama 
Title: Intellectual Capital: Firms' Hidden Source of Service Quality in the Microfinance Industry in Uganda 
Abstract:
	      The author examines the relative contribution of individual
 intellectual capital elements on service quality in Uganda's microfinance
 industry (MFI), adopting analysis of moment structures, a form of
 structural equation modeling. Other than relational capital, intellectual
 capital elements are strong predictors of service quality with predictive
 power of 34%. To boost the wealth of MFIs, managers should use a suitable
 intellectual capital blend that increases firm value. Since the results of
 this study clearly show that human capital is the most important
 intellectual resource, MFIs should source for competent people who play
 key roles in the industry.	     
Journal: Journal of African Business 
Pages: 150-161 
Issue: 3 
Volume: 14 
Year: 2013 
Month: 12 
X-DOI: 10.1080/15228916.2013.844012 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.844012 
File-Format: text/html
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Handle: RePEc:taf:wjabxx:v:14:y:2013:i:3:p:150-161




Template-Type: ReDIF-Article 1.0
Author-Name: Jacob W. Musila 
Author-X-Name-First: Jacob W. 
Author-X-Name-Last: Musila 
Title: Does Democracy Have a Different Impact on Corruption in Africa? 
Abstract:
	      The author investigates the relationship between corruption
 and the newer proxies of democracy for African countries. The regression
 results suggest that countries that are relatively more democratic are
 also less corrupt. Of the different aspects of democracy examined, the
 functioning of government and political participation are found to be
 significantly correlated with corruption. The estimates suggest that
 countries with functioning and efficient governments and healthy political
 competition are less corrupt. Unlike the early empirical studies, the
 evidence of a nonlinear relationship between corruption and the new
 proxies of democracy is weak, especially after controlling for other
 factors and correcting for the endogeneity problem. Our results suggest
 that ethnolinguistic fractionalization and the level of development are
 also important determinants of the level of corruption in Africa.	    
Journal: Journal of African Business 
Pages: 162-170 
Issue: 3 
Volume: 14 
Year: 2013 
Month: 12 
X-DOI: 10.1080/15228916.2013.844020 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.844020 
File-Format: text/html
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Handle: RePEc:taf:wjabxx:v:14:y:2013:i:3:p:162-170




Template-Type: ReDIF-Article 1.0
Author-Name: Harshana Kasseeah 
Author-X-Name-First: Harshana 
Author-X-Name-Last: Kasseeah 
Author-Name: Vinaye Dey Ancharaz 
Author-X-Name-First: Vinaye Dey 
Author-X-Name-Last: Ancharaz 
Author-Name: Verena Tandrayen-Ragoobur 
Author-X-Name-First: Verena 
Author-X-Name-Last: Tandrayen-Ragoobur 
Title: Access to Financing as a Barrier to Trade: Evidence From Mauritius 
Abstract:
	      Access to credit is essential for the development and growth
 of firms. For a small open economy like Mauritius, the ability of firms to
 enter export markets is essential for their growth and development, given
 that the size of the local market is quite limited. To increase sales and
 profitability, firms have to export. However, there are several costs that
 are involved when firms enter an export market. In many cases, finance
 becomes an essential factor that influences firms' ability to export.
 These authors investigate whether the main constraint that firms in
 Mauritius face is access to finance and try to understand how firms
 overcome financial barriers. Given the limitations of existing methods to
 estimate financing constraints directly from firm-level accounting data,
 the results based on survey data are an important contribution in
 improving understanding of firms' financing obstacles to exporting and how
 they overcome these barriers.		
Journal: Journal of African Business 
Pages: 171-185 
Issue: 3 
Volume: 14 
Year: 2013 
Month: 12 
X-DOI: 10.1080/15228916.2013.844032 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.844032 
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Handle: RePEc:taf:wjabxx:v:14:y:2013:i:3:p:171-185




Template-Type: ReDIF-Article 1.0
Author-Name: Simplice A. Asongu 
Author-X-Name-First: Simplice A. 
Author-X-Name-Last: Asongu 
Title: African Stock Market Performance Dynamics: A Multidimensional Convergence Assessment 
Abstract:
	      The author dissects, with great acuteness, the issues of
 convergence in financial performance dynamics in the African continent
 through the lenses of stock market capitalization, value traded, turnover,
 and number of listed companies. The empirical evidence is premised on 11
 homogeneous panels based on regions (Sub-Saharan and North Africa), income
 levels (low, middle, lower-middle, and upper-middle), legal origins
 (English common law and French civil law), and religious dominations
 (Christianity and Islam). Findings provide partial support for the
 existence of absolute convergence in some dynamics. Only Sub-Saharan
 Africa reveals conditional convergence in relation to per capita number of
 listed companies. The speed of convergence for the most part is between
 12% and 28% per annum. As a policy implication, countries should work
 toward adopting common institutional and structural characteristics that
 favor stock market development.	  
Journal: Journal of African Business 
Pages: 186-201 
Issue: 3 
Volume: 14 
Year: 2013 
Month: 12 
X-DOI: 10.1080/15228916.2013.844043 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.844043 
File-Format: text/html
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Handle: RePEc:taf:wjabxx:v:14:y:2013:i:3:p:186-201




Template-Type: ReDIF-Article 1.0
Author-Name: Nnamdi O. Madichie 
Author-X-Name-First: Nnamdi O. 
Author-X-Name-Last: Madichie 
Author-Name: Robert E. Hinson 
Author-X-Name-First: Robert E. 
Author-X-Name-Last: Hinson 
Author-Name: Masud Ibrahim 
Author-X-Name-First: Masud 
Author-X-Name-Last: Ibrahim 
Title: A Reconceptualization of Entrepreneurial Orientation in an Emerging Market Insurance Company 
Abstract:
	      The authors examine how entrepreneurial firms gain
 competitive advantage and hence entrepreneurial success by optimizing
 their dynamic capabilities. Using a single case design, incorporating
 in-depth interviews with key informants within an insurance company in
 Ghana, the authors attempt to highlight the limitations of an existing
 model. Their key proposition is that the growth and profitability
 exhibited in the case study are largely attributable to its ability to
 leverage its entrepreneurial orientation. They argue, therefore, that
 despite the ability of the resource-based view to translate into
 competitive advantage at the firm level, it falls short of longer-term
 competitive advantages and entrepreneurial success-especially in the
 financial services sector with homogeneous product offerings.		
Journal: Journal of African Business 
Pages: 202-214 
Issue: 3 
Volume: 14 
Year: 2013 
Month: 12 
X-DOI: 10.1080/15228916.2013.844049 
File-URL: http://hdl.handle.net/10.1080/15228916.2013.844049 
File-Format: text/html
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Handle: RePEc:taf:wjabxx:v:14:y:2013:i:3:p:202-214




Template-Type: ReDIF-Article 1.0
Author-Name: Abdoul' Ganiou Mijiyawa 
Author-X-Name-First: Abdoul' Ganiou 
Author-X-Name-Last: Mijiyawa 
Title: Policy Dynamics and Foreign Direct Investment Inflows in Ghana: What Are the Lessons for West African Countries? 
Abstract:
	      Unlike most West African countries, Ghana has recently
 attracted significant flows of foreign direct investment (FDI). This
 article examines why Ghana attracts more FDI than its West African
 counterparts and how Ghana has improved its FDI attractiveness. To do so,
 the article uses statistical analysis to investigate the dynamics of FDI
 policy-related factors in Ghana and compares Ghana's performance with West
 African countries' average performance. The results show that over time
 and compared with West Africa's average situation, Ghana has improved its
 level of openness to international markets, human capital, infrastructure,
 political stability, and quality of institutions. These results may
 explain Ghana's recent improved performance in attracting FDI, and they
 suggest that improving the aforementioned factors may attract more FDI to
 Ghana and its neighbors.	   
Journal: Journal of African Business 
Pages: 1-12 
Issue: 1 
Volume: 15 
Year: 2014 
Month: 4 
X-DOI: 10.1080/15228916.2014.881214 
File-URL: http://hdl.handle.net/10.1080/15228916.2014.881214 
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Template-Type: ReDIF-Article 1.0
Author-Name: Achraf Ghorbel 
Author-X-Name-First: Achraf 
Author-X-Name-Last: Ghorbel 
Author-Name: Mouna Abdelhedi 
Author-X-Name-First: Mouna 
Author-X-Name-Last: Abdelhedi 
Author-Name: Younes Boujelbene 
Author-X-Name-First: Younes 
Author-X-Name-Last: Boujelbene 
Title: Assessing the Impact of Crude Oil Price and Investor Sentiment on Islamic Indices: Subprime Crisis 
Abstract:
	      This article attempts to shed light on the impact of oil
 prices, investor sentiment, and conventional index on 11 Islamic indices,
 particularly during the subprime financial crisis and the oil crisis.
 Empirical evidence suggests that the Malaysian and Indonesian Islamic
 indices are very much affected by the oil volatility. Estimation results
 of the BEKK-GARCH model reveal that the pessimistic sentiment during the
 subprime crisis is transmitted to Islamic indices, suggesting the herding
 contagion. The authors' finding indicates that investors can use VIX
 investor sentiment as an indicator to predict Islamic returns volatility.
 In addition, the authors find that the oil shock has spilled into Islamic
 indices. The time-varying correlation indicates strong evidence of the
 contagion effect of crude oil and investor sentiment measure to Islamic
 indices during the oil shock and U.S. financial crisis period of
 2008--2009.	      
Journal: Journal of African Business 
Pages: 13-24 
Issue: 1 
Volume: 15 
Year: 2014 
Month: 4 
X-DOI: 10.1080/15228916.2014.881222 
File-URL: http://hdl.handle.net/10.1080/15228916.2014.881222 
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Handle: RePEc:taf:wjabxx:v:15:y:2014:i:1:p:13-24




Template-Type: ReDIF-Article 1.0
Author-Name: Douglas Woodward 
Author-X-Name-First: Douglas 
Author-X-Name-Last: Woodward 
Author-Name: Robert Rolfe 
Author-X-Name-First: Robert 
Author-X-Name-Last: Rolfe 
Author-Name: André Ligthelm 
Author-X-Name-First: André 
Author-X-Name-Last: Ligthelm 
Title: Microenterprise, Multinational Business Support, and Poverty Alleviation in South Africa's Informal Economy 
Abstract:
	      The authors examine corporate programs that support
 microenterprise development in Africa. Specifically, the analysis assesses
 the extent to which local income and sales are affected by Coca-Cola's
 initiatives to assist South Africa's microenterprise in the retail trade
 sector. To quantify the impact, questionnaires were obtained from owners
 of small-scale retail establishments in the country's vast informal
 economy. Regression analysis is performed on key variables from the
 survey, testing hypotheses advanced to explain the size of an owner's
 income and sales. In addition to business development support, the
 explanatory variables include startup capital, size, and male/female
 ownership. It appears that business development support has a positive
 effect on lifting income and reducing poverty for microenterprise owners,
 after controlling for other influences.	  
Journal: Journal of African Business 
Pages: 25-35 
Issue: 1 
Volume: 15 
Year: 2014 
Month: 4 
X-DOI: 10.1080/15228916.2014.881225 
File-URL: http://hdl.handle.net/10.1080/15228916.2014.881225 
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Template-Type: ReDIF-Article 1.0
Author-Name: Prince Boakye Frimpong 
Author-X-Name-First: Prince Boakye 
Author-X-Name-Last: Frimpong 
Author-Name: George Adu 
Author-X-Name-First: George 
Author-X-Name-Last: Adu 
Title: Population Health and Economic Growth in Sub-Saharan Africa: A Panel Cointegration Analysis 
Abstract:
	      The article investigates the extent to which the health of
 the population affects the economic performance using panel data for 30
 Sub-Saharan African countries for the period 1970--2010. Using a
 theoretical model based on an augmented Solow growth model, the authors
 estimate the relationship between population health capital and economic
 growth in Sub-Saharan Africa using panel cointegration econometric
 strategy. They find that the health status of the population has not
 significantly driven economic performance. Accounting for the effect of
 HIV/AIDS, however, resulted in a significant negative effect of population
 health on economic growth. Furthermore, the obverse seems rather plausibly
 the case, as economic growth significantly increases life expectancy in
 the region.	      
Journal: Journal of African Business 
Pages: 36-48 
Issue: 1 
Volume: 15 
Year: 2014 
Month: 4 
X-DOI: 10.1080/15228916.2014.881227 
File-URL: http://hdl.handle.net/10.1080/15228916.2014.881227 
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Template-Type: ReDIF-Article 1.0
Author-Name: Indranarain Ramlall 
Author-X-Name-First: Indranarain 
Author-X-Name-Last: Ramlall 
Title: Is There a Pecking Order in the Demand for Financial Services in Mauritius? 
Abstract:
	      This article probes into the distinct forces that influence
 the demand for financial services/products in Mauritius. The major
 contribution of this study is that a decomposed assessment is made with
 respect to the demand for financial services/products, namely, bank
 accounts, mobile banking, shares, life assurance policies, and treasury
 bills. Findings show that financial literacy matters significantly, let
 alone a pecking order presence with demand for bank accounts predominating
 over any other type of demand for financial services. Policy-wise, this
 article calls for ongoing efforts to improve on financial literacy for
 sophisticated financial products like stocks and treasury bills.	   
Journal: Journal of African Business 
Pages: 49-63 
Issue: 1 
Volume: 15 
Year: 2014 
Month: 4 
X-DOI: 10.1080/15228916.2014.881230 
File-URL: http://hdl.handle.net/10.1080/15228916.2014.881230 
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Template-Type: ReDIF-Article 1.0
Author-Name: Simplice A. Asongu 
Author-X-Name-First: Simplice A. 
Author-X-Name-Last: Asongu 
Title: Correcting Inflation with Financial Dynamic Fundamentals: Which Adjustments Matter in Africa? 
Abstract:
	      This article assesses the adjustment of inflation with
 financial dynamic fundamentals of money (financial depth), credit
 (financial activity), and efficiency. Three main findings are established:
 (a) there are significant long-run relationships between inflation and the
 fundamentals; (b) the error correction mechanism is stable in all
 specifications but in case of any disequilibrium, only financial depth is
 significant in adjusting inflation to the long-run relationship; and (c)
 in the long-run, short-term adjustments in the ability of banks to
 transform money into credit do not matter in correcting inflation. This is
 most probably due to surplus liquidity issues. Policy implications are
 discussed.	     
Journal: Journal of African Business 
Pages: 64-73 
Issue: 1 
Volume: 15 
Year: 2014 
Month: 4 
X-DOI: 10.1080/15228916.2014.881231 
File-URL: http://hdl.handle.net/10.1080/15228916.2014.881231 
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Template-Type: ReDIF-Article 1.0
Author-Name: Altante Désirée Biboum 
Author-X-Name-First: Altante Désirée 
Author-X-Name-Last: Biboum 
Author-Name: Simon Pierre Sigué 
Author-X-Name-First: Simon Pierre 
Author-X-Name-Last: Sigué 
Title: Conflict in Supplier-Retailer Relationships in the Brewery Industry in Cameroon 
Abstract:
	      The authors develop a theoretical framework to explain
 conflict in supplier-retailer relationships. In addition to traditional
 influence strategy variables, the framework links conflict to retailer
 dependence and supplier formalization. The framework is empirically tested
 in the Cameroonian brewery industry. The findings support the view that
 channel conflict is inversely related to retailer dependence and supplier
 formalization. Contrary to expectations, the use of noncoercive influence
 strategies (information exchange and recommendations) has no significant
 effect on conflict, while, as expected, the use of coercive influence
 strategies (threats and promises) increases conflict.		
Journal: Journal of African Business 
Pages: 75-84 
Issue: 2 
Volume: 15 
Year: 2014 
Month: 8 
X-DOI: 10.1080/15228916.2014.925361 
File-URL: http://hdl.handle.net/10.1080/15228916.2014.925361 
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Handle: RePEc:taf:wjabxx:v:15:y:2014:i:2:p:75-84




Template-Type: ReDIF-Article 1.0
Author-Name: Arthur Ahimbisibwe 
Author-X-Name-First: Arthur 
Author-X-Name-Last: Ahimbisibwe 
Title: The Influence of Contractual Governance Mechanisms, Buyer-Supplier Trust, and Supplier Opportunistic Behavior on Supplier Performance 
Abstract:
	      This article explores the influence of contractual governance
 mechanisms, buyer-supplier trust, and supplier opportunistic behavior on
 Uganda's public sector supplier performance. Many outsourced contracts are
 reported to frequently fail to deliver on time, budget, specifications,
 and quality and do not deliver value to the public. This could be
 attributed to poor contractual governance mechanisms, lack of
 buyer-supplier trust, and high levels of supplier opportunistic behavior.
 A cross-sectional data set collected from 632 staff of Uganda's public
 sector is used to validate the theoretical model and hypotheses developed
 from literature review. Findings reveal that contractual governance
 mechanisms, buyer-supplier trust, and supplier opportunistic behavior are
 significant predictors of public sector supplier performance. The results
 also suggest that supplier opportunistic behavior has a stronger influence
 toward supplier performance than others. The implications for these
 findings for future research and practice are also discussed.		
Journal: Journal of African Business 
Pages: 85-99 
Issue: 2 
Volume: 15 
Year: 2014 
Month: 8 
X-DOI: 10.1080/15228916.2014.920610 
File-URL: http://hdl.handle.net/10.1080/15228916.2014.920610 
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Handle: RePEc:taf:wjabxx:v:15:y:2014:i:2:p:85-99




Template-Type: ReDIF-Article 1.0
Author-Name: Neema Mori 
Author-X-Name-First: Neema 
Author-X-Name-Last: Mori 
Title: Directors' Diversity and Board Performance: Evidence from East African Microfinance Institutions 
Abstract:
	      Active board participation is one of the main challenges
 faced by microfinance institutions. This article sets out to explore the
 effect of board of directors' characteristics (age, gender, and education)
 on their ability to effectively perform their board roles (monitoring and
 resource provision). Microfinance policy makers are concerned with the
 role of boards in terms of the performance of the industry. This study
 used the agency theory and resource dependence theory to test the
 relationship between directors' characteristics and boards' performance.
 The empirical analysis is based on a survey conducted with 105 board
 directors representing 63 microfinance institutions from three East
 African countries (Kenya, Tanzania, and Uganda). The results show a
 positive relationship between directors' age and their ability to monitor
 and provide the board with resources. The study also shows that the effect
 of directors' level of education on boards' performance is positive, while
 no evidence was found with regard to the effect of female directors on
 boards. The findings imply that board directors need to be appointed based
 on their personal characteristics and their ability to perform their
 roles. 	 
Journal: Journal of African Business 
Pages: 100-113 
Issue: 2 
Volume: 15 
Year: 2014 
Month: 8 
X-DOI: 10.1080/15228916.2014.920654 
File-URL: http://hdl.handle.net/10.1080/15228916.2014.920654 
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Template-Type: ReDIF-Article 1.0
Author-Name: Jonathan Mpundu Chipili 
Author-X-Name-First: Jonathan Mpundu 
Author-X-Name-Last: Chipili 
Title: Foreign Exchange Intervention and Exchange Rate Volatility in Zambia 
Abstract:
	      The study analyzes the impact of central bank intervention on
 the volatility of the exchange rate in Zambia during the period of
 1996-2013. The empirical findings reveal a statistically weak negative
 impact of intervention on exchange rate volatility, suggesting that other
 policy instruments are required to augment foreign exchange interventions
 in dampening volatility in the exchange rate.		
Journal: Journal of African Business 
Pages: 114-121 
Issue: 2 
Volume: 15 
Year: 2014 
Month: 8 
X-DOI: 10.1080/15228916.2014.921062 
File-URL: http://hdl.handle.net/10.1080/15228916.2014.921062 
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Handle: RePEc:taf:wjabxx:v:15:y:2014:i:2:p:114-121




Template-Type: ReDIF-Article 1.0
Author-Name: Goodluck Charles 
Author-X-Name-First: Goodluck 
Author-X-Name-Last: Charles 
Title: Role of Family Resources in Firm Performance: Evidence from Tanzania 
Abstract:
	      The main purpose of this article is to examine the role of
 intangible family resources in the performance of family enterprises in
 Tanzania. In particular, the article examines the role of information
 sharing, family patient capital and family labor in firm performance.
 Using a sample of 163 family firms and the structural equation model of
 analysis, the findings indicate that family patient capital and
 information sharing contribute significantly to the performance of firms.
 With regard to the cost of labor, the study does not show any evidence
 that lower labor costs improve family firms' performance, most probably
 because these businesses incur additional labor costs which are not
 directly linked to the business. Based on the results, it is concluded
 that the family has an influence on the strategic level of family
 businesses, thereby contributing to their success.	     
Journal: Journal of African Business 
Pages: 122-135 
Issue: 2 
Volume: 15 
Year: 2014 
Month: 8 
X-DOI: 10.1080/15228916.2014.920607 
File-URL: http://hdl.handle.net/10.1080/15228916.2014.920607 
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Handle: RePEc:taf:wjabxx:v:15:y:2014:i:2:p:122-135




Template-Type: ReDIF-Article 1.0
Author-Name: Sisa Mhlanga 
Author-X-Name-First: Sisa 
Author-X-Name-Last: Mhlanga 
Author-Name: Theuns Kotzé 
Author-X-Name-First: Theuns 
Author-X-Name-Last: Kotzé 
Title: Information Search, Alternatives Evaluation, and Coping Mechanisms of Functionally Illiterate Consumers in Retail Settings: A Developing Economy Context 
Abstract:
	      Little research has been carried out with regard to marketing
 to functionally illiterate consumers, despite the size and purchasing
 power of this market segment. This qualitative study examined the
 decision-making processes and coping mechanisms of functionally illiterate
 consumers in the South African grocery shopping environment. The findings
 provide insights that have important theoretical and practical
 implications for marketers, retailers, and policy makers. For functionally
 illiterate consumers, the information-search stage of the consumer
 decision-making process is either nonexistent or limited to a few trusted
 sources, such as friends and family, which often occurs only after a
 purchase has been made. Furthermore, these consumers face difficulties in
 a grocery store environment but have developed several coping mechanisms
 to compensate for their limited literacy skills.	   
Journal: Journal of African Business 
Pages: 136-149 
Issue: 2 
Volume: 15 
Year: 2014 
Month: 8 
X-DOI: 10.1080/15228916.2014.925363 
File-URL: http://hdl.handle.net/10.1080/15228916.2014.925363 
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Handle: RePEc:taf:wjabxx:v:15:y:2014:i:2:p:136-149




Template-Type: ReDIF-Article 1.0
Author-Name: Lavagnon Ika 
Author-X-Name-First: Lavagnon 
Author-X-Name-Last: Ika 
Author-Name: Jan Saint-Macary 
Author-X-Name-First: Jan 
Author-X-Name-Last: Saint-Macary 
Title:                 <italic>Special Issue</italic>: Why Do Projects Fail in Africa? 
Journal: Journal of African Business 
Pages: 151-155 
Issue: 3 
Volume: 15 
Year: 2014 
Month: 12 
X-DOI: 10.1080/15228916.2014.956635 
File-URL: http://hdl.handle.net/10.1080/15228916.2014.956635 
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Handle: RePEc:taf:wjabxx:v:15:y:2014:i:3:p:151-155




Template-Type: ReDIF-Article 1.0
Author-Name: Richard Ilorah 
Author-X-Name-First: Richard 
Author-X-Name-Last: Ilorah 
Title: Recurring Challenges as Main Constraints to AU/NEPAD Projects 
Abstract:
	      Executing regional projects successfully remains a challenge
 for African organizations. The Organisation of African Unity (OAU) had
 poor results. Presently, the African Union/New Partnership for Africa's
 Development is struggling. Its projects are mainly a recycle of OAU's
 abandoned projects. The author groups these projects under political,
 sociotechnological, and economic initiatives, all of which are very
 important; successful execution remains the problem. Adopting social
 capital theory as a tool, he examines critically challenges that hamper
 projects in Africa. The author emphasizes poor regional leadership, poor
 finances, dysfunctional institutions, and dependence syndrome, all
 antiproject scenarios. Stern measures are recommended to stem the present
 trend. 	 
Journal: Journal of African Business 
Pages: 156-168 
Issue: 3 
Volume: 15 
Year: 2014 
Month: 12 
X-DOI: 10.1080/15228916.2014.956637 
File-URL: http://hdl.handle.net/10.1080/15228916.2014.956637 
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Handle: RePEc:taf:wjabxx:v:15:y:2014:i:3:p:156-168




Template-Type: ReDIF-Article 1.0
Author-Name: Nadra Hashim 
Author-X-Name-First: Nadra 
Author-X-Name-Last: Hashim 
Title: How Knowledge, Policy Planning, and Implementation Succeed or Fail: The Jatropha Projects in Tanzania 
Abstract:
	      Promoting successful biofuel production in developing
 economies requires an appreciation of local culture. In Tanzania, where
 soaring economic expectations have accompanied disappointing commercial
 outcomes, contemporary project managers would do well to adopt inclusive
 agricultural planning strategies. Overlooked in the past, Tanzania's
 farmers now demand a place at the project planning table. Meanwhile, the
 Tanzanian government has called on the Japan International Cooperation
 Agency to assess local obstacles to economic development. Strongly
 influenced by Professor Ikujiro Nonaka, the Japan International
 Cooperation Agency's methodology suggests community participation and
 local management are central to project success, and both are vital to
 assessing success and failure in Tanzania's Jatropha biofuel industry.     
Journal: Journal of African Business 
Pages: 169-183 
Issue: 3 
Volume: 15 
Year: 2014 
Month: 12 
X-DOI: 10.1080/15228916.2014.956640 
File-URL: http://hdl.handle.net/10.1080/15228916.2014.956640 
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Handle: RePEc:taf:wjabxx:v:15:y:2014:i:3:p:169-183




Template-Type: ReDIF-Article 1.0
Author-Name: Nazeer Joseph 
Author-X-Name-First: Nazeer 
Author-X-Name-Last: Joseph 
Author-Name: Wikus Erasmus 
Author-X-Name-First: Wikus 
Author-X-Name-Last: Erasmus 
Author-Name: Carl Marnewick 
Author-X-Name-First: Carl 
Author-X-Name-Last: Marnewick 
Title: The Idle State of Information and Communication Technology Project Management 
Abstract:
	      South Africa is an economic powerhouse in Africa. Information
 and communication projects have subsequently been embraced to facilitate
 future economic growth. The authors empirically analyze information and
 communication project management in South Africa. This research revealed
 that there is less focus on traditional project management success as more
 emphasis has been placed on project product success. Moreover, project
 outcome is more dependent on "soft" skills than on "technical" skills.
 Project management in South Africa seems to be in an idle state; thus more
 work needs to be done to improve the current state of project management.  
Journal: Journal of African Business 
Pages: 184-196 
Issue: 3 
Volume: 15 
Year: 2014 
Month: 12 
X-DOI: 10.1080/15228916.2014.956641 
File-URL: http://hdl.handle.net/10.1080/15228916.2014.956641 
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Handle: RePEc:taf:wjabxx:v:15:y:2014:i:3:p:184-196




Template-Type: ReDIF-Article 1.0
Author-Name: Dan Ofori 
Author-X-Name-First: Dan 
Author-X-Name-Last: Ofori 
Title: An Exploratory Study of Project Management Competency in Ghana 
Abstract:
	      Project outcomes in Ghana have been adjudged to be poor as a
 result of how projects are managed, the form project management takes, and
 the project management approaches used. Low project management expertise
 has been identified as a contributory factor to how projects have been
 managed in Ghana. In the current study, the author adopted an exploratory
 research design approach to investigate project management competency in
 Ghana, using a purposively selected sample of 200 managers. Competency
 scores were used to determine organizational project management competency
 levels. Results showed that Ghanaian managers possess varying degrees of
 project integration, human resource, communication, quality, risk, and
 scope management competencies. The study recommends the systematic and
 deliberate improvement of project management competencies in order to
 increase the rate of project success in Ghana. 	 
Journal: Journal of African Business 
Pages: 197-210 
Issue: 3 
Volume: 15 
Year: 2014 
Month: 12 
X-DOI: 10.1080/15228916.2014.956644 
File-URL: http://hdl.handle.net/10.1080/15228916.2014.956644 
File-Format: text/html
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Handle: RePEc:taf:wjabxx:v:15:y:2014:i:3:p:197-210




Template-Type: ReDIF-Article 1.0
Author-Name: Pantaleo D. Rwelamila 
Author-X-Name-First: Pantaleo D. 
Author-X-Name-Last: Rwelamila 
Author-Name: Joseph K. Ssegawa 
Author-X-Name-First: Joseph K. 
Author-X-Name-Last: Ssegawa 
Title: The African Project Failure Syndrome: The Conundrum of Project Management Knowledge Base-The Case of SADC 
Abstract:
	      The authors assess the adequacy of the content of current
 graduate programs in project management offered in Southern Africa
 Development Community (SADC) countries to verify their sufficiency in
 training competent project managers. They adopted the findings of a
 previous study that identified project management themes critical for
 inclusion in the curricula of graduate programs. Detailed contents of
 graduate programs were solicited from SADC countries that offer project
 management for analysis. Of the seven programs analyzed, only one was
 considered moderately adequate as according to the defined measurement.
 Most of the programs lacked an adequate exploitation of the so-called
 "soft issues" relating to project management. The value of the article is
 two-fold. First, it emphasizes that having a competent project manager
 begins with the development of appropriate inputs to the training process.
 Second, the results of the article provide an indication of a prevalent
 gap in the programs analyzed.		
Journal: Journal of African Business 
Pages: 211-224 
Issue: 3 
Volume: 15 
Year: 2014 
Month: 12 
X-DOI: 10.1080/15228916.2014.956645 
File-URL: http://hdl.handle.net/10.1080/15228916.2014.956645 
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Handle: RePEc:taf:wjabxx:v:15:y:2014:i:3:p:211-224




Template-Type: ReDIF-Article 1.0
Author-Name: Daniel Sakyi 
Author-X-Name-First: Daniel 
Author-X-Name-Last: Sakyi 
Author-Name: Richmond Commodore 
Author-X-Name-First: Richmond 
Author-X-Name-Last: Commodore 
Author-Name: Eric Evans Osei Opoku 
Author-X-Name-First: Eric Evans Osei 
Author-X-Name-Last: Opoku 
Title: Foreign Direct Investment, Trade Openness and Economic Growth in Ghana: An Empirical Investigation 
Abstract:
 This paper investigates the long-run impact of foreign direct investment
 and trade openness on economic growth in Ghana (1970-2011) within the
 framework of the endogenous growth literature. Adopting the autoregressive
 distributed lag bounds testing approach to cointegration the results
 suggest that the interaction of foreign direct investment and exports has
 been crucial in fostering growth, thus validating the famous Bhagwati
 hypothesis. From a policy oriented point of view, the study recommends the
 channeling of foreign direct investment to export-oriented sectors and the
 promotion of export-led growth strategies in long-term development plans.
Journal: Journal of African Business 
Pages: 1-15 
Issue: 1-2 
Volume: 16 
Year: 2015 
Month: 1 
X-DOI: 10.1080/15228916.2015.1061283 
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1061283 
File-Format: text/html
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Handle: RePEc:taf:wjabxx:v:16:y:2015:i:1-2:p:1-15




Template-Type: ReDIF-Article 1.0
Author-Name: Moses Acquaah 
Author-X-Name-First: Moses 
Author-X-Name-Last: Acquaah 
Author-Name: Grishma K. Padhye 
Author-X-Name-First: Grishma K. 
Author-X-Name-Last: Padhye 
Title: The Direct and Indirect Effects of Organizational Justice on the Human Factor through Mutual Commitment in Ghana and India: A Comparative Analysis 
Abstract:
 This study compares the influence of perceived procedural justice,
 interactional justice, and mutual commitment on the human factor in Ghana
 and India. The study further compares how mutual commitment mediates the
 relationship between procedural and interactional justice, and the human
 factor in the two countries. The findings indicate that the influence of
 both procedural and interactional justices on mutual commitment in Ghana
 and India are similar. However, the influence of procedural and
 interactional justices on the human factor, and the impact of mutual
 commitment on the human factor in Ghana and India are significantly
 different. While mutual commitment mediates the relationship between
 procedural and interactional justice in the two countries, the findings
 from Ghana is different from that from India. We discuss the implications
 of our findings.
Journal: Journal of African Business 
Pages: 16-47 
Issue: 1-2 
Volume: 16 
Year: 2015 
Month: 1 
X-DOI: 10.1080/15228916.2015.1059155 
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1059155 
File-Format: text/html
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Handle: RePEc:taf:wjabxx:v:16:y:2015:i:1-2:p:16-47




Template-Type: ReDIF-Article 1.0
Author-Name: Daniel Kipkirong Tarus 
Author-X-Name-First: Daniel Kipkirong 
Author-X-Name-Last: Tarus 
Author-Name: Emmanuel Kiptanui Sitienei 
Author-X-Name-First: Emmanuel Kiptanui 
Author-X-Name-Last: Sitienei 
Title: Intellectual capital and innovativeness in software development firms: the moderating role of firm size 
Abstract:
 We examine the effect of intellectual capital on firms' innovativeness and
 the moderating role of firm size in software development firms in Kenya.
 Using moderated regression analysis, we found support for the proposition
 that human and social capital enhance firms' innovativeness. We did not,
 however, find any significant effect of organizational capital on firms'
 innovativeness. The results from the moderated regression suggest that the
 smaller the firm, the stronger the influence of intellectual capital on
 firms' innovativeness. The results therefore indicate that human and
 social capital are critical in the innovation process and so firms that
 neglect these capitals are unlikely to realize the potential to innovate
 particularly in software development firms.
Journal: Journal of African Business 
Pages: 48-65 
Issue: 1-2 
Volume: 16 
Year: 2015 
Month: 1 
X-DOI: 10.1080/15228916.2015.1061284 
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1061284 
File-Format: text/html
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Handle: RePEc:taf:wjabxx:v:16:y:2015:i:1-2:p:48-65




Template-Type: ReDIF-Article 1.0
Author-Name: Fu Lai Tony Yu 
Author-X-Name-First: Fu Lai Tony 
Author-X-Name-Last: Yu 
Author-Name: Diana S. Kwan 
Author-X-Name-First: Diana S. 
Author-X-Name-Last: Kwan 
Title: African Entrepreneurs and International Coordination in Petty Businesses: The Case of Low-End Mobile Phones Sourcing in Hong Kong 
Abstract:
 This paper examines the contribution of African entrepreneurs to world
 trade through global coordination. Unlike the multinational giants which
 earn impressive profit through global sourcing, small African
 entrepreneurs survive by identifying opportunities in petty businesses and
 exploiting narrow profit margin. Through careful economic calculation,
 they buy low-end goods from one part of the globe and sell them in the
 other part. Their self-interest activities enhance global well-being. This
 paper begins with an Austrian perspective of international
 entrepreneurship and global coordination. The theory is illustrated by
 African entrepreneurs who source Shenzhen-made mobile phones in Hong Kong
 and sell them in Africa. By arbitraging price differentials, they earn
 pure entrepreneurial profit. A detailed case study of the global
 coordination of a Tanzanian entrepreneur will be presented. This paper
 concludes that, as a result of the effort of African entrepreneurs,
 low-end mobile phones manufactured in Shenzhen are shipped to Hong Kong
 and consumed by people in Tanzania, bringing benefits to all parties
 concerned. The case study fully illustrates the principle of the
 'invisible hand' in the global market.
Journal: Journal of African Business 
Pages: 66-83 
Issue: 1-2 
Volume: 16 
Year: 2015 
Month: 1 
X-DOI: 10.1080/15228916.2015.1059156 
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1059156 
File-Format: text/html
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Handle: RePEc:taf:wjabxx:v:16:y:2015:i:1-2:p:66-83




Template-Type: ReDIF-Article 1.0
Author-Name: Afees A. Salisu 
Author-X-Name-First: Afees A. 
Author-X-Name-Last: Salisu 
Author-Name: Tirimisiyu F. Oloko 
Author-X-Name-First: Tirimisiyu F. 
Author-X-Name-Last: Oloko 
Title: Modelling spillovers between stock market and FX market: evidence for Nigeria 
Abstract:
 The need to capture the foreign exchange (FX) and stock markets nexus in
 Nigeria is underscored by the rapidly expanding financial markets
 integration due to trade and financial liberalization policies which seem
 to have enhanced the inflow of capital as well as accelerated
 investment/business interactions. Using variants of the VARMA-AMGARCH
 model of McAleer, Hoti, and Chan (2009), we find that volatility
 persistence in the stock market is accentuated by bad news in the market
 and moderated by good news in the FX market. Finally, we establish that
 ignoring the asymmetric effects may exaggerate the spillover results.
Journal: Journal of African Business 
Pages: 84-108 
Issue: 1-2 
Volume: 16 
Year: 2015 
Month: 1 
X-DOI: 10.1080/15228916.2015.1061285 
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1061285 
File-Format: text/html
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Handle: RePEc:taf:wjabxx:v:16:y:2015:i:1-2:p:84-108




Template-Type: ReDIF-Article 1.0
Author-Name: Roseline Nyakerario Misati 
Author-X-Name-First: Roseline Nyakerario 
Author-X-Name-Last: Misati 
Author-Name: Clement Ighodaro 
Author-X-Name-First: Clement 
Author-X-Name-Last: Ighodaro 
Author-Name: Maureen Were 
Author-X-Name-First: Maureen 
Author-X-Name-Last: Were 
Author-Name: John Omiti 
Author-X-Name-First: John 
Author-X-Name-Last: Omiti 
Title: Financial Integration and Economic Growth in the COMESA and SADC Regions 
Abstract:
 This study used panel data methods to examine the relationship between
 financial integration and economic growth in the COMESA and SADC regions.
 Using Foreign direct investment (FDI) and portfolio flows as a share of
 GDP, Chinn-Ito index of financial openness and debt flows as measures of
 financial integration, the study found that the relationship between
 financial integration and growth is largely insignificant in the combined
 sample of COMESA and SADC regions. However, the relationship changes when
 the two regions are separated. Whereas two of the indicators of financial
 integration are significant in the COMESA region, only one indicator of
 financial integration is significant in the SADC region implying that
 financial integration is more important in the COMESA region than in the
 SADC region. The results support the growth retarding theories of
 financial globalization and the convergence hypothesis in the COMESA
 region while the neoclassical trade theories find strong support in the
 SADC region. These results imply, first, that financial integration has
 different growth effects for different regional groupings and thus
 integration policies should not be universally applied. Second, these
 results imply that further enhancement of trade integration policies offer
 more promising outcomes for economic growth in the SADC region than
 financial integration policies while the converse is true for the COMESA
 region.
Journal: Journal of African Business 
Pages: 109-127 
Issue: 1-2 
Volume: 16 
Year: 2015 
Month: 1 
X-DOI: 10.1080/15228916.2015.1059157 
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1059157 
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Handle: RePEc:taf:wjabxx:v:16:y:2015:i:1-2:p:109-127




Template-Type: ReDIF-Article 1.0
Author-Name: Rose Fiamohe 
Author-X-Name-First: Rose 
Author-X-Name-Last: Fiamohe 
Author-Name: Didier Y. Alia 
Author-X-Name-First: Didier Y. 
Author-X-Name-Last: Alia 
Author-Name: Ibrahima Bamba 
Author-X-Name-First: Ibrahima 
Author-X-Name-Last: Bamba 
Author-Name: Aliou Diagne 
Author-X-Name-First: Aliou 
Author-X-Name-Last: Diagne 
Author-Name: Eyram Amovin-Assagba 
Author-X-Name-First: Eyram 
Author-X-Name-Last: Amovin-Assagba 
Title: Transmission of Rice Prices from Thailand into West African Markets: The Case of Benin, Mali, and Senegal 
Abstract:
 The integration of West African rice market to the world market is
 assessed in order to derive the implication for food security. To this
 end, the transmission of rice price changes on the world market to
 selected markets in West Africa was examined to test for the presence of
 transaction costs. Using the two-regime threshold cointegration procedure
 on monthly price data, evidence in support of the hypothesis of asymmetric
 price transmission was found between Thailand and some West African
 markets. Price increases on the world market were more quickly transmitted
 to domestic price than were price decreases in Benin and Mali, suggesting
 short-run dynamic inefficiencies and the presence of transaction costs. In
 Senegal, the adjustment was linear, suggesting greater integration with
 the world rice market. The results suggest that West African governments
 should design and implement adequate policies to develop the domestic rice
 sector, improve market infrastructures in order to reduce their country
 dependency to international markets and ensure food security.
Journal: Journal of African Business 
Pages: 128-143 
Issue: 1-2 
Volume: 16 
Year: 2015 
Month: 1 
X-DOI: 10.1080/15228916.2015.1059159 
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1059159 
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Handle: RePEc:taf:wjabxx:v:16:y:2015:i:1-2:p:128-143




Template-Type: ReDIF-Article 1.0
Author-Name: Felix Adamu Nandonde 
Author-X-Name-First: Felix Adamu 
Author-X-Name-Last: Nandonde 
Title: Exploring Foreign Tourists' Image of Tanzania: A Factorial Analysis Approach 
Abstract:
 In the last decade, the economy of African continent and Tanzania in
 particular has witnessed a business boom of the tourism sector. While the
 sector has continued to grow and become a dependable source of direct and
 indirect employment to youths in urban and rural areas, the sector has
 been awash with challenges. These challenges include terrorism attacks,
 energy crises and poor infrastructure. However, the impact of these
 challenges on the image of Tanzania as a tourist destination has not
 received the deserved attention. This study explores the perception of
 visitors towards Tanzania as a tourist destination after they have
 completed their tourist visit. This study employs factor analysis
 technique to explore country destination image. Questionnaires were
 administered to visitors at some of the tourists' hotels and Julius
 Kamabarage Nyerere International Airport (as a major exit point) in the
 country. Frontline employees, various tourist sites and access to services
 emerged to be strong tourist destination image factors. This implies that
 the efforts of marketing tourism destination should focus on promoting all
 the sites the country has.
Journal: Journal of African Business 
Pages: 144-158 
Issue: 1-2 
Volume: 16 
Year: 2015 
Month: 1 
X-DOI: 10.1080/15228916.2015.1059160 
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1059160 
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Handle: RePEc:taf:wjabxx:v:16:y:2015:i:1-2:p:144-158




Template-Type: ReDIF-Article 1.0
Author-Name: Aurora A. C. Teixeira 
Author-X-Name-First: Aurora A. C. 
Author-X-Name-Last: Teixeira 
Author-Name: Luís Guimar&atilde;es 
Author-X-Name-First: Luís 
Author-X-Name-Last: Guimar&atilde;es 
Title: Corruption and FDI: Does the Use of Distinct Proxies for Corruption Matter? 
Abstract:
 The relationship between FDI and corruption/institutional quality in host
 countries has been widely analyzed. However, the use of distinct samples
 and indicators for corruption tends to hinder the interpretation and
 outcomes of econometric assessments. The aims of this paper are to assess
 the extent to which the use of distinct proxies for corruption provides
 diverse evidence regarding the relationship between corruption and FDI,
 and to assess whether controlling for other indicators of institutional
 quality reinforces the effect of corruption indicators on FDI inflows. In
 order to accomplish these goals, we estimate a set of multivariate
 logistic models using 96 countries over the period 2000 to 2010. The
 results evidence that using distinct proxies for corruption variables, as
 well as controlling for other types of the countries' institutional
 quality, generate distinct outcomes. In isolation, a country's
 transparency and its citizens' corruption perceptions fail to impact on
 FDI whereas a bribe-free environment is conducive to FDI inflows. When we
 control for the human, social and economic development of the countries,
 the impact of a transparent and bribe-free context on FDI attraction is
 enhanced. Overall, it is clear that in order to become a large recipient
 of FDI a country has to guarantee a transparent and bribe-free
 environment, characterized by low income taxes, high literacy rates and
 generalized economic freedom (own labor and property control by citizens).
Journal: Journal of African Business 
Pages: 159-179 
Issue: 1-2 
Volume: 16 
Year: 2015 
Month: 1 
X-DOI: 10.1080/15228916.2015.1027881 
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1027881 
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Handle: RePEc:taf:wjabxx:v:16:y:2015:i:1-2:p:159-179




Template-Type: ReDIF-Article 1.0
Author-Name: James Obadiah Bukenya 
Author-X-Name-First: James Obadiah 
Author-X-Name-Last: Bukenya 
Author-Name: Maurice Ssebisubi 
Author-X-Name-First: Maurice 
Author-X-Name-Last: Ssebisubi 
Title: Price Transmission and Threshold Behavior in the African Catfish Supply Chain in Uganda 
Abstract:
 The issue of price linkage in the catfish supply chain in Uganda is
 important because catfish has become an important traded species with
 exports to regional markets rising even faster than production, yet
 limited research has been undertaken to understand the linkages and the
 non-linearity in the price transmission mechanism. This paper explores the
 issue using monthly price data from January 2006 to August 2013, and
 applies threshold autoregressive approaches to test for the existence of a
 long-run relationship and price asymmetry. The results show that prices in
 the catfish value chain are tied together by a long-run relationship. It
 is also revealed that ex-vessel and wholesale price adjustments to retail
 price changes are symmetric while ex-vessel price adjustments to wholesale
 price changes are shown to be asymmetric. The direction of causal
 relationships was observed from the retail to the wholesale and ex-vessel
 markets, indicating that retailers are the price leaders in the Uganda
 catfish supply chain.
Journal: Journal of African Business 
Pages: 180-197 
Issue: 1-2 
Volume: 16 
Year: 2015 
Month: 1 
X-DOI: 10.1080/15228916.2015.1035598 
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1035598 
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Handle: RePEc:taf:wjabxx:v:16:y:2015:i:1-2:p:180-197




Template-Type: ReDIF-Article 1.0
Author-Name: Charles Makanyeza 
Author-X-Name-First: Charles 
Author-X-Name-Last: Makanyeza 
Author-Name: Gilbert Dzvuke 
Author-X-Name-First: Gilbert 
Author-X-Name-Last: Dzvuke 
Title: The influence of innovation on the performance of small and medium enterprises in Zimbabwe 
Abstract:
 Based on a survey of 200 SMEs, this research investigated innovation's
 influence on the performance of small and medium enterprises (SMEs) in
 Harare, Zimbabwe. The study found that SMEs were somewhat innovative. The
 performance of SMEs was found to somewhat increase over the period SMEs
 were innovating. Innovation was found to positively predict the
 performance of SMEs. Organizational innovation and product innovation
 positively predicted the performance of SMEs while marketing innovation
 and process innovation did not. The influence of innovation on enterprise
 performance varied from industry to industry. The research has
 implications for managers and future researchers.
Journal: Journal of African Business 
Pages: 198-214 
Issue: 1-2 
Volume: 16 
Year: 2015 
Month: 1 
X-DOI: 10.1080/15228916.2015.1061406 
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1061406 
File-Format: text/html
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Handle: RePEc:taf:wjabxx:v:16:y:2015:i:1-2:p:198-214




Template-Type: ReDIF-Article 1.0
Author-Name: André C. Jordaan 
Author-X-Name-First: André C. 
Author-X-Name-Last: Jordaan 
Title: Choice of Exchange Rate Regime in a Selection of African Countries 
Abstract:
 An exchange rate regime has an important impact on macroeconomic policies
 within developing countries and therefore essential in macroeconomic
 policy formation. The main research question is to determine how the
 variety of determinants would influence the exchange rate regime choice
 for a selection of 19 African developing countries. A distinction is made
 between three groups of variables, namely economic fundamentals, economic
 stabilization aspects and currency crises factors, all affecting a
 country's exchange regime choice. The probability of these determinants is
 then estimated to establish whether the selected countries would choose a
 fixed, an intermediate or a flexible exchange regime.
Journal: Journal of African Business 
Pages: 215-234 
Issue: 3 
Volume: 16 
Year: 2015 
Month: 9 
X-DOI: 10.1080/15228916.2015.1075645 
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1075645 
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers. 
Handle: RePEc:taf:wjabxx:v:16:y:2015:i:3:p:215-234




Template-Type: ReDIF-Article 1.0
Author-Name: Indranarain Ramlall 
Author-X-Name-First: Indranarain 
Author-X-Name-Last: Ramlall 
Title: Mauritius Financial System Stress Index: Estimating the Costs of the Subprime Crisis 
Abstract:
 The aim of this paper is to develop a FSSI model for the Mauritius based
 on 11 components which reflect the core characteristics of Mauritius.
 Findings show that Mauritius had been affected by the crisis with the
 costs hovering around 3.4 to 5.4%. Latent risks are identified under
 public debt sustainability, tourist arrivals and earnings, central bank
 equity, quality of balance of payments sustainability, trade finance, net
 foreign investments on the stock market and future GDP growth paths in
 Europe and USA. Evidence is found of an impotent interest rate channel, a
 robust credit channel and a vibrant exchange rate channel. Banks'
 profitability structure is found to be crisis-immune following a
 maintained interest rate spread at 7% despite a decline in the TED spread.
 The authorities should concentrate on tourism and credit channels while
 curtailing the interest rate spread to reinvigorate the interest rate
 transmission channel.
Journal: Journal of African Business 
Pages: 235-271 
Issue: 3 
Volume: 16 
Year: 2015 
Month: 9 
X-DOI: 10.1080/15228916.2015.1069678 
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1069678 
File-Format: text/html
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Handle: RePEc:taf:wjabxx:v:16:y:2015:i:3:p:235-271




Template-Type: ReDIF-Article 1.0
Author-Name: Franklin Amuakwa-Mensah 
Author-X-Name-First: Franklin 
Author-X-Name-Last: Amuakwa-Mensah 
Author-Name: George Marbuah 
Author-X-Name-First: George 
Author-X-Name-Last: Marbuah 
Title: The Determinants of Net Interest Margin in the Ghanaian Banking Industry 
Abstract:
 This study investigates the determinants of net interest margin and the
 role of the financial crisis in explaining net interest margin (NIM) in
 the banking industry in Ghana. Further, we assess the sensitivity of our
 results to the measure of credit risk. We observe a sharp drop in NIM and
 an increase in bad debt growth during the 2007-2009 financial crisis in
 Ghana's banking sector. Depending on the definition of credit risk, we
 observe marginal differences in the magnitude and significance of the
 determinants of NIM. Generally, NIM is explained by bank-specific,
 industry and macroeconomic factors. We find risk aversion, operating cost,
 inflation rate and previous year's GDP growth to be robust drivers of NIM.
Journal: Journal of African Business 
Pages: 272-288 
Issue: 3 
Volume: 16 
Year: 2015 
Month: 9 
X-DOI: 10.1080/15228916.2015.1069679 
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1069679 
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers. 
Handle: RePEc:taf:wjabxx:v:16:y:2015:i:3:p:272-288




Template-Type: ReDIF-Article 1.0
Author-Name: Daniel Kipkirong Tarus 
Author-X-Name-First: Daniel Kipkirong 
Author-X-Name-Last: Tarus 
Title: Corporate Social Responsibility Engagement in Kenya: Bottom Line or Rhetoric? 
Abstract:
 Over the last three decades, the concept of Corporate Social
 Responsibility (CSR) has sparked considerable debate in the literature on
 management research. While previous research on the relationship between
 CSR and firm performance has largely been based on data gathered in
 developed countries, this paper examines the relationship between CSR and
 firm performance in Kenya, using a sample of 352 firm-years during the
 period 2005-2012. CSR was measured using four dimensions relevant to
 Kenya: employee CSR, product/service CSR, community CSR and environmental
 CSR, and aggregated using my own CSR index. Firm performance was measured
 using both ROA and ROE. Content analysis was used to collect data from the
 financial reports of companies. The results indicate a positive and
 significant relationship between employee CSR, product/service CSR and
 community CSR and firm performance; environmental CSR, on the other hand,
 was not significant. The overall CSR index was found to be positive and
 significant to both measures of firm performance.
Journal: Journal of African Business 
Pages: 289-304 
Issue: 3 
Volume: 16 
Year: 2015 
Month: 9 
X-DOI: 10.1080/15228916.2015.1071998 
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1071998 
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Handle: RePEc:taf:wjabxx:v:16:y:2015:i:3:p:289-304




Template-Type: ReDIF-Article 1.0
Author-Name: Prince Karakire Guma 
Author-X-Name-First: Prince 
Author-X-Name-Last: Karakire Guma 
Title: Business in the urban informal economy: barriers to women's entrepreneurship in Uganda 
Abstract:
 Business in the urban informal economy can be seen as a challenging
 terrain with enormous hurdles for women entrepreneurs. This paper explores
 major barriers that obstruct smooth development of women entrepreneurship
 in Uganda's urban informal economy. The study provides some useful
 academic insights and offers some practical suggestions for improving
 policy for women entrepreneurs. The value of this research lies in
 providing significant insights related to the initiation of policies and
 programs for entrepreneurship development, but also in increasing women's
 involvement in the urban informal economy through a better understanding
 of the gender-based barriers to entrepreneurship. It is hoped that the
 study will influence business development in the urban informal economies
 of Uganda in particular, and Africa in general.
Journal: Journal of African Business 
Pages: 305-321 
Issue: 3 
Volume: 16 
Year: 2015 
Month: 9 
X-DOI: 10.1080/15228916.2015.1081025 
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1081025 
File-Format: text/html
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Handle: RePEc:taf:wjabxx:v:16:y:2015:i:3:p:305-321




Template-Type: ReDIF-Article 1.0
Author-Name: Richard Ilorah 
Author-X-Name-First: Richard 
Author-X-Name-Last: Ilorah 
Author-Name: Collins C. Ngwakwe 
Author-X-Name-First: Collins C. 
Author-X-Name-Last: Ngwakwe 
Title: Economic Partnership Agreements between African-Caribbean-Pacific countries and the European Union: revisiting contested issues 
Abstract:
 Efforts to conclude Economic Partnership Agreements between
 African-Caribbean-Pacific countries and European Union drag on. The former
 prefers the Agreements as cooperation agreements, promoting development,
 whereas the latter prefers them strictly as trade regimes. Contested
 issues include the Agreements' scope and replacement of non-reciprocity of
 preferences with reciprocity of preferences. Africans doubted the
 relevance of the reciprocity principle to development but now succumb to
 pressures, signing the Agreements. This paper debates current developments
 in the Agreements, hoping that cautiousness prevails in making
 commitments. It suggests an alternation of trade benefits between the
 Agreement partners, based on economic outlooks.
Journal: Journal of African Business 
Pages: 322-338 
Issue: 3 
Volume: 16 
Year: 2015 
Month: 9 
X-DOI: 10.1080/15228916.2015.1089689 
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1089689 
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers. 
Handle: RePEc:taf:wjabxx:v:16:y:2015:i:3:p:322-338




Template-Type: ReDIF-Article 1.0
Author-Name: Efobi Uchenna 
Author-X-Name-First: Efobi 
Author-X-Name-Last: Uchenna 
Author-Name: Olabanji Akinola 
Author-X-Name-First: Olabanji 
Author-X-Name-Last: Akinola 
Author-Name: Oshikomaya Motunrayo 
Author-X-Name-First: Oshikomaya 
Author-X-Name-Last: Motunrayo 
Title: Workers' Deviant Behavior in the Business Outfit of a Nigerian University: Situating Policies with Empirics 
Abstract:
 Using detailed micro data that measures the deviant behaviors of workers
 in the business outfit of a Nigerian university, the extent to which these
 behaviors were influenced by some specific instruments that informs the
 policy stance of the management of the business outfit, was examined in
 this paper. The logistic regression technique was applied in testing the
 empirical model that was informed by the Trevino (1986) "interactionist"
 model. The results present some policy-relevant outcomes and are robust
 when considering alternative approaches to the estimations.
Journal: Journal of African Business 
Pages: 339-357 
Issue: 3 
Volume: 16 
Year: 2015 
Month: 9 
X-DOI: 10.1080/15228916.2015.1090829 
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1090829 
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers. 
Handle: RePEc:taf:wjabxx:v:16:y:2015:i:3:p:339-357




Template-Type: ReDIF-Article 1.0
Author-Name: Michael W. Hansen
Author-X-Name-First: Michael W.
Author-X-Name-Last: Hansen
Author-Name: Thilde Langevang
Author-X-Name-First: Thilde
Author-X-Name-Last: Langevang
Author-Name: Lettice Rutashobya
Author-X-Name-First: Lettice
Author-X-Name-Last: Rutashobya
Author-Name: Goodluck Urassa
Author-X-Name-First: Goodluck
Author-X-Name-Last: Urassa
Title: Coping with the African Business Environment: Enterprise Strategy in Response to Institutional Uncertainty in Tanzania
Abstract: 
 Weak institutions, endemic market failures and low trust permeate the Tanzanian business environment. Nevertheless, some local enterprises overcome these challenges. Based on case studies of Tanzanian food processing enterprises, this paper identifies a number of coping strategies that contrasts markedly with the strategies traditionally emphasized by the strategic management literature: Instead of focus strategies, Tanzanian enterprises diversify; Instead of competitive strategies, Tanzanian enterprises adopt network strategies; And instead of internationalizing based on strengths, Tanzanian enterprises internationalize to overcome weaknesses. The paper traces these strategies back to specificities of the Tanzanian institutional environment and discusses implications for the strategic management literature.
Journal: Journal of African Business
Pages: 1-26
Issue: 1
Volume: 19
Year: 2018
Month: 1
X-DOI: 10.1080/15228916.2017.1330028
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1330028
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Template-Type: ReDIF-Article 1.0
Author-Name: Anthony Q. Q. Aboagye
Author-X-Name-First: Anthony Q. Q.
Author-X-Name-Last: Aboagye
Author-Name: Effa Ahenkora
Author-X-Name-First: Effa
Author-X-Name-Last: Ahenkora
Title: Stress Testing Exposure of Banks to Sectors of the Ghanaian Economy
Abstract: 
 The capacity of Ghanaian banks to absorb large but plausible losses resulting from concentration of individual bank loan portfolios in sectors of the Ghanaian economy is investigated. Stress scenarios consist of worsening of banks’ impaired loan charges by one, two and three standard deviations of the industry’s recent distribution of non-performing loans. Findings reveal that the capital adequacy ratios of many banks would have been negatively impacted, some to the point of becoming insolvent. It is argued that, though these would be micro-prudential breaches, they are of such magnitude as to have economy-wide repercussions. Thus, bank loan portfolios are too concentrated.
Journal: Journal of African Business
Pages: 27-38
Issue: 1
Volume: 19
Year: 2018
Month: 1
X-DOI: 10.1080/15228916.2017.1342180
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1342180
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Template-Type: ReDIF-Article 1.0
Author-Name: Moses Kpughur Tule
Author-X-Name-First: Moses Kpughur
Author-X-Name-Last: Tule
Author-Name: Moses Onyema Oduh
Author-X-Name-First: Moses Onyema
Author-X-Name-Last: Oduh
Author-Name: Charles Chike Chiemeke
Author-X-Name-First: Charles Chike
Author-X-Name-Last: Chiemeke
Author-Name: Obiageri Christiana Ndukwe
Author-X-Name-First: Obiageri Christiana
Author-X-Name-Last: Ndukwe
Title: An Assessment of the Severity of Unemployment in Nigeria: Evidence from Fractional Integration
Abstract: 
 This paper estimates the degree of persistence and level of unemployment, fairly consistent with the theoretical definition of the natural rate of unemployment for Nigeria. It argues that hysteresis exists on real borderline with an upward sloping Phillips curve, an indication that the optimization problem of the Central Bank of Nigeria could be less costly than was originally envisaged.
Journal: Journal of African Business
Pages: 39-61
Issue: 1
Volume: 19
Year: 2018
Month: 1
X-DOI: 10.1080/15228916.2017.1343031
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1343031
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Template-Type: ReDIF-Article 1.0
Author-Name: Ailie Charteris
Author-X-Name-First: Ailie
Author-X-Name-Last: Charteris
Author-Name: Mukashema Rwishema
Author-X-Name-First: Mukashema
Author-X-Name-Last: Rwishema
Author-Name: Tafadzwa-Hidah Chidede
Author-X-Name-First: Tafadzwa-Hidah
Author-X-Name-Last: Chidede
Title: Asset Pricing and Momentum: A South African Perspective
Abstract: 
 Both the capital asset pricing model and Fama and French’s (1993) three-factor model have consistently failed to explain momentum in stock returns, with only Carhart’s (1997) four-factor model having some success in this regard. This study examines whether an alternative three-factor model proposed by Chen, Novy-Marx, and Zhang (2011) and a five-factor model forwarded by Fama and French (2015), which both include profitability and investment as pricing factors, can explain momentum on the South African market. Consistent with international evidence, the pricing errors from these two models are lower and although these errors remain significant, the results reveal that profitability and, to a lesser extent, investment are important risk-based factors that must be considered in explaining the short-term continuation in stock returns.
Journal: Journal of African Business
Pages: 62-85
Issue: 1
Volume: 19
Year: 2018
Month: 1
X-DOI: 10.1080/15228916.2017.1343033
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1343033
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Template-Type: ReDIF-Article 1.0
Author-Name: Kwaku Appiah-Adu
Author-X-Name-First: Kwaku
Author-X-Name-Last: Appiah-Adu
Author-Name: Bernard Okpattah
Author-X-Name-First: Bernard
Author-X-Name-Last: Okpattah
Author-Name: George Kofi Amoako
Author-X-Name-First: George Kofi
Author-X-Name-Last: Amoako
Title: Building Capability for Organizational Success: An Emerging Market Perspective
Abstract: 
 In the world of business, developing the capability to succeed in the marketplace is a sine qua non for most organizations. An examination of studies on firm competitiveness indicates that market orientation, outsourcing, and technology transfer provide firms with the basis for building capability to succeed in the business environment. Nonetheless, in a developing nation context, the comparative influences of market orientation, outsourcing, and technology transfer on organizational success among foreign and local firms when considered together in a combined framework is yet to be investigated empirically. To gain clearer insights, three pathways through which market orientation, outsourcing, and technology transfer improve organizational success in Ghana are postulated. Findings of this study suggest that among foreign and Ghanaian businesses, there are variations in the contributions of market orientation, outsourcing, and technology transfer to developing capability and impacting on organizational success.
Journal: Journal of African Business
Pages: 86-104
Issue: 1
Volume: 19
Year: 2018
Month: 1
X-DOI: 10.1080/15228916.2017.1346335
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1346335
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Handle: RePEc:taf:wjabxx:v:19:y:2018:i:1:p:86-104




Template-Type: ReDIF-Article 1.0
Author-Name: Henriette Scholtz
Author-X-Name-First: Henriette
Author-X-Name-Last: Scholtz
Author-Name: Suzanne Kieviet
Author-X-Name-First: Suzanne
Author-X-Name-Last: Kieviet
Title: The Influence Of Board Diversity On Company Performance Of South African Companies
Abstract: 
 A board of directors forms one of the pillars of a robust corporate governance framework. Board diversity can offer both challenges and opportunities for a company. In this article we investigate whether diversity of a board influences company performance as well as the change in company performance for the Top 100 South African companies listed on the Johannesburg Securities Exchange in 2013–2015. Tobin’s Q and Return on Assets are used as performance measures. Our findings show that the proportion of women on a board, the number of directors with a business qualification and board size are significantly positively related with the performance of South African companies, whereas the ethnic diversity of a board is significantly negatively related with the performance of South African companies.
Journal: Journal of African Business
Pages: 105-123
Issue: 1
Volume: 19
Year: 2018
Month: 1
X-DOI: 10.1080/15228916.2017.1356065
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1356065
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Template-Type: ReDIF-Article 1.0
Author-Name: Shaun McQuitty
Author-X-Name-First: Shaun
Author-X-Name-Last: McQuitty
Title: The Purposes of Multivariate Data Analysis Methods: an Applied Commentary
Abstract: 
 Unlike univariate and bivariate statistical methods, multivariate statistical methods are capable of analyzing more than one relationship at a time. There are a number of multivariate data analysis methods, each with its own purpose. For nonexperts in statistical analysis, it can be daunting to determine what method is appropriate for a given application. The goal of this commentary is to introduce the multivariate data analysis methods in practical terms that do not require a strong statistical background. The emphasis is describing the purpose of each method, so that readers can choose the methods appropriate for their research questions. The use of multivariate statistical methods in the Journal of African Business also is explored.
Journal: Journal of African Business
Pages: 124-142
Issue: 1
Volume: 19
Year: 2018
Month: 1
X-DOI: 10.1080/15228916.2017.1374816
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1374816
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Template-Type: ReDIF-Article 1.0
Author-Name: Lumengo Bonga-Bonga
Author-X-Name-First: Lumengo
Author-X-Name-Last: Bonga-Bonga
Author-Name: Beatrice Desiree Simo-Kengne
Author-X-Name-First: Beatrice Desiree
Author-X-Name-Last: Simo-Kengne
Title: Inflation and Output Growth Dynamics in South Africa: Evidence from the Markov Switching Vector Autoregressive Model
Abstract: 
 This paper introduces the possibility of asymmetry in the reaction of output growth to inflation shocks in South Africa by making use of the Markov-switching vector autoregressive model. Using quarterly data from 1969Q1 to 2013Q4, the empirical finding suggests that the reaction of output growth to inflation shocks is not only regime dependent but is also contingent on how the monetary authority reacts to such shocks. Two important regimes are identified; the high and low inflation volatility regimes. Consistent with the signal extraction theory, the output effect of inflation shocks is found to be significantly lower in the high inflation volatility regime compared to the low inflation regime.
Journal: Journal of African Business
Pages: 143-154
Issue: 1
Volume: 19
Year: 2018
Month: 1
X-DOI: 10.1080/15228916.2018.1386528
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1386528
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Template-Type: ReDIF-Article 1.0
Author-Name: Peterson K. Ozili
Author-X-Name-First: Peterson K.
Author-X-Name-Last: Ozili
Title: Bank Profitability and Capital Regulation: Evidence from Listed and non-Listed Banks in Africa
Abstract: 
 This study investigates the determinants of African bank profitability while controlling for bank capital regulation. Using static and dynamic panel estimation techniques, the findings indicate that bank size, total regulatory capital, and loan loss provisions are significant determinants of the return on assets of listed banks compared to non-listed banks. Also, regulatory capital has a more significant (and positive) impact on the return on assets of listed banks than non-listed banks particularly when listed banks have sufficient regulatory capital ratio. We also find that higher regulatory thresholds have a negative impact on the return on asset of non-listed banks.
Journal: Journal of African Business
Pages: 143-168
Issue: 2
Volume: 18
Year: 2017
Month: 4
X-DOI: 10.1080/15228916.2017.1247329
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1247329
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Template-Type: ReDIF-Article 1.0
Author-Name: Paul Alagidede
Author-X-Name-First: Paul
Author-X-Name-Last: Alagidede
Author-Name: Muazu Ibrahim
Author-X-Name-First: Muazu
Author-X-Name-Last: Ibrahim
Title: On the Causes and Effects of Exchange Rate Volatility on Economic Growth: Evidence from Ghana
Abstract: 
 What drives exchange rate volatility, and what are the effects of fluctuations in the exchange rate on economic growth in Ghana? These questions are the subject matter of this study. The results showed that while shocks to the exchange rate are mean reverting, misalignments tend to correct very sluggishly, with painful consequences in the short run as economic agents recalibrate their consumption and investment choices. About three quarters of shocks to the real exchange rate are self-driven, and the remaining one quarter or so is attributed to factors such as government expenditure and money supply growth, terms of trade and output shocks. Excessive volatility is found to be detrimental to economic growth; however, this is only up to a point as growth-enhancing effect can also emanate from innovation, and more efficient resource allocation.
Journal: Journal of African Business
Pages: 169-193
Issue: 2
Volume: 18
Year: 2017
Month: 4
X-DOI: 10.1080/15228916.2017.1247330
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1247330
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Template-Type: ReDIF-Article 1.0
Author-Name: Daniel Domeher
Author-X-Name-First: Daniel
Author-X-Name-Last: Domeher
Author-Name: Godwin Musah
Author-X-Name-First: Godwin
Author-X-Name-Last: Musah
Author-Name: Najib Hassan
Author-X-Name-First: Najib
Author-X-Name-Last: Hassan
Title: Inter-sectoral Differences in the SME Financing Gap: Evidence from Selected Sectors in Ghana
Abstract: 
 Access to credit is critical for SMEs’ growth. However, these businesses that need credit to take advantage of growth opportunities are noted to be credit constrained. The paper examined the SME financing gap on a sectoral basis using the survey approach. The study adopted descriptive and non-parametric statistics in the analyses of data involving 1200 SMEs with 200 each from the agriculture, manufacturing, transportation, construction, retail and hospitality sectors. It was revealed that there are sectoral differences in the SME financing gap with the agriculture sector being the most credit constrained. Sector-specific policies are therefore recommended to tackle the problem.
Journal: Journal of African Business
Pages: 194-220
Issue: 2
Volume: 18
Year: 2017
Month: 4
X-DOI: 10.1080/15228916.2017.1265056
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1265056
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Template-Type: ReDIF-Article 1.0
Author-Name: Faustin Apeletey Adokou
Author-X-Name-First: Faustin Apeletey
Author-X-Name-Last: Adokou
Author-Name: Eric Kyere-Diabour
Author-X-Name-First: Eric
Author-X-Name-Last: Kyere-Diabour
Title: Positioning Strategies of Retail Firms in Ghana
Abstract: 
 This paper assesses how retail firms in Ghana pursue positioning activities. Overt observations, face-to-face interviews with staff, managers and mall intercept methods provide an insight into the positioning strategies of firms in the retail sector. We adopt an empirically based and generic consumer-derived typology of positioning strategies to obtain the results. The findings revealed that the dominant strategies are “service,” “value for money,” “attractiveness,” “reliability,” “top of the range,” selectivity, and “brand name.” The emphasis placed on each of these positioning strategies varies from firm to firm.
Journal: Journal of African Business
Pages: 221-237
Issue: 2
Volume: 18
Year: 2017
Month: 4
X-DOI: 10.1080/15228916.2017.1278669
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1278669
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Template-Type: ReDIF-Article 1.0
Author-Name: Nicholas Addai Boamah
Author-X-Name-First: Nicholas Addai
Author-X-Name-Last: Boamah
Title: The Price of Risk on the African Frontier Stock Markets
Abstract: 
 The Capital Asset Pricing Model (CAPM), and the Fama-French and Carhart models have been widely applied in the developed and most emerging markets; however, there is scant evidence of the viability of the models on the African Frontier Stock Markets (AFSMs). This study examines the viability of the models for a sample that pools securities across nine AFSMs, and whether or not the risk factors of these models command risk premium on the AFSMs. The paper provides evidence of the existence of the size, value and momentum effects on the AFSMs. In addition, the models only partly capture the returns to size and book-to-market sorted portfolios on the AFSMs. Also, the risk factors of these models generally, command marginally significant premium on the AFSMs. Caution should in general be exercised when applying these models on the AFSMs.
Journal: Journal of African Business
Pages: 238-256
Issue: 2
Volume: 18
Year: 2017
Month: 4
X-DOI: 10.1080/15228916.2017.1282292
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1282292
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Template-Type: ReDIF-Article 1.0
Author-Name: Isaac Boadi
Author-X-Name-First: Isaac
Author-X-Name-Last: Boadi
Author-Name: Leo Paul Dana
Author-X-Name-First: Leo Paul
Author-X-Name-Last: Dana
Author-Name: Gerard Mertens
Author-X-Name-First: Gerard
Author-X-Name-Last: Mertens
Author-Name: Lord Mensah
Author-X-Name-First: Lord
Author-X-Name-Last: Mensah
Title: SMEs’ Financing and Banks’ Profitability: A “Good Date” for Banks in Ghana?
Abstract: 
 Small and medium enterprises (SMEs) are the core of most economies and are a major source of economic growth. In recent times, banks have been actively involved in the financing of SMEs through the provision of loans to this sector. This paper investigates the impact of SMEs financing on banks’ profitability in Ghana. The study employed the fixed effect model as the main regression tool. The study result reveals that SMEs significantly contribute to banks’ profitability in Ghana. Interestingly, transaction cost in administering SME loans was insignificant in all the models. Higher inflation reduces the real value of the loan and erodes the interest returns on the total credit to the SMEs. Conversely, growth of GDP enhances the growth of the bank profit.
Journal: Journal of African Business
Pages: 257-277
Issue: 2
Volume: 18
Year: 2017
Month: 4
X-DOI: 10.1080/15228916.2017.1285847
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1285847
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Template-Type: ReDIF-Article 1.0
Author-Name: Lyal White
Author-X-Name-First: Lyal
Author-X-Name-Last: White
Author-Name: Kathryn Van Dongen
Author-X-Name-First: Kathryn
Author-X-Name-Last: Van Dongen
Title: Internationalization of South African Retail Firms in Selected African Countries
Abstract: 
 African markets are complex environments for foreign multinationals. The continent, which has recently attracted significant attention for its rich potential and growth prospects, presents a multitude of challenges for the South African retailers leading the charge of retail expansion. This qualitative study seeks a deeper understanding of the contextual challenges experienced by these firms in other African markets, and how they have managed this process. It further engages how these firms build networks with local stakeholders and how they overcome information deficits. This study confirms the rich variety of capabilities and approaches developed by South African retailers operating across the continent, as opposed to a single standard approach. The research has further confirmed that these firms typically use SA Inc. as a country specific advantage in their expansion, leveraging off their inter-firm networks and personal exchanges to gain a better understanding of African markets and their consumers.
Journal: Journal of African Business
Pages: 278-298
Issue: 3
Volume: 18
Year: 2017
Month: 7
X-DOI: 10.1080/15228916.2017.1294884
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1294884
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Handle: RePEc:taf:wjabxx:v:18:y:2017:i:3:p:278-298




Template-Type: ReDIF-Article 1.0
Author-Name: Mebrahtu L. Teklehaimanot
Author-X-Name-First: Mebrahtu L.
Author-X-Name-Last: Teklehaimanot
Author-Name: Paul T. M. Ingenbleek
Author-X-Name-First: Paul T. M.
Author-X-Name-Last: Ingenbleek
Author-Name: Hans C. M. van Trijp
Author-X-Name-First: Hans C. M.
Author-X-Name-Last: van Trijp
Title: The Transformation of African Smallholders into Customer Value Creating Businesses: A Conceptual Framework
Abstract: 
 An increasing number of the 600 million African smallholders are becoming integrated into the supply chains of supermarkets, fast food chains, and exporters. This process gradually transforms the smallholders into profit-oriented businesses that can make important contributions to rural development and food security. This article brings this issue to the attention of the readership of the Journal of African Business. It connects distinct lines of literature on smallholders, business training, and customer value creation. More specifically, it argues that to equip smallholders with the understanding of how markets function and what customers value, trainings that address fundamental marketing concepts are required. The arguments are captured in a conceptual framework explaining the livelihood performance of rural African smallholders. Based on these arguments, the article formulates implications for development workers and suggests directions for African business research.
Journal: Journal of African Business
Pages: 299-319
Issue: 3
Volume: 18
Year: 2017
Month: 7
X-DOI: 10.1080/15228916.2017.1297628
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1297628
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Handle: RePEc:taf:wjabxx:v:18:y:2017:i:3:p:299-319




Template-Type: ReDIF-Article 1.0
Author-Name: Tibebe A. Assefa
Author-X-Name-First: Tibebe A.
Author-X-Name-Last: Assefa
Author-Name: André Varella Mollick
Author-X-Name-First: André Varella
Author-X-Name-Last: Mollick
Title: Financial Development and Economic Growth in Africa
Abstract: 
 We revisit in this paper the debate between financial development and economic growth. In contrast to previous studies examining banking related measures, we focus on the capital account and the depth of African stock markets. We examine 15 African countries from 1995 to 2010 and employ both static and dynamic panel data methods. While the former suggest weak results overall, portfolio flows and Foreign Direct Investment (FDI) have consistently positive effects on economic growth under endogenous stock market capitalization. These findings reinforce the view that African countries should open their equity markets to international investors and encourage FDI.
Journal: Journal of African Business
Pages: 320-339
Issue: 3
Volume: 18
Year: 2017
Month: 7
X-DOI: 10.1080/15228916.2017.1301162
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1301162
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Handle: RePEc:taf:wjabxx:v:18:y:2017:i:3:p:320-339




Template-Type: ReDIF-Article 1.0
Author-Name: Fitsum W. Bayissa
Author-X-Name-First: Fitsum W.
Author-X-Name-Last: Bayissa
Author-Name: Jeroen Smits
Author-X-Name-First: Jeroen
Author-X-Name-Last: Smits
Author-Name: Ruerd Ruben
Author-X-Name-First: Ruerd
Author-X-Name-Last: Ruben
Title: The Importance of Monitoring for Developing Intra-Group Trust in Ethiopian Female Workgroups
Abstract: 
 We examine the relation between intra-group trust and monitoring in a patriarchal society, and how this relation affects workgroup performance. Data were collected from 352 women who were members of 72 female workgroups in Addis Ababa by means of field experiments and a survey. The data are analyzed using multiple mediation analysis. We find that intra-group trust needs time to develop, and that trust is higher in workgroups with more monitoring. The positive relation between monitoring and trust might be explained by women’s ambition to overcome disempowerment and negative gender stereotypes. The results also indicate positive effects of intra-group trust and monitoring on workgroup performance, and that the effect of monitoring runs through its relation with trust. The last finding stresses the importance of monitoring for developing intra-group trust in these female workgroups.
Journal: Journal of African Business
Pages: 340-356
Issue: 3
Volume: 18
Year: 2017
Month: 7
X-DOI: 10.1080/15228916.2017.1307017
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1307017
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Handle: RePEc:taf:wjabxx:v:18:y:2017:i:3:p:340-356




Template-Type: ReDIF-Article 1.0
Author-Name: Franklin Amuakwa-Mensah
Author-X-Name-First: Franklin
Author-X-Name-Last: Amuakwa-Mensah
Author-Name: George Marbuah
Author-X-Name-First: George
Author-X-Name-Last: Marbuah
Author-Name: Dinah Ani-Asamoah Marbuah
Author-X-Name-First: Dinah
Author-X-Name-Last: Ani-Asamoah Marbuah
Title: Re-examining the Determinants of Non-Performing Loans in Ghana’s Banking Industry: Role of the 2007–2009 Financial Crisis
Abstract: 
 This paper uses robust econometric methods to estimate the determinants of non-performing loans (NPLs) with a specific focus on the role of the 2007–2009 financial crisis in explaining NPLs in the banking industry of Ghana. Findings suggest that non-performing loans are significantly affected by bank-specific, industry, and macroeconomic variables. We observed heterogeneity in the determinants of NPLs for sub-samples of the data. The effect of the financial crisis on NPLs is observed to be conditional on the level of credit risk in our sub-sample analysis. The results from the impulse response corroborate that of the regression estimation.
Journal: Journal of African Business
Pages: 357-379
Issue: 3
Volume: 18
Year: 2017
Month: 7
X-DOI: 10.1080/15228916.2017.1308199
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1308199
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Handle: RePEc:taf:wjabxx:v:18:y:2017:i:3:p:357-379




Template-Type: ReDIF-Article 1.0
Author-Name: Bernard Njindan Iyke
Author-X-Name-First: Bernard Njindan
Author-X-Name-Last: Iyke
Author-Name: Sin-Yu Ho
Author-X-Name-First: Sin-Yu
Author-X-Name-Last: Ho
Title: The Real Exchange Rate, the Ghanaian Trade Balance, and the J-curve
Abstract: 
 Using linear and nonlinear specifications, we studied the effects of real exchange rate changes on the trade balance of Ghana during the period 1986Q1 to 2016Q3. We found no evidence in support of the short- and long-run impact of exchange rate changes on the trade balance in the linear specification. The J-curve is refuted in this case. In contrast, exchange rate changes affected the trade balance in the nonlinear specification. Depreciations improve the trade balance in the long run, but appreciations have no impact. Hence, exchange rate changes have nonlinear effects on the trade balance. This is consistent with the J-curve phenomenon.
Journal: Journal of African Business
Pages: 380-392
Issue: 3
Volume: 18
Year: 2017
Month: 7
X-DOI: 10.1080/15228916.2017.1315706
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1315706
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Handle: RePEc:taf:wjabxx:v:18:y:2017:i:3:p:380-392




Template-Type: ReDIF-Article 1.0
Author-Name: Betty Jane Punnett
Author-X-Name-First: Betty Jane
Author-X-Name-Last: Punnett
Title: The Commonwealth Caribbean’s African Diaspora: Culture and Management
Abstract: 
 Broadly, the African Diaspora includes anyone with roots in the African continent. The World Bank estimates that this is around 140 million people. This paper focuses on the diaspora in the English-speaking/Commonwealth Caribbean. It reviews existing research, both quantitative and qualitative, on culture and management, including recent results of the LEAD research. The paper provides a new and more complete understanding of the implications of culture for managers in these countries. The paper synthesizes the results from research projects to reach conclusions about practical implications for management. The paper also suggests avenues for future research.
Journal: Journal of African Business
Pages: 41-54
Issue: 1
Volume: 20
Year: 2019
Month: 1
X-DOI: 10.1080/15228916.2018.1425078
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1425078
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:1:p:41-54




Template-Type: ReDIF-Article 1.0
Author-Name: Masud Chand
Author-X-Name-First: Masud
Author-X-Name-Last: Chand
Title: Brain Drain, Brain Circulation, and the African Diaspora in the United States
Abstract: 
 African immigrants are among the most educated immigrants in the United States. Their rising numbers and their highly educated background point to the importance of studying this growing phenomenon. The reasons for moving to the U.S. include pull factors such as better salaries, living conditions, and career opportunities, as well push factors, such as poor-quality institutions, lack of infrastructure, corruption, and nepotism in their countries of origin. African immigrants, because of their skills, resources, and networks, can help provide much needed human, social, and financial capital to their countries of origin. This paper investigates the immigration of people born in Africa to the U.S. It analyzes their backgrounds, the reasons for their move, and their activities in engaging with their countries of origin. It uses the theoretical lens of brain drain and brain circulation to analyze how these take place in the context of recent African immigration to the U.S. It proposes some ways in which African countries can best engage with their diasporas in the U.S. in a manner that is beneficial to all the three parties involved – the country of origin, the U.S., and the diaspora itself.
Journal: Journal of African Business
Pages: 6-19
Issue: 1
Volume: 20
Year: 2019
Month: 1
X-DOI: 10.1080/15228916.2018.1440461
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1440461
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:1:p:6-19




Template-Type: ReDIF-Article 1.0
Author-Name: Bella L. Galperin
Author-X-Name-First: Bella L.
Author-X-Name-Last: Galperin
Author-Name: James Michaud
Author-X-Name-First: James
Author-X-Name-Last: Michaud
Author-Name: Thomas A. Senaji
Author-X-Name-First: Thomas A.
Author-X-Name-Last: Senaji
Author-Name: Ali Taleb
Author-X-Name-First: Ali
Author-X-Name-Last: Taleb
Title: Perceptions of Leadership Effectiveness among the African Diaspora in Canada and USA
Abstract: 
 This paper investigates the applicability of leadership effectiveness factors developed in Africa to the African diaspora and compares/contrasts perceptions of effective leadership in Canada and the USA. Using quantitative data from the LEAD project, our findings suggest that the African diaspora fully relates to neither Western conceptualization nor African philosophies of leadership. The factors that achieved a good fit in both Canada and the US related to being a knowledgeable leader and effective communication skills. This paper contributes to managing a more diverse and inclusive workplace in the diaspora, and informing leadership theory and practice in Africa.
Journal: Journal of African Business
Pages: 20-40
Issue: 1
Volume: 20
Year: 2019
Month: 1
X-DOI: 10.1080/15228916.2018.1455485
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1455485
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:1:p:20-40




Template-Type: ReDIF-Article 1.0
Author-Name: Eliada Wosu Griffin-El
Author-X-Name-First: Eliada Wosu
Author-X-Name-Last: Griffin-El
Author-Name: Joy Olabisi
Author-X-Name-First: Joy
Author-X-Name-Last: Olabisi
Title: Diasporic Synergies: Conceptualizing African Entrepreneurship Based Upon Trans-Local Networks
Abstract: 
 This paper offers a theorization of African diaspora venture creation. We postulate that the motivation for forming trans-local networks – to offer security when socially vulnerable or to pursue business opportunities – mediates the relationship between the habitus of diasporic entrepreneurs and the market-orientation of their venture creation. We extend the theorization by asserting that the compositional diversity and resulting informational redundancy of the network varies depending on the motivation for its formation. This network attributes influence whether the venture is purposed to focus inwardly on the host country market, or outwardly toward contributing to the sustainability of the home country market.
Journal: Journal of African Business
Pages: 55-71
Issue: 1
Volume: 20
Year: 2019
Month: 1
X-DOI: 10.1080/15228916.2018.1469877
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1469877
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Template-Type: ReDIF-Article 1.0
Author-Name: Kwaku Ohene-Asare
Author-X-Name-First: Kwaku
Author-X-Name-Last: Ohene-Asare
Author-Name: Charles Turkson
Author-X-Name-First: Charles
Author-X-Name-Last: Turkson
Title: Total-Factor Energy Efficiency and Productivity of ECOWAS States: A Slacks-Based Measure with Undesirable Outputs
Abstract: 
 Sub-Saharan Africa consumes far less energy per capita than world energy use per capita, yet energy efficiency is far lower in Africa. The Economic Community of West African States (ECOWAS) has been active in developing an energy efficiency policy aiming to improve efficiency levels in the region to be comparable to world levels. However, benchmarks used for the policy are based on traditional efficiency and intensity ratios. We examine the energy efficiency and energy productivity changes of ECOWAS members using nonparametric non-radial efficiency and dynamic productivity assessment techniques that take into consideration undesirable outputs. We find differences in the nature and levels of energy efficiency and sources of inefficiency among member states. We also observe that the major source of energy productivity growth in the region mainly relates to technical changes outside direct state control. There is a need for institutionalization of energy efficiency in the region by considering country-specific policies.
Journal: Journal of African Business
Pages: 91-111
Issue: 1
Volume: 20
Year: 2019
Month: 1
X-DOI: 10.1080/15228916.2018.1480248
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1480248
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:1:p:91-111




Template-Type: ReDIF-Article 1.0
Author-Name: Patrick Opoku Asuming
Author-X-Name-First: Patrick Opoku
Author-X-Name-Last: Asuming
Author-Name: Lotus Gyamfuah Osei-Agyei
Author-X-Name-First: Lotus Gyamfuah
Author-X-Name-Last: Osei-Agyei
Author-Name: Jabir Ibrahim Mohammed
Author-X-Name-First: Jabir Ibrahim
Author-X-Name-Last: Mohammed
Title: Financial Inclusion in Sub-Saharan Africa: Recent Trends and Determinants
Abstract: 
 This paper conducts a comparative analysis of financial inclusion in 31 Sub-Saharan African countries using data from the global Findex database. We find that while the aggregate level of financial inclusion has increased significantly between 2011 and 2014, there are variations in both the level and rates of improvement among the countries. We also find that individual-level covariates (age, education, gender and wealth), macroeconomic variables (growth rate of GDP and presence of financial institutions) and Business Freedom are significant predictors of financial inclusion. Our findings suggest that financial inclusion policies should target key populations like women and young people.
Journal: Journal of African Business
Pages: 112-134
Issue: 1
Volume: 20
Year: 2019
Month: 1
X-DOI: 10.1080/15228916.2018.1484209
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1484209
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:1:p:112-134




Template-Type: ReDIF-Article 1.0
Author-Name: Terri R. Lituchy
Author-X-Name-First: Terri R.
Author-X-Name-Last: Lituchy
Title: Journal of African Business – Special Issue on the Diaspora
Journal: Journal of African Business
Pages: 1-5
Issue: 1
Volume: 20
Year: 2019
Month: 1
X-DOI: 10.1080/15228916.2019.1578938
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1578938
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:1:p:1-5




Template-Type: ReDIF-Article 1.0
Author-Name: Misheck Mutize
Author-X-Name-First: Misheck
Author-X-Name-Last: Mutize
Author-Name: Sean J. Gossel
Author-X-Name-First: Sean J.
Author-X-Name-Last: Gossel
Title: Sovereign Credit Rating Announcement Effects on Foreign Currency Denominated Bond and Equity Markets in Africa
Abstract: 
 This study investigates the net effect of sovereign credit rating announcements on long-term foreign currency denominated bonds and stock markets in 19 African countries over the period of 1994 to 2014. Using a combination of Granger Causality tests and Dynamic Conditional Correlation (DCC) models, the results show that there is a positive relationship between Africa’s stock and bond markets, and weak positive associations between sovereign credit ratings and bond and stock markets. These results imply that both stocks and bonds react negatively (positive) to sovereign credit downgrade (upgrade) announcements. The study further finds that sovereign rating changes affect bond prices more than stock prices because of the volatility in the magnitude of a sovereign downgrade on the default risk premium and bond yields in African markets.
Journal: Journal of African Business
Pages: 135-152
Issue: 1
Volume: 20
Year: 2019
Month: 1
X-DOI: 10.1080/15228916.2019.1580996
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1580996
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:1:p:135-152




Template-Type: ReDIF-Article 1.0
Author-Name: James Michaud
Author-X-Name-First: James
Author-X-Name-Last: Michaud
Author-Name: Terri R. Lituchy
Author-X-Name-First: Terri R.
Author-X-Name-Last: Lituchy
Author-Name: Monica Acosta
Author-X-Name-First: Monica
Author-X-Name-Last: Acosta
Author-Name: Faviola Villegas Romero
Author-X-Name-First: Faviola Villegas
Author-X-Name-Last: Romero
Author-Name: Francisco Velez-Torres
Author-X-Name-First: Francisco
Author-X-Name-Last: Velez-Torres
Author-Name: Eduardo R. Díaz
Author-X-Name-First: Eduardo R.
Author-X-Name-Last: Díaz
Title: Effective Leadership in Mexico: An Extension of the LEAD Project
Abstract: 
 This study examines the applicability of pre-existing effective leadership constructs in Mexico; as well as the commonalities and differences that native Mexicans, and Haitian immigrants, in Mexico have on perceptions of effective leadership. A survey containing both Western and African developed effective leadership measures was administered to both samples. There were significant differences between the samples regarding which leadership factors they perceived to be the most effective. Shared perceived effective factors included being an “effective communicator” and “knowledgeable”. Divergences included Ubuntu leadership which was rejected by Mexicans but approved of by Haitians. Practical recommendations for leading in Mexico are presented.
Journal: Journal of African Business
Pages: 72-90
Issue: 1
Volume: 20
Year: 2019
Month: 1
X-DOI: 10.1080/15228916.2019.1583936
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1583936
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Template-Type: ReDIF-Article 1.0
Author-Name: Aparna Gosavi
Author-X-Name-First: Aparna
Author-X-Name-Last: Gosavi
Title: Can Mobile Money Help Firms Mitigate the Problem of Access to Finance in Eastern sub-Saharan Africa?
Abstract: 
 Mobile money is a mobile-phone-based financial tool that can transfer money safely and quickly across a wide geographical area. Mobile money has transformed the way businesses in Eastern sub-Saharan Africa operate. Nowadays, banks team up with mobile-money-service providers and pay interest on deposits and grant loans based on financial transactions in mobile-money accounts. In this paper, these recent developments are investigated in order to determine whether the adoption of mobile money by firms can actually help them mitigate the vexing problem of access to finance. To answer this question, the World Bank’s Enterprise Surveys Program data set for the year 2013 is used, thus making the study applicable to the present time. The results obtained, after controlling for a large number of firm-level characteristics and using a newly introduced measure to identify access-to-finance status of the firms, indicate that firms which use mobile money are more likely to obtain loans or lines of credit. Further analysis shows that the firms that use mobile money are more productive than other firms in the region.
Journal: Journal of African Business
Pages: 343-360
Issue: 3
Volume: 19
Year: 2018
Month: 7
X-DOI: 10.1080/15228916.2017.1396791
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1396791
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Handle: RePEc:taf:wjabxx:v:19:y:2018:i:3:p:343-360




Template-Type: ReDIF-Article 1.0
Author-Name: M. Humbani
Author-X-Name-First: M.
Author-X-Name-Last: Humbani
Author-Name: M. Wiese
Author-X-Name-First: M.
Author-X-Name-Last: Wiese
Title: A Cashless Society for All: Determining Consumers’ Readiness to Adopt Mobile Payment Services
Abstract: 
 The technology readiness index was applied to determine consumers’ readiness to adopt mobile payment services and the moderating effect of gender. Gender has been identified as a key variable in adoption and its vital role in market segmentation and gender empowerment obliges its inclusion. The results of the regression analysis indicate that convenience and compatibility drive consumers’ adoption whereas risk, cost and insecurity are inhibitors. Furthermore, gender moderates only the relationship between convenience and the adoption of mobile payment services. Given the moderating effect of gender, companies should initiate advertising campaigns targeting women opinion leaders in advertisements, which can in turn encourage and educate other women to enjoy the convenience of mobile payments. Results provide insights on how to increase adoption and reduce the gender gap in mobile payment services.
Journal: Journal of African Business
Pages: 409-429
Issue: 3
Volume: 19
Year: 2018
Month: 7
X-DOI: 10.1080/15228916.2017.1396792
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1396792
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Handle: RePEc:taf:wjabxx:v:19:y:2018:i:3:p:409-429




Template-Type: ReDIF-Article 1.0
Author-Name: J. R. Minkoua Nzie
Author-X-Name-First: J. R.
Author-X-Name-Last: Minkoua Nzie
Author-Name: J. C. Bidogeza
Author-X-Name-First: J. C.
Author-X-Name-Last: Bidogeza
Author-Name: Nkwah Azinwi Ngum
Author-X-Name-First: Nkwah
Author-X-Name-Last: Azinwi Ngum
Title: Mobile Phone Use, Transaction Costs, and Price: Evidence from Rural Vegetable Farmers in Cameroon
Abstract: 
 The widespread use of mobile phones in Cameroon should be translated into increased farmers’ income by reducing information-search costs. This study seeks to investigate the effects of mobile phone use on transaction costs related to price information search. Ordinary least-square estimations reveal a positive relationship between mobile phones use and transaction costs. The results show that farmers’ use of mobile phones increases their transaction costs for carrots and tomatoes, unlike for cabbages. This paper suggests the establishment of vegetable information centers that can serve as an interface between stakeholders in agriculture by channeling adequate and timely information to farmers.
Journal: Journal of African Business
Pages: 323-342
Issue: 3
Volume: 19
Year: 2018
Month: 7
X-DOI: 10.1080/15228916.2017.1405704
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1405704
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Handle: RePEc:taf:wjabxx:v:19:y:2018:i:3:p:323-342




Template-Type: ReDIF-Article 1.0
Author-Name: Moses Mwenda Muthinja
Author-X-Name-First: Moses Mwenda
Author-X-Name-Last: Muthinja
Author-Name: Chimwemwe Chipeta
Author-X-Name-First: Chimwemwe
Author-X-Name-Last: Chipeta
Title: What Drives Financial Innovations in Kenya’s Commercial Banks? An Empirical Study on Firm and Macro-Level Drivers of Branchless Banking
Abstract: 
 This paper examines the firm- and macro-level drivers of financial innovations in Kenya’s commercial banks. We focus on branchless banking innovations, namely: mobile banking, agency banking, internet banking and automated teller machines. These financial innovations represent a departure from traditional branch based banking. We conduct an empirical analysis of the four financial innovations using Koyck distributed lag models, estimated using dynamic panel estimation with System Generalized Method of Moments. We use 10-year panel data from 42 out of 43 commercial banks in Kenya covering the years 2004–2013. We provide empirical evidence that at the firm level, branchless banking is driven by firm size, transaction cost, agency costs, technological developments at the firm level and firm constraints. In addition, at the macro level, regulation, technological developments at the macro level, incompleteness in financial markets and globalization are important drivers of branchless banking.
Journal: Journal of African Business
Pages: 385-408
Issue: 3
Volume: 19
Year: 2018
Month: 7
X-DOI: 10.1080/15228916.2017.1405705
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1405705
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Handle: RePEc:taf:wjabxx:v:19:y:2018:i:3:p:385-408




Template-Type: ReDIF-Article 1.0
Author-Name: George Okello Candiya Bongomin
Author-X-Name-First: George
Author-X-Name-Last: Okello Candiya Bongomin
Author-Name: Joseph M Ntayi
Author-X-Name-First: Joseph M
Author-X-Name-Last: Ntayi
Author-Name: John C. Munene
Author-X-Name-First: John C.
Author-X-Name-Last: Munene
Author-Name: Charles Akol Malinga
Author-X-Name-First: Charles Akol
Author-X-Name-Last: Malinga
Title: Mobile Money and Financial Inclusion in Sub-Saharan Africa: the Moderating Role of Social Networks
Abstract: 
 The purpose of this article is to test the moderating effect of social networks in the relationship between mobile money usage and financial inclusion in rural Uganda. The results revealed that there is a significant and positive moderating effect of social networks in the relationship between mobile money usage and financial inclusion in rural Uganda. Besides, mobile money usage and social networks have direct and significant effects on financial inclusion in rural Uganda. Thus, the findings suggest that existence of social networks of strong and weak ties among mobile money users promote financial inclusion in rural Uganda. Previous studies have concentrated only on investigating the impact of mobile money in promoting financial inclusion in developing economies, especially in Sub-Saharan Africa. However, this particular study introduces the moderating effect of social networks in the relationship between mobile money usage and financial inclusion in rural Uganda, which seems to be sparse and lacking in literature.
Journal: Journal of African Business
Pages: 361-384
Issue: 3
Volume: 19
Year: 2018
Month: 7
X-DOI: 10.1080/15228916.2017.1416214
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1416214
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Handle: RePEc:taf:wjabxx:v:19:y:2018:i:3:p:361-384




Template-Type: ReDIF-Article 1.0
Author-Name: Haruna Issahaku
Author-X-Name-First: Haruna
Author-X-Name-Last: Issahaku
Author-Name: Benjamin Musah Abu
Author-X-Name-First: Benjamin Musah
Author-X-Name-Last: Abu
Author-Name: Paul Kwame Nkegbe
Author-X-Name-First: Paul Kwame
Author-X-Name-Last: Nkegbe
Title: Does the Use of Mobile Phones by Smallholder Maize Farmers Affect Productivity in Ghana?
Abstract: 
 This study evaluates the effects of mobile technology on productivity and the channels of transmission of these effects. Using propensity score matching procedures, the results show that mobile phone ownership and use significantly improves agricultural productivity. Specifically, the mobile phone improves the productivity of user-farmers by at least 261.20 kg/ha per production season. Further, we find that phone ownership and use impacts productivity more than phone use only. The identified channels of effect are extension services, adoption of modern technology and market participation. These results have key policy implications for Ghana and developing economies at large.
Journal: Journal of African Business
Pages: 302-322
Issue: 3
Volume: 19
Year: 2018
Month: 7
X-DOI: 10.1080/15228916.2017.1416215
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1416215
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Handle: RePEc:taf:wjabxx:v:19:y:2018:i:3:p:302-322




Template-Type: ReDIF-Article 1.0
Author-Name: Joshua Yindenaba Abor
Author-X-Name-First: Joshua Yindenaba
Author-X-Name-Last: Abor
Author-Name: Mohammed Amidu
Author-X-Name-First: Mohammed
Author-X-Name-Last: Amidu
Author-Name: Haruna Issahaku
Author-X-Name-First: Haruna
Author-X-Name-Last: Issahaku
Title: Mobile Telephony, Financial Inclusion and Inclusive Growth
Abstract: 
 The paper employs the multipurpose nature of mobile telephony to investigate its welfare implications using a large sample of households in Ghana. We use seemingly unrelated probit and instrumental variable procedure to test for two related issues: First, we investigate whether mobile telephony promotes pro-poor development by helping households to efficiently allocate consumption and navigate out of poverty. Second, we analyze whether access to a broad array of financial services enhances the capacity of households to live worthwhile lives. The results show that mobile penetration and financial inclusion significantly reduce the probability of a household becoming poor and increase per capita household consumption of food and non-food items. Our results show that the welfare benefits of mobile telephony and financial inclusion are not more pronounced in female-headed households. These insights serve as useful guide for government and other stakeholders who are looking for avenues to improve livelihoods.
Journal: Journal of African Business
Pages: 430-453
Issue: 3
Volume: 19
Year: 2018
Month: 7
X-DOI: 10.1080/15228916.2017.1419332
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1419332
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Handle: RePEc:taf:wjabxx:v:19:y:2018:i:3:p:430-453




Template-Type: ReDIF-Article 1.0
Author-Name: Simplice Asongu
Author-X-Name-First: Simplice
Author-X-Name-Last: Asongu
Author-Name: Agyenim Boateng
Author-X-Name-First: Agyenim
Author-X-Name-Last: Boateng
Title: Introduction to Special Issue: Mobile Technologies and Inclusive Development in Africa
Journal: Journal of African Business
Pages: 297-301
Issue: 3
Volume: 19
Year: 2018
Month: 7
X-DOI: 10.1080/15228916.2018.1481307
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1481307
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File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:taf:wjabxx:v:19:y:2018:i:3:p:297-301




Template-Type: ReDIF-Article 1.0
Author-Name: Jean Kabongo
Author-X-Name-First: Jean
Author-X-Name-Last: Kabongo
Title: Twenty Years of the Journal of African Business: A Bibliometric Analysis
Abstract: 
 This article presents a bibliometric analysis of the Journal of African Business on its twentieth anniversary. The article focuses on the journal’s intellectual development by objectively examining the evolution of its 20 years of publication, including citations, co-citations, and major researched themes with visualization maps. The findings show that JAB is a young journal in the field of African business. It appears as a collection of articles, keywords, and themes that gathers knowledge. Some of these have well-defined relatedness, while others are loosely clustered together and connected by the simple fact of being published in this journal. This looseness should not be interpreted as a sign of softness but rather as an opportunity for creativity and constructive discourse and as a challenge for the next 20 years of JAB. This study is useful for contributors, readers, and editorial board members who form the journal’s community of knowledge creation.
Journal: Journal of African Business
Pages: 269-282
Issue: 2
Volume: 20
Year: 2019
Month: 4
X-DOI: 10.1080/15228916.2019.1580976
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1580976
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:2:p:269-282




Template-Type: ReDIF-Article 1.0
Author-Name: Simplice A. Asongu
Author-X-Name-First: Simplice A.
Author-X-Name-Last: Asongu
Author-Name: Nicholas M. Odhiambo
Author-X-Name-First: Nicholas M.
Author-X-Name-Last: Odhiambo
Title: Challenges of Doing Business in Africa: A Systematic Review
Abstract: 
 This paper provides a systematic review of challenges to doing business in Africa. It complements the extant literature by answering two critical questions: what are the linkages between the ease of doing business and economic development; and what are the challenges to doing business in Africa? In providing answers to these questions, the nexus between the ease of doing business and economic development is discussed in six main strands, namely: wealth creation and sharing; opportunities of employment; balanced regional and economic development; Gross Domestic Product (GDP) and GDP per capita; standards of living and exports. Moreover, challenges to doing business are articulated along the following lines: (i) issues related to the cost of starting a business and doing business; (ii) shortage of energy and electricity; (iii) lack of access to finance; and (v) high taxes and low cross-border trade.
Journal: Journal of African Business
Pages: 259-268
Issue: 2
Volume: 20
Year: 2019
Month: 4
X-DOI: 10.1080/15228916.2019.1582294
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1582294
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:2:p:259-268




Template-Type: ReDIF-Article 1.0
Author-Name: Augustin Kwasi Fosu
Author-X-Name-First: Augustin Kwasi
Author-X-Name-Last: Fosu
Author-Name: Abdul Fatawu Abass
Author-X-Name-First: Abdul Fatawu
Author-X-Name-Last: Abass
Title: Domestic Credit and Export Diversification: Africa from a Global Perspective
Abstract: 
 As open economies, African countries need to diversify their exports for economic transformation, sustained growth, and development. Meanwhile, there has been increasing importance of development financing. Following the discussion of theoretical issues on the importance of domestic credit as a potential instrument for overcoming the liquidity constraint of developing countries, as in the case of Africa, this paper empirically explores the determinants of export diversification, with particular attention to domestic credit. The estimation is based on a five-year panel regression analysis for the 1962–2010 period involving 80 countries around the world, of which 62 are developing and 29 African countries, using as covariates variables traditionally viewed as affecting export diversification. System GMM estimates provide robust evidence supporting the importance of domestic credit for African countries, while its role in other countries seems rather marginal. In addition, human capital in the form of schooling, governance as measured by constraint on the chief executive of government, and being land-locked, all exert significant effects, as anticipated, on export diversification among African countries. However, except for governance, appropriately controlling for the interactive effect of domestic credit with ‘Africa’ yields generally insignificant impacts of these variables, together with domestic credit, on export diversification in non-African countries. These results point to the dominant role of domestic credit in Africa vis-à-vis other countries globally.
Journal: Journal of African Business
Pages: 160-179
Issue: 2
Volume: 20
Year: 2019
Month: 4
X-DOI: 10.1080/15228916.2019.1582295
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1582295
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Template-Type: ReDIF-Article 1.0
Author-Name: Kofi Q. Dadzie
Author-X-Name-First: Kofi Q.
Author-X-Name-Last: Dadzie
Author-Name: Charlene A. Dadzie
Author-X-Name-First: Charlene A.
Author-X-Name-Last: Dadzie
Author-Name: Evelyn M. Winston
Author-X-Name-First: Evelyn M.
Author-X-Name-Last: Winston
Title: The Transitioning of Marketing Practices from Segment to Customer-Centric Marketing in the African Business Context: Toward a Theoretical Research Framework
Abstract: 
 Although marketing has long been posited to be shifting from segment marketing to customer-centric marketing, there is little theoretical insight into the status of such transformation, especially in emerging African economies. Therefore, this paper develops an integrated theoretical framework for assessing (a) the extent to which firms in African economies use the segment marketing mix (4Ps) versus the customer-centric marketing mix (4As) as well as (b) their antecedents and performance outcomes. Propositions drawn from qualitative data and theoretical tenets in strategic management and in institutional theory are offered to guide systematic empirical research.
Journal: Journal of African Business
Pages: 206-223
Issue: 2
Volume: 20
Year: 2019
Month: 4
X-DOI: 10.1080/15228916.2019.1583978
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1583978
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:2:p:206-223




Template-Type: ReDIF-Article 1.0
Author-Name: Paul T. M. Ingenbleek
Author-X-Name-First: Paul T. M.
Author-X-Name-Last: Ingenbleek
Title: The Endogenous African Business: Why and How It Is Different, Why It Is Emerging Now and Why It Matters
Abstract: 
 Africa is currently undergoing a transition that is unprecedented in its history. For the first time, the demand of urban populations pulls business development, thus creating economies with higher levels of specialization than before. This essay highlights the phenomenon of the endogenous African businesses that are arising in this process. These businesses tap into the natural resources and the social, economic, and cultural systems that build upon them. These resources and systems make the African business environment different from business environments in other parts of the world. Furthermore, the endogenous businesses have access to knowledge on how to manage modern businesses in the formal sector of the economy. In combination with African resources and systems, such knowledge enables them to create and sustain and competitive advantage in modern dynamic marketplaces. Endogenous African businesses are important because they have the potential to fuel economic growth, to revitalize rural areas, to contribute to food security and healthy diets, and to provide role models of which Africans can be proud. Hence, these businesses deserve our attention in the next two decades of scholarly research and education on African business.
Journal: Journal of African Business
Pages: 195-205
Issue: 2
Volume: 20
Year: 2019
Month: 4
X-DOI: 10.1080/15228916.2019.1583979
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1583979
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Template-Type: ReDIF-Article 1.0
Author-Name: Jacob W. Musila
Author-X-Name-First: Jacob W.
Author-X-Name-Last: Musila
Title: Anticorruption Strategies in Sub-Saharan Africa: Lessons from Experience and Ingredients of a Successful Strategy
Abstract: 
 The effects of corruption on economic development have been extensively examined. There is overwhelming evidence that corruption is detrimental to economic progress. This, in turn, has provided the rationale to combat corruption. With the insistence of international development partners, many countries in Sub-Saharan Africa have put in place anticorruption strategies to fight corruption. This paper looks at the strategies adopted by some Sub-Saharan African countries to combat corruption with a view to identifying the strengths and weaknesses. Based on the successes or failures of the strategies in the cases examined, the elements that constitute a successful anticorruption strategy are identified. Of the ingredients of anticorruption strategy examined in the paper, the political will to fight corruption appears to be the overriding factor in mounting a successful anticorruption campaign. Besides identifying the necessary factors for a successful anticorruption strategy, the paper also serves as an update on the state of corruption in Sub-Saharan Africa and the literature on the causes of corruption.
Journal: Journal of African Business
Pages: 180-194
Issue: 2
Volume: 20
Year: 2019
Month: 4
X-DOI: 10.1080/15228916.2019.1583980
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1583980
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:2:p:180-194




Template-Type: ReDIF-Article 1.0
Author-Name: Neema Mori
Author-X-Name-First: Neema
Author-X-Name-Last: Mori
Author-Name: Evelyn Richard
Author-X-Name-First: Evelyn
Author-X-Name-Last: Richard
Title: Board Gender Diversity: Challenges and Implications for Corporations in the East African Community
Abstract: 
 East African Community’s (EAC) corporations are required to follow a regional treaty of mainstreaming gender equality. This article discusses challenges encountered by corporate boards of the EAC’s corporations when adding women. Agency and resource dependence theories led the study, while a review of the literature was the methodology. We discuss the benefits of diverse boards and challenges faced when developing this diversity. We show how power distance, masculinity, and certainty avoidance prevent women from corporate boards. Furthermore, we discuss how social orientation and business environment impact women’s participation. The article discusses various strategies to be considered for increasing diversity.
Journal: Journal of African Business
Pages: 224-241
Issue: 2
Volume: 20
Year: 2019
Month: 4
X-DOI: 10.1080/15228916.2019.1597324
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1597324
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Template-Type: ReDIF-Article 1.0
Author-Name: Raphaël Nkakleu
Author-X-Name-First: Raphaël
Author-X-Name-Last: Nkakleu
Author-Name: Altante Désirée Biboum
Author-X-Name-First: Altante Désirée
Author-X-Name-Last: Biboum
Title: Governance and Performance of Strategic Alliances in Africa: The Role of Institutions
Abstract: 
 This article seeks to contribute to the institutional perspective of the governance of strategic intercompany alliances in Africa, through examination and analysis of a typology of informal African institutions. We support the view that interactions in African institutions determine the pertinent choice of governance mechanisms for intercompany alliances. In African institutional environments, the success of strategic alliances is subject to differentiated interactions among the contract, institutional confidence, interpersonal confidence and inter-organizational confidence. In the area of strategic management, this article provides theoretical and managerial contributions to our understanding of the institutional approach to the governance of strategic business alliances in Africa.
Journal: Journal of African Business
Pages: 242-258
Issue: 2
Volume: 20
Year: 2019
Month: 4
X-DOI: 10.1080/15228916.2019.1607145
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1607145
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Template-Type: ReDIF-Article 1.0
Author-Name: Simon P. Sigué
Author-X-Name-First: Simon P.
Author-X-Name-Last: Sigué
Title: In Celebration of the 20th Anniversary of Journal of African Business
Journal: Journal of African Business
Pages: 155-159
Issue: 2
Volume: 20
Year: 2019
Month: 4
X-DOI: 10.1080/15228916.2019.1607421
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1607421
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Template-Type: ReDIF-Article 1.0
Author-Name: Sam Okoroafo
Author-X-Name-First: Sam
Author-X-Name-Last: Okoroafo
Title: To Our Loyal Patrons
Journal: Journal of African Business
Pages: 153-154
Issue: 2
Volume: 20
Year: 2019
Month: 4
X-DOI: 10.1080/15228916.2019.1607427
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1607427
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Template-Type: ReDIF-Article 1.0
Author-Name: David O Fadiran
Author-X-Name-First: David O
Author-X-Name-Last: Fadiran
Title: Do De Jure Institutions Matter for Foreign Direct Investment Flows in Nigeria?
Abstract: 
 In this study, the role of institutions as a determining factor in foreign direct investment (FDI) attraction into a developing country such as Nigeria is investigated. The study makes use of recently constructed measures of institutions’ quality that cover three separate categories: civil and political liberties, freehold property rights and non-freehold (Customary) property rights, with particular attention given to the two property rights. The findings suggest that, in the case of Nigeria, in the short run, institutions do play a role in determining FDI attraction. In addition, the study highlights the need to unbundle institutions, given that specific aspects of freehold property rights have a positive and significant impact on FDI, even though freehold property rights as whole does not have a significant impact.
Journal: Journal of African Business
Pages: 1-19
Issue: 1
Volume: 21
Year: 2020
Month: 1
X-DOI: 10.1080/15228916.2019.1583975
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1583975
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Template-Type: ReDIF-Article 1.0
Author-Name: James B. Abugre
Author-X-Name-First: James B.
Author-X-Name-Last: Abugre
Title: The Moderating Role of Affective Interpersonal Conflict on Managerial Decision-making and Organizational Performance in Private Sector Organizations: A Study of Ghana
Abstract: 
 The issue of interpersonal conflict has been a thorny issue in high-power distant environments due to disagreement and divergence of superior and subordinate views resulting from managerial decision-making. This work looks at the moderating role of affective interpersonal conflict on managerial decision-making and organizational performance. A quantitative methodology was used to sample 197 managers from 10 private sector organizations in Ghana. By means of structural equation modeling and hierarchical regression, findings showed that there is a significant positive relationship between managerial decision-making and how organizations performance. Findings also showed that there is a negative relationship between affective interpersonal conflict and organizational performance. Our major finding revealed that affective interpersonal conflict moderates the relationship between managerial decision-making and organizational performance. The article recommends prudence in decision-making by managers in the sub-Saharan African business environment. Prudent decision-making by managers is akin to ethical decision-making, which resides in moral and theological philosophies that are fundamentally in the realm of management and business and are also concerned with explaining and predicting employees’ actual behaviors.
Journal: Journal of African Business
Pages: 20-41
Issue: 1
Volume: 21
Year: 2020
Month: 1
X-DOI: 10.1080/15228916.2019.1596707
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1596707
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Template-Type: ReDIF-Article 1.0
Author-Name: Abdoulaye Seck
Author-X-Name-First: Abdoulaye
Author-X-Name-Last: Seck
Title: Heterogeneous Bribe Payments and Firms’ Performance in Developing Countries
Abstract: 
 This paper reexamines the relationship between bribery and firms’ performance with a recognition that not all illegal payments are equal over the business life cycle. Some payments are in effect more likely to occur during firms’ establishment or expansion, such as when obtaining an operating license, a construction permit or a connection to public utilities, while others tend to occur during regular activities, for instance when dealing with tax or customs officials. Using data from the World Bank’s Entreprise Surveys of more than 46,000 firms across 69 developing countries, and an empirical model that accounts for both endogeneity of and self-selection into bribery, the results suggest that corruption greases the wheels of commerce for infant and expanding firms, as it is associated with increased productivity, investment, and likelihood to enter export markets. However, for firms in their regular activities, corruption acts more like sand in the wheels, as it harms performance. This heterogeneous nature of illegal payments along the business life cycle calls for differentiated and targeted policies aiming at curbing corruption in developing countries.
Journal: Journal of African Business
Pages: 42-61
Issue: 1
Volume: 21
Year: 2020
Month: 1
X-DOI: 10.1080/15228916.2019.1587806
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1587806
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Template-Type: ReDIF-Article 1.0
Author-Name: Ernest Yaw Tweneboah-Koduah
Author-X-Name-First: Ernest Yaw
Author-X-Name-Last: Tweneboah-Koduah
Author-Name: Matilda Adams
Author-X-Name-First: Matilda
Author-X-Name-Last: Adams
Author-Name: Kwamina Minta Nyarku
Author-X-Name-First: Kwamina Minta
Author-X-Name-Last: Nyarku
Title: Using Theory in Social Marketing to Predict Waste Disposal Behaviour among Households in Ghana
Abstract: 
 The study sought to examine how a behavioral change theory (theory of planned behavior) could be used in social marketing to predict households’ waste disposal behavior in Ghana. A quantitative approach using self-administered questionnaires was used for this study. Empirical data was drawn from 343 respondents in the Greater Accra Region. Structural Equation Modelling was used to analyze the hypothesized paths/relationships. The study found that attitude was the strongest predictor of behavior, followed by subjective norm and then intention. In relation to waste disposal behavior, this paper provides evidence for issues of potential research and managerial interest. Practically, the study findings will help social marketing implementers and policy-makers to develop effective waste disposal intervention programs using variables that are applicable in our context. This study appears to be the first to systematically and quantitatively apply the Theory of Planned Behavior (TPB) in social marketing to investigate waste disposal behavior in an emerging economy context, thus providing empirical evidence for academics, practitioners and public service practises.
Journal: Journal of African Business
Pages: 62-77
Issue: 1
Volume: 21
Year: 2020
Month: 1
X-DOI: 10.1080/15228916.2019.1597323
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1597323
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Template-Type: ReDIF-Article 1.0
Author-Name: Mulatu Zerihun
Author-X-Name-First: Mulatu
Author-X-Name-Last: Zerihun
Author-Name: Marthinus Breitenbach
Author-X-Name-First: Marthinus
Author-X-Name-Last: Breitenbach
Author-Name: Bernard Njindan Iyke
Author-X-Name-First: Bernard
Author-X-Name-Last: Njindan Iyke
Title: A Comparative Analysis of Currency Volatility among BRICS Countries
Abstract: 
 In recent years, exchange rates of the BRICS countries have all experienced periods of high volatility. Thus far, no study has simultaneously compared the volatility of the BRICS currencies and analyzed the dependence and causal structure of relative volatility of these peer currencies. We addressed this issue by using monthly data from January 1995 to January 2017. We find that:(i) Brazil, India and China are more competitive than South Africa, on average, while South Africa, in turn, is only more competitive than Russia;(ii) the rand has been more volatile than the Brazilian real and the Russian ruble, but less volatile than the Chinese renminbi and the Indian rupee; (iii) there are inter-currency volatility correlations among the real, renminbi, ruble, and rand;(iv) the renminbi return volatility causes return volatility in the real, ruble, and rand.
Journal: Journal of African Business
Pages: 78-104
Issue: 1
Volume: 21
Year: 2020
Month: 1
X-DOI: 10.1080/15228916.2019.1587805
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1587805
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Handle: RePEc:taf:wjabxx:v:21:y:2020:i:1:p:78-104




Template-Type: ReDIF-Article 1.0
Author-Name: Abel Mawuko Agoba
Author-X-Name-First: Abel Mawuko
Author-X-Name-Last: Agoba
Author-Name: Joshua Yindenaba Abor
Author-X-Name-First: Joshua Yindenaba
Author-X-Name-Last: Abor
Author-Name: Kofi Achampong Osei
Author-X-Name-First: Kofi Achampong
Author-X-Name-Last: Osei
Author-Name: Jarjisu Sa-Aadu
Author-X-Name-First: Jarjisu
Author-X-Name-Last: Sa-Aadu
Title: Do Independent Central Banks Exhibit Varied Behaviour in Election and Non-Election Years?: The Case of Fiscal Policy in Africa
Abstract: 
 The study primarily investigates if the behavior and effectiveness of CBI on fiscal policy varies between non-election and election years. It also examines whether the effectiveness of CBI in improving fiscal performance is enhanced by higher institutional quality. Using recent CBI data f on 48 African countries, 90 other developing countries and 40 developed countries over the period 1970–2012, we apply a two-stage system GMM with Windmeijer  small sample robust correction estimator and find that due to the strong incentives of political authorities to influence economic outcomes in election years, CBI has stronger effects on fiscal performance in election years compared to non-election years in developed countries only. However, given higher levels of institutional quality, CBI has stronger effects on fiscal performance in election years compared to non-election years in Africa and other developing countries also.
Journal: Journal of African Business
Pages: 105-125
Issue: 1
Volume: 21
Year: 2020
Month: 1
X-DOI: 10.1080/15228916.2019.1584263
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1584263
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Template-Type: ReDIF-Article 1.0
Author-Name: Michel Cyrille Samba
Author-X-Name-First: Michel Cyrille
Author-X-Name-Last: Samba
Author-Name: Christophe Mbassi
Author-X-Name-First: Christophe
Author-X-Name-Last: Mbassi
Title: Business Cycle Synchronization: A Reassessment of the Optimum Currency Area Theory within the CFA Franc Zone
Abstract: 
 he main purpose of this paper is to assess the synchronization of business cycles within the Franc zone countries for the period 1990–2013. For this purpose, we use supply and demand shocks and then construct an indicator of dispersion. Our results suggest that supply shocks in the CFA Franc zone tend to be symmetric after the year 2000. In contrast, Franc zone member states seem to have become more and more different and exposed to asymmetric demand shocks, especially after the year 2000. Results based on the computation of an indicator of dispersion highight the existence of business cycle synchronization in terms of demand shocks during the period of study. On their part, supply shocks appear to be synchronized only after the year 2000. Finally, a great number of countries still incur important costs due to their membership of the currency union and are consequently a source of cyclical divergence.
Journal: Journal of African Business
Pages: 126-144
Issue: 1
Volume: 21
Year: 2020
Month: 1
X-DOI: 10.1080/15228916.2019.1607143
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1607143
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Handle: RePEc:taf:wjabxx:v:21:y:2020:i:1:p:126-144




Template-Type: ReDIF-Article 1.0
Author-Name: Sheilla Nyasha
Author-X-Name-First: Sheilla
Author-X-Name-Last: Nyasha
Author-Name: Nicholas M. Odhiambo
Author-X-Name-First: Nicholas M.
Author-X-Name-Last: Odhiambo
Title: Banks, Stock Market Development and Economic Growth in Kenya: An Empirical Investigation
Abstract: 
 In this paper, we have examined the impact of both bank- and market-based financial development on economic growth in Kenya during the period 1980 to 2012, using the autoregressive distributed lag bounds testing approach. To capture as far as possible the breadth and depth of the Kenyan bank- and market-based financial systems, the study employs the method of means-removed average to construct both bank- and market-based financial development indices from an array of banking sector and stock market variables. The empirical results of this study show that market-based financial development has a positive impact on economic growth in Kenya. However, the results have also shown that bank-based financial development has no impact on economic growth in the study country. These results apply irrespective of whether the regression analysis is conducted in the long run or in the short run. The findings of this study, therefore, lend more support to pro-market-based financial development policies in Kenya.
Journal: Journal of African Business
Pages: 1-23
Issue: 1
Volume: 18
Year: 2017
Month: 1
X-DOI: 10.1080/15228916.2016.1216232
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1216232
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Template-Type: ReDIF-Article 1.0
Author-Name: Vanessa S. Tchamyou
Author-X-Name-First: Vanessa S.
Author-X-Name-Last: Tchamyou
Author-Name: Simplice A. Asongu
Author-X-Name-First: Simplice A.
Author-X-Name-Last: Asongu
Title: Information Sharing and Financial Sector Development in Africa
Abstract: 
 This study investigates the effect information sharing has on financial sector development in 53 African countries for the period 2004 to 2011. Information sharing is measured with private credit bureaus and public credit registries. Hitherto unexplored dimensions of financial sector development are employed, namely: financial sector dynamics of formalization, informalization, and non-formalization. The empirical evidence is based on Ordinary Least Squares (OLS) and Generalized Method of Moments (GMM). The following findings are established. Information-sharing bureaus increase (reduce) formal (informal/non-formal) financial sector development. In order to ensure that information-sharing bureaus improve (decrease) formal (informal/non-formal) financial development, public credit registries should have between 45.45 and 50% coverage while private credit bureaus should have at least 26.25% coverage.
Journal: Journal of African Business
Pages: 24-49
Issue: 1
Volume: 18
Year: 2017
Month: 1
X-DOI: 10.1080/15228916.2016.1216233
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1216233
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Template-Type: ReDIF-Article 1.0
Author-Name: Olorunjuwon Michael Samuel
Author-X-Name-First: Olorunjuwon Michael
Author-X-Name-Last: Samuel
Author-Name: Sakhile Mqomboti
Author-X-Name-First: Sakhile
Author-X-Name-Last: Mqomboti
Title: Developing an Integrative CSR Model: Imperative for Cultural and Consultative Dimensions
Abstract: 
 Corporate organizations conducting business in developing economies have increased their corporate social responsibility (CSR) activities over time. However, some of these CSR projects have attracted criticism, controversy, and conflicts, thus creating an acrimonious relationship between affected corporate organizations and host communities. A deductive explanation of this phenomenon has been attributed to the default in the approach adopted by corporate organizations when initiating and implementing CSR projects. This has motivated the need to expand the categorization of CSR that was developed by Carroll, in order to incorporate additional dimensions that are environmentally specific and crucial to the success of CSR programs in South Africa. Using a case study research design and a qualitative research approach, this paper developed an integrated CSR model that provides a framework for CSR initiatives in South Africa.
Journal: Journal of African Business
Pages: 50-69
Issue: 1
Volume: 18
Year: 2017
Month: 1
X-DOI: 10.1080/15228916.2016.1219174
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1219174
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Handle: RePEc:taf:wjabxx:v:18:y:2017:i:1:p:50-69




Template-Type: ReDIF-Article 1.0
Author-Name: Indranarain Ramlall
Author-X-Name-First: Indranarain
Author-X-Name-Last: Ramlall
Author-Name: Faadilah Mamode
Author-X-Name-First: Faadilah
Author-X-Name-Last: Mamode
Title: A Critical Assessment of Basel III and its Implications on the Mauritian Banking Sector
Abstract: 
 This paper probes into the application of Basel III in Mauritius. Findings show that although Mauritian banks are well-capitalized and carry excess liquidity, they will have to restructure their balance sheets by incorporating highly liquid assets such as government securities. While Basel III will foster greater financial stability, this will translate into lower supply of credit, higher cost of credit and lower returns with potential strains on SME lending. Similarly, Bank of Mauritius’s ability to control credit growth will be hindered because banks’ existing leverage ratios are already higher than the stipulated minimum leverage ratio of 3%. To harness the full benefits of the reforms, additional measures tailored to the specificities of the Mauritian economy will be needed. Other challenges prevail like establishing robust data management, risk methodologies, reporting systems and IT architecture as well as identifying the timing and the size of the Countercyclical Capital Buffer. Local banks anticipate Basel IV in the coming years as a refined tool.
Journal: Journal of African Business
Pages: 70-101
Issue: 1
Volume: 18
Year: 2017
Month: 1
X-DOI: 10.1080/15228916.2016.1219176
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1219176
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Handle: RePEc:taf:wjabxx:v:18:y:2017:i:1:p:70-101




Template-Type: ReDIF-Article 1.0
Author-Name: Ibrahim Osman Adam
Author-X-Name-First: Ibrahim Osman
Author-X-Name-Last: Adam
Author-Name: Alhassan Musah
Author-X-Name-First: Alhassan
Author-X-Name-Last: Musah
Author-Name: Muazu Ibrahim
Author-X-Name-First: Muazu
Author-X-Name-Last: Ibrahim
Title: Putting the Cart before the Horse? Re-Examining the Relationship between Domestic Savings and Economic Growth in Selected Sub-Saharan African Countries
Abstract: 
 In addition to the standard Granger causality, this paper employs the Toda–Yamamoto approach and instantaneous causality test to examine the causal relationship between domestic savings and economic growth in 10 sub-Saharan African countries utilizing time series data. Findings from both the standard Granger causality and Toda–Yamamoto approach are consistent and robust only in five countries where domestic savings and economic growth are completely independent in three countries. For the remaining two, causality runs from savings to growth. However, for the other five countries, findings produced from both causality tests are grossly inconsistent and mixed leaving us under a quandary although the Toda–Yamamoto test is often reliable on account of its ability to avoid misleading results associated with the asymptotic nature of the standard Granger causality test. Our findings further reveal an instantaneous unidirectional causality from domestic savings to economic growth for only Benin, Mali, and South Africa suggesting that savings-led growth is rapid for these countries. We conclude based on our findings that the myriad of ‘evidence’ in earlier studies on savings-growth causality should be treated with caution given that methodological differences can produce misleading results with the potential of misdirecting policy.
Journal: Journal of African Business
Pages: 102-123
Issue: 1
Volume: 18
Year: 2017
Month: 1
X-DOI: 10.1080/15228916.2016.1225472
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1225472
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Template-Type: ReDIF-Article 1.0
Author-Name: Abdul Latif Alhassan
Author-X-Name-First: Abdul Latif
Author-X-Name-Last: Alhassan
Author-Name: Michael Lawer Tetteh
Author-X-Name-First: Michael Lawer
Author-X-Name-Last: Tetteh
Title: Non-Interest Income and Bank Efficiency in Ghana: A Two-Stage DEA Bootstrapping Approach
Abstract: 
 This paper examines the effect of the inclusion of non-interest income on efficiency and economies of scale of Ghanaian banks in a two-stage analysis. The data envelopment analysis technique is employed to estimate efficiency scores with and without non-interest income of 26 Ghanaian banks from 2003 to 2011 in the first-stage analysis. In the second stage, a truncated bootstrapped regression is estimated to examine the effect of contextual variables on bootstrapped efficiency scores. The findings indicate that the exclusion of non-interest income as output variable leads to the under-estimation of efficiency scores. From the second-stage regression analysis, we find a curve-linear relationship between bank size and efficiency to suggest that bank efficiency increases as size also increase due to economies of scale but only up to an optimal point after which inefficiency sets. Market concentration, leverage, and loan loss provisions are also identified as the other significant determinants of efficiency. Policy implications for improving bank efficiency are discussed.
Journal: Journal of African Business
Pages: 124-142
Issue: 1
Volume: 18
Year: 2017
Month: 1
X-DOI: 10.1080/15228916.2016.1227668
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1227668
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Handle: RePEc:taf:wjabxx:v:18:y:2017:i:1:p:124-142




Template-Type: ReDIF-Article 1.0
Author-Name: Godfred Alufar Bokpin
Author-X-Name-First: Godfred Alufar
Author-X-Name-Last: Bokpin
Author-Name: Charles Ackah
Author-X-Name-First: Charles
Author-X-Name-Last: Ackah
Author-Name: Mark Edem Kunawotor
Author-X-Name-First: Mark Edem
Author-X-Name-Last: Kunawotor
Title: Financial Access and Firm Productivity in Sub-Saharan Africa
Abstract: 
 The paper investigates the effect of access to finance on the productivity of manufacturing firms in Sub-Saharan Africa. With the aid of the Semi-parametric approach by Levinsohn and Petrin, findings reveal that access to a cost-effective line of credit/loan or an overdraft facility has a positive effect on firm productivity. The study, therefore, concludes that it is of outmost benefit for firms to acquire credit facilities for more productive projects and that the credit constraints firms in Africa face should be significantly relaxed.
Journal: Journal of African Business
Pages: 210-226
Issue: 2
Volume: 19
Year: 2018
Month: 4
X-DOI: 10.1080/15228916.2018.1392837
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1392837
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Handle: RePEc:taf:wjabxx:v:19:y:2018:i:2:p:210-226




Template-Type: ReDIF-Article 1.0
Author-Name: Emmanuel Numapau Gyamfi
Author-X-Name-First: Emmanuel
Author-X-Name-Last: Numapau Gyamfi
Title: Adaptive Market Hypothesis: Evidence from the Ghanaian Stock Market
Abstract: 
 This study examines the return predictability of two indices – the GSEALSH index and the GSEFSII index on the Ghana stock market. We compare results from analyzing the return series between January 4, 2011 and August 28, 2015 using the generalized spectral test, the automatic portmanteau Box-Pierce test and the wild-bootstrapped automatic variance ratio test. A rolling window approach is used to track whether returns are predictable or not through time. It was observed that the GSEALSH index was more highly predictable than the GSEFSII index in all the three tests. The results obtained are consistent with the Adaptive Market Hypothesis.
Journal: Journal of African Business
Pages: 195-209
Issue: 2
Volume: 19
Year: 2018
Month: 4
X-DOI: 10.1080/15228916.2018.1392838
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1392838
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Template-Type: ReDIF-Article 1.0
Author-Name: Prince Boakye Frimpong
Author-X-Name-First: Prince Boakye
Author-X-Name-Last: Frimpong
Author-Name: Akua Oforiwaa Antwi
Author-X-Name-First: Akua Oforiwaa
Author-X-Name-Last: Antwi
Author-Name: Samuel Ebi Yamike Brew
Author-X-Name-First: Samuel Ebi Yamike
Author-X-Name-Last: Brew
Title: Effect of Energy Prices on Economic Growth in the ECOWAS Sub-Region: Investigating the Channels Using Panel Data
Abstract: 
 The article empirically examines the effect of energy prices on economic growth within the Economic Community of West African States sub-region by acknowledging that the effect of energy prices on growth is quintessentially indirect and hence can be tracked through some channels. Exploiting the System Generalized Methods of Moments estimation technique for the period spanning 2002–2015, the results indicate that the overall effect of energy prices on economic growth is significantly negative. This effect propagates mainly through government consumption expenditure and investment, albeit its effect through real interest rate is positive. However, its negative effects on government consumption, investment, and exchange rate significantly overwhelm the positive effect from real interest rate.
Journal: Journal of African Business
Pages: 227-243
Issue: 2
Volume: 19
Year: 2018
Month: 4
X-DOI: 10.1080/15228916.2017.1405706
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1405706
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Handle: RePEc:taf:wjabxx:v:19:y:2018:i:2:p:227-243




Template-Type: ReDIF-Article 1.0
Author-Name: Charles Makanyeza
Author-X-Name-First: Charles
Author-X-Name-Last: Makanyeza
Author-Name: Tendai Linah Chitambara
Author-X-Name-First: Tendai Linah
Author-X-Name-Last: Chitambara
Author-Name: Nicholas Zivengwa Kakava
Author-X-Name-First: Nicholas Zivengwa
Author-X-Name-Last: Kakava
Title: Does Corporate Social Responsibility Influence Firm Performance? Empirical Evidence from Harare, Zimbabwe
Abstract: 
 The influence of the dimensions of corporate social responsibility on firm performance are tested in Harare, Zimbabwe using perceptual data from a sample of 155 firms over a period of three years. Structural equation modeling was used to test the research hypotheses. The study found that employee relations, customer relations, community relations and investor relations all had a positive effect on firm performance. Environmental relations, diversity relations and supplier relations all did not influence firm performance. The study has implications on theory, policy and practice, and future research.
Journal: Journal of African Business
Pages: 155-173
Issue: 2
Volume: 19
Year: 2018
Month: 4
X-DOI: 10.1080/15228916.2017.1410047
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1410047
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Handle: RePEc:taf:wjabxx:v:19:y:2018:i:2:p:155-173




Template-Type: ReDIF-Article 1.0
Author-Name: Beatrice D. Simo-Kengne
Author-X-Name-First: Beatrice D.
Author-X-Name-Last: Simo-Kengne
Author-Name: Kofi Agyarko Ababio
Author-X-Name-First: Kofi Agyarko
Author-X-Name-Last: Ababio
Author-Name: Jules Mba
Author-X-Name-First: Jules
Author-X-Name-Last: Mba
Author-Name: Ur Koumba
Author-X-Name-First: Ur
Author-X-Name-Last: Koumba
Author-Name: Makgale Molepo
Author-X-Name-First: Makgale
Author-X-Name-Last: Molepo
Title: Risk, Uncertainty and Exchange Rate Behavior in South Africa
Abstract: 
 This study investigates the role of market sentiment and foreign policy uncertainty in explaining rand price fluctuations using monthly data from 1995M2 to 2017M8. Empirical results from the pair copula analysis indicate no dependence between foreign policy uncertainties and rand returns when market sentiment is controlled for. Furthermore, change in market sentiment seems to drive fluctuations in rand exchange rate suggesting that exchange rate behavior is indeed unpredictable as market sentiment captures both risk and uncertainty. These results are robust across pre- and post-recent financial crisis periods; hence confirming the ability of pair copula to model extreme events.
Journal: Journal of African Business
Pages: 262-278
Issue: 2
Volume: 19
Year: 2018
Month: 4
X-DOI: 10.1080/15228916.2017.1413627
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1413627
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Template-Type: ReDIF-Article 1.0
Author-Name: George Okello Candiya Bongomin
Author-X-Name-First: George
Author-X-Name-Last: Okello Candiya Bongomin
Author-Name: Joseph M. Ntayi
Author-X-Name-First: Joseph M.
Author-X-Name-Last: Ntayi
Author-Name: John C. Munene
Author-X-Name-First: John C.
Author-X-Name-Last: Munene
Author-Name: Charles Akol Malinga
Author-X-Name-First: Charles Akol
Author-X-Name-Last: Malinga
Title: Institutions and Financial Inclusion in Rural Uganda: the Mediating Role of Social Capital
Abstract: 
 The study examined the mediating role of social capital in the relationship between institutions and financial inclusion of poor households in rural Uganda. Cross-sectional design was adopted and data were collected and analyzed using SPSS/20, MedGraph and Sobel-z test. The findings indicated that social capital partially mediates the relationship between institutions and financial inclusion. Besides, institutions and financial inclusion are significantly related. Thus, managers of financial institutions, financial inclusion working groups, and policy makers should pay more attention to the role of social capital in promoting cooperative behavior among the poor in accessing scarce resources such as financial services.
Journal: Journal of African Business
Pages: 244-261
Issue: 2
Volume: 19
Year: 2018
Month: 4
X-DOI: 10.1080/15228916.2018.1425961
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1425961
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Handle: RePEc:taf:wjabxx:v:19:y:2018:i:2:p:244-261




Template-Type: ReDIF-Article 1.0
Author-Name: Ahmed Tijani Salifu
Author-X-Name-First: Ahmed Tijani
Author-X-Name-Last: Salifu
Author-Name: Zakiya Tofik-Abu
Author-X-Name-First: Zakiya
Author-X-Name-Last: Tofik-Abu
Author-Name: M. Arifur Rahman
Author-X-Name-First: M. Arifur
Author-X-Name-Last: Rahman
Author-Name: Mohammed Aminu Sualihu
Author-X-Name-First: Mohammed Aminu
Author-X-Name-Last: Sualihu
Title: Determinants of Loan Repayment Performance of Small and Medium Enterprises (SMEs) in Ghana: The Case of Asante Akyem Rural Bank
Abstract: 
 We examine the role of a typical set of determinants of loan repayment performance of SMEs in the context of a rural bank’s setting in Ghana. Our analysis using survey data suggests that, while higher application cost, loan size and interest rate exert significantly negative influence on loan repayment, higher educational background of the SME operators is associated with significantly better repayment performance. Interestingly, in comparison with those with only primary-level education, SME operators with tertiary education register the best repayment performance followed by those with secondary education. We provide detailed discussion and managerial implications of these findings.
Journal: Journal of African Business
Pages: 279-296
Issue: 2
Volume: 19
Year: 2018
Month: 4
X-DOI: 10.1080/15228916.2018.1440460
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1440460
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Template-Type: ReDIF-Article 1.0
Author-Name: Eric Yeboah-Asiamah
Author-X-Name-First: Eric
Author-X-Name-Last: Yeboah-Asiamah
Author-Name: Bedman Narteh
Author-X-Name-First: Bedman
Author-X-Name-Last: Narteh
Author-Name: Mahmoud Abdulai Mahmoud
Author-X-Name-First: Mahmoud Abdulai
Author-X-Name-Last: Mahmoud
Title: Preventing Customer Churn in the Mobile Telecommunication Industry: Is Mobile Money Usage the Missing Link?
Abstract: 
 The paper examines the influence of mobile money usage on customer continuance intention (CCI). The study conveniently sampled 507 mobile money users to test the research model using PLS-SEM. Satisfaction, trust and active usage of mobile money were found to influence CCI. Active usage of mobile money was also confirmed as a mediator in the relationship between satisfaction and trust, on customer continuance. The study thus validated a theoretical model of customer continuance intention as it relates to mobile money usage. It has also provided a new perspective on managing customer churn in an emerging market.
Journal: Journal of African Business
Pages: 174-194
Issue: 2
Volume: 19
Year: 2018
Month: 4
X-DOI: 10.1080/15228916.2018.1440462
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1440462
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Handle: RePEc:taf:wjabxx:v:19:y:2018:i:2:p:174-194




Template-Type: ReDIF-Article 1.0
Author-Name: Pat Obi
Author-X-Name-First: Pat
Author-X-Name-Last: Obi
Author-Name: Ebenezer Bugri Anarfo
Author-X-Name-First: Ebenezer Bugri
Author-X-Name-Last: Anarfo
Author-Name: Greg Obi
Author-X-Name-First: Greg
Author-X-Name-Last: Obi
Title: Revenue Dampening Effect of the Oil–Dollar Inverse Relationship for Sub-Saharan African Economies
Abstract: 
 We investigate the revenue impact of the inverse relations between oil price and the US dollar exchange rates for the following Sub-Saharan African countries: Angola, Ghana, Kenya, Nigeria, and South Africa. These countries were chosen either because of their reliance on oil exports or due to their economic dominance in the region. Existence of a negative relationship suggests that falling oil prices result in two interrelated outcomes: lower oil export revenues in US dollar terms and greater (lower) purchasing power of the dollar (domestic currency). For the oil exporters in our sample, we find evidence of revenue dampening in that reduced dollar receipts during periods of falling oil prices were dampened by higher revenues after conversion to the local currency. Also, we find evidence of both short-run and long-run reverse causality between oil price and exchange rate. But this is only for the currencies of the key oil exporters. On that basis, we recommend a policy shift that emphasizes domestic resource utilization as the basis for exploiting the benefits of the oil–dollar inverse relationship.
Journal: Journal of African Business
Pages: 305-316
Issue: 3
Volume: 20
Year: 2019
Month: 7
X-DOI: 10.1080/15228916.2019.1580997
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1580997
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Template-Type: ReDIF-Article 1.0
Author-Name: Abdul Wahab Amadu
Author-X-Name-First: Abdul Wahab
Author-X-Name-Last: Amadu
Author-Name: Michael Danquah
Author-X-Name-First: Michael
Author-X-Name-Last: Danquah
Title: R&D, Human Capital and Export Behavior of Manufacturing and Service Firms in Ghana
Abstract: 
 The paper carries out a detailed analysis of the effects of R&D and human capital as well as their interactions with innovation on export behavior of manufacturing and service firms in Ghana using a dataset of 720 firms that merges the Enterprise, Innovative Capability and the Innovation Follow-up Surveys respectively for Ghana. Using a bivariate probit regression, the results show that R&D and human capital (employees’ education, slack time and formal training) are positive and significantly related to the propensity for firms to export in Ghana. The cross derivatives (differences) for the interaction terms (R&D and innovation, and education and innovation) also showed that these interaction terms have positive effects on the likelihood for firms to export but are significant only for a negligibly small fraction of the sample. Thus, there is no much statistically significant evidence in support of the mediation role of innovation in the relationship between R&D/education and the export behavior.
Journal: Journal of African Business
Pages: 283-304
Issue: 3
Volume: 20
Year: 2019
Month: 7
X-DOI: 10.1080/15228916.2019.1581003
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1581003
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:3:p:283-304




Template-Type: ReDIF-Article 1.0
Author-Name: George Tweneboah
Author-X-Name-First: George
Author-X-Name-Last: Tweneboah
Author-Name: Paul Alagidede
Author-X-Name-First: Paul
Author-X-Name-Last: Alagidede
Title: Dollarization, Inflation Targeting, and Inflationary Dynamics in Ghana
Abstract: 
 The impact of dollarization on domestic economic performance, and the welfare implications of high inflation in an inflation targeting environment, have remained a matter of much concern for policymakers in recent years. This study investigates the effects of dollarization on inflation and inflation uncertainty in Ghana for the period January 1990 to December 2017. We apply the exponential Generalized Autoregressive Conditional Heteroskedasticity model together with impulse response and Granger causality tests to explore how dollarization affects the behavior of inflation for the pre-inflation targeting period (January 1990 – May 2007) and post-inflation targeting period (June 2007 – December 2017). The results indicate that dollarization has not played a significant role in the volatility of inflation in Ghana. Also, inflation Granger causes dollarization in both the pre- and post-inflation targeting regimes. Finally, there is a bidirectional causal relationship between inflation and inflation uncertainty following the adoption of inflation targeting monetary policy. We conclude that, although inflation targeting has not presented a significant impact on inflation volatility, it has affected the relationship between inflation and inflation uncertainty in Ghana. The dynamics of inflation volatility and asymmetries present crucial implications which are discussed to guide policymaking.
Journal: Journal of African Business
Pages: 358-375
Issue: 3
Volume: 20
Year: 2019
Month: 7
X-DOI: 10.1080/15228916.2019.1581011
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1581011
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:3:p:358-375




Template-Type: ReDIF-Article 1.0
Author-Name: O. Evans
Author-X-Name-First: O.
Author-X-Name-Last: Evans
Title: Money, Inflation and Output in Nigeria and South Africa: Could Friedman and Schwartz Be Right?
Abstract: 
 This study examines the non-linear relationship between money, inflation and output with respect to the Friedman and Schwartz hypotheses that monetary policy affects prices in the long-run but not in the short-run, and influences output in the short-run but not in the long-run. The study examines the case of Nigeria and South Africa for the period 1970–2016 using the ARDL approach. The study proved that Friedman and Schwartz were right that money growth influences output in the short-run and not in the long-run. This suggests monetary policy is neutral in the long-run; however, the findings of this study cast some doubts on their popular view that money growth affect prices in the long-run but not in the short-run. This study shows that money growth actually affects prices both in the short and long-run. Thus, it is only the long-run dimension of the second hypothesis that is valid; the short-run view of the hypothesis is invalid for both Nigeria and South Africa. In fact, the significant estimates of money growth on inflation in both countries prove that inflation is everywhere a monetary phenomenon (both in the short and long run).
Journal: Journal of African Business
Pages: 392-406
Issue: 3
Volume: 20
Year: 2019
Month: 7
X-DOI: 10.1080/15228916.2019.1581012
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1581012
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:3:p:392-406




Template-Type: ReDIF-Article 1.0
Author-Name: Charles Godfred Ackah
Author-X-Name-First: Charles Godfred
Author-X-Name-Last: Ackah
Author-Name: Richard Osei Bofah
Author-X-Name-First: Richard Osei
Author-X-Name-Last: Bofah
Title: The Exporter Wage Premium Hypothesis: An Unconditional Quantile Regression and Decomposition Approach
Abstract: 
 Relying on the World Bank Enterprise Survey dataset in 2012/13, this paper applies the unconditional quantile regression and decomposition estimation techniques to examine the hypothesis that workers in exporting firms receive higher wages than those in non-exporting firms. The results show that the relationship between export and firm’s wage bill is indirect and is transmitted through technology and firm size. Remarkably, these indirect relationships are much more pronounced at the more upper quantiles of the wage bill distribution. However, the net relationships of the interaction between export and technology are relatively larger and positive as compared to that of the interaction between export and firm size which are marginal and mixed. The decomposition analysis indicates that much of the present exporter wage premiums are largely due to the differences in the returns to the characteristics between exporting and non-exporting firms. The findings from this paper suggest directions for future work that can be directly useful for policy.
Journal: Journal of African Business
Pages: 376-391
Issue: 3
Volume: 20
Year: 2019
Month: 7
X-DOI: 10.1080/15228916.2019.1582265
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1582265
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:3:p:376-391




Template-Type: ReDIF-Article 1.0
Author-Name: Peterson Owusu Junior
Author-X-Name-First: Peterson Owusu
Author-X-Name-Last: Junior
Author-Name: George Tweneboah
Author-X-Name-First: George
Author-X-Name-Last: Tweneboah
Author-Name: Anokye M. Adam
Author-X-Name-First: Anokye M.
Author-X-Name-Last: Adam
Title: Interdependence of Major Exchange Rates in Ghana: A Wavelet Coherence Analysis
Abstract: 
 We have employed the three-dimensional continuous Morlet wavelet transform methodology to explore the co-movement amongst the returns of four major currencies in Ghana (dollar, euro, pound, and yen) for the period May 1999 to February 2018. The analysis reveals that the dynamics of the interdependence of the currencies is time-varying and heterogeneous. Our empirical findings demonstrate that the currencies are closely linked or interconnected. The lead–lag relationships between the returns of the exchange rates established that volatilities in the euro and yen significantly affect movements in the other currencies in daily and weekly exchange rate returns. The presence of lead–lag effects and stronger co-movements at short-run fluctuations may induce arbitrage and diversification opportunities to investors, albeit with limited space. The differences in the co-movements of returns and the evidence of contagion among the foreign exchange markets provide reliable incentive to the monetary authorities for unflinching strides to halt the speeding exchange rates.
Journal: Journal of African Business
Pages: 407-430
Issue: 3
Volume: 20
Year: 2019
Month: 7
X-DOI: 10.1080/15228916.2019.1583973
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1583973
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:3:p:407-430




Template-Type: ReDIF-Article 1.0
Author-Name: Richard Adjei Dwumfour
Author-X-Name-First: Richard Adjei
Author-X-Name-Last: Dwumfour
Author-Name: Naa Adokarley Addy
Author-X-Name-First: Naa Adokarley
Author-X-Name-Last: Addy
Title: Interest Rate and Exchange Rate Exposure of Portfolio Stock Returns: Does the Financial Crisis Matter?
Abstract: 
 The study examines the impact of changes in interest rate and exchange rates and their unexpected changes on industry and size portfolio returns on the Ghana Stock Exchange (GSE) controlling for the 2007/2008 financial crisis. Three main exchange rates (FX) namely, Ghana cedis (Gh¢)/US dollar, Gh¢/Great Britain Pounds (GBP) and the Gh¢/Euro are used. We use OLS, GARCH and ARIMA in our estimations. The study found that only depreciation of the Gh¢/USD reduces the returns of financial stocks and large firms. There is a direct positive impact of the financial crisis on the returns due to investment shift from developed markets where crisis occurs. Variations in the returns are mostly explained by the market index returns (RM), which has a positive impact. However, we find that the positive impact of RM on the portfolio returns (finance, medium and large portfolios) is reduced during the financial crisis. The results largely reveal that shocks to the conditional variance are highly persistent and the response of volatility decays at a slower rate.
Journal: Journal of African Business
Pages: 339-357
Issue: 3
Volume: 20
Year: 2019
Month: 7
X-DOI: 10.1080/15228916.2019.1583977
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1583977
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:3:p:339-357




Template-Type: ReDIF-Article 1.0
Author-Name: Vanessa S. Tchamyou
Author-X-Name-First: Vanessa S.
Author-X-Name-Last: Tchamyou
Title: The Role of Information Sharing in Modulating the Effect of Financial Access on Inequality
Abstract: 
 This study examines the role of information sharing in modulating the effect of financial access on income inequality in 48 African countries for the period 2004–2014. Information sharing is proxied with private credit bureaus and public credit registries. All dynamics of financial development are taken into account, namely: depth (money supply and liquid liabilities), efficiency (at banking and financial system levels), activity (from banking and financial system perspective) and size. The empirical exercise is based on interactive Generalised Method of Moments. It can be established from the findings that: first, a threshold of 18.072 percentage coverage of public credit registries is needed to counteract the unconditional positive effect of banking system efficiency. Secondly, on the role of private credit bureaus in financial depth, both the unconditional and the conditional effects are negative, implying a negative synergy. Overall, the findings show that, contingent on the type of financial development dynamic, credit registries broadly play their theoretical role of decreasing financing constraints in order to ultimately reduce inequality.
Journal: Journal of African Business
Pages: 317-338
Issue: 3
Volume: 20
Year: 2019
Month: 7
X-DOI: 10.1080/15228916.2019.1584262
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1584262
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:3:p:317-338




Template-Type: ReDIF-Article 1.0
Author-Name: Masud Chand
Author-X-Name-First: Masud
Author-X-Name-Last: Chand
Title: Leveraging the Diaspora for Africa’s Economic Development
Abstract: 
 African countries need to engage their diasporas in industrialized countries to provide much needed human, social, and financial capital to help with their economic development. For Africa’s economies to successfully transition from their current state of commodity-dominated production to high value-added production, governments in the continent must design and implement strategies to harness their grossly underutilized diaspora in developed countries. For the most part, the diaspora’s contribution to development has been viewed only in terms of remittances that go primarily to support families. In this paper, we provide a broad overview of some of the diaspora friendly policies that can help engage the African diaspora in the economic development of their respective countries of origin (COOs). Governments in the COOs need to move beyond seeing the diaspora as simply a source for remittances, and engage them in a meaningful way to provide them with a sustainable competitive advantage in the global battle for talent. There needs to be a move beyond simple calls to patriotism, and into engagement that leads to a mutually beneficial relationship between the diaspora and its COO. We conclude by pointing out some of the steps that can be taken in this regard to engage with the diaspora in a mutually beneficial relationship.
Journal: Journal of African Business
Pages: 273-290
Issue: 3
Volume: 17
Year: 2016
Month: 9
X-DOI: 10.1080/15228916.2016.1160856
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1160856
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Template-Type: ReDIF-Article 1.0
Author-Name: Edem Kwame Mensah Klobodu
Author-X-Name-First: Edem Kwame Mensah
Author-X-Name-Last: Klobodu
Author-Name: Samuel Adams
Author-X-Name-First: Samuel
Author-X-Name-Last: Adams
Title: Capital Flows and Economic Growth in Ghana
Abstract: 
 The study examines the differential effects of capital flows on economic growth in Ghana over the period 1970–2014 using autoregressive distributed lag (ARDL). Breakpoint unit root tests are employed to cater for structural change and breaks in time series. Afterwards, these break dates are fed into the ADRL model as dummy variables to allow for the computation of a more robust cointegrating vector. The findings indicate that in both the short and long run capital flows (i.e. FDI, aid, and external debt) have negative effects on economic growth. However, remittances exhibit positive insignificant elasticity in all the regressions. Further, the empirical results show that while the impact of trade, gross capital formation and population growth on growth are mixed, that of inflation is negative. The results of the study are consistent with the idea that the impact of capital flows in Africa has been exaggerated.
Journal: Journal of African Business
Pages: 291-307
Issue: 3
Volume: 17
Year: 2016
Month: 9
X-DOI: 10.1080/15228916.2016.1169784
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1169784
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Template-Type: ReDIF-Article 1.0
Author-Name: Ashenafi Beyene Fanta
Author-X-Name-First: Ashenafi Beyene
Author-X-Name-Last: Fanta
Title: Complementarity between Relationship Lending and Collateral in SME Access to Bank Credit: Evidence from Ethiopia
Abstract: 
 Despite their contribution to job creation, small and medium enterprises (SMEs) are financially constrained. Lenders view SMEs as high risk borrowers and hence demand collateral, but lack of collateral inhibits SMEs access to credit. Relationship lending is believed to lessen collateral requirement and increase SMEs access to credit. However, recent studies question substitutability of relationship lending and collateral. The present study adds to the debate by drawing on the survey of 102 randomly selected manufacturing SMEs in Ethiopia. Our binary logistic regression results suggest that banks in Ethiopia are cautious in extending credit to SMEs, evidenced by simultaneous usage of relationships, collateral and other criteria, suggesting complementarity between collateral and relationship lending.
Journal: Journal of African Business
Pages: 308-318
Issue: 3
Volume: 17
Year: 2016
Month: 9
X-DOI: 10.1080/15228916.2016.1177785
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1177785
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Template-Type: ReDIF-Article 1.0
Author-Name: K. Bello Ajide
Author-X-Name-First: K. Bello
Author-X-Name-Last: Ajide
Author-Name: Ibrahim Dolapo Raheem
Author-X-Name-First: Ibrahim Dolapo
Author-X-Name-Last: Raheem
Title: Institutions-FDI Nexus in ECOWAS Countries
Abstract: 
 Of the foreign capital flows that are required for stimulating the process of economic growth, foreign direct investment (FDI) has been the most elected candidate that is often sought. This explains why so much effort has been geared towards its attraction thus paving the way for enquiry into its determinants. Arguably, apart from the conventional FDI-drivers, the importance of institutions has been grossly undermined. On this basis, the study sets out to unravel the causal linkage between institutions and FDI with a special focus on ECOWAS countries. The results showed the existence of prevalent weak governance structure among the ECOWAS countries. Further, on component-by-component basis, this result was robust to the decomposition of the governance indicator into the six sub-indices, namely: voice and accountability, political stability, government effectiveness, regulatory quality, rule of law and control of corruption. We split the sample size into low (poor institutions) and high regimes (better institutions) and found that countries with better institutions were able to attract FDI more than countries with poorer institutional infrastructure. Thus, instituting sustainable governance structure will offer a leeway towards attraction of more FDI into the sub-region.
Journal: Journal of African Business
Pages: 319-341
Issue: 3
Volume: 17
Year: 2016
Month: 9
X-DOI: 10.1080/15228916.2016.1180778
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1180778
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Template-Type: ReDIF-Article 1.0
Author-Name: Afees A. Salisu
Author-X-Name-First: Afees A.
Author-X-Name-Last: Salisu
Author-Name: Taofeek O. Ayinde
Author-X-Name-First: Taofeek O.
Author-X-Name-Last: Ayinde
Title: Testing the Martingale Difference Hypothesis (MDH) with Structural Breaks: Evidence from Foreign Exchanges of Nigeria and South Africa
Abstract: 
 This study tests for MDH in two prominent foreign exchange (FX) markets in Africa, Nigeria and South Africa using three benchmark currencies (euro, dollar and pound sterling). Data utilized cover time series closing rate data set of five-day weekly frequency spanning December 14, 2001 to September 26, 2014. The study considers both the linear and nonlinear measures for MDH with better size and power properties. We also capture structural break endogenously from the data stream using Perron (2006) unit root test with structural break. Three striking findings are discernible from our analyses. First, on average, the South African FX market appears to be more efficient than the Nigerian FX market. Thus, the latter may be more susceptible to speculations than the former. Second, ignoring significant structural breaks may render statistical inferences invalid. Third, the choice of methodology does matter when testing for MDH of foreign exchanges in Africa.
Journal: Journal of African Business
Pages: 342-359
Issue: 3
Volume: 17
Year: 2016
Month: 9
X-DOI: 10.1080/15228916.2016.1183274
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1183274
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Template-Type: ReDIF-Article 1.0
Author-Name: Stanley Coffie
Author-X-Name-First: Stanley
Author-X-Name-Last: Coffie
Title: An Exploration of Managerial Views on Positioning Services in Ghana
Abstract: 
 The paper constitutes an analysis of the views of managers of service firms on positioning strategies in Ghana. The research employed a qualitative research method. Data were collected from 21 service managers and analyzed using content analysis procedures. The results indicate that for service managers, the perceived dominant positioning strategies of their organizations were: service quality, customer relationship, innovation, availability of service, community support, and leading organization, among others. The findings suggest that the dominant managerial views of Ghanaian service managers form a ‘hybrid’ of those of the Western manager. This research is important in clarifying this position. Additionally, as an exploratory piece, the study provides bases for further research on a topic in Ghana with a rather scant evidence of research.
Journal: Journal of African Business
Pages: 360-376
Issue: 3
Volume: 17
Year: 2016
Month: 9
X-DOI: 10.1080/15228916.2016.1185878
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1185878
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Template-Type: ReDIF-Article 1.0
Author-Name: Lawrence Adu Asamoah
Author-X-Name-First: Lawrence Adu
Author-X-Name-Last: Asamoah
Author-Name: George Adu
Author-X-Name-First: George
Author-X-Name-Last: Adu
Title: An Empirical Analysis of the Determinants of Interest Rates in Ghana
Abstract: 
 This paper provides an empirical analysis of the determinants of the bank lending rate in Ghana using annual time series data from 1970 to 2013. We found evidence of a long-run equilibrium relationship between the average lending rate charged by commercial banks and its determining factors. In the long run, bank lending rates in Ghana are positively influenced by nominal exchange rates and Bank of Ghana’s monetary policy rate but negatively with fiscal deficit, real GDP and inflation. We also find positive dependence of the bank lending rate on exchange rates, and the monetary policy rate both in the short and long run. Specifically, our findings reveal that the Bank of Ghana’s monetary policy rate and the exchange rate, by far, show strong contemporaneous effects on the average bank lending rate in Ghana.
Journal: Journal of African Business
Pages: 377-396
Issue: 3
Volume: 17
Year: 2016
Month: 9
X-DOI: 10.1080/15228916.2016.1207493
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1207493
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Template-Type: ReDIF-Article 1.0
Author-Name: Simon P. Sigué
Author-X-Name-First: Simon P.
Author-X-Name-Last: Sigué
Title: From the International Academy of African Business and Development to the Academy of African Business and Development: Making Africa a Better Continent to Live and Do Business With
Journal: Journal of African Business
Pages: 431-434
Issue: 4
Volume: 20
Year: 2019
Month: 10
X-DOI: 10.1080/15228916.2019.1646602
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1646602
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:4:p:431-434




Template-Type: ReDIF-Article 1.0
Author-Name: James B. Abugre
Author-X-Name-First: James B.
Author-X-Name-Last: Abugre
Author-Name: Alex Anlesinya
Author-X-Name-First: Alex
Author-X-Name-Last: Anlesinya
Title: Corporate Social Responsibility and Business Value of Multinational Companies: Lessons from a Sub-Saharan African Environment
Abstract: 
 The issue of corporate social responsibility (CSR) as an approach for businesses to independently take actions that lead to better levels of societal development as well as higher value creation for the business, particularly in developing countries has gained much advocacy. Thus, the purpose of this study is to examine the relationship between CSR and business value of multinational companies (MNCs) in sub-Saharan Africa. The study adopted quantitative research methodology and using multiple regression analysis, findings show that CSR can positively and significantly predict business values in the multinational subsidiaries. These values include direct (economic value) and indirect (human capital value and reputational business value). This paper therefore contributes to a novel CSR index from the perspective of business value and sustainability of MNCs in the Sub-Saharan Africa (SSA) environment. Thus, the paper recommends MNCs operating in Africa to enhance their social investment through their CSR strategy with the aim that CSR must not be regarded as a cost center, but an investment instrument that can accrue various dividends.
Journal: Journal of African Business
Pages: 435-454
Issue: 4
Volume: 20
Year: 2019
Month: 10
X-DOI: 10.1080/15228916.2019.1581002
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1581002
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Template-Type: ReDIF-Article 1.0
Author-Name: Kizito Uyi Ehigiamusoe
Author-X-Name-First: Kizito Uyi
Author-X-Name-Last: Ehigiamusoe
Author-Name: Hooi Hooi Lean
Author-X-Name-First: Hooi Hooi
Author-X-Name-Last: Lean
Title: Foreign Capital Inflows and Economic Growth in Nigeria: Any Nexus?
Abstract: 
 This paper examines the impact of foreign capital inflows on economic growth in Nigeria for 1980–2015 period. It employs Autoregressive Distributed Lagged (ARDL)-bounds test, and finds a cointegration relationship between foreign capital inflows and growth. Specifically, foreign portfolio investment has positive impact on growth, while the impact of foreign loans is negative. Nevertheless, foreign direct investment and foreign aid have insignificant impact on growth, suggesting that Nigeria cannot rely on foreign direct investment and foreign aid as vehicles to stimulate growth. Rather, an increase in foreign portfolio investment or reduction in foreign loans has beneficial effects on the economy.
Journal: Journal of African Business
Pages: 455-471
Issue: 4
Volume: 20
Year: 2019
Month: 10
X-DOI: 10.1080/15228916.2019.1581010
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1581010
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Template-Type: ReDIF-Article 1.0
Author-Name: Kabiru Maitama Kura
Author-X-Name-First: Kabiru Maitama
Author-X-Name-Last: Kura
Author-Name: Faridahwati Mohd. Shamsudin
Author-X-Name-First: Faridahwati Mohd.
Author-X-Name-Last: Shamsudin
Author-Name: Waheed Ali Umrani
Author-X-Name-First: Waheed Ali
Author-X-Name-Last: Umrani
Author-Name: Noor Maya Salleh
Author-X-Name-First: Noor Maya
Author-X-Name-Last: Salleh
Title: Linking Human Resource Development Practices to Counterproductive Work Behaviour: Does Employee Engagement Matter
Abstract: 
 Although there is strong evidence in the literature to support the relationship between human resource development (HRD) practices and counterproductive work behavior (CWB), little is known about the psychological processes underlying this relationship. The present study examined whether employee engagement mediates the relationship between HRD practices and CWB. Participants were 271 employees enroled in a part-time Master of Business Administration (MBA) program at a large public university in Nigeria. After controlling for demographic characteristics, results showed that HRD practices were negatively related to CWB. The results also indicated that employee engagement plays a role in mediating the relationship between HRD practices and CWB.
Journal: Journal of African Business
Pages: 472-488
Issue: 4
Volume: 20
Year: 2019
Month: 10
X-DOI: 10.1080/15228916.2019.1583974
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1583974
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Template-Type: ReDIF-Article 1.0
Author-Name: Sampson Asumah
Author-X-Name-First: Sampson
Author-X-Name-Last: Asumah
Author-Name: Daniel Agyapong
Author-X-Name-First: Daniel
Author-X-Name-Last: Agyapong
Author-Name: Nicodemus Osei Owusu
Author-X-Name-First: Nicodemus Osei
Author-X-Name-Last: Owusu
Title: Emotional Labor and Job Satisfaction: Does Social Support Matter?
Abstract: 
 For the purpose of withstanding the fierce competition in the banking sector, various banks in Ghana requires employees to display emotions whenever dealing with customers. However, these emotions come with their own consequences. The question is could social support provided by these banks serve as a way to mitigate the negative outcomes of such behaviors and increase employee job satisfaction? This paper, therefore, examined the moderating role of social support in the effect of emotional labor on employee job satisfaction in the banking sector. Data were collected from 140 bank employees. The analytical tool used was Structural Equation Modeling.
Journal: Journal of African Business
Pages: 489-504
Issue: 4
Volume: 20
Year: 2019
Month: 10
X-DOI: 10.1080/15228916.2019.1583976
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1583976
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:4:p:489-504




Template-Type: ReDIF-Article 1.0
Author-Name: Nicholas Ngepah
Author-X-Name-First: Nicholas
Author-X-Name-Last: Ngepah
Author-Name: Maxwell Chukwudi Udeagha
Author-X-Name-First: Maxwell Chukwudi
Author-X-Name-Last: Udeagha
Title: Supplementary Trade Benefits of Multi-Memberships in African Regional Trade Agreements
Abstract: 
 Few papers have investigated the trade effects of multi-memberships of Regional Trade Agreements (RTAs), but none has done this in an Africa-wide manner. This paper investigates the supplementary trade effects of multi-memberships of RTAs after controlling for single-membership for all African RTAs. We use (1) overall number of RTAs by country pair; (2) dummies of number of RTAs; and (3) number of RTA memberships by countries within each RTA grouping, in a panel of 53 African countries from 1995 to 2014. The gravity models are estimated with the Eicker-White robust covariance Poisson Pseudo-Maximum Likelihood (PPML) which is superior to previous ones. All the estimates concur that multi-memberships have significant additional intra-Africa trade benefits which increase with the number of memberships. The implication is that although RTAs enhance trade in Africa, it is only a second-best to a complete integration of the African continent. A complete dismantling of politically induced trade barriers and even inter-RTA boundaries within Africa will yield significant intra-Africa trade benefits. The results support the ongoing efforts in Africa in pursuing a “one Africa” vision. Such efforts have to transcend regional integration and pursue the ideal of an integrated Africa for the full trade benefits to be realized.
Journal: Journal of African Business
Pages: 505-524
Issue: 4
Volume: 20
Year: 2019
Month: 10
X-DOI: 10.1080/15228916.2019.1584719
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1584719
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Template-Type: ReDIF-Article 1.0
Author-Name: Karim Belcaid
Author-X-Name-First: Karim
Author-X-Name-Last: Belcaid
Author-Name: Ahmed El Ghini
Author-X-Name-First: Ahmed
Author-X-Name-Last: El Ghini
Title: Spillover Effects among European, the US and Moroccan Stock Markets before and after the Global Financial Crisis
Abstract: 
 This paper assesses return and volatility spillovers among stock markets in Morocco, the US, UK, France and Germany represented respectively by MASI, S&P 500, FTSE 100, CAC 40 and DAX 30 indices, both before and after the global financial crisis (GFC) of 2008. The daily frequency data cover the period from January 2nd, 2002 to June 30th, 2016. Using the Diebold and Yilmaz approach, the results show varying financial connectedness between the Moroccan and the above mentioned developed stock markets. In fact, the significant increase of spillover index during the post-financial crisis period demonstrates that the US and European stock markets were the most affected. On the other hand, despite a relative increase of spillover effects coming from the US and German equity markets, our results show decline in the total net spillovers experienced by the Moroccan market after the recent financial crisis. These findings may provide some useful information to support decision-making and trading strategies for international investors.
Journal: Journal of African Business
Pages: 525-548
Issue: 4
Volume: 20
Year: 2019
Month: 10
X-DOI: 10.1080/15228916.2019.1582266
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1582266
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Handle: RePEc:taf:wjabxx:v:20:y:2019:i:4:p:525-548




Template-Type: ReDIF-Article 1.0
Author-Name: Ebenezer Bugri Anarfo
Author-X-Name-First: Ebenezer Bugri
Author-X-Name-Last: Anarfo
Author-Name: Joshua Yindenaba Abor
Author-X-Name-First: Joshua Yindenaba
Author-X-Name-Last: Abor
Author-Name: Kofi Achampong Osei
Author-X-Name-First: Kofi Achampong
Author-X-Name-Last: Osei
Author-Name: Agyapomaa Gyeke-Dako
Author-X-Name-First: Agyapomaa
Author-X-Name-Last: Gyeke-Dako
Title: Monetary Policy and Financial Inclusion in Sub-Sahara Africa: A Panel VAR Approach
Abstract: 
 This article investigates the dynamic and bi-causal link between monetary policy and financial inclusion in sub-Saharan Africa using a panel VAR framework. The researcher obtained data from World Development Indicators (WDI) spanning from 1990 to 2014 for 48 sub-Saharan African economies. The findings suggest that a bi-causal relationship exists between monetary policy and financial inclusion. Specifically, it is evident that monetary policy affects financial inclusion, and financial inclusion is also influenced by monetary policy. The policy implication of this study is that the effectiveness of monetary policy depends on financial inclusion. Hence, the efforts of governments in sub-Saharan African countries should aim at policies that enhance financial inclusion for effective implementation of monetary policy. Also, promoting financial inclusion will require governments in sub-Saharan Africa to reduce their monetary policy rates.
Journal: Journal of African Business
Pages: 549-572
Issue: 4
Volume: 20
Year: 2019
Month: 10
X-DOI: 10.1080/15228916.2019.1580998
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1580998
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Template-Type: ReDIF-Article 1.0
Author-Name: Agyapomaa Gyeke-Dako
Author-X-Name-First: Agyapomaa
Author-X-Name-Last: Gyeke-Dako
Author-Name: Elikplimi Komla Agbloyor
Author-X-Name-First: Elikplimi Komla
Author-X-Name-Last: Agbloyor
Author-Name: Festus Ebo Turkson
Author-X-Name-First: Festus Ebo
Author-X-Name-Last: Turkson
Author-Name: Priscilla Twumasi Baffour
Author-X-Name-First: Priscilla Twumasi
Author-X-Name-Last: Baffour
Title: Financial Development and the Social Cost of Financial Intermediation in Africa
Abstract: 
 This article investigates the effect of financial development on the social costs of financial intermediation across a large number of banks in Africa. The study distinguishes between countries that are financially developed and those that are not financially developed to examine the impact of financial development on the social costs of financial intermediation. A sample of 260 banks from 29 countries in Africa is used over an 8-year period from 2006 to 2013. We employ both Random Effect and GMM techniques to resolve the issues of unobserved heterogeneity and endogeneity. We observe that overall, financial development reduces the social costs of intermediation. We also determine that the social costs of intermediation are lower for countries that have more developed financial systems compared to those with less developed financial systems. Our study is useful because it suggests that if countries want to reduce their social costs of intermediation, they should develop their financial systems.
Journal: Journal of African Business
Pages: 455-474
Issue: 4
Volume: 19
Year: 2018
Month: 10
X-DOI: 10.1080/15228916.2018.1446642
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1446642
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Handle: RePEc:taf:wjabxx:v:19:y:2018:i:4:p:455-474




Template-Type: ReDIF-Article 1.0
Author-Name: Lord Mensah
Author-X-Name-First: Lord
Author-X-Name-Last: Mensah
Author-Name: Godfred Bokpin
Author-X-Name-First: Godfred
Author-X-Name-Last: Bokpin
Author-Name: Eric Boachie-Yiadom
Author-X-Name-First: Eric
Author-X-Name-Last: Boachie-Yiadom
Title: External Debts, Institutions and Growth in SSA
Abstract: 
 The study investigates the impact of institutional quality on the external debt&#x2013;growth nexus in SSA. Data from 36 SSA economies over the 1996&#x2013;2013 periods were used. The results from the IV-System GMM imply that institutional quality has robust effects on the external debt&#x2013;growth nexus. Thus, the impact of external debt on growth is through host nation&#x2019;s institutional quality. However, the mediating effect of institutional quality on this nexus is up to a point. When a country is on the wrong side of the debt-laffer curve, external debt becomes irrelevant; and institutional quality can no longer help.
Journal: Journal of African Business
Pages: 475-490
Issue: 4
Volume: 19
Year: 2018
Month: 10
X-DOI: 10.1080/15228916.2018.1452466
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1452466
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Handle: RePEc:taf:wjabxx:v:19:y:2018:i:4:p:475-490




Template-Type: ReDIF-Article 1.0
Author-Name: Esther K. Ishengoma
Author-X-Name-First: Esther K.
Author-X-Name-Last: Ishengoma
Title: Entrepreneur Attributes and Formalization of Micro, Small and Medium Enterprises in Tanzania
Abstract: 
 New institutional economics literature underscores the role of entrepreneur attributes in structuring the entrepreneur&#x2019;s views and decision-making about (in)formalizing the business while considering the environment which shapes one&#x2019;s perceptions. However, empirical knowledge on same, based on the African/Tanzanian context, remains scant. Based on Tanzanian national survey data from 5549 micro, small and medium enterprises, this paper assesses the influence of entrepreneur attributes on business formalization while controlling for structural and institutional factors. The results reveal that attributes likely to increase the probability of formalizing one&#x2019;s business include being either a male, aged between 31 and 50, opportunity-driven or having at least secondary education.
Journal: Journal of African Business
Pages: 491-511
Issue: 4
Volume: 19
Year: 2018
Month: 10
X-DOI: 10.1080/15228916.2018.1472480
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1472480
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Handle: RePEc:taf:wjabxx:v:19:y:2018:i:4:p:491-511




Template-Type: ReDIF-Article 1.0
Author-Name: Rosemary Matikiti
Author-X-Name-First: Rosemary
Author-X-Name-Last: Matikiti
Author-Name: Mornay Roberts-Lombard
Author-X-Name-First: Mornay
Author-X-Name-Last: Roberts-Lombard
Author-Name: Mercy Mpinganjira
Author-X-Name-First: Mercy
Author-X-Name-Last: Mpinganjira
Title: The Influence of Perceived Justice on Recovery Satisfaction in the Airline Industry
Abstract: 
 This study examines the influence of perceived justice on customer satisfaction with service recovery and on the future behavioral intentions of customers in the airline industry. The study uses an exploratory research design that is quantitative in nature. Questionnaires were used to collect data, and structural equation modeling was used for hypothesis testing. The study revealed that the three dimensions of perceived justice, namely interactional, distributive and procedural justice, influence satisfaction with service recovery in the South African airline industry. However, only interactional and distributive justice had a positive influence on future behavioral intention.
Journal: Journal of African Business
Pages: 512-530
Issue: 4
Volume: 19
Year: 2018
Month: 10
X-DOI: 10.1080/15228916.2018.1475784
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1475784
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Template-Type: ReDIF-Article 1.0
Author-Name: Alphonse Mefoute Badiang
Author-X-Name-First: Alphonse
Author-X-Name-Last: Mefoute Badiang
Title: The Meanings of Food Consumption, Consumer Effects and the Role of &#x201C;Origin&#x201D;: The Case of Ethnic Food in Cameroon
Abstract: 
 This study examines the role of an individual&#x2019;s belonging to some ethnic groups as it relates to the meanings associated with food consumption as well as the outcome(s) of ethnic food consumption. To achieve this goal, data were collected from 607 individuals, using a survey and structural equations analysis. Findings revealed that ethnic food consumption triggers specific emotions associated with different ethnic origins; there is a significant and positive moderating effect of sense of belonging to the product&#x2019;s region of origin. Attachment serves as a mediator of the effect of ethnicity on commitment. These findings have several notable implications.
Journal: Journal of African Business
Pages: 531-549
Issue: 4
Volume: 19
Year: 2018
Month: 10
X-DOI: 10.1080/15228916.2018.1476957
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1476957
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Template-Type: ReDIF-Article 1.0
Author-Name: Shimelis Altaye Bogale
Author-X-Name-First: Shimelis Altaye
Author-X-Name-Last: Bogale
Author-Name: Frans J. H. M. Verhees
Author-X-Name-First: Frans J. H. M.
Author-X-Name-Last: Verhees
Author-Name: Hans C. M. van Trijp
Author-X-Name-First: Hans C. M. van
Author-X-Name-Last: Trijp
Title: Customer Evaluation of Supply Systems: The Case of Ethiopian Seed Supply Systems
Abstract: 
 This study explores the performance of Ethiopian seed systems from a customer&#x2019;s perspective. The study builds on the view that seed supply systems perform marketing functions such as developing new varieties of seed, multiplying the right quantity and quality, and distributing to the right places, at the right time, for an acceptable price. Hence, supply systems create value and satisfy customers. This study&#x2019;s contribution is twofold. First, customer satisfaction theory is applied to complex chains (i.e. seed supply systems) in emerging markets, with their specific contextual challenges. Second, it identifies the criteria that farmers use to evaluate seed supply systems and evaluates Ethiopian seed supply systems from a farmer customer&#x2019;s perspective, which can be used as a basis to increase customer satisfaction.
Journal: Journal of African Business
Pages: 550-570
Issue: 4
Volume: 19
Year: 2018
Month: 10
X-DOI: 10.1080/15228916.2018.1480247
File-URL: http://hdl.handle.net/10.1080/15228916.2018.1480247
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Template-Type: ReDIF-Article 1.0
Author-Name: Falylath Babah Daouda
Author-X-Name-First: Falylath
Author-X-Name-Last: Babah Daouda
Author-Name: Paul T.M. Ingenbleek
Author-X-Name-First: Paul T.M.
Author-X-Name-Last: Ingenbleek
Author-Name: Hans C.M. van Trijp
Author-X-Name-First: Hans C.M.
Author-X-Name-Last: van Trijp
Title: Step-Change: Micro-Entrepreneurs’ Entry into the Middle-Class Market
Abstract: 
 With upcoming middle classes in Africa, micro-entrepreneurs witness new opportunities that can potentially lift them out of poverty. Exploiting these opportunities requires entrepreneurs to make a ‘step-change’ away from the bottom of the pyramid to middle-class markets. This process hosts potential conflicts between informal-sector and formal-sector stakeholders as it requires both new resources and continued access to existing resources. By taking a strategic marketing perspective, this study labels and defines the phenomenon of step-change and offers an explanatory conceptual framework for it. The article draws implications for business development, the gender debate, as well as academic research.
Journal: Journal of African Business
Pages: 129-147
Issue: 2
Volume: 17
Year: 2016
Month: 5
X-DOI: 10.1080/15228916.2016.1126882
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1126882
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Template-Type: ReDIF-Article 1.0
Author-Name: Achraf Guidara
Author-X-Name-First: Achraf
Author-X-Name-Last: Guidara
Author-Name: Imen Achek
Author-X-Name-First: Imen
Author-X-Name-Last: Achek
Author-Name: Saida Dammak
Author-X-Name-First: Saida
Author-X-Name-Last: Dammak
Title: Internal Control Weaknesses, Family Ownership and the Cost of Debt: Evidence from the Tunisian Stock Exchange
Abstract: 
 This study investigates the effect of internal control weaknesses (ICW) and family ownership on the cost of debt in the Tunisian setting. We document that ICW and family ownership are positively associated with the cost of debt. When testing for the moderating effect of family ownership on the association between ICW and the cost of debt, we document that the positive effect of ICW on the cost of debt is more pronounced under high family ownership in the Tunisian setting. Furthermore, the positive and significant association between ICW and the cost of debt is more prevailing for firms audited by non-Big 4 auditors and industrial companies. These findings may have policy implications for Tunisian policymakers with respect to the establishment of internal control standards.
Journal: Journal of African Business
Pages: 148-166
Issue: 2
Volume: 17
Year: 2016
Month: 5
X-DOI: 10.1080/15228916.2016.1126884
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1126884
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Handle: RePEc:taf:wjabxx:v:17:y:2016:i:2:p:148-166




Template-Type: ReDIF-Article 1.0
Author-Name: Lambert H. de Wet
Author-X-Name-First: Lambert H.
Author-X-Name-Last: de Wet
Author-Name: Sean Joss Gossel
Author-X-Name-First: Sean Joss
Author-X-Name-Last: Gossel
Title: South African Capital Structure Decisions: A Survey of Listed Companies
Abstract: 
 This paper explores the factors that influence capital structure decisions in South Africa from the perspective of the Chief Financial Officer (CFO). The results of a survey of 33 CFOs of JSE listed companies find that South African CFOs are equally likely to follow the Pecking Order and Static Trade-Off theories. However, small companies are more likely to follow the Pecking Order theory while large companies are more likely to follow the Static Trade-Off theory. In addition, the results show that South African companies are more likely to follow the Static Trade-Off theory than companies in other emerging countries.
Journal: Journal of African Business
Pages: 167-187
Issue: 2
Volume: 17
Year: 2016
Month: 5
X-DOI: 10.1080/15228916.2016.1132509
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1132509
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Template-Type: ReDIF-Article 1.0
Author-Name: Charles Makanyeza
Author-X-Name-First: Charles
Author-X-Name-Last: Makanyeza
Author-Name: Francois du Toit
Author-X-Name-First: Francois
Author-X-Name-Last: du Toit
Title: Measuring Consumer Ethnocentrism: An Assessment of Reliability, Validity and Dimensionality of the CETSCALE in a Developing Market
Abstract: 
 Based on 305 surveyed consumers in Zimbabwe’s two major cities (Harare and Bulawayo), the study sought mainly to measure consumer ethnocentrism and to test psychometric properties of the CETSCALE in Zimbabwe using structural equation modeling. It was established that the construct of consumer ethnocentrism comprises two dimensions, namely negative influence of foreign products, and preference for domestic products. Consumer ethnocentrism was found to be moderately high. The psychometric properties of the CETSCALE tested above the required thresholds. Consumer ethnocentrism was found to negatively influence consumer attitude towards imported poultry products. The study has implications for managers and future researchers.
Journal: Journal of African Business
Pages: 188-208
Issue: 2
Volume: 17
Year: 2016
Month: 5
X-DOI: 10.1080/15228916.2016.1138270
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1138270
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Handle: RePEc:taf:wjabxx:v:17:y:2016:i:2:p:188-208




Template-Type: ReDIF-Article 1.0
Author-Name: Williams Ohemeng
Author-X-Name-First: Williams
Author-X-Name-Last: Ohemeng
Author-Name: Bo Sjo
Author-X-Name-First: Bo
Author-X-Name-Last: Sjo
Author-Name: Michael Danquah
Author-X-Name-First: Michael
Author-X-Name-Last: Danquah
Title: Market Efficiency and Price Discovery in Cocoa Markets
Abstract: 
 This paper tests the efficiency and price discovery mechanism in the cocoa cash and futures markets over the period March 1981–August 2009. The results indicate that the price discovery is done in the cash market and spreads to the futures markets and that the futures price can be seen as an unbiased predictor of future cash prices. There is no sign of a risk premium in the futures price. Since the cash behaves like a random walk we cannot reject market efficiency.
Journal: Journal of African Business
Pages: 209-224
Issue: 2
Volume: 17
Year: 2016
Month: 5
X-DOI: 10.1080/15228916.2016.1142801
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1142801
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Template-Type: ReDIF-Article 1.0
Author-Name: Otuo Serebour Agyemang
Author-X-Name-First: Otuo Serebour
Author-X-Name-Last: Agyemang
Author-Name: Giulia Fantini
Author-X-Name-First: Giulia
Author-X-Name-Last: Fantini
Author-Name: Abraham Ansong
Author-X-Name-First: Abraham
Author-X-Name-Last: Ansong
Title: Unearthing the Integral Determinants of Foreign Ownership Prevalence of Companies in Africa: Role of Country-level Governance
Abstract: 
 This study seeks to deepen our understanding on how country-level governance structures influence prevalence of foreign ownership of firms in Africa. This study reinforces the new institutional economics perspective by empirically highlighting that governance structures influence the prevalence of foreign ownership of companies in an economy. Using archival data from 39 African economies, we found that there is a significant positive association between regulatory quality and foreign ownership prevalence. Also, foreign ownership is prevalent in African countries that are politically stable and embrace rule of law. However, we found that countries with high voice and accountability structures are associated with low foreign ownership prevalence.
Journal: Journal of African Business
Pages: 225-253
Issue: 2
Volume: 17
Year: 2016
Month: 5
X-DOI: 10.1080/15228916.2016.1145179
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1145179
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Handle: RePEc:taf:wjabxx:v:17:y:2016:i:2:p:225-253




Template-Type: ReDIF-Article 1.0
Author-Name: Goodluck Charles
Author-X-Name-First: Goodluck
Author-X-Name-Last: Charles
Author-Name: Neema Mori
Author-X-Name-First: Neema
Author-X-Name-Last: Mori
Title: Effects Of Collateral On Loan Repayment: Evidence From An Informal Lending Institution
Abstract: 
 We examine the effect of the collateral informal lenders use to ensure loan repayment. Specifically we measure how the use of movable and immovable assets affects loan repayment and delinquency rate, and assess the extent to which guarantorship and relationship-lending act as collateral to improve loan repayment. With a dataset of 835 individual borrowers drawn from an informal Tanzanian lending institution, we run descriptive and econometric models. The results suggest that movable assets increase the likelihood that borrowers perceived to be less creditworthy will obtain loans from informal sources and repay them. We also find a small proportion of customers to have pledged immovable assets as collateral when borrowing from informal lenders. The results also show the positive effect of referral, which implies that relationship lending and social collateral is key to increasing access to finance through informal lenders. Our results contribute to the advancement of economic theory, specifically in the ex-ante and ex-post-related literature.
Journal: Journal of African Business
Pages: 254-272
Issue: 2
Volume: 17
Year: 2016
Month: 5
X-DOI: 10.1080/15228916.2016.1151474
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1151474
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Template-Type: ReDIF-Article 1.0
Author-Name: Simplice Asongu
Author-X-Name-First: Simplice
Author-X-Name-Last: Asongu
Author-Name: John Ssozi
Author-X-Name-First: John
Author-X-Name-Last: Ssozi
Title: Sino-African Relations: Some Solutions and Strategies to the Policy Syndromes
Abstract: 
 We survey about 110 recently published studies on Sino-African relations, and put some structure on the documented issues before suggesting some solutions and strategies to the identified policy syndromes. The documented issues are classified into the following eight main strands: China targeting nations with abundant natural resources, focusing on countries with bad governance, not hiring local workers; outbidding other countries by flouting environmental and social standards; importing workers that do not integrate into domestic society and living in extremely simple conditions, exhibiting low linkages between her operations and local businesses, exporting low quality products to Africa, and the emergence of China hindering Africa’s development. We sum up the discussion by reconciling the Beijing and Washington Consensuses.
Journal: Journal of African Business
Pages: 33-51
Issue: 1
Volume: 17
Year: 2016
Month: 1
X-DOI: 10.1080/15228916.2015.1089614
File-URL: http://hdl.handle.net/10.1080/15228916.2015.1089614
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Template-Type: ReDIF-Article 1.0
Author-Name: Nicholas Addai Boamah
Author-X-Name-First: Nicholas Addai
Author-X-Name-Last: Boamah
Title: Testing the expectations hypothesis of the term structure of interest rate: the case of Ghana
Abstract: 
 This study examines the expectations hypothesis (EH) using data from Ghana. It tests the EH by using the long-short rate spread to predict future movements in short-term interest rates and the forward-spot spread to predict changes in the spot rate. It finds that the Ghanaian term structure partly contains information for future changes in the short-term interest rates though the relation is not one-to-one. It suggests that market participants and policymakers may have to be cautious in relying on the Ghanaian term structure for their various purposes such as the conduct of monetary policy and investment decisions.
Journal: Journal of African Business
Pages: 1-15
Issue: 1
Volume: 17
Year: 2016
Month: 1
X-DOI: 10.1080/15228916.2016.1094717
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1094717
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Template-Type: ReDIF-Article 1.0
Author-Name: Wafa Khlif
Author-X-Name-First: Wafa
Author-X-Name-Last: Khlif
Author-Name: Lotfi Karoui
Author-X-Name-First: Lotfi
Author-X-Name-Last: Karoui
Author-Name: Coral Ingley
Author-X-Name-First: Coral
Author-X-Name-Last: Ingley
Author-Name: Wiem El Manaa
Author-X-Name-First: Wiem
Author-X-Name-Last: El Manaa
Title: Family contingencies and board composition: evidence from Tunisia
Abstract: 
 Despite the widespread attention given to succession and generational issues by family business researchers, little systematic interest has been given to the relationship between these issues and the firms’ governance system. This paper analyses family-related contingency factors as determinants of board composition in family-controlled firms. Results from a sample of Tunisian family firms show that the composition of board members is determined primarily by variables relating to family complexity and family involvement. Among these firms the appointment of outside directors to their boards tends to begin from the third generation of family ownership. The findings support the argument that board composition in family firms is a reflection of family characteristics. The study contributes a more nuanced understanding of the influence of ownership structure and board composition on the succession process in family firms.
Journal: Journal of African Business
Pages: 16-32
Issue: 1
Volume: 17
Year: 2016
Month: 1
X-DOI: 10.1080/15228916.2016.1096705
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1096705
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Template-Type: ReDIF-Article 1.0
Author-Name: Godfred A. Bokpin
Author-X-Name-First: Godfred A.
Author-X-Name-Last: Bokpin
Title: Bank governance, regulation and risk-taking in Ghana
Abstract: 
 Excessive risk-taking could spell doom for the financial market and the economy as a whole as evidenced by the recent global financial crisis of 2007/08. In this study, we document the impact of corporate governance on bank risk-taking behaviour whilst accommodating the moderating effect of forms of ownership on the relationship in a regulated environment as banks do not operate in a vacuum. A panel study with data spanning from 2000 to 2013 under the fixed effects model after several model diagnostics and performance of the Hausman specification test was used. We find reserve requirement regulation to significantly influence risk-taking positively. We advocate the reversal of the recent increase in the reserve requirement from 9% to 11% and rather recommend an increase in the regulatory capital adequacy ratio from the current 10%.
Journal: Journal of African Business
Pages: 52-68
Issue: 1
Volume: 17
Year: 2016
Month: 1
X-DOI: 10.1080/15228916.2016.1106851
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1106851
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Handle: RePEc:taf:wjabxx:v:17:y:2016:i:1:p:52-68




Template-Type: ReDIF-Article 1.0
Author-Name: Charles Makanyeza
Author-X-Name-First: Charles
Author-X-Name-Last: Makanyeza
Author-Name: Rudo Macheyo
Author-X-Name-First: Rudo
Author-X-Name-Last: Macheyo
Author-Name: Francois du Toit
Author-X-Name-First: Francois
Author-X-Name-Last: du Toit
Title: Perceived product necessity, perceived value, customer satisfaction and affective attitude: an integrative model
Abstract: 
 Inter-relationships among perceived product necessity, perceived value, customer satisfaction and affective attitude are examined in Harare, Zimbabwe using structural equation modelling. The study provides evidence that perceived product necessity, perceived value and customer satisfaction each positively influences affective attitude. The findings also show that perceived product necessity has a positive effect on perceived value while perceived value has a positive effect on customer satisfaction. Lastly, the study reveals that perceived product necessity does not influence customer satisfaction. The research has implications for theory, managers and future researchers.
Journal: Journal of African Business
Pages: 69-86
Issue: 1
Volume: 17
Year: 2016
Month: 1
X-DOI: 10.1080/15228916.2016.1112709
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1112709
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Handle: RePEc:taf:wjabxx:v:17:y:2016:i:1:p:69-86




Template-Type: ReDIF-Article 1.0
Author-Name: Moses Tule
Author-X-Name-First: Moses
Author-X-Name-Last: Tule
Author-Name: Taiwo Ajilore
Author-X-Name-First: Taiwo
Author-X-Name-Last: Ajilore
Author-Name: Godday Ebuh
Author-X-Name-First: Godday
Author-X-Name-Last: Ebuh
Title: A composite index of leading indicators of unemployment in Nigeria
Abstract: 
 The study computes a composite index of leading indicators of the unemployment rate in Nigeria following the Organization for Economic Co-operation and Development (OECD) system of composite leading indicators methodology as enunciated in Gyomai and Guidetti (2012). Prediction is based on the analysis of multiple series covering diverse aspects of economic activity, which have a leading relationship to unemployment. The leading properties were determined by their cross-correlation structure and Granger Causality analyses. Once selected, the series were aggregated into single composite indicator based on the outcomes of the cross-correlation and Granger Causality estimations. The results from both the cross-correlation and Granger Causality based composite indexes provide accurate tracking of the unemployment turning points in Nigeria over a 7-year period (2008–14).
Journal: Journal of African Business
Pages: 87-105
Issue: 1
Volume: 17
Year: 2016
Month: 1
X-DOI: 10.1080/15228916.2016.1113909
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1113909
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Handle: RePEc:taf:wjabxx:v:17:y:2016:i:1:p:87-105




Template-Type: ReDIF-Article 1.0
Author-Name: George Okello Candiya Bongomin
Author-X-Name-First: George
Author-X-Name-Last: Okello Candiya Bongomin
Author-Name: Joseph Mpeera Ntayi
Author-X-Name-First: Joseph Mpeera
Author-X-Name-Last: Ntayi
Author-Name: John C. Munene
Author-X-Name-First: John C.
Author-X-Name-Last: Munene
Author-Name: Isaac Nkote Nabeta
Author-X-Name-First: Isaac Nkote
Author-X-Name-Last: Nabeta
Title: Financial Inclusion in Rural Uganda: Testing Interaction Effect of Financial Literacy and Networks
Abstract: 
 Based on the premise that financial literacy take place in networks to influence the level of financial inclusion, the study examined whether networks moderate in the relationship between financial literacy and financial inclusion among poor households in rural Uganda. Studies have revealed that financial literacy affects the level of financial inclusion. However, these studies have failed to incorporate the moderating role of networks in the relationship between financial literacy and financial inclusion. The results showed that networks positively and significantly moderates in the relationship between financial literacy and financial inclusion with both financial literacy and networks having direct and significant effects.
Journal: Journal of African Business
Pages: 106-128
Issue: 1
Volume: 17
Year: 2016
Month: 1
X-DOI: 10.1080/15228916.2016.1117382
File-URL: http://hdl.handle.net/10.1080/15228916.2016.1117382
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Handle: RePEc:taf:wjabxx:v:17:y:2016:i:1:p:106-128




Template-Type: ReDIF-Article 1.0
Author-Name: Daniel Sakyi
Author-X-Name-First: Daniel
Author-X-Name-Last: Sakyi
Author-Name: Isaac Osei Mensah
Author-X-Name-First: Isaac
Author-X-Name-Last: Osei Mensah
Author-Name: Samuel Kwabena Obeng
Author-X-Name-First: Samuel Kwabena
Author-X-Name-Last: Obeng
Title: Inflation Targeting Framework and Interest Rates Transmission in Ghana: An Empirical Investigation
Abstract: 
 This paper investigates the long-and short-run rate of transmission of the prime rate to interest rates since the implementation of inflation targeting policy in Ghana. Monthly data covering the period January 2002 to March 2016 is used. The Johansen and Hansen parameter instability cointegration, the FMOLS and DOLS estimation procedures were used. The long-run results show incomplete pass-through of the prime rate to commercial banks’ lending and deposit rates but over pass-through to the 91-day Treasury bill rate. The short-run adjustment shows relatively slow transmission of the prime rate to the respective interest rates. Given the findings, relevant policy suggestions are provided.
Journal: Journal of African Business
Pages: 417-434
Issue: 4
Volume: 18
Year: 2017
Month: 10
X-DOI: 10.1080/15228916.2017.1327299
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1327299
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Handle: RePEc:taf:wjabxx:v:18:y:2017:i:4:p:417-434




Template-Type: ReDIF-Article 1.0
Author-Name: Gebreyohannes Gebreslassie Gebrewahid
Author-X-Name-First: Gebreyohannes Gebreslassie
Author-X-Name-Last: Gebrewahid
Author-Name: Andreas Wald
Author-X-Name-First: Andreas
Author-X-Name-Last: Wald
Title: Export Barriers and Competitiveness of Developing Economies: The Case of the Ethiopian Leather Footwear Industry
Abstract: 
 Export competitiveness is an important success factor for developing economies. However, several barriers can prevent firms from exporting. This study empirically investigates export barriers in the Ethiopian leather footwear industry. We identify 10 conceptually linked barriers that are prevalent in the industry. Whereas some of the export barriers are in line with previous research, we find several new barriers such as logistics and export marketing. On the firm level, we identify different clusters of firms that are facing specific sub-sets of barriers. Depending on cluster membership, management must focus on certain export barriers for increasing competitiveness.
Journal: Journal of African Business
Pages: 396-416
Issue: 4
Volume: 18
Year: 2017
Month: 10
X-DOI: 10.1080/15228916.2017.1329475
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1329475
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Handle: RePEc:taf:wjabxx:v:18:y:2017:i:4:p:396-416




Template-Type: ReDIF-Article 1.0
Author-Name: Julius A. Nukpezah
Author-X-Name-First: Julius A.
Author-X-Name-Last: Nukpezah
Author-Name: Charles Blankson
Author-X-Name-First: Charles
Author-X-Name-Last: Blankson
Title: Microfinance Intervention in Poverty Reduction: A Study of Women Farmer-Entrepreneurs in Rural Ghana
Abstract: 
 This paper examines microfinance intervention in rural poverty reduction in Ghana by surveying 100 rural women farmer-entrepreneurs. The findings reveal that microfinance interventions that emphasize both credit provision and social intermediation improve access to credit, improve business performance, and contribute to a higher standard of living for female farmer-entrepreneurs and their families. The results show that the microfinance scheme has been successful due to a strong social network and group relationships among the farmers. An implication of the study is that poverty reduction programs in developing countries need to emphasize social and human development components in microfinancing policies.
Journal: Journal of African Business
Pages: 457-475
Issue: 4
Volume: 18
Year: 2017
Month: 10
X-DOI: 10.1080/15228916.2017.1336915
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1336915
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Handle: RePEc:taf:wjabxx:v:18:y:2017:i:4:p:457-475




Template-Type: ReDIF-Article 1.0
Author-Name: Robert Lawrence Afutu-Kotey
Author-X-Name-First: Robert Lawrence
Author-X-Name-Last: Afutu-Kotey
Author-Name: Katherine V. Gough
Author-X-Name-First: Katherine V.
Author-X-Name-Last: Gough
Author-Name: George Owusu
Author-X-Name-First: George
Author-X-Name-Last: Owusu
Title: Young Entrepreneurs in the Mobile Telephony Sector in Ghana: From Necessities to Aspirations
Abstract: 
 Despite increasing research interest in the mobile telephony sector, only a few studies have devoted attention to informal businesses in the sector. Using qualitative field data collected on young mobile telephony entrepreneurs in Accra, this paper argues that despite the businesses being ‘informal’, they cannot be dismissed as ‘necessity’ enterprises unworthy of support. On the contrary, many young entrepreneurs have aspirations which are influencing their desire to stay in business. The article thus questions the bifurcated nature of entrepreneurial motivations, using the burgeoning mobile telephony sector as a case study, and draws out implications for policy support for youth-run businesses in the informal sector generally.
Journal: Journal of African Business
Pages: 476-491
Issue: 4
Volume: 18
Year: 2017
Month: 10
X-DOI: 10.1080/15228916.2017.1339252
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1339252
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Template-Type: ReDIF-Article 1.0
Author-Name: Emmanuel Kumi
Author-X-Name-First: Emmanuel
Author-X-Name-Last: Kumi
Author-Name: Muazu Ibrahim
Author-X-Name-First: Muazu
Author-X-Name-Last: Ibrahim
Author-Name: Thomas Yeboah
Author-X-Name-First: Thomas
Author-X-Name-Last: Yeboah
Title: Aid, Aid Volatility and Sectoral Growth in Sub-Saharan Africa: Does Finance Matter?
Abstract: 
 This article examines the impact of aid and its volatility on sectoral growth by relying on panel dataset of 37 sub-Saharan African (SSA) countries for the period 1983–2014. Findings from the system-generalized methods of moments show that, while foreign aid significantly drives sectoral growth, aid volatility deteriorates sectoral value additions impacting heavily on non-tradable sectors with no apparent effect on the agricultural sector. The deleterious effect of aid volatility on sectoral value additions in SSA is weakened by a well-developed financial system with significant impact on the tradable sector. Evidently, development of domestic financial markets enhances aid effectiveness.
Journal: Journal of African Business
Pages: 435-456
Issue: 4
Volume: 18
Year: 2017
Month: 10
X-DOI: 10.1080/15228916.2017.1363358
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1363358
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Handle: RePEc:taf:wjabxx:v:18:y:2017:i:4:p:435-456




Template-Type: ReDIF-Article 1.0
Author-Name: Simon P. Sigué
Author-X-Name-First: Simon P.
Author-X-Name-Last: Sigué
Title: Journal of African Business: Recent Developments
Journal: Journal of African Business
Pages: 393-395
Issue: 4
Volume: 18
Year: 2017
Month: 10
X-DOI: 10.1080/15228916.2017.1372093
File-URL: http://hdl.handle.net/10.1080/15228916.2017.1372093
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Handle: RePEc:taf:wjabxx:v:18:y:2017:i:4:p:393-395




Template-Type: ReDIF-Article 1.0
Author-Name: Kofi Agyarko Ababio
Author-X-Name-First: Kofi Agyarko
Author-X-Name-Last: Ababio
Title: Behavioural Portfolio Selection and Optimisation: Equities versus Cryptocurrencies
Abstract: 
 This paper investigates if real investors other than rational investors could add value to their investment portfolios considering their mentality and psychology. The universe of assets constitutes 21 cryptocurrencies (37 international equities) and covers, respectively, the period from August 1, 2016, to March 31, 2018 (January 7, 2002, to March 23, 2018). The cumulative prospect theory and variant specifications were utilized to validate and compare the classification and selection of assets driven by some decision theories. The results of optimization analysis of all the formulated portfolios constituting assets from both markets showed that portfolios constituting assets with lower cumulative prospect theory values outperformed their counterpart with higher cumulative prospect theory values. The superiority of the cumulative prospect theory was established as an empirically corroborated theory of decision-making with rich psychological content. The findings of this paper are crucial for finance practitioners as they showcase an intuitive and coherent manner to guide fund managers, investors and other economic agents in their investment practices.
Journal: Journal of African Business
Pages: 145-168
Issue: 2
Volume: 21
Year: 2020
Month: 6
X-DOI: 10.1080/15228916.2019.1625018
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1625018
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Template-Type: ReDIF-Article 1.0
Author-Name: Mohammed Seid Hussen
Author-X-Name-First: Mohammed Seid
Author-X-Name-Last: Hussen
Author-Name: Murat Çokgezen
Author-X-Name-First: Murat
Author-X-Name-Last: Çokgezen
Title: Analysis of Factors Affecting Firm Innovation: An Empirical Investigation for Ethiopian Firms
Abstract: 
 The present study concentrates on answering following questions: (i) Do firm’s internal factors such as size, age, ownership, R&D spending, and exporting significantly predict the propensity of firms to engage in innovative activities in Ethiopia? (ii) Do firm’s external factors, namely, access to finance and competition, significantly predict the propensity of firms to engage in innovative activities in Ethiopia? The data source of the paper is a survey conducted by World Bank in 2015 on Ethiopian firms. Then, the factors influencing the innovativeness of Ethiopian firms are analyzed by using a logistic regression model. Results obtained through logistic regression suggest that internal factors such as the size of the firms, education level of the employees, technology adoption capability of managers, on-job training, and R&D expenditures have a significant positive impact on both types of innovations, while private and foreign ownership were only found to be significant for process innovation. Estimations also showed that access to finance has a significant (positive) impact on product innovation and the impact of the competition level is significant (negative) only in terms of process innovation. Most importantly, we found that, disregarding their statistical significance, all explanatory variables influence both process and product innovation in the same direction, probably because of the positive correlation between the two.
Journal: Journal of African Business
Pages: 169-192
Issue: 2
Volume: 21
Year: 2020
Month: 6
X-DOI: 10.1080/15228916.2019.1625020
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1625020
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Template-Type: ReDIF-Article 1.0
Author-Name: Olumuyiwa Tolulope Apanisile
Author-X-Name-First: Olumuyiwa Tolulope
Author-X-Name-Last: Apanisile
Author-Name: Tolulope Temilola Osinubi
Author-X-Name-First: Tolulope Temilola
Author-X-Name-Last: Osinubi
Title: Financial Development and the Effectiveness of Monetary Policy Channels in Nigeria: A DSGE Approach
Abstract: 
 The study examines the effect of financial development on the effectiveness of monetary policy transmission channels in Nigeria by estimating a sticky-price DSGE model using Bayesian estimation approach. Four major transmission channels are considered due to the economic and financial conditions of Nigeria. The study employs quarterly data from 2004:1 to 2016:4 and data are sourced from World Development Indicator (online version). Results show that financial development in the period under study has positive effect on monetary policy transmission channel. While credit channel is the most active channel in stimulating output, expectation channel is the most active in stabilizing prices.
Journal: Journal of African Business
Pages: 193-214
Issue: 2
Volume: 21
Year: 2020
Month: 6
X-DOI: 10.1080/15228916.2019.1625021
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1625021
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Handle: RePEc:taf:wjabxx:v:21:y:2020:i:2:p:193-214




Template-Type: ReDIF-Article 1.0
Author-Name: Prince Gyimah
Author-X-Name-First: Prince
Author-X-Name-Last: Gyimah
Author-Name: Kingsley O. Appiah
Author-X-Name-First: Kingsley O.
Author-X-Name-Last: Appiah
Author-Name: Robert N. Lussier
Author-X-Name-First: Robert N.
Author-X-Name-Last: Lussier
Title: Success versus Failure Prediction Model for Small Businesses in Ghana
Abstract: 
 This study tests the validity of Lussier model in predicting success or failure of small businesses in Ghana, Africa. The study uses logistic regression to analyze 101 failed and 107 successful small businesses. The results of the study support the model validity in Ghana and three variables (capital, economic timing, and marketing skills) were significant in predicting small businesses success or failure. The model also predicted 86.5% of the businesses accurately with a high R-square value. This study is the first to test the Lussier model in Africa and reinforces the validity of the Lussier model as a global success or failure prediction model that contributes to theory and practice. Implications for future and current entrepreneurs; government agencies that train, advice and assist small business owners; public policy makers; educators; suppliers; lenders; and consultants are presented.
Journal: Journal of African Business
Pages: 215-234
Issue: 2
Volume: 21
Year: 2020
Month: 6
X-DOI: 10.1080/15228916.2019.1625017
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1625017
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Template-Type: ReDIF-Article 1.0
Author-Name: Oluwatosin Adeniyi
Author-X-Name-First: Oluwatosin
Author-X-Name-Last: Adeniyi
Author-Name: Terver Kumeka
Author-X-Name-First: Terver
Author-X-Name-Last: Kumeka
Title: Exchange Rate and Stock Prices in Nigeria: Firm-Level Evidence
Abstract: 
 This study examined the symmetry and asymmetry of the exchange rate-stock price nexus for 54 firms listed on the Nigerian Stock Exchange (NSE). We employed asymmetric Auto Regressive Distributed Lag (ARDL) model proposed for time series, using daily data for the period from December 12, 2001 to December 8, 2017 . For comparative purposes, we also estimated the symmetric version. In the linear model, we found insignificant relationship between exchange rate and stock prices in most of the firms. Similarly, in the NARDL estimations, we observed that exchange rate movements do not have asymmetric impacts on stock prices in almost all the firms. In line with these findings, we recommend that financiers cannot make informed investment decisions using information obtained from the exchange rate market. In addition, the monetary authorities may need to reconsider the strict use of exchange rate as a policy tool to attract foreign portfolio investment.
Journal: Journal of African Business
Pages: 235-263
Issue: 2
Volume: 21
Year: 2020
Month: 6
X-DOI: 10.1080/15228916.2019.1607144
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1607144
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Template-Type: ReDIF-Article 1.0
Author-Name: Sam Erevbenagie Usadolo
Author-X-Name-First: Sam Erevbenagie
Author-X-Name-Last: Usadolo
Author-Name: Queen Emwenkeke Usadolo
Author-X-Name-First: Queen Emwenkeke
Author-X-Name-Last: Usadolo
Author-Name: Blessing Makwambeni
Author-X-Name-First: Blessing
Author-X-Name-Last: Makwambeni
Title: Influence of Leader-Member Exchange on Teachers’ Workplace Outcomes at Vocational Colleges in South Africa
Abstract: 
 In this study, the influence of leader-member exchange on teachers’ communication satisfaction and turnover intention is examined. A regression analysis shows that the independent variable (leader-member exchange) has a direct and significant effect on the dependent variables (communication satisfaction and turnover intention) in five vocational colleges examined in the Eastern Cape Province, South Africa. The findings confirm previous findings about the impact of workplace relationships on teachers’ attitudes and behaviours, especially supervisor-subordinate relationships. The implications of these findings are discussed as they relate to the management of teachers at vocational education institutions in South Africa.
Journal: Journal of African Business
Pages: 264-287
Issue: 2
Volume: 21
Year: 2020
Month: 6
X-DOI: 10.1080/15228916.2019.1641303
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1641303
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Handle: RePEc:taf:wjabxx:v:21:y:2020:i:2:p:264-287




Template-Type: ReDIF-Article 1.0
Author-Name: Gibson Munisi
Author-X-Name-First: Gibson
Author-X-Name-Last: Munisi
Title: Corporate Governance and Ownership Structure in Sub-Saharan Africa Countries
Abstract: 
 This study examines the relationship between corporate governance and ownership structure for the firms listed in the stock exchanges of 12 Sub-Saharan Africa countries, using data for the years 2006–2009. The findings indicate both managerial ownership and concentrated ownership are negatively related with corporate governance index. The results suggest managerial ownership and concentrated ownership are either the substitute of other good governance practices in reducing agency problems or cause of entrenchment. Furthermore, the results suggest that among the ownership structures variables the concentrated ownership and managerial ownership are key determinants of the adoption of other good corporate governance in the firms listed primarily in Sub-Saharan Africa countries.
Journal: Journal of African Business
Pages: 289-314
Issue: 3
Volume: 21
Year: 2020
Month: 07
X-DOI: 10.1080/15228916.2019.1646600
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1646600
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Handle: RePEc:taf:wjabxx:v:21:y:2020:i:3:p:289-314




Template-Type: ReDIF-Article 1.0
Author-Name: Ahmed Agyapong
Author-X-Name-First: Ahmed
Author-X-Name-Last: Agyapong
Author-Name: Stephen Zamore
Author-X-Name-First: Stephen
Author-X-Name-Last: Zamore
Author-Name: Henry Kofi Mensah
Author-X-Name-First: Henry Kofi
Author-X-Name-Last: Mensah
Title: Strategy and Performance: Does Environmental Dynamism Matter?
Abstract: 
 This paper examines the moderating role of environmental dynamism on the link between strategy and performance. Based on a random sample of micro and small businesses (MSBs) in an emerging economy – Ghana, this study tests the applicability of the strategic-fit paradigm, which assumes that positive organizational outcomes require a match between environment and strategy. Using confirmatory factor analysis and ordinary least squares regression techniques, the results show that MSBs pursuing low-cost strategy in a dynamic environment may have higher performance while those pursuing differentiation strategy in a dynamic environment may have lower performance. The results suggest that MSBs should enhance the implementation of cost-leadership strategy when environmental dynamism is high and implement differentiation strategy only when environmental conditions are stable.
Journal: Journal of African Business
Pages: 315-337
Issue: 3
Volume: 21
Year: 2020
Month: 07
X-DOI: 10.1080/15228916.2019.1641304
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1641304
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Handle: RePEc:taf:wjabxx:v:21:y:2020:i:3:p:315-337




Template-Type: ReDIF-Article 1.0
Author-Name: Simon Pierre Sigué
Author-X-Name-First: Simon Pierre
Author-X-Name-Last: Sigué
Author-Name: Altante Désirée Biboum
Author-X-Name-First: Altante Désirée
Author-X-Name-Last: Biboum
Title: Entrepreneurial Marketing and Social Networking in Small and Medium Service Enterprises: A Case Study into Business Dealings in Cameroon
Abstract: 
 This paper investigates how owners/managers of service small and medium enterprises (SME) leverage on social networks to develop and implement successful marketing strategies. Adopting an entrepreneurial marketing perspective, in-depth interviews with owners/managers of SME in the city of Douala, Cameroon, are conducted and analyzed. We found that owners/managers of service SME use their social relationships to create and deliver customer value via market intelligence, access, and acquisition of new customers, and retention of current customers. Some specific mechanisms utilized include finding door openers to new customers, offering gifts to consolidate business and social bonds, and treating key customers like family members. Finally, the reliance on managerial relationships often can have adverse effects on some marketing activities.
Journal: Journal of African Business
Pages: 338-354
Issue: 3
Volume: 21
Year: 2020
Month: 07
X-DOI: 10.1080/15228916.2019.1625022
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1625022
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Handle: RePEc:taf:wjabxx:v:21:y:2020:i:3:p:338-354




Template-Type: ReDIF-Article 1.0
Author-Name: George Okello Candiya Bongomin
Author-X-Name-First: George
Author-X-Name-Last: Okello Candiya Bongomin
Author-Name: John C Munene
Author-X-Name-First: John C
Author-X-Name-Last: Munene
Title: Financial Inclusion of the Poor in Developing Economies in the Twenty-first Century: Qualitative Evidence from Rural Uganda
Abstract: 
 The main purpose of this study is to examine financial inclusion of the poor by formal financial services’ providers in developing economies with data obtained from rural Uganda. Exploratory research design was used in this study and 50 poor households’ heads were interviewed to get their responses on being financially included by microfinance deposit-taking institutions (MDIs) in Uganda. The qualitative data collected from the interviews were analyzed using NVivo software and verbatim text were used to explain emergent themes and sub-themes from this study. The findings revealed that suitable initial account opening fees, minimum deposit requirement, limited eligibility requirements, permanence of use, depth of financial services and products, relevance of financial services/products in terms of convenience, flexibility, reliability, continuity, safety, dignity of treatment (clients’ protection), and welfare improvement are important determinants of financial inclusion of the poor in developing economies, especially in rural Uganda.
Journal: Journal of African Business
Pages: 355-374
Issue: 3
Volume: 21
Year: 2020
Month: 07
X-DOI: 10.1080/15228916.2019.1646601
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1646601
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Handle: RePEc:taf:wjabxx:v:21:y:2020:i:3:p:355-374




Template-Type: ReDIF-Article 1.0
Author-Name: Alexander Diani Kofi Preko
Author-X-Name-First: Alexander Diani
Author-X-Name-Last: Kofi Preko
Author-Name: Samuel Kwami Agbanu
Author-X-Name-First: Samuel Kwami
Author-X-Name-Last: Agbanu
Author-Name: Mawuli Feglo
Author-X-Name-First: Mawuli
Author-X-Name-Last: Feglo
Title: Political Marketing Strategy: Soundbites and Voting Behaviour in Contemporary Ghana
Abstract: 
 This study examines the inﬂuence of soundbites, political media, rationality, and emotion on voter behavior utilizing the Rational Choice Theory in the context of political marketing. Data were collected through questionnaire self-administered to 557 voters. Structural equation modeling was applied to examine the significant effects among the studied constructs. The findings revealed that soundbites, political media, rationality, and emotion positively influence voter behavior in Ghana. Again, the finding showed that the language used in communicating the soundbites significantly moderates the relationship between soundbites and voter behavior. Overall, the study establishes that soundbites and emotion relatively contribute higher to voter behavior. The study suggests that soundbite is gaining recognition in Ghana’s politics as a political marketing strategy to disseminate information to voters.
Journal: Journal of African Business
Pages: 375-394
Issue: 3
Volume: 21
Year: 2020
Month: 07
X-DOI: 10.1080/15228916.2019.1641305
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1641305
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Handle: RePEc:taf:wjabxx:v:21:y:2020:i:3:p:375-394




Template-Type: ReDIF-Article 1.0
Author-Name: Claude Ménard
Author-X-Name-First: Claude
Author-X-Name-Last: Ménard
Author-Name: Wytse Vellema
Author-X-Name-First: Wytse
Author-X-Name-Last: Vellema
Title: Inclusive Business Models in Agri-food Value Chains: What Safeguards for Whom?
Abstract: 
 Inclusive business models are promoted as unique opportunities to combine profitability for firms needing reliable supply from small-scale farmers with market inclusion for those farmers. In environments with weak public institutions, such agreements may be conducive to sustainable income, yet costly or even impossible to enforce. They rely on firms willing to provide investment while being exposed to high appropriability hazards. This paper explores the relationship between investments, appropriability hazards, and safeguards based on ten African case studies. Results suggest that in environments in which commitments are hard to secure, the business model chosen is largely determined by safeguarding against side-selling.
Journal: Journal of African Business
Pages: 395-415
Issue: 3
Volume: 21
Year: 2020
Month: 07
X-DOI: 10.1080/15228916.2019.1658842
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1658842
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Handle: RePEc:taf:wjabxx:v:21:y:2020:i:3:p:395-415




Template-Type: ReDIF-Article 1.0
Author-Name: Fortunatus Moo
Author-X-Name-First: Fortunatus
Author-X-Name-Last: Moo
Author-Name: Alex Eyiah
Author-X-Name-First: Alex
Author-X-Name-Last: Eyiah
Title: Factors Influencing the Growth of Small and Medium Construction Firms in Northern Ghana
Abstract: 
 The construction industry is critical to economic development. Small and medium construction firms (SMCFs) play a key role in the process. The need for vibrant and efficient SMCFs cannot be overemphasized. This study sought to identify factors affecting the survival and growth of SMCFs in northern Ghana. The study adopted a qualitative approach involving face to face interview with SMCFs and construction consultants. Analysis was conducted using a triangulation of word auto-summary, manual summary and Nvivo 8. Key challenges included delay in payment, politics/corruption in the award of contracts, and difficulties in accessing credit. Strategies adopted by SMCFs to spur growth included establishing good relation with clients, low bids, affiliating with political parties and good quality of work. Training and adoption of appropriate regulatory framework would enhance the growth of SMCFs. The findings provide an insight for further research in other regions of Ghana, for comparison and subsequently generalization.
Journal: Journal of African Business
Pages: 416-431
Issue: 3
Volume: 21
Year: 2020
Month: 07
X-DOI: 10.1080/15228916.2019.1641306
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1641306
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Template-Type: ReDIF-Article 1.0
Author-Name: Steven M. Burgess
Author-X-Name-First: Steven M.
Author-X-Name-Last: Burgess
Author-Name: Naresh K. Malhotra
Author-X-Name-First: Naresh K.
Author-X-Name-Last: Malhotra
Title: Marketing in African Emerging Markets: Emerging Perspectives
Journal: Journal of African Business
Pages: 433-438
Issue: 4
Volume: 21
Year: 2020
Month: 10
X-DOI: 10.1080/15228916.2020.1785655
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1785655
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Handle: RePEc:taf:wjabxx:v:21:y:2020:i:4:p:433-438




Template-Type: ReDIF-Article 1.0
Author-Name: Steven Michael Burgess
Author-X-Name-First: Steven Michael
Author-X-Name-Last: Burgess
Title: Making a Global Impact the Institutions-based View and African Contingency Theory Development
Abstract: 
 As the Journal of African Business moves past its first twenty years, it is a time to contemplate new research directions. Contingency theories offer an exciting way forward that plays to the strengths of African researchers and the relevance of African research in global scholarship. This paper illustrates a practical, step-by-step approach to contingency theory development in emerging markets. The approach will help researchers apply institutions-based view thinking to important African problems in marketing and international business.
Journal: Journal of African Business
Pages: 439-461
Issue: 4
Volume: 21
Year: 2020
Month: 10
X-DOI: 10.1080/15228916.2020.1785657
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1785657
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Handle: RePEc:taf:wjabxx:v:21:y:2020:i:4:p:439-461




Template-Type: ReDIF-Article 1.0
Author-Name: Gregory John Lee
Author-X-Name-First: Gregory John
Author-X-Name-Last: Lee
Title: Employee Training and Development as an Antecedent of Firm Customer Capabilities: Longitudinal Moderation by Firm Size and Market Type
Abstract: 
 Employee training and development are usually believed to improve various elements of firm outcomes including customer outcomes and capabilities. However, theory and substantial evidence suggests that training outcomes differ by firm size, with larger firms potentially benefitting more. Theory may also suggest that that training and development have a greater overall impact in emerging economies which may lack the depth of educational systems as well as digitization and automation of customer service enjoyed in advanced economies. The current article extends this literature, testing the main effect of training and development on customer loyalty and moderation effects of firm size and market type on this main relationship among 2056 listed firms across 66 countries and using annual panel data spanning 2010–2016. However, the empirical results find support for neither strong effects of training and development on customer loyalty nor for the proposed moderation effects. Unique elements of this research include the longitudinal and large-sample, global methodology as well as the unusual null-effects findings which contradict earlier findings and may provide food for thought in this field.
Journal: Journal of African Business
Pages: 462-475
Issue: 4
Volume: 21
Year: 2020
Month: 10
X-DOI: 10.1080/15228916.2020.1785656
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1785656
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Handle: RePEc:taf:wjabxx:v:21:y:2020:i:4:p:462-475




Template-Type: ReDIF-Article 1.0
Author-Name: Nomusa B. Mazonde
Author-X-Name-First: Nomusa B.
Author-X-Name-Last: Mazonde
Author-Name: Teresa Carmichael
Author-X-Name-First: Teresa
Author-X-Name-Last: Carmichael
Title: The African Context, Cultural Competence and Emic Aspects of Qualitative Research
Abstract: 
 The context of African and Eastern emerging markets often requires research methods to be adapted for culture and less sophisticated levels of human development. Recently there have been calls from scholars to increase African contributions to knowledge creation by being open to an interpretivist approach. This conceptual paper responds to the appeals by describing ways in which researchers may supplement existing knowledge by repositioning their worldviews from an outsider (etic perspective) perspective to that of an insider (emic perspective), taking on a range of culturally-relevant skills and attitudes. Being explicit about the contextual assumptions and boundary conditions of a study facilitates a shift from acontextual generalizable research to rich and detailed explications grounded purely in the gathered data; such an approach enables the emergence of new theories which may later be tested empirically.
Journal: Journal of African Business
Pages: 476-492
Issue: 4
Volume: 21
Year: 2020
Month: 10
X-DOI: 10.1080/15228916.2020.1785248
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1785248
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Handle: RePEc:taf:wjabxx:v:21:y:2020:i:4:p:476-492




Template-Type: ReDIF-Article 1.0
Author-Name: Thomas Anning-Dorson
Author-X-Name-First: Thomas
Author-X-Name-Last: Anning-Dorson
Author-Name: Michael Boadi Nyamekye
Author-X-Name-First: Michael Boadi
Author-X-Name-Last: Nyamekye
Title: Engagement Capability, Innovation Intensity and Firm Performance: The Role of Competitive Intensity
Abstract: 
 This study assesses how service firms’ engagement capability enhances their value creation advantages. We analyze how the development of engagement capability helps service firms to create innovation advantages and enhance firm performance. The study also evaluates the moderating effect of competitive intensity on the relationship between engagement capability and firm performance. We collected data from the service sectors from an emerging African economy, Ghana. The validity and the reliability of the constructs were confirmed through a confirmatory factor analysis. We then assessed our hypothesized relationships through robust standard error hierarchical regression. The results show that developing and deploying customer engagement capability by firms produces positive effects on both innovation intensity and firm performance. The study also finds that competitive intensity as a market condition serves as a boundary condition and therefore moderate the relationship between customer engagement and firm performance. A useful implication from this study is that, inasmuch as service firms must encourage customer engagement and participation in the value creation process, firms must also be mindful of their capacity to meet the engagement requirements for effective value co-creation of the market conditions under which they currently operate.
Journal: Journal of African Business
Pages: 493-508
Issue: 4
Volume: 21
Year: 2020
Month: 10
X-DOI: 10.1080/15228916.2020.1790914
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1790914
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Template-Type: ReDIF-Article 1.0
Author-Name: Chantal Rootman
Author-X-Name-First: Chantal
Author-X-Name-Last: Rootman
Author-Name: Janine Krüger
Author-X-Name-First: Janine
Author-X-Name-Last: Krüger
Title: Increasing Customer Adoption of the Mobile Payment Technology Zapper in South Africa
Abstract: 
 Firms need to stay competitive in the dynamic business environment. Therefore, it is important for firms to understand customer needs and wants, including their preferences relating to payment methods, especially in emerging markets. The methods customers use to pay for products/services are changing. Firms should be knowledgeable about customers’ reasons to use or not use a specific mobile payment technology. Therefore, this study investigated the factors influencing customer adoption of a specific mobile payment technology in South Africa, namely Zapper. A quantitative study was employed, and for the empirical investigation a convenience sample of 175 respondents completed a self-administered, structured questionnaire. The data was quantitatively analyzed and the main results showed that the Usefulness of Zapper is the most important factor influencing customer adoption. The study made a valuable contribution, as it provided better insight into the factors significantly influencing the adoption of Zapper as a mobile payment technology. Should firms implement this study’s recommendations it may be beneficial, as the number of customers using Zapper to pay for their product/services would increase.
Journal: Journal of African Business
Pages: 509-528
Issue: 4
Volume: 21
Year: 2020
Month: 10
X-DOI: 10.1080/15228916.2020.1790915
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1790915
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Handle: RePEc:taf:wjabxx:v:21:y:2020:i:4:p:509-528




Template-Type: ReDIF-Article 1.0
Author-Name: Diane Irankunda
Author-X-Name-First: Diane
Author-X-Name-Last: Irankunda
Author-Name: Peter A.G. Van Bergeijk
Author-X-Name-First: Peter A.G.
Author-X-Name-Last: Van Bergeijk
Title: Financial Inclusion of Urban Street Vendors in Kigali
Abstract: 
 We study street vendors in the Nyarugenge District (Kigali, Rwanda) during field research (July to August 2017) using a multimethod approach including field observation, a survey and background interviews. The survey tests assumptions by policymakers about the determinants of financial inclusion of informal sector workers in order to strengthen the evidence base for Rwandan policies aimed at financial inclusion of the informal sector.An ordered probit analysis supports the importance of gender for both de facto bank account use of self-employed in the informal sector. From a policy perspective it is relevant that key actors during background interviews have indicated that they believe that individual characteristics such as gender are not important for the formal decision to accept an individual as an account holder at a financial institution (de jure financial inclusion), but that this is contradicted by the fact that gender is a statistically significant determinant of frequency of use (de facto financial inclusion). The presence of a financial institution in the home location of the street vendor is the most significant determinant identified by our research. From a policy perspective this underlines the importance of good financial infrastructure: the geography of financial inclusion is important as has been established by earlier research on the differences between urban and rural areas, but our results show that the driver is the availability of a financial institution in the street vendor’s hometown, thus providing policymakers with a tool to improve financial inclusion in Rwanda.
Journal: Journal of African Business
Pages: 529-543
Issue: 4
Volume: 21
Year: 2020
Month: 10
X-DOI: 10.1080/15228916.2019.1695182
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1695182
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Template-Type: ReDIF-Article 1.0
Author-Name: Samuel Kwaku Agyei
Author-X-Name-First: Samuel Kwaku
Author-X-Name-Last: Agyei
Author-Name: Edward Marfo-Yiadom
Author-X-Name-First: Edward
Author-X-Name-Last: Marfo-Yiadom
Author-Name: Abraham Ansong
Author-X-Name-First: Abraham
Author-X-Name-Last: Ansong
Author-Name: Anthony Adu Asare Idun
Author-X-Name-First: Anthony Adu Asare
Author-X-Name-Last: Idun
Title: Corporate Tax Avoidance Incentives of Banks in Ghana
Abstract: 
 This study built on the tax avoidance literature in at least two main strands: 1) applying the tax avoidance theories and hypothesis to financial institutions which have been neglected in the empirical literature; and 2) assessing the possibility of tax avoidance persistence among banks, from a developing country perspective. Data from 18 commercial banks in Ghana from 2010 to 2014 were analyzed using systems generalized method of moments estimation technique. The study concluded that while the presence of non-executive directors on boards, aging banks, and liquidity condition motivate banks to engage in tax avoidance schemes, big banks and banks at their latter stages in their lifecycle are discouraged from undertaking tax avoidance activities. Thus, tax avoidance activities exist in financial institutions just like non-financial firms but no evidence exists to support the assertion that tax avoidance schemes persist among banks. Managers of financial institutions must take advantage of existing tax avoidance opportunities by designing appropriate policies that factor in relevant firm-level characteristics.
Journal: Journal of African Business
Pages: 544-559
Issue: 4
Volume: 21
Year: 2020
Month: 10
X-DOI: 10.1080/15228916.2019.1695183
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1695183
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Template-Type: ReDIF-Article 1.0
Author-Name: Deusdedit Augustine Rwehumbiza
Author-X-Name-First: Deusdedit Augustine
Author-X-Name-Last: Rwehumbiza
Title: Locus and Revenue of Export Manufacturers: Why Extra-Regional Markets?
Abstract: 
 Despite substantial research on exporting in Africa, there has been negligible if any empirical research on a choice between regional and extra-regional markets as the locus of firms’ expansion. Using multiple-case studies, this paper provides an in-depth analysis of the drivers of exports revenue from extra-regional markets. The paper also explores whether two main theories, transaction cost economics (TCE) and resource-based view (RBV) compete or complement each other in explaining the choice of this market category. Data and information from an open-ended interview with four firms and five supporting institutions show that country-specific advantages attract investors with superior resources and capabilities to lucratively exploit preferential market opportunities in extra-regional markets, particularly USA. When choosing the latter over regional markets, firms anchor their operations in the global value chains, the TCE and RBV intertwine in providing further explanations. In conclusion, this study urges governments and business managers targeting high-value markets outside Africa to tie buyer-driven industries such as clothing to similar value chains.
Journal: Journal of African Business
Pages: 560-577
Issue: 4
Volume: 21
Year: 2020
Month: 10
X-DOI: 10.1080/15228916.2019.1695186
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1695186
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Handle: RePEc:taf:wjabxx:v:21:y:2020:i:4:p:560-577




Template-Type: ReDIF-Article 1.0
Author-Name: George Okello Candiya Bongomin
Author-X-Name-First: George
Author-X-Name-Last: Okello Candiya Bongomin
Author-Name: John C. Munene
Author-X-Name-First: John C.
Author-X-Name-Last: Munene
Title: Analyzing the Relationship between Mobile Money Adoption and Usage and Financial Inclusion of MSMEs in Developing Countries: Mediating Role of Cultural Norms in Uganda
Abstract: 
 The main purpose of this study is to analyze the mediating role of cultural norms in the relationship between mobile money adoption and usage and financial inclusion of micro small and medium enterprises (MSMEs) in developing countries. The results revealed existence of significant and positive mediating role of cultural norms in the relationship between mobile money adoption and usage and financial inclusion of MSMEs in developing countries with data collected from Uganda. Accordingly, the designers of digital financial products and mobile network operators (MNOs) should consider the role of cultural norms while inventing financial products and services offered through the mobile money channel.
Journal: Journal of African Business
Pages: 1-20
Issue: 1
Volume: 22
Year: 2021
Month: 01
X-DOI: 10.1080/15228916.2019.1695189
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1695189
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Template-Type: ReDIF-Article 1.0
Author-Name: Magdalene Kasyoka Wilson
Author-X-Name-First: Magdalene Kasyoka
Author-X-Name-Last: Wilson
Author-Name: Désiré J.-M. Vencatachellum
Author-X-Name-First: Désiré J.-M.
Author-X-Name-Last: Vencatachellum
Title: Global Financial Markets, Natural Resources and Cross-Border Mergers and Acquisitions in Africa
Abstract: 
 This paper investigated the influence of global financial markets and natural resources on cross-border Mergers &Acquisitions (M&A) in Africa. With the use of a dynamic panel data model, we found that international stock markets exerted a positive and significant influence on cross-border M&A in Africa, whereas international interest rates had a negative influence. The continent’s endowment in natural resources and the high demand for commodities during the period under investigation had a significant positive eﬀect on cross-border M&A flows in Africa. The findings further confirm that cross-border M&A in Africa are pro-cyclical and that the locational factors that attract M&A into Africa include financial development and macroeconomic stability.
Journal: Journal of African Business
Pages: 21-41
Issue: 1
Volume: 22
Year: 2021
Month: 01
X-DOI: 10.1080/15228916.2019.1693220
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1693220
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Template-Type: ReDIF-Article 1.0
Author-Name: Michael Karikari Appiah
Author-X-Name-First: Michael Karikari
Author-X-Name-Last: Appiah
Author-Name: Bayu Taufiq Possumah
Author-X-Name-First: Bayu Taufiq
Author-X-Name-Last: Possumah
Author-Name: Nizam Ahmat
Author-X-Name-First: Nizam
Author-X-Name-Last: Ahmat
Author-Name: Nur Azura Sanusi
Author-X-Name-First: Nur Azura
Author-X-Name-Last: Sanusi
Title: Do Industry Forces Affect Small and Medium Enterprise’s Investment in Downstream Oil and Gas Sector? Empirical Evidence from Ghana
Abstract: 
 There is the need to reexamine the nexus between industry forces and investment behavior due to mixed and ambiguous results in most previous studies. The purpose of this study is to investigate how the antecedents of industry forces affect investment behavior of Small and medium enterprises (SMEs) in Ghana’s downstream oil and gas sector. The SMEs manager’s perceived benefits of oil and gas trade have also been examined. A cross sectional survey methodology has been used to collect data from 475 Ghanaian SMEs via structured questionnaire. Data have been analyzed using partial least square method. Using exploratory factor analysis and multiple regression analysis our results reveal that threat of entry, competitive rivalry, power of suppliers and power of buyers are related to SMEs investment behavior. We find insufficient empirical evidence to support the relationship between threat of substitutes and investment behavior. Our substantive evidence further show that SMEs managers/owners have high expectation from the oil and gas trade notably: High earnings, employment opportunities, improvement in infrastructure and service extension to Ghanaians. Our robust results are partially consistent with Porters’ five forces model. These results have important implication on oil and gas investment and industrial restructuring to facilitate SMEs participation in the sector.
Journal: Journal of African Business
Pages: 42-60
Issue: 1
Volume: 22
Year: 2021
Month: 01
X-DOI: 10.1080/15228916.2020.1752599
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1752599
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Template-Type: ReDIF-Article 1.0
Author-Name: Mthuli Ncube
Author-X-Name-First: Mthuli
Author-X-Name-Last: Ncube
Author-Name: Kazbi Soonawalla
Author-X-Name-First: Kazbi
Author-X-Name-Last: Soonawalla
Author-Name: Kjell Hausken
Author-X-Name-First: Kjell
Author-X-Name-Last: Hausken
Title: The Links between Business Environment, Economic Growth and Social Equity: A Study of African Countries
Abstract: 
 This paper examines the relationship between the business environment, economic growth, urbanization, female labor force participation, and child mortality in African countries. Our method is to estimate the dependent variables, that is, growth and development factors, regressed on various groups of independent variables, that is, business development indicators. Our results show that the business environment has an impact on these economic and social variables. Specifically, stronger economic growth is associated with improvements in the environment for starting a business. Female labor force participation improves under conditions of better contract enforcement. Decreased child mortality is likewise associated with improvements in ease of starting a business, access to permits, and contract enforcement. The rate of urbanization shows weaker correlation with business environment variables suggesting that it is driven by other broader factors. We posit policy implications based on the reported correlations and associations, tying social equity and economic benefits to strengthened business environment variables.
Journal: Journal of African Business
Pages: 61-84
Issue: 1
Volume: 22
Year: 2021
Month: 01
X-DOI: 10.1080/15228916.2019.1695184
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1695184
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Template-Type: ReDIF-Article 1.0
Author-Name: Sunday S. Akpan
Author-X-Name-First: Sunday S.
Author-X-Name-Last: Akpan
Author-Name: Fauziah Mahat
Author-X-Name-First: Fauziah
Author-X-Name-Last: Mahat
Author-Name: Nordin Bany-Ariffin
Author-X-Name-First: Nordin
Author-X-Name-Last: Bany-Ariffin
Author-Name: Annuar Nassir
Author-X-Name-First: Annuar
Author-X-Name-Last: Nassir
Title: Performance Effect of Risk-based Capital Policy on Insurers: Longitudinal Microdata Evidence
Abstract: 
 Risk-based capitalization (RBC) is an insurance regulation policy aimed at protecting policyholders. But effects of this policy on insurers’ performance are conjectural as empirical studies are scarce. This study investigates RBC influence, in the context of capital structure, on return on asset (ROA), return on equity (ROE) and earnings per share (EPS) of insurers using 2SLS fixed and random effect models. From the results, RBC improved ROA and EPS significantly, but reduced ROE insignificantly. It concluded that RBC policy make a significant positive contribution to ROA and EPS. ROE is not significantly affected by RBC policy for the period under review.
Journal: Journal of African Business
Pages: 85-105
Issue: 1
Volume: 22
Year: 2021
Month: 01
X-DOI: 10.1080/15228916.2019.1695181
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1695181
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:1:p:85-105




Template-Type: ReDIF-Article 1.0
Author-Name: Daniel Sakyi
Author-X-Name-First: Daniel
Author-X-Name-Last: Sakyi
Author-Name: Patrick Opoku Onyinah
Author-X-Name-First: Patrick Opoku
Author-X-Name-Last: Onyinah
Author-Name: Samuel Tawiah Baidoo
Author-X-Name-First: Samuel Tawiah
Author-X-Name-Last: Baidoo
Author-Name: Enock Kojo Ayesu
Author-X-Name-First: Enock Kojo
Author-X-Name-Last: Ayesu
Title: Empirical Determinants of Saving Habits among Commercial Drivers in Ghana
Abstract: 
 This study investigates the determinants of saving among individuals in the informal sector of Ghana with a focus on those engaged in commercial driving activities. The paper relies on primary data and employs descriptive analysis and the binary probit model as the estimation technique. The results reveal that commercial drivers who own the vehicle themselves, have a secondary occupation and have financial institutions close to their stations are more likely to save. In addition, the study reveals a negative relationship between age, education, financial literacy and saving. Based on these findings, relevant policy suggestions have been provided.
Journal: Journal of African Business
Pages: 106-125
Issue: 1
Volume: 22
Year: 2021
Month: 01
X-DOI: 10.1080/15228916.2019.1695188
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1695188
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:1:p:106-125




Template-Type: ReDIF-Article 1.0
Author-Name: Dorothy Nampewo
Author-X-Name-First: Dorothy
Author-X-Name-Last: Nampewo
Title: Why are Lending Rates Sticky? Investigating the Asymmetrical Adjustment of Bank Lending Rates in Uganda
Abstract: 
 We investigate the drivers of the asymmetrical response of lending rates to changes in the policy rates in Uganda. The analysis is based on panel error correction methods on Ugandan bank-level data over the period 2009–2017. Results confirm that lending rates are sticky downward. The factors associated with the asymmetrical response of interest rates to policy rates include the following: risk, cost, the level of bank capitalization, banking sector concentration, and government borrowing. These results provide new insights necessary for the design of appropriate policy measures to reduce the high and sticky lending rates.
Journal: Journal of African Business
Pages: 126-151
Issue: 1
Volume: 22
Year: 2021
Month: 01
X-DOI: 10.1080/15228916.2019.1693221
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1693221
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:1:p:126-151




Template-Type: ReDIF-Article 1.0
Author-Name: Baah Aye Kusi
Author-X-Name-First: Baah Aye
Author-X-Name-Last: Kusi
Author-Name: Gloria Dzeha
Author-X-Name-First: Gloria
Author-X-Name-Last: Dzeha
Author-Name: Kwadwo Kwakye Gyan
Author-X-Name-First: Kwadwo Kwakye
Author-X-Name-Last: Gyan
Author-Name: Festus Ebo Turkson
Author-X-Name-First: Festus Ebo
Author-X-Name-Last: Turkson
Title: Debt Capital Structure and Credit Information Sharing: Evidence on Listed Firms from an Emerging Market
Abstract: 
 This study examines the effect of credit information sharing on debt financing structure of listed firm on the Ghana Stock Exchange market between 2003 and 2013. Employing a panel data of 20 listed non-financial firms in Ghana in robust ordinary least squares, random effect and fixed effect models, findings are presented on how information sharing affect debt financing structure. Findings show that information sharing, coverage quality and the presence predominantly promote short-term debt financing options while these at the same time detract long-term debt financing options. While the positive nexus between credit information sharing and short-term debt financing confirms the information asymmetry and information sharing theories, We attribute the negative nexus between credit information sharing and long-term debt financing options to the shallow and weak nature of credit information sharing activities and institutions; hence making it difficult to permeate risks and uncertainties surrounding long-term financing options. This is an indication that credit information can increase access to debt financing for firms. These findings imply that policymakers must enact policies and laws that deepen, expand and enhance the coverage and quality of credit information in order for the full potency of information sharing can be realized on the debt financing structure of firms.
Journal: Journal of African Business
Pages: 153-170
Issue: 2
Volume: 22
Year: 2021
Month: 04
X-DOI: 10.1080/15228916.2020.1745010
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1745010
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Template-Type: ReDIF-Article 1.0
Author-Name: Emiel L. Eijdenberg
Author-X-Name-First: Emiel L.
Author-X-Name-Last: Eijdenberg
Author-Name: Nsubili M. Isaga
Author-X-Name-First: Nsubili M.
Author-X-Name-Last: Isaga
Author-Name: Leonard J. Paas
Author-X-Name-First: Leonard J.
Author-X-Name-Last: Paas
Author-Name: Enno Masurel
Author-X-Name-First: Enno
Author-X-Name-Last: Masurel
Title: Fluid Entrepreneurial Motivations in Tanzania
Abstract: 
 Entrepreneurial motivations, in terms of necessity and opportunity, are key for small businesses and are studied extensively from a static perspective, especially in economically developed contexts. However, previous research has largely overlooked the dynamics of entrepreneurial motivations. We explore the fluidity of entrepreneurial motivations – together with socio-demographics and needs fulfillment – in Tanzania’s emerging economy. This context is ideal for studying fluid entrepreneurial motivations because of economic contradictions, rapid societal developments and the presence of large numbers of small business owners. Based on a literature review that leads to hypotheses and a focus group on the spot, a survey was developed and completed by 168 small business owners in Morogoro, Tanzania. Descriptive, correlation, latent-class, factor and regression analyses were carried out on the quantitative data. The findings show that small business owners are clustered by their entrepreneurial motivations and that these motivations change from necessity to opportunity. A higher educational level leads to more opportunity-focused entrepreneurial motivations at the start of the business. In later stages, an increase in the fulfillment of personal needs shifts entrepreneurial motivations toward opportunity motivation. In addition to existing literature, the findings provide a detailed, segmented profile of small business owners’ entrepreneurial motivations over time.
Journal: Journal of African Business
Pages: 171-189
Issue: 2
Volume: 22
Year: 2021
Month: 04
X-DOI: 10.1080/15228916.2019.1695191
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1695191
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:2:p:171-189




Template-Type: ReDIF-Article 1.0
Author-Name: Ibrahim A Musenze
Author-X-Name-First: Ibrahim A
Author-X-Name-Last: Musenze
Author-Name: Thomas Sifuna Mayende
Author-X-Name-First: Thomas Sifuna
Author-X-Name-Last: Mayende
Title: Coordination and Quality Service Delivery in Service Organizations: Qualitative Investigation
Abstract: 
 The study investigated how coordination mechanisms drive quality service delivery in Uganda’s local governments. Using an interview guide, data were collected from 24 participants of Uganda’s local governments and analyzed through thematic content analysis. Findings indicated that coordination mechanisms drive quality service delivery in Uganda’s local governments. Practically, it is manifest that organizations should be aware of the importance of coordination mechanisms on quality service delivery and strive to execute policies crucial for coordination mechanisms to deliver quality services. In addition, local governments that manage their dependencies (coordination) have better chances of survival. This study empirically extends the limited research on coordination and quality service delivery to the local government sector, an area least considered in the literature. Further, it demonstrates that coordination mechanisms are very important in the quality service delivery processes. Methodologically, the findings suggest that in a wider sense, the framework linking coordination to service quality in local government sector can be investigated from a qualitative angle.
Journal: Journal of African Business
Pages: 190-208
Issue: 2
Volume: 22
Year: 2021
Month: 04
X-DOI: 10.1080/15228916.2019.1699758
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1699758
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:2:p:190-208




Template-Type: ReDIF-Article 1.0
Author-Name: S. Rudansky-Kloppers
Author-X-Name-First: S.
Author-X-Name-Last: Rudansky-Kloppers
Author-Name: J.W. Strydom
Author-X-Name-First: J.W.
Author-X-Name-Last: Strydom
Title: Target Market Solutions in South African Online Businesses: The Generational Effect
Abstract: 
 Questions arise whether demographic, socio-economic and motivational criteria based on, inter alia, gender, income, education as well as generational cohort alignment can assist online businesses in making optimal target market decisions. Are there alternative target markets in the growing online community? Quantitative research with 111 respondents telephonically interviewed in the Gauteng province of South Africa provided the data. Two generational cohorts of consumers were identified that are buying online, namely the generation X&Y cluster and the Baby Boomers cluster. Generation X&Y is the larger group but has lower income levels. Both groups are well-educated with more male shoppers going online. Online businesses should acknowledge the emergence of the Baby Boomers as a viable force in online shopping as they have sufficient disposable income. They are the leading buyers of books, travel tickets and even electronic equipment and computers. Only in the apparel category is Generation X & Y the leading online buyers. Online retailers should keep track of generational online buying behavior as this is a dynamic environment where online businesses could easily misjudge their target market.
Journal: Journal of African Business
Pages: 209-234
Issue: 2
Volume: 22
Year: 2021
Month: 04
X-DOI: 10.1080/15228916.2020.1745008
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1745008
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:2:p:209-234




Template-Type: ReDIF-Article 1.0
Author-Name: Marinda Pretorius
Author-X-Name-First: Marinda
Author-X-Name-Last: Pretorius
Author-Name: Ilsé Botha
Author-X-Name-First: Ilsé
Author-X-Name-Last: Botha
Title: Leads and Lags in African Sovereign Credit Ratings
Abstract: 
 The majority of sovereign nations have a formal credit rating from more than one credit rating agency in order to bridge the potential informational gap that goes with only one formal rating. This study investigates the behavior of rating agencies to determine if the African sovereign ratings by the three major credit rating agencies are different and if their rating actions have any influence on each other. The lead–lag relationships between the agencies are investigated by making use of a method similar to the Granger causality test in an ordered probit pooled-data and individual country time-series setting. The monthly rating changes for the three agencies were used for 12 African countries from 2009 to 2018. The results show that when general rating changes are taken into account, Moody’s follows Fitch in more instances than Fitch follows Moody’s. Furthermore, when upgrade and downgrade actions are taken into account, Standard and Poor’s leads Fitch during all downgrade periods and in some periods after a rating upgrade. It is also shown that Fitch leads Moody’s during all downgrade periods and in some periods after a rating upgrade. In terms of individual country results, for 7 of the 12 countries, there is no evidence of herding or habit behavior between any of the rating pairs. Herding behavior was identified between different pairs of rating agencies for Angola, Egypt, Mozambique, South Africa, and Tunisia. Fitch exhibits habit behavior for Mozambique, whereas Standard and Poor’s shows contrarian habit behavior for that country.
Journal: Journal of African Business
Pages: 235-253
Issue: 2
Volume: 22
Year: 2021
Month: 04
X-DOI: 10.1080/15228916.2020.1745009
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1745009
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:2:p:235-253




Template-Type: ReDIF-Article 1.0
Author-Name: Stephen Esaku
Author-X-Name-First: Stephen
Author-X-Name-Last: Esaku
Title: Export Markets and Firm Productivity in Sub-Saharan Africa
Abstract: 
 In this paper, we analyze the significance of export market destinations for productivity growth in Sub-Saharan Africa. We use matching and difference-in-differences techniques to evaluate these questions. We find that exports generate productivity growth among exporters, with the more productive firms exporting to multiple markets. We also find that changes in export markets are as a result of firm-level productivity growth suggesting that firms will sell products to additional markets if their productivity level increases hence the changes in export markets are correlated with productivity growth. Moreover, we find that exporting to multiple markets raises the firm’s productivity growth by 42.3%, higher than exporting to only one export market at a time. These findings hold at the country and industry level and are robust to other factors that may correlate with increased productivity like age, size and ownership. At the policy level, policies on export promotion should provide information on how prospective exporters can enter into African export markets. Firms that have started exporting should be helped with credit access to expand their sales to other additional export markets.
Journal: Journal of African Business
Pages: 254-273
Issue: 2
Volume: 22
Year: 2021
Month: 04
X-DOI: 10.1080/15228916.2019.1695190
File-URL: http://hdl.handle.net/10.1080/15228916.2019.1695190
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:2:p:254-273




Template-Type: ReDIF-Article 1.0
Author-Name: Christelle Meniago
Author-X-Name-First: Christelle
Author-X-Name-Last: Meniago
Author-Name: Emmanuel K. K. Lartey
Author-X-Name-First: Emmanuel K. K.
Author-X-Name-Last: Lartey
Title: Does FDI Aﬀect Productivity and Growth in Sub-Saharan Africa?
Abstract: 
 This study investigates the direct and indirect effects of foreign direct investment (FDI) on economic growth and total factor productivity (TFP) using data for 25 countries in sub-Saharan Africa during the period 1980–2014. The main findings reveal that the direct effect of FDI on both economic growth and TFP is largely negative. Furthermore, the results suggest that the influence of financial development and human capital accumulation on the effect of FDI is negligible. The paper proposes policy considerations to facilitate the potential role of financial access and human capital in exerting a positive impact of FDI on growth.
Journal: Journal of African Business
Pages: 274-292
Issue: 2
Volume: 22
Year: 2021
Month: 04
X-DOI: 10.1080/15228916.2020.1745011
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1745011
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:2:p:274-292




Template-Type: ReDIF-Article 1.0
Author-Name: Godfred Matthew Yaw Owusu
Author-X-Name-First: Godfred Matthew Yaw
Author-X-Name-Last: Owusu
Author-Name: Rita Amoah Bekoe
Author-X-Name-First: Rita Amoah
Author-X-Name-Last: Bekoe
Author-Name: Annice Amoasa Addo-Yobo
Author-X-Name-First: Annice Amoasa
Author-X-Name-Last: Addo-Yobo
Author-Name: James Otieku
Author-X-Name-First: James
Author-X-Name-Last: Otieku
Title: Mobile Banking Adoption among the Ghanaian Youth
Abstract: 
 This paper examines the behavioral intentions of Ghanaian youth toward mobile banking as a service delivery channel. Relying on the Technology Acceptance Model (TAM) and Innovation Diffusion Theory (IDT), the study further investigates the factors that influence the intention of individuals to adopt mobile banking. A questionnaire-based survey was conducted on business students from a large public university in Ghana and a total of 517 valid responses from the respondents were used in the empirical analysis. The hypothesized relationships were analyzed using the Structural Equation Modeling technique. Results of this study demonstrate that perceived ease of use, perceived usefulness, relative advantage, and complexity are the key predictors of intentions to adopt mobile banking technology in Ghana. Moreover, the results demonstrate that complexity has a positive influence on perceived ease of use while relative advantage was also found to impact positively on perceived usefulness. Taken together, these results confirm the applicability of the TAM and IDT models in predicting technology adoption in different contexts.
Journal: Journal of African Business
Pages: 339-360
Issue: 3
Volume: 22
Year: 2021
Month: 07
X-DOI: 10.1080/15228916.2020.1753003
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1753003
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:3:p:339-360




Template-Type: ReDIF-Article 1.0
Author-Name: Christian Senga
Author-X-Name-First: Christian
Author-X-Name-Last: Senga
Author-Name: Danny S. Cassimon
Author-X-Name-First: Danny S.
Author-X-Name-Last: Cassimon
Author-Name: Thomas Kigabo
Author-X-Name-First: Thomas
Author-X-Name-Last: Kigabo
Title: Does Access to International Capital Markets Affect Investment Dynamics in Sub-Saharan Africa?
Abstract: 
 This study investigates the influence of government borrowing through international capital markets on investment dynamics in Sub-Saharan Africa (SSA). We apply the synthetic control method to Gabon, Ghana and Senegal to assess whether this kind of government borrowing affects public and private investment, and FDI in these countries using annual data for the period 1995–2017. Our results suggest that government borrowings through international capital markets have not affected public and private investment, but that the move may have boosted these countries’ capacity to attract FDI. These results lend support to the hypothesis that these countries’ exposure to international capital markets constitutes an opportunity to register on the investors’ radar.
Journal: Journal of African Business
Pages: 320-338
Issue: 3
Volume: 22
Year: 2021
Month: 07
X-DOI: 10.1080/15228916.2020.1752600
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1752600
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:3:p:320-338




Template-Type: ReDIF-Article 1.0
Author-Name: Abdussalaam Iyanda Ismail
Author-X-Name-First: Abdussalaam
Author-X-Name-Last: Iyanda Ismail
Author-Name: Alaeldin Awawdeh
Author-X-Name-First: Alaeldin
Author-X-Name-Last: Awawdeh
Author-Name: Ahmad Al-Hiyari
Author-X-Name-First: Ahmad
Author-X-Name-Last: Al-Hiyari
Author-Name: Kareem Isiaka Jimba
Author-X-Name-First: Kareem
Author-X-Name-Last: Isiaka Jimba
Title: Moderating Effects of Management Philosophy on High-Performance Work Practices–Firm Performance Relationship
Abstract: 
 Research evidence has signified that relationship between human resource practices and performance is contingent on the effect of a contingent variable. Nevertheless, survey of the extant literature signifies paucity of research on moderating effect of management philosophy. Thus, this study examined the moderating effect of management philosophy on the relationship between high-performance work practices (i.e. selective hiring, training & development, performance appraisal, pay-for-performance, and succession planning) and firm performance. The study employed cross-sectional research approach in which data were collected from a sample of 372 managers in Nigerian firms. Partial Least Squares Method (PLS) algorithm and bootstrapping techniques were used to test the study’s hypotheses. The overall findings confirm that selective hiring, training and development, performance appraisal and succession planning have significant positive influence on firm performance while pay-for performance has non-significant effect on firm performance. The findings also indicate that the positive effect of HR practices on organizational performance cannot be strengthened, if management philosophy of a firm is not consistent with the values, attitudes and beliefs of the employees. The findings have profound implications for both theory and practice. The findings support resource-based view (RBV) by implying that firm’s human capital can serve as a basis of competitive advantage, given that employees are of strategic importance to the success of organization. HPWPs can be used as tools in managing human capital effectively. Nonetheless, the vague process (i.e. black box) in the HPWPs-Performance nexus should be examined by the future studies.
Journal: Journal of African Business
Pages: 379-393
Issue: 3
Volume: 22
Year: 2021
Month: 07
X-DOI: 10.1080/15228916.2020.1785235
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1785235
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Template-Type: ReDIF-Article 1.0
Author-Name: Kouassi Yeboua
Author-X-Name-First: Kouassi
Author-X-Name-Last: Yeboua
Title: Foreign Direct Investment and Economic Growth in Africa: New Empirical Approach on the Role of Institutional Development
Abstract: 
 According to the predominant conclusion from the recent FDI-growth literature, the conflicting evidence concerning the effect of foreign direct investment on economic growth in host countries might be due to the fact that the gains from FDI are conditional on certain domestic factors. Among these factors is the quality of institutions. The aim of this study is therefore to investigate the role of institutional development in FDI-growth nexus in African countries. Using a panel smooth transition regression model with a sample made up of 27 African countries over the period 1990–2017, the results show that FDI promotes economic growth in countries where the level of institutional development is beyond a certain threshold. In countries that fall below the threshold, FDI has either a negative or null effect on economic growth. Specifically, we find that countries should be above the 65% threshold regarding government stability score, 55% for investment profile, 50% for democratic accountability, 45% for law and order, 35% for corruption, and above the 25% threshold for bureaucracy quality score to benefit from FDI in terms of economic growth.
Journal: Journal of African Business
Pages: 361-378
Issue: 3
Volume: 22
Year: 2021
Month: 07
X-DOI: 10.1080/15228916.2020.1770040
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1770040
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:3:p:361-378




Template-Type: ReDIF-Article 1.0
Author-Name: Ahmed Agyapong
Author-X-Name-First: Ahmed
Author-X-Name-Last: Agyapong
Author-Name: Moses Acquaah
Author-X-Name-First: Moses
Author-X-Name-Last: Acquaah
Title: Organizational Capabilities, Business Strategic Orientation, and Performance in Family and Non-family Businesses in a sub-Saharan African Economy
Abstract: 
 The study compares the impact of the interactions between organizational capabilities and business strategic orientation on performance for micro and small family businesses (FBs) and non-family businesses (NFBs). We use data from 207 FBs and 293 NFBs from Ghana to test our hypotheses. The findings indicate that the impact of the interaction between managerial capabilities and cost strategy on performance was more beneficial for FBs than NFBs. Moreover, the influence of the interaction between marketing capabilities and cost leadership strategy on performance was more detrimental to FBs than NFBs. Furthermore, the impact of the interaction between marketing capabilities and differentiation strategy on performance was greater for NFBs than FBs. The findings show that while FBs benefit more by leveraging managerial capabilities to pursue the cost leadership strategy, NFBs benefit more by leveraging marketing capabilities to implement the differentiation strategy. Implications are discussed.
Journal: Journal of African Business
Pages: 411-439
Issue: 3
Volume: 22
Year: 2021
Month: 07
X-DOI: 10.1080/15228916.2021.1907158
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1907158
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:3:p:411-439




Template-Type: ReDIF-Article 1.0
Author-Name: El Mehdi Ferrouhi
Author-X-Name-First: El Mehdi
Author-X-Name-Last: Ferrouhi
Title: Herding Behavior in the Moroccan Stock Exchange
Abstract: 
 This paper aims to examine the existence of herding behavior in the Moroccan Stock Exchange for the period 2007–2017. Thus, we analyze the existence of herding behavior in the overall market and in each one of the four portfolios created according to firms’ capitalizations. We also estimate the impact of liquidity, volatility and asymmetric market states on herding behavior. Results obtained show the existence of herding behavior in the overall market and in all size-based portfolios. Also, results show a positive impact of liquidity and volatility on investors’ herding behavior for the four portfolios and for the overall market.
Journal: Journal of African Business
Pages: 309-319
Issue: 3
Volume: 22
Year: 2021
Month: 07
X-DOI: 10.1080/15228916.2020.1752598
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1752598
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:3:p:309-319




Template-Type: ReDIF-Article 1.0
Author-Name: Simplice A. Asongu
Author-X-Name-First: Simplice A.
Author-X-Name-Last: Asongu
Author-Name: Nicholas M. Odhiambo
Author-X-Name-First: Nicholas M.
Author-X-Name-Last: Odhiambo
Title: Information Asymmetry and Insurance in Africa
Abstract: 
 In this study, we assess the relevance of decreasing information asymmetry on life and non-life insurance consumption, by using data from 48 African countries during the period 2004–2014. Reduced information asymmetry is proxied by information sharing offices, namely: public credit registries and private credit bureaus. The empirical evidence is based on the Generalized Method of Moments. The findings show that information sharing offices increase insurance consumption with a comparatively higher magnitude in life insurance penetration, relative to non-life insurance penetration. Practical and theoretical implications are discussed.
Journal: Journal of African Business
Pages: 394-410
Issue: 3
Volume: 22
Year: 2021
Month: 07
X-DOI: 10.1080/15228916.2020.1812980
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1812980
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:3:p:394-410




Template-Type: ReDIF-Article 1.0
Author-Name: Samuel Buertey
Author-X-Name-First: Samuel
Author-X-Name-Last: Buertey
Author-Name: Hyangmi Pae
Author-X-Name-First: Hyangmi
Author-X-Name-Last: Pae
Title: Corporate Governance and Forward-Looking Information Disclosure: Evidence from a Developing Country
Abstract: 
 The study examines the effect of corporate governance mechanisms on the disclosure of forward-looking information by firms listed on the Zimbabwe Stock Exchange (ZSE). The study covers the year 2013, a period of economic turmoil and a high level of market speculation. The governance mechanisms considered are board size, board independence, and institutional ownership. Multiple regression analysis is used in the study in estimating the relationship between corporate governance variables and forward-looking information disclosure. The empirical results show a statistically significant and positive relationship between the proportion of independent directors on a corporate board and firms’ disclosure of forward-looking information. The result suggests that the inclusion of more independent directors on corporate boards could improve information disclosure and enhance transparency. Board size and institutional ownership, however, do not have any significant relationship with forward-looking information disclosure. The study contributes to the literature on corporate governance and forward-looking information. Specifically, it contributes to the literature by demonstrating that forward-looking information disclosure in Zimbabwe is associated with board independence. The finding will serve as a reference for the many stakeholders who are advocating for the inclusion of more independent directors on corporate boards. Also, it is expected that the result would engender discussions on forward-looking information disclosure among market participants and regulators in a bid to enhance transparency in the market.
Journal: Journal of African Business
Pages: 293-308
Issue: 3
Volume: 22
Year: 2021
Month: 07
X-DOI: 10.1080/15228916.2020.1752597
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1752597
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:3:p:293-308




Template-Type: ReDIF-Article 1.0
Author-Name: Nnamdi O. Madichie
Author-X-Name-First: Nnamdi O.
Author-X-Name-Last: Madichie
Author-Name: Ayantunji Gbadamosi
Author-X-Name-First: Ayantunji
Author-X-Name-Last: Gbadamosi
Author-Name: Pantaleo Rwelamila
Author-X-Name-First: Pantaleo
Author-X-Name-Last: Rwelamila
Title: Entrepreneurship and the Informal Sector: Challenges and Opportunities for African Business Development
Journal: Journal of African Business
Pages: 441-447
Issue: 4
Volume: 22
Year: 2021
Month: 10
X-DOI: 10.1080/15228916.2021.1893055
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1893055
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:4:p:441-447




Template-Type: ReDIF-Article 1.0
Author-Name: Akinlo Taiwo
Author-X-Name-First: Akinlo
Author-X-Name-Last: Taiwo
Title: Financial Development, Real Sector and Economic Growth in Sub-Saharan Africa: The Threshold Effect
Abstract: 
 This study used a threshold regression model to examine the existence of real sector threshold effects in the relationship between financial development and economic development in 38 sub-Saharan African countries from the period 1986–2015. The study identified threshold values of 31.1860, 33.8982% and 1.2241% for industrial value-added, agricultural value-added and total factor productivity respectively in sub-Saharan Africa. The study found that only when the real sector is proxied by industrial value-added that financial development has a significant impact on economic growth. The conclusion drawn from this empirical study is that financial development will only have a positive and significant impact on economic development when the growth in the real sector accompanies the growth in the financial sector. This study, therefore, recommended that the government of sub-Saharan African countries should ensure that the real sector is not below the threshold value so that financial development can bring development to the economy.
Journal: Journal of African Business
Pages: 603-626
Issue: 4
Volume: 22
Year: 2021
Month: 10
X-DOI: 10.1080/15228916.2020.1773608
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1773608
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:4:p:603-626




Template-Type: ReDIF-Article 1.0
Author-Name: Ayodotun Stephen Ibidunni
Author-X-Name-First: Ayodotun Stephen
Author-X-Name-Last: Ibidunni
Author-Name: Oyedele Martins Ogundana
Author-X-Name-First: Oyedele Martins
Author-X-Name-Last: Ogundana
Author-Name: Arinze Okonkwo
Author-X-Name-First: Arinze
Author-X-Name-Last: Okonkwo
Title: Entrepreneurial Competencies and the Performance of Informal SMEs: The Contingent Role of Business Environment
Abstract: 
 This study examined entrepreneurial competencies as a viable pathway for improving the innovative performance of SMEs in Nigeria’s informal sector and the contingent roles of the business environment. A survey research design was used to gather data from 296 entrepreneurs who operate informal SMEs in Nigeria. Based on the findings from the SEM-PLS multivariate analysis, the study concluded that entrepreneurial competencies, especially organizing, conceptual, learning, strategic, opportunity, and risk-taking competencies, are essential for achieving higher innovation performance. The study also reveals that entrepreneurial competencies are useful toward mitigating environmental pressures resulting from operational turbulence and erratic policy changes, as the firm drives toward improving innovation outputs. As such, the entrepreneurship environment is becoming more endogenous as entrepreneurs, through their entrepreneurial competencies, have started to gain control over it. This study contributes to the entrepreneurship literature by highlighting the most essential competencies alongside the relevant contingencies. By doing that, this study offers a practical guide on priority competence area that entrepreneurship stakeholders, including entrepreneurs and policymakers, should consider for investment.
Journal: Journal of African Business
Pages: 468-490
Issue: 4
Volume: 22
Year: 2021
Month: 10
X-DOI: 10.1080/15228916.2021.1874784
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1874784
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:4:p:468-490




Template-Type: ReDIF-Article 1.0
Author-Name: Ikenna Uzuegbunam
Author-X-Name-First: Ikenna
Author-X-Name-Last: Uzuegbunam
Author-Name: Rachida Aïssaoui
Author-X-Name-First: Rachida
Author-X-Name-Last: Aïssaoui
Author-Name: Amy Taylor-Bianco
Author-X-Name-First: Amy
Author-X-Name-Last: Taylor-Bianco
Title: Against the Norm? Entrepreneurial Human Capital, Gender and Resource Mobilization in Sub-saharan Africa
Abstract: 
 This study examines how entrepreneurial human capital affects the resource mobilization process in new ventures, specifically the likelihood of using informal ties (i.e. family and friends) in their hiring process. Building on human capital arguments, we theorize that the higher the entrepreneur’s formal educational attainment, the greater the likelihood that they will go against the norm of hiring through informal ties. Given the centrality of gender in the relationship between entrepreneurship and family embeddedness, we evaluate the moderating role of gender on the relationship between formal education and the hiring process. Empirical findings from logistic regression analyses of 1,114 new ventures in Nigeria provide broad support for the theoretical framework. These findings contribute to our understanding of individual-level forces that influence the persistence of, or decreased reliance on, informal institutions in entrepreneurial activity in Sub-Saharan Africa.
Journal: Journal of African Business
Pages: 491-513
Issue: 4
Volume: 22
Year: 2021
Month: 10
X-DOI: 10.1080/15228916.2021.1874783
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1874783
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:4:p:491-513




Template-Type: ReDIF-Article 1.0
Author-Name: Salma Louati
Author-X-Name-First: Salma
Author-X-Name-Last: Louati
Author-Name: Younes Boujelbene
Author-X-Name-First: Younes
Author-X-Name-Last: Boujelbene
Title: Basel Regulations and Banks’ Risk-efficiency Nexus: Evidence from Dynamic Simultaneous-equation Models
Abstract: 
 This study is designed to investigate the causality links binding the risk and efficiency factors within both of the Islamic and conventional banks contexts, highlighting the effect of regulatory standards and protocols. Relying on previously elaborated theoretical priors guidelines, a particular set of five regulatory tools has been considered, namely, capital requirement, official supervisory power, bank activities associated restrictions, deposit insurance and market discipline as well as private monitoring. Empirical results provide evidence that the same regulations appear to differently affect both of the distinct banking models. Overall, empirical investigations show that deposit insurance and market discipline stand as the unique regulatory instructional frameworks likely to help in reducing the risk-taking behavior of both of the Islamic and conventional banking systems, while different results have been attained in regard of the for bank efficiency dimension.
Journal: Journal of African Business
Pages: 578-602
Issue: 4
Volume: 22
Year: 2021
Month: 10
X-DOI: 10.1080/15228916.2020.1770041
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1770041
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:4:p:578-602




Template-Type: ReDIF-Article 1.0
Author-Name: Kingstone Mutsonziwa
Author-X-Name-First: Kingstone
Author-X-Name-Last: Mutsonziwa
Author-Name: Ashenafi Beyene Fanta
Author-X-Name-First: Ashenafi Beyene
Author-X-Name-Last: Fanta
Title: Small Business Performance: Is It Access to Formal or Informal Credit that Matters?
Abstract: 
 While literature is clear on the role of finance in small business survival and growth, the relative importance of formal and informal credit in small business growth remains contentious. While earlier studies report the importance of formal credit in driving growth of firms of all sizes, recent studies find informal credit to drive the growth of only small businesses. The aim of this paper is therefore to contribute to the debate by bringing the context of four developing economies in the Southern African Developing Community (SADC) using the FinScope surveys on 10,830 Micro Small and Medium Enterprises (henceforth MSMEs). To address selection bias caused by various factors affecting small business participation in the formal/informal credit market, we used propensity score matching (PSM) where we paired small businesses from the two groups. We examined the effect of access to formal/informal credit on business performance using Average Treatment Effect (ATE) as well as Average Treatment effect on the Treated (ATT). Our results suggest that firms accessing formal credit tend to exhibit better performance in Zimbabwe but a similar performance gain was not observed in the rest of the countries. For informal credit, our results show that firms accessing informal credit tend to perform less than those without access, suggesting value depletion effect of informal credit.
Journal: Journal of African Business
Pages: 550-563
Issue: 4
Volume: 22
Year: 2021
Month: 10
X-DOI: 10.1080/15228916.2020.1826854
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1826854
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:4:p:550-563




Template-Type: ReDIF-Article 1.0
Author-Name: Paul Agu Igwe
Author-X-Name-First: Paul
Author-X-Name-Last: Agu Igwe
Author-Name: Chinedu Ochinanwata
Author-X-Name-First: Chinedu
Author-X-Name-Last: Ochinanwata
Title: How to start African Informal entrepreneurial revolution?
Abstract: 
 The achievement of business sustainability is dependent on the interacting components of the entrepreneurship ecosystem (EE) and institutions that support or challenge the business environment. Given the importance of the informal economy in developing economies, we need to rethink how to start an informal entrepreneurial revolution. This article examines the nexus of the informal entrepreneurial ecosystem, from the perspective of ecological resilience. Specifically, the article analyzes the significant differences between the formal sector, the informal sector, frugal innovations, and the supportive ecosystem resilience that produces unparalleled enthusiasm. Conceptually, this article developed propositions and a model of Productive and Unproductive EE explaining the business environment and the interacting predictors from the African regional context. Arguably, as entrepreneurial education and skills increases, there is more likelihood of the creation of formal ventures and growth-oriented micro, small and medium enterprises (MSMEs). These have implications for economic growth and – in the case of African economies – moving the informal to formal economy.
Journal: Journal of African Business
Pages: 514-531
Issue: 4
Volume: 22
Year: 2021
Month: 10
X-DOI: 10.1080/15228916.2021.1954447
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1954447
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:4:p:514-531




Template-Type: ReDIF-Article 1.0
Author-Name: Ignatius Ekanem
Author-X-Name-First: Ignatius
Author-X-Name-Last: Ekanem
Author-Name: Terence Jackson
Author-X-Name-First: Terence
Author-X-Name-Last: Jackson
Author-Name: Ayebaniminyo Munasuonyo
Author-X-Name-First: Ayebaniminyo
Author-X-Name-Last: Munasuonyo
Title: The Effect of Militancy on Local and Informal Enterprises in Developing Countries: Evidence from Niger Delta
Abstract: 
 Militancy is a continuing process in many developing regions where entrepreneurial activities in the informal economy have the potential to transform lives leading to sustainable development through local initiatives. Often militancy originates in protest against global encroachment and defending the livelihoods of local communities. Yet this leads to detrimental effects on such initiatives. The study focuses on small and medium-sized enterprises (SMEs) in the Niger Delta in Nigeria and looks at how the lessons learned may be used in other developing regions facing similar issues. Findings suggest how violent conflict resulting in an adverse impact on enterprise development can be mediated by collective actions.
Journal: Journal of African Business
Pages: 532-549
Issue: 4
Volume: 22
Year: 2021
Month: 10
X-DOI: 10.1080/15228916.2021.1900529
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1900529
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:4:p:532-549




Template-Type: ReDIF-Article 1.0
Author-Name: Ugochukwu Chinonso Okolie
Author-X-Name-First: Ugochukwu Chinonso
Author-X-Name-Last: Okolie
Author-Name: Christian Ehiobuche
Author-X-Name-First: Christian
Author-X-Name-Last: Ehiobuche
Author-Name: Paul Agu Igwe
Author-X-Name-First: Paul Agu
Author-X-Name-Last: Igwe
Author-Name: Michael Austin Agha-Okoro
Author-X-Name-First: Michael Austin
Author-X-Name-Last: Agha-Okoro
Author-Name: Chukwuemeka Christian Onwe
Author-X-Name-First: Chukwuemeka Christian
Author-X-Name-Last: Onwe
Title: Women Entrepreneurship and Poverty Alleviation: Understanding the Economic and Socio-cultural Context of the Igbo Women’s Basket Weaving Enterprise in Nigeria
Abstract: 
 This study explores the socio-cultural and economic context in which Igbo women’s basket weaving enterprise develops and operates in Nigeria and their beliefs about how entrepreneurial action can alleviate poverty. We conducted a qualitative study of 48 Igbo women entrepreneurs who run local basket weaving enterprise in 16 rural communities of 4 out of the 5 Igbo States (southeast region) of Nigeria, to explore the impact of informal entrepreneurial learning, socio-cultural and economic issues, individual values in business start-ups and development in the cities after post-primary education in an attempt to alleviate poverty in line with Sustainable Development Goal (SDG 1). Focusing on three dominant themes (including socio-cultural and economic issues of the Igbo women basket weaving entrepreneurs, etcetera) from the thematic analysis, we analyze the factors that contribute to understanding the socio-cultural context of the Igbo women’s basket weaving enterprise in Nigeria. Findings provide a framework of the Igbo women entrepreneurs’ poverty alleviation and show evidence of a perspective of entrepreneurship for poverty alleviation that is different from the mainstream entrepreneurship literature on poverty alleviation.
Journal: Journal of African Business
Pages: 448-467
Issue: 4
Volume: 22
Year: 2021
Month: 10
X-DOI: 10.1080/15228916.2021.1874781
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1874781
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Template-Type: ReDIF-Article 1.0
Author-Name: Chuma Diniso
Author-X-Name-First: Chuma
Author-X-Name-Last: Diniso
Author-Name: Helen Inseng Duh
Author-X-Name-First: Helen Inseng
Author-X-Name-Last: Duh
Title: Explaining Generation Y South Africans’ Love and Satisfaction with Samsung Phone Brand using Consumption Value Theory
Abstract: 
 With 86% of Generation Y South Africans found to have a Samsung phone, we examined 1) whether they love and are satisfied with the brand, 2) how much the consumption value theory (monetary, functional and symbolic values) explains brand love and satisfaction, 3) the relationship between brand satisfaction and love. We surveyed 651 respondents from two large universities. Results revealed that Generation Y South Africans moderately love and are adequately satisfied with the Samsung phone brand. Structural equation modeling results showed that the three consumption values and brand satisfaction positively influenced brand love. Brand satisfaction was driven by only monetary and functional values.
Journal: Journal of African Business
Pages: 564-577
Issue: 4
Volume: 22
Year: 2021
Month: 10
X-DOI: 10.1080/15228916.2020.1838832
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1838832
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Handle: RePEc:taf:wjabxx:v:22:y:2021:i:4:p:564-577




Template-Type: ReDIF-Article 1.0
Author-Name: Lexis Alexander Tetteh
Author-X-Name-First: Lexis Alexander
Author-X-Name-Last: Tetteh
Author-Name: Amoako Kwarteng
Author-X-Name-First: Amoako
Author-X-Name-Last: Kwarteng
Author-Name: Felix Kwame Aveh
Author-X-Name-First: Felix Kwame
Author-X-Name-Last: Aveh
Author-Name: Samuel Ato Dadzie
Author-X-Name-First: Samuel Ato
Author-X-Name-Last: Dadzie
Author-Name: Disraeli Asante-Darko
Author-X-Name-First: Disraeli
Author-X-Name-Last: Asante-Darko
Title: The Impact of Internal Control Systems on Corporate Performance among Listed Firms in Ghana: The Moderating Role of Information Technology
Abstract: 
 PurposeThe study empirically examines the impact of internal control systems on performance among listed firms in Ghana and the moderating role of information technology.Design/methodology/approachA survey was conducted among top corporate executives of listed companies from different industrial sectors. The questionnaire data was analyzed using the structural equation model.FindingsThe study shows that there is a significant relationship between internal control systems (control environment, control activity, information, and communication) and the company’s performance, measured by overall profitability. The results also indicate that information technology moderates the positive relationship between internal control and business performance. Nonetheless, the interaction effect was stronger for the control environment and control activities than the other internal control dimensions.OriginalityIn the context of developing countries and Ghana in particular where the implementation of information technology is still in infancy, few studies have explored the moderating role of information technology in the relationship between internal control systems and performance.
Journal: Journal of African Business
Pages: 104-125
Issue: 1
Volume: 23
Year: 2022
Month: 01
X-DOI: 10.1080/15228916.2020.1826851
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1826851
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:1:p:104-125




Template-Type: ReDIF-Article 1.0
Author-Name: Askar Choudhury
Author-X-Name-First: Askar
Author-X-Name-Last: Choudhury
Author-Name: James Jones
Author-X-Name-First: James
Author-X-Name-Last: Jones
Author-Name: Michael Opare-Addo
Author-X-Name-First: Michael
Author-X-Name-Last: Opare-Addo
Title: Perceived Risk and Willingness to Provide Loan to Smallholder Farmers in Ghana
Abstract: 
 In this article, we investigate whether lending institutions perceive smallholder (individual) farmers as riskier borrowers than farm cooperatives. Our research results show that individual farmers in Ghana are less likely to be successful in obtaining credit than cooperative farmers, because they are perceived to be riskier borrowers. In addition, results show that the willingness of lending institutions to provide loans is higher for those farmers who are associated with cooperative societies. This suggests that individual farmers can increase their odds of securing loans by joining a cooperative society. Empirical results also support the hypothesis that the interest rate is a significant predictor of the willingness to loan bias among lending institutions. In addition, our results indicate that higher interest rates are associated with increased loan risk. However, when interest rate is higher, longer loan maturity can dampen the effect of interest rate. In other words, an increase in loan maturity length reduces the effect of interest rate on the loan risk. These research results have important policy implications for the welfare of smallholder farmers in developing economies as lack of financing has a significant impact on smallholder farmer productivity.
Journal: Journal of African Business
Pages: 23-40
Issue: 1
Volume: 23
Year: 2022
Month: 01
X-DOI: 10.1080/15228916.2020.1773732
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1773732
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Template-Type: ReDIF-Article 1.0
Author-Name: Gorah K. Abdallah
Author-X-Name-First: Gorah K.
Author-X-Name-Last: Abdallah
Author-Name: Enno Masurel
Author-X-Name-First: Enno
Author-X-Name-Last: Masurel
Author-Name: Wim A. Naudé
Author-X-Name-First: Wim A.
Author-X-Name-Last: Naudé
Author-Name: Emiel L. Eijdenberg
Author-X-Name-First: Emiel L.
Author-X-Name-Last: Eijdenberg
Title: Unboxing Entrepreneurial Motivations in Tanzania: Business-related and Personal-related Factors
Abstract: 
 An increasing number of researches has explored entrepreneurial motivations in terms of either opportunity, necessity or a mix of these two, in emerging contexts such as informal economies of Least Developed Countries (LDCs). However, research has stopped short exploring entrepreneurial motivation beyond these three previously mentioned types. This study expands the distinction of opportunity, necessity and mixed motivations in LDCs by exploring additional underlying dimensions. Based on a literature review and a qualitative pre-study with experts on the spot, 170 informal entrepreneurs in Tanzania were surveyed with a questionnaire covering 30 items measuring entrepreneurial motivations. The analyses unbox entrepreneurial motivation in two new distinctive types: those motivations related to the business and those related to the person. On a general level, this study follows up on the increasing call for contextualization of entrepreneurship research. On a more granular level, this study contributes to the existing literature of entrepreneurial motivation, especially in LDCs, by providing detailed insights of two motivation types of informal entrepreneurs in their consideration of shifting to the formal sector. Moreover, detailed pertinent information of the informal entrepreneurs is described, providing a closer look at an LDC’s informal economy.
Journal: Journal of African Business
Pages: 60-78
Issue: 1
Volume: 23
Year: 2022
Month: 01
X-DOI: 10.1080/15228916.2020.1785236
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1785236
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:1:p:60-78




Template-Type: ReDIF-Article 1.0
Author-Name: George Kofi Amoako
Author-X-Name-First: George Kofi
Author-X-Name-Last: Amoako
Title: Customer Satisfaction: Role of Customer Service, Innovation, and Price in the Laundry Industry in Ghana
Abstract: 
 The purpose of this paper is to test and examine the interrelationships amongst customer satisfaction, customer service, innovation, and competitive pricing in the laundry industry in Ghana using the covariance approach of Structural Equation Modeling. Quantitative research design was adopted for this study. The data set used to meet this paper’s main objectives was collected using face to face meeting of laundry customers and requesting them to fill out a 1–5 point Likert scale questionnaire. The results demonstrate the mediating effects and moderating effects that customer service, competitive pricing, and innovation has on customer satisfaction in the laundry service industry in Ghana.
Journal: Journal of African Business
Pages: 146-164
Issue: 1
Volume: 23
Year: 2022
Month: 01
X-DOI: 10.1080/15228916.2020.1826855
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1826855
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:1:p:146-164




Template-Type: ReDIF-Article 1.0
Author-Name: Yitbarek Takele Bayiley
Author-X-Name-First: Yitbarek Takele
Author-X-Name-Last: Bayiley
Author-Name: Robel Hailegiyorgis Behaylu
Author-X-Name-First: Robel
Author-X-Name-Last: Hailegiyorgis Behaylu
Title: Linking Strategic Management and Corporate Entrepreneurship for Firm Value Creation: A Developing Country Perspective
Abstract: 
 The ever-increasing global business environment dynamism, change, and heterogeneity require a flexible, proactive, innovative, and aggressive managerial approach. The quest for such approaches settle strategic management and corporate entrepreneurship as a new firm‐level phenomenon that deserves scholarly attention. The subtle interaction of strategic management & corporate entrepreneurship has the potential of boosting firms’ capability to recognize, discover, and create entrepreneurial opportunities and develop them toward sustainable competitive advantages. The study followed an interpretive research philosophy, both exploratory and explanatory designs, quantitative approach, and survey method. The perceptions of corporate and strategic business unit level managers of 104 Ethiopian food processing firms established the study setting. We employed both exploratory and confirmatory factor analyses to identify a set of latent constructs underlying battery of measured variables and test if data fit the hypothesized measurement model, respectively. Results signpost locus of planning and strategic control influencing corporate entrepreneurship while environmental scanning did not. Moreover, planning flexibility, planning horizon, and financial control influenced only certain aspects of corporate entrepreneurship. We conclude a weak relationship between strategic management practice and intra-organizational entrepreneurship in conservative firms with little or no radical departure from historical and predominant structural patterns, characterized by superfluous, unplanned, and routine decisions.
Journal: Journal of African Business
Pages: 79-103
Issue: 1
Volume: 23
Year: 2022
Month: 01
X-DOI: 10.1080/15228916.2020.1812979
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1812979
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:1:p:79-103




Template-Type: ReDIF-Article 1.0
Author-Name: Abdoulaye Seck
Author-X-Name-First: Abdoulaye
Author-X-Name-Last: Seck
Author-Name: Abdelkrim Araar
Author-X-Name-First: Abdelkrim
Author-X-Name-Last: Araar
Author-Name: Karamoko Camara
Author-X-Name-First: Karamoko
Author-X-Name-Last: Camara
Author-Name: Fatoumata L. Diallo
Author-X-Name-First: Fatoumata L.
Author-X-Name-Last: Diallo
Author-Name: Ndeye Kh. Diop
Author-X-Name-First: Ndeye Kh.
Author-X-Name-Last: Diop
Author-Name: Founty A. Fall
Author-X-Name-First: Founty A.
Author-X-Name-Last: Fall
Title: Female Entrepreneurship, Access to Credit, and Firms’ Productivity in Senegal
Abstract: 
 Despite an increase in the share of female-owned existing and new start-up firms in Senegal, there is still wide belief that female entrepreneurs are discriminated against in the credit market. This paper empirically investigates such gender-based discrimination, and the extent to which it might be translated into lower performance. Using firm-level data and a methodological approach that consists of the data envelopment analysis, an endogenous switching regression and a propensity score matching, the paper suggests that there is no such thing as gender-based discrimination, and to the extent that they benefit from credit, female reap equal returns from the funds, efficiency-wise. These results do not however call for the abandonment of gender-biased public policies aiming at promoting access to credit and entrepreneurship, but suggest they be grounded on more robust footings such as managers’ education, firms’ ownership, sectorial activities, and geographical locations.
Journal: Journal of African Business
Pages: 199-224
Issue: 1
Volume: 23
Year: 2022
Month: 01
X-DOI: 10.1080/15228916.2020.1826859
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1826859
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:1:p:199-224




Template-Type: ReDIF-Article 1.0
Author-Name: Busani Moyo
Author-X-Name-First: Busani
Author-X-Name-Last: Moyo
Author-Name: Athenia Bongani Sibindi
Author-X-Name-First: Athenia Bongani
Author-X-Name-Last: Sibindi
Title: Does Bank Competition Affect Credit Access in Sub-Saharan Africa? Evidence from World Bank Informal Firms Surveys
Abstract: 
 This paper investigates the impact of bank competition on access to credit by informal firms in 14 Sub Saharan African countries using World Bank enterprise survey data. Access to credit is one of the main factors identified as hindering the growth of these opaque borrowers with poor financial transparency. This study uses a binary choice probit model to estimate the probability or likelihood of accessing finance conditional on the level of bank competition and other firm-level characteristics. Results show that the impact of competition measured using the recent and empirically robust Boone indicator is negative and significant in line with the market power hypothesis. These results suggest that improving the competitiveness of the banking sector by encouraging entrance of more players and curbing anti-competitive conducts should be promoted without compromising the soundness of the sector. Reducing or minimizing information asymmetry using public credit registries is good for enhancing financial access and governments should invest resources on maintaining, updating and increasing the coverage of these registries.
Journal: Journal of African Business
Pages: 180-198
Issue: 1
Volume: 23
Year: 2022
Month: 01
X-DOI: 10.1080/15228916.2020.1826857
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1826857
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:1:p:180-198




Template-Type: ReDIF-Article 1.0
Author-Name: Hélène Delerue
Author-X-Name-First: Hélène
Author-X-Name-Last: Delerue
Author-Name: Alidou Ouedraogo
Author-X-Name-First: Alidou
Author-X-Name-Last: Ouedraogo
Title: Inter-organizational Contracts in Sub-Saharan Africa an Exploration of Managers’ Perceptions
Abstract: 
 It is widely recognized that contracts play a limited role in the African context because obligations often arise from the nature of personal relationships and are governed by informal institutions. However, the internationalization of African companies and the harmonization of judicial reforms are changing the institutional environment of African countries, making it difficult to know how African managers perceive the importance of formal contracts. This study explores how African managers perceive contracts in inter-organizational relationships. A purposive sample of 15 managers participated in the study. Q-methodology was used to answer the research question. This methodology provides a systematic and feasible way to identify managers’ views. The findings show that African managers perceive contracts in one of four ways: paradox-based contract, trust-based contract, enforcement-based contract, or information-based contracts. This reveals a wide-ranging, heterogeneous view of the role that contracts play in the African context.
Journal: Journal of African Business
Pages: 246-263
Issue: 1
Volume: 23
Year: 2022
Month: 01
X-DOI: 10.1080/15228916.2020.1826883
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1826883
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:1:p:246-263




Template-Type: ReDIF-Article 1.0
Author-Name: Nnanna P. Azu
Author-X-Name-First: Nnanna P.
Author-X-Name-Last: Azu
Title: Assessing the Costs of Alliance Withdrawal on Trade Determination: A Lesson from Mauritania
Abstract: 
 This paper assesses the consequences of Mauritania’s exit from the West African regional trade agreement with respect to the region and in comparison, to the general effects on the performance of trade determinants. The selected trade determinants include alliances and regional trade agreements (RTA)-which are bilateral factors envisaged to foster international trade. Using a gravity model, the paper adopts PPML vis-à-vis difference-in-impact technique to evaluate the changes in performance of trade determinants from pre-exit to post-exit periods. The magnitude of impact of RTA on trade determination is reduced upon the exit of Mauritania, prompting overall negative difference-in-impact. But similar result is not statistically significant with specific consideration of Mauritania and West African region even though the coefficients reduced in post-exit. The impact of non-reciprocal general system of preference (GSP) significantly reduced as Mauritania exited ECOWAS. It is established that not all alliances influence trade positively. Overall, military alliance produces negative difference-in-impact; imbued with mixed reactions from other variables. It is therefore affirming that the exit of an alliance and regional trade agreement would require assessing their performance relative to trade determination. Alternative negotiation for trade preference is suggested if exit is unavoidable; thereby providing meaningful and useful lesson for implementation of alliance or RTA entrance and exit.
Journal: Journal of African Business
Pages: 41-59
Issue: 1
Volume: 23
Year: 2022
Month: 01
X-DOI: 10.1080/15228916.2020.1776908
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1776908
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:1:p:41-59




Template-Type: ReDIF-Article 1.0
Author-Name: Samuel Sekyi
Author-X-Name-First: Samuel
Author-X-Name-Last: Sekyi
Author-Name: Dina Asiedu
Author-X-Name-First: Dina
Author-X-Name-Last: Asiedu
Author-Name: Nana Yaw Oppong
Author-X-Name-First: Nana Yaw
Author-X-Name-Last: Oppong
Title: Retention of Health Professionals in the Upper West Region of Ghana: Application of Partial Least Square Structural Equation Modelling
Abstract: 
 This study aims at assessing the factors influencing the retention of health professional in the Upper West Region of Ghana. A self-administered questionnaire was used to collect data from 126 health professionals. Partial Least Square Structural Equation Modeling was used to estimate the relative effects of retention-influencing factors on retention decisions of health professionals. The study found that welfare benefits and working environment were determinants of health professionals’ retention. The study recommends the provision of a good and safe working environment, improve living conditions and welfare benefits to make health professionals posts professionally attractive to increase retention of health workers.
Journal: Journal of African Business
Pages: 1-22
Issue: 1
Volume: 23
Year: 2022
Month: 01
X-DOI: 10.1080/15228916.2020.1773609
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1773609
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:1:p:1-22




Template-Type: ReDIF-Article 1.0
Author-Name: Asafo Adjei Anning
Author-X-Name-First: Asafo Adjei
Author-X-Name-Last: Anning
Author-Name: Michael Adusei
Author-X-Name-First: Michael
Author-X-Name-Last: Adusei
Title: An Analysis of Financial Statement Manipulation among Listed Manufacturing and Trading Firms in Ghana
Abstract: 
 We analyze the likelihood of financial statement manipulation among 19 listed manufacturing and trading firms on the Ghana Stock Exchange for the period 2008 to 2017. We use the Beneish model to group the firms into those likely to engage in financial statement manipulation and those not likely to be involved in financial statement manipulation. Generally, the results show that majority of the firms are likely to be involved in financial statement manipulation. Also, we find that profitability, liquidity, financial leverage, change of audit firm, and the overall economic condition (Z-score) are firm-level factors that predict the likelihood of financial statement manipulation among listed manufacturing and trading firms in Ghana. Given the high number of manufacturing and trading firms likely to engage in financial statement manipulation, there is the need for the managers of the Ghana Stock Exchange to subject future financial reports of these firms to rigorous scrutiny to safeguard the interest of their stakeholders.
Journal: Journal of African Business
Pages: 165-179
Issue: 1
Volume: 23
Year: 2022
Month: 01
X-DOI: 10.1080/15228916.2020.1826856
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1826856
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:1:p:165-179




Template-Type: ReDIF-Article 1.0
Author-Name: Asabea Shirley Ahwireng-Obeng
Author-X-Name-First: Asabea Shirley
Author-X-Name-Last: Ahwireng-Obeng
Author-Name: Frederick Ahwireng-Obeng
Author-X-Name-First: Frederick
Author-X-Name-Last: Ahwireng-Obeng
Title: Corporate Bond Issuance Behaviour in African Emerging Markets
Abstract: 
 This study informs the largely neglected literature on the probability of corporate bond issuance in African emerging markets by determining which firm-level variables – size, risk, profitability, tangibility of assets, leverage, growth opportunities, and age – influence private-sector firms’ decision to issue bonds in the primary market. Using data for 49 non-financial firms – 32 bond issuers and 17 non-issuers – between January 2009 and December 2014, the pooled fractional probit regression technique is adopted with the Bernoulli quasi-maximum likelihood estimator (BQMLE) to identify risk, leverage, size, and age as the most important. The study further contributes to the literature by its finding that differences exist between corporate bond issuing and non-issuing firms in Africa. It recommends the need to foster the debt credit culture for the development of local debt markets on the continent.
Journal: Journal of African Business
Pages: 126-145
Issue: 1
Volume: 23
Year: 2022
Month: 01
X-DOI: 10.1080/15228916.2020.1826853
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1826853
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Template-Type: ReDIF-Article 1.0
Author-Name: Sudin Bag
Author-X-Name-First: Sudin
Author-X-Name-Last: Bag
Author-Name: Amina Omrane
Author-X-Name-First: Amina
Author-X-Name-Last: Omrane
Title: Corporate Social Responsibility and Its Overall Effects on Financial Performance: Empirical Evidence from Indian Companies
Abstract: 
 Until recently, there was a proliferation of researches conducted all over the world in order to establish an empirical association between CSR activities and financial performance of companies. For instance, in India, section 135 of the Companies Act (2013) prescribes mandatory provisions Indian Companies as follows: two percent of their average net profits made during the three immediately preceding financial years are spent in pursuance of their corporate social responsibility (CSR) policy. Driven by the need for some rigorous and robust empirical evidence, the current study aims at testing the statistical relationship between CSR and corporate financial performance (CFP) of the top 100 companies listed by the National Stock Exchange (NSE) of India. After collecting the required financial data from the respective annual reports of these companies, a factor analysis, as well as a multivariate regression analysis, were carried out and reveal conclusive findings regarding the CSR-CFP relationship. Indeed, even if CSR activities have a significant impact on financial performance, there is a moderate positive association between the concerned variables in that context. Based on the results attained, it would be recommended that Indian corporate firms secure better financial performance by committing themselves in CSR activities.
Journal: Journal of African Business
Pages: 264-280
Issue: 1
Volume: 23
Year: 2022
Month: 01
X-DOI: 10.1080/15228916.2020.1826884
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1826884
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:1:p:264-280




Template-Type: ReDIF-Article 1.0
Author-Name: Beatrice D. Simo-Kengne
Author-X-Name-First: Beatrice D.
Author-X-Name-Last: Simo-Kengne
Author-Name: Jacoba Viljoen
Author-X-Name-First: Jacoba
Author-X-Name-Last: Viljoen
Author-Name: Promise M. Nduku
Author-X-Name-First: Promise M.
Author-X-Name-Last: Nduku
Title: Exchange Rate Pass-through to Producer Prices in South Africa: Evidence from Panel Contemporaneous Correlated Approach
Abstract: 
 This paper investigates the exchange rate pass-through to producer prices in South African industries from 1970 to 2016. Empirical results from panel contemporaneous techniques indicate that exchange rate pass-through to South African producer prices is contingent on the currency choice with substantial variations across industries. Particularly, Rand variations with the currency of Germany, Japan, and the US pose greater influence on the producer prices of South African industries whilst the Chinese and Indian currency variations have the least bearing. The mining and quarrying; the manufacturing and the construction industries are among the sectors that are most exposed to the exchange rate fluctuations. The less pass-through effect occurs in three sectors, namely trade, catering and accommodation services; electricity, gas and water; and transport, storage and communication. This possibly indicates their limited exposure to external shocks.
Journal: Journal of African Business
Pages: 225-245
Issue: 1
Volume: 23
Year: 2022
Month: 01
X-DOI: 10.1080/15228916.2020.1826860
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1826860
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:1:p:225-245





Template-Type: ReDIF-Article 1.0
Author-Name: George Nel
Author-X-Name-First: George
Author-X-Name-Last: Nel
Author-Name: Henriette Scholtz
Author-X-Name-First: Henriette
Author-X-Name-Last: Scholtz
Author-Name: Waldette Engelbrecht
Author-X-Name-First: Waldette
Author-X-Name-Last: Engelbrecht
Title: Relationship between online corporate governance and transparency disclosures and board composition: evidence from JSE listed companies
Abstract: 
 In the aftermath of corporate collapses and scandals, transparent communication with stakeholders is vital in rebuilding trust. Notwithstanding sound theoretical arguments advocating the importance of board diversity, e.g. improved corporate governance, empirical results remained mixed. The purpose of this study was to explore the impact of board composition on companies’ use of their websites as voluntary communication channel for corporate governance and transparency disclosures. A quantitative methodology was used to measure corporate governance and transparency disclosures available on corporate websites for a sample of JSE-listed companies. By means of multiple regression analysis, findings showed that companies with more board members, a higher percentage of female directors and directors over the age of 50 years excel in the disclosure of corporate governance and transparency-related information. Pertaining to strategic information, companies with more independent non-executive directors disclosed more strategic information and companies with more ethnic directors scored higher on attempts to level the accessibility of information to all stakeholders. Overall, the findings, therefore, suggest that as board diversity may improve both corporate governance and transparency; stakeholders may also benefit from well-diversified boards. Finally, support is provided for the Employment equity and Broad-based employment equity Acts, as well as the Women Empowerment and Gender Equality Bill implemented in South Africa to encourage more gender and ethnic diversity.
Journal: Journal of African Business
Pages: 304-325
Issue: 2
Volume: 23
Year: 2022
Month: 04
X-DOI: 10.1080/15228916.2020.1838831
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1838831
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:2:p:304-325



Template-Type: ReDIF-Article 1.0
Author-Name: Anokye M. Adam
Author-X-Name-First: Anokye M.
Author-X-Name-Last: Adam
Author-Name: Kwabena Kyei
Author-X-Name-First: Kwabena
Author-X-Name-Last: Kyei
Author-Name: Simiso Moyo
Author-X-Name-First: Simiso
Author-X-Name-Last: Moyo
Author-Name: Ryan Gill
Author-X-Name-First: Ryan
Author-X-Name-Last: Gill
Author-Name: Emmanuel N. Gyamfi
Author-X-Name-First: Emmanuel N.
Author-X-Name-Last: Gyamfi
Title: Similarities in Southern African Development Community (SADC) Exchange Rate Markets Structure: Evidence from the Ensemble Empirical Mode Decomposition
Abstract: 
 The need for exchange markets coordination in Africa is rooted in the quest of most economic blocs to form a monetary union characterized by a single currency and has therefore attracted the attention of researchers. The intrinsic complexity of the exchange rate market hinders researchers from producing consistently good results. The empirical mode decomposition (EMD) is a data-driven signal analysis method for nonlinear and nonstationary data. Empirical mode decomposition method can be used to divide nonlinear signal sequences into a group of well-behaved intrinsic mode functions (IMFs) and a residue, so that we can compare the similarities. In this paper, EMD and ensemble empirical mode decomposition (EEMD), a modified version of EMD, are applied to the exchange rate market of the Southern African Development Community (SADC). Through analyzing the intrinsic mode functions (IMFs) of EMD and EEMD, we find the EEMD method to perform better on the orthogonality of IMFs than EMD. We propose a new way of analyzing short and long-run comovement through the analysis of the characteristics of IMFs and residue. The analysis of the IMFs and residue obtained from EEMD showed that exchange rate markets in SADC are driven by economic fundamentals and 12 out of 15 countries examined showed some level of similarity in the long-term trend. Our findings have implications for the direction of future SADC monetary union.
Journal: Journal of African Business
Pages: 516-530
Issue: 2
Volume: 23
Year: 2022
Month: 04
X-DOI: 10.1080/15228916.2021.1874795
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1874795
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:2:p:516-530



Template-Type: ReDIF-Article 1.0
Author-Name: Stephen Esaku
Author-X-Name-First: Stephen
Author-X-Name-Last: Esaku
Title: Exports, Investment and Productivity Growth in Small Firms: A Firm-level Analysis from Tanzania and Ghana
Abstract: 
 This paper examines the effect of firm-level investment in capital on export entry and productivity growth among different firm size classes using matching and difference-in-differences techniques. We find that firm-level investment in capital reduces the burden of sunk costs of export market entry, thereby inducing small firms to enter export markets with ease and increase their productivity as a result of export market participation. New entrants who survive their first year of exporting also grow their investment levels to consolidate market share. We show that micro and small firms that initiate exporting are more likely to implement firm-level investment as well, one way of technology upgrading, to remain competitive in export markets. Moreover, firm-level investment helps small exporters to generate higher productivity once they engage in export markets. This may suggest that the observed market selection and growth of small firms could be the outcome of distinctive productivity improvements in these firms. We note that investing in capital, especially plant and equipment, may help micro and small firms improve their productive capacity to produce more output at lower unit costs as a result of low-marginal costs of production. Export-led growth policies should be directed at supporting micro and small firms access the much needed financing to upgrade their production processes and improve their productivity.
Journal: Journal of African Business
Pages: 400-421
Issue: 2
Volume: 23
Year: 2022
Month: 04
X-DOI: 10.1080/15228916.2020.1838836
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1838836
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:2:p:400-421



Template-Type: ReDIF-Article 1.0
Author-Name: Sally Kah
Author-X-Name-First: Sally
Author-X-Name-Last: Kah
Author-Name: Seamus O’Brien
Author-X-Name-First: Seamus
Author-X-Name-Last: O’Brien
Author-Name: Seng Kok
Author-X-Name-First: Seng
Author-X-Name-Last: Kok
Author-Name: Emer Gallagher
Author-X-Name-First: Emer
Author-X-Name-Last: Gallagher
Title: Entrepreneurial Motivations, Opportunities, and Challenges: An International Perspective
Abstract: 
 The current entrepreneurship research has primarily focused on external environmental factors that influence enterprise development in developed economies, whilst studies from developing economies are lagging. Yet, evidence from the World Bank and Global Entrepreneurship Index suggest that entrepreneurship practice in developing economies has peaked. Using semi-structured interview data from 20 entrepreneurs in The Gambia, we examined their motivations for entrepreneurship, the market opportunities and challenges hindering enterprise growth. We found the factors influencing motivation to be individual (necessity, poverty, job creation, personal knowledge, and experience) and contextual (opportunity recognition, ethnic and religious norms). Interestingly, three forms of opportunities were identified: entrepreneurial networks, competitive market, and discovery. Nonetheless, the entrepreneurs faced individual challenges – insufficient finance and unskilled staff – and contextual limitations such as political change, limited government reforms, high taxes, high business cost, and market uncertainty. We offer critical insights into individual and contextual motivations for entrepreneurship, extending the current discourse. In addition, we expose specific dynamic market influences for enterprise development in a developing economy.
Journal: Journal of African Business
Pages: 380-399
Issue: 2
Volume: 23
Year: 2022
Month: 04
X-DOI: 10.1080/15228916.2020.1838835
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1838835
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:2:p:380-399



Template-Type: ReDIF-Article 1.0
Author-Name: Steven Buigut
Author-X-Name-First: Steven
Author-X-Name-Last: Buigut
Author-Name: Brain Masinde
Author-X-Name-First: Brain
Author-X-Name-Last: Masinde
Title: The Impact of General Elections on Kenya’s Tourism, Financial and Media Sector Stock Returns: An Event Study Approach
Abstract: 
 This paper examines the impact of Kenyan elections and election-related events on tourism, financial and media sector stock returns using an event study approach. Daily prices of selected equities are obtained from the Thompson Reuters EIKON and parametric and non-parametric tests carried out. The results indicate that conflict negatively affects tourism sector more than the financial and media sectors, while peaceful elections have a positive effect on tourism and to a smaller extend, the financial sector. Peace initiatives induce a positive effect on tourism. A robust and independent IEBC capable of delivering a credible election is therefore crucial.
Journal: Journal of African Business
Pages: 497-515
Issue: 2
Volume: 23
Year: 2022
Month: 04
X-DOI: 10.1080/15228916.2021.1874793
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1874793
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:2:p:497-515



Template-Type: ReDIF-Article 1.0
Author-Name: Karima Dhaouadi
Author-X-Name-First: Karima
Author-X-Name-Last: Dhaouadi
Author-Name: Faten Sliti
Author-X-Name-First: Faten
Author-X-Name-Last: Sliti
Title: Organizational Justice and Affective Commitment in the Post-Revolution Tunisian Context: The Role of Employment Type
Abstract: 
 The aim of the study is to investigate the effect of organizational justice (OJ) on affective commitment (AC) taking into account the employment type (ET). Data were collected from 864 employees working in the Tunisian telecom sector. Structural Equations Modeling and Multi-Group Analysis were used to test the hypotheses. The results highlight the ineffectiveness of the traditional distributional justice facet and the prevalence of the socio-emotional component (interactional justice). Most importantly, the results confirm that ET has a moderating effect. Procedural justice and vertical interactional justice have a greater effect on temporary employees’ commitment. Whereas, horizontal interactional justice may be an important lever of the commitment of permanent employees. This study offers a better understanding of the OJ contribution to AC. It offers a reading grid for managers of telecom sector to better lead and identify key elements that may boost the commitment of different types of employees (permanent vs temporary). Moreover, this model is applied in an emerging country setting in order to bridge the research gap. The distinction between the vertical and the horizontal interactional justice can be considered as a novelty in this field of research.
Journal: Journal of African Business
Pages: 454-479
Issue: 2
Volume: 23
Year: 2022
Month: 04
X-DOI: 10.1080/15228916.2020.1842707
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1842707
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:2:p:454-479



Template-Type: ReDIF-Article 1.0
Author-Name: Witness Nyasha Bandura
Author-X-Name-First: Witness Nyasha
Author-X-Name-Last: Bandura
Title: Inflation and Finance-Growth Nexus in Sub-Saharan Africa
Abstract: 
 The study aims at determining the effect of inflation on finance-growth nexus on 23 Sub-Saharan Africa countries with 5-year averaged data set over the period 1982–2016. A non-dynamic threshold approach is utilized. Strong evidence of inflation threshold of 31% beyond which the impact of financial development on economic growth turns negative from positive is obtained. There is also inflation threshold of 13% obtained when financial development is represented by private credit by deposit money banks and other financial institutions (% of GDP) but with an even higher positive impact of financial development on economic growth beyond the identified inflation threshold. This supports the view that financial development can only become inversely related to growth at much higher-inflation level of above 31%, below which there is robust positive finance-growth nexus. It is, therefore, recommended to always keep inflation levels at lower levels, preferably below 31%, which would ensure sustainable development through financial development.
Journal: Journal of African Business
Pages: 422-434
Issue: 2
Volume: 23
Year: 2022
Month: 04
X-DOI: 10.1080/15228916.2020.1838837
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1838837
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:2:p:422-434



Template-Type: ReDIF-Article 1.0
Author-Name: Mohammed Amidu
Author-X-Name-First: Mohammed
Author-X-Name-Last: Amidu
Title: Bank Competition in Africa: Do Institutional Quality and Cross-border Banking Matter?
Abstract: 
 This paper analyses the implications of cross-border banking (CBB) and institutional quality (IQ) for bank competition in Africa. It applies a two-step estimation procedure using bank-level panel data for 29 African countries. In step one, the Boone indicator and the Lerner index are used to gauge bank competition in a given country in Africa. In the second step, it analyzes the sources of bank competition placing emphasis on the impact of CBB and IQ. The results suggest that competition increased in the period of 2002–2005, before decreasing somewhat between 2006 and 2007 and increasing again thereafter. The results also show that cross-border banking enhances bank competition in African countries with stronger governance structures and institutional quality. These results are robust to an array of controls including an alternative methodology, variable specifications, and the regulatory environments that banks operate in.
Journal: Journal of African Business
Pages: 326-360
Issue: 2
Volume: 23
Year: 2022
Month: 04
X-DOI: 10.1080/15228916.2020.1838833
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1838833
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:2:p:326-360



Template-Type: ReDIF-Article 1.0
Author-Name: Salome Anyebe Onyeje
Author-X-Name-First: Salome Anyebe
Author-X-Name-Last: Onyeje
Author-Name: Timinepere Ogele Court
Author-X-Name-First: Timinepere Ogele
Author-X-Name-Last: Court
Author-Name: Emmanuel Kalu Agbaeze
Author-X-Name-First: Emmanuel Kalu
Author-X-Name-Last: Agbaeze
Title: National Enterprise Policy Dimensions and Sustainability of Micro, Small and Medium Enterprises (MSMEs)
Abstract: 
 This paper investigates the effectiveness of national enterprise policy on the sustainability of micro, small and medium enterprises in Nigeria. Previous studies focus on economic policies and managerial factors that stimulate the growth of small and Medium  Enterprises. There is a departure in this study by evaluating the effectiveness of the current national enterprise policy on micro, small and medium enterprises (MSMEs) for sustainability of MSMEs in Nigeria. A cross sectional survey design was employed while the method of data collection was structured questionnaire. The data were collected from a sample of 506 respondents and were analyzed using descriptive and inferential statistics. The study finds that dimensions of national enterprise policy had significant effect on the sustainability of MSMEs. We conclude that the policy dimensions of legal-regulatory, human resources development, finance, infrastructure, marketing, technology, research and development contributed to the sustainability of MSMEs in Nigeria. We recommend that Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) should reinforce sustainability of MSMEs through capacity building programs for the workforce and owners in Nigeria. We further recommend that the Federal and State Ministries of Works should provide MSME-based infrastructure to reduce the cost of operations and thereby increase profitability levels to sustain MSMEs.
Journal: Journal of African Business
Pages: 435-453
Issue: 2
Volume: 23
Year: 2022
Month: 04
X-DOI: 10.1080/15228916.2020.1838838
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1838838
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:2:p:435-453



Template-Type: ReDIF-Article 1.0
Author-Name: Dawit Tsegaye Sisay
Author-X-Name-First: Dawit Tsegaye
Author-X-Name-Last: Sisay
Author-Name: Frans J. H. M. Verhees
Author-X-Name-First: Frans J. H. M.
Author-X-Name-Last: Verhees
Author-Name: Hans C. M. van Trijp
Author-X-Name-First: Hans C. M. van
Author-X-Name-Last: Trijp
Title: Developing Measures of Market Orientation: The Case of Ethiopian Seed Producer Cooperatives
Abstract: 
 The purpose of this study is to develop and illustrate a generally applicable approach on how scales for marketing constructs can adequately be developed for application in diverse cultural contexts, and to illustrate the approach in the development of market orientation measurement for seed producer cooperatives (SPCs) context in Ethiopia. Both cross-context comparable items and context-specific items are included. Results show that an instrument for measuring market orientation in the specific context combines both general and context-specific items. Market orientation in the context is a multidimensional construct consisting of four dimensions: customer, competitor and supplier orientation, and interfunctional coordination. SPCs and organizations that aim to support SPCs can use the market orientation measure to monitor the progress of SPCs toward successful commercial enterprises.
Journal: Journal of African Business
Pages: 531-548
Issue: 2
Volume: 23
Year: 2022
Month: 04
X-DOI: 10.1080/15228916.2021.1889870
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1889870
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:2:p:531-548



Template-Type: ReDIF-Article 1.0
Author-Name: Ridwan L. Ibrahim
Author-X-Name-First: Ridwan L.
Author-X-Name-Last: Ibrahim
Author-Name: Kazeem B. Ajide
Author-X-Name-First: Kazeem B.
Author-X-Name-Last: Ajide
Title: Trade Facilitation, Institutional Quality, and Sustainable Environment: Renewed Evidence from Sub-Saharan African Countries
Abstract: 
 This study examines the impact of trade facilitation and institutions on sustainable environment on a panel of 41 Sub-Saharan African countries over the period 2005–2014. Six composite indicators of trade facilitation (namely: export costs, import costs, export documents, import documents, export time, and import time) with a composite index (TFindex) are employed on four indicators of environmental sustainability (viz; natural resource depletion, net forest depletion, biocapacity, and ecological footprint of consumption) together with their combined index (Envindex) using the System Generalized Method of Moments. The following findings are established: first, the indicators of TF are significant and positively correlated with environmental sustainability (ES). Second, institutional quality dampens ES for the most part of the models. Third, the adverse effects of TF measures, institutional quality, and their interactive terms seem more severe from consumption angle than production, thus suggesting that the sources of environmental pollutants are more consumption oriented than production. What is more, Environmental Kuznets Curve Thesis finds a further empirical support. Going forward, the need for a well-harmonized trade facilitation procedure within a sound institutional environment, supported by a well-implemented national environmental protection law hold the promising key to addressing the prevailing environmental issues in the continent.
Journal: Journal of African Business
Pages: 281-303
Issue: 2
Volume: 23
Year: 2022
Month: 04
X-DOI: 10.1080/15228916.2020.1826886
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1826886
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Template-Type: ReDIF-Article 1.0
Author-Name: Nicholas M. Odhiambo
Author-X-Name-First: Nicholas M.
Author-X-Name-Last: Odhiambo
Author-Name: Sheilla Nyasha
Author-X-Name-First: Sheilla
Author-X-Name-Last: Nyasha
Title: Financial Development and Economic Growth in Uganda: A Multivariate Causal Linkage
Abstract: 
 In this study, we have explored the dynamic causal relationship between financial development and economic growth in Uganda during the period from 1980 to 2015. Although the finance-growth nexus debate has been raging for decades, Uganda, similar to many other low-income sub-Saharan African countries, has not yet received adequate coverage on the subject. To eliminate the variable omission bias associated with some previous studies, two intermittent variables, namely savings and inflation, have been included alongside financial development and economic growth in a multivariate Granger-causality setting. In addition, five proxies of financial sector development have been used in the current study, namely money supply to GDP, deposit money bank assets as a percentage of bank assets, liquid liabilities to GDP, private credit by deposit money banks to GDP, and bank deposits to GDP. Using the ARDL approach, the findings of the study reveal that the direction of causality between financial development and economic growth in Uganda is not clear-cut. It varies from one model to the other, depending on the proxy used for financial development. When financial development is proxied by liquid liabilities to GDP and bank deposits to GDP, a unidirectional causal flow from financial development to economic growth is found to prevail. When deposit money bank assets to bank assets ratio is considered a proxy of financial development, astrong bi-directional causal relationship between financial development and economic growth is found to predominate. However, when money supply to GDP and private credit by deposit money banks to GDP are used as proxies, no causality is found to exist between financial development and economic growth in either direction. Based on these results, it is recommended that when drafting policies aimed at boosting economic growth, policymakers should target growth-led financial development proxies as policy implementation outcomes may vary depending on the targeted financial development proxy.
Journal: Journal of African Business
Pages: 361-379
Issue: 2
Volume: 23
Year: 2022
Month: 04
X-DOI: 10.1080/15228916.2020.1838834
File-URL: http://hdl.handle.net/10.1080/15228916.2020.1838834
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:2:p:361-379



Template-Type: ReDIF-Article 1.0
Author-Name: Marthe Uwamariya
Author-X-Name-First: Marthe
Author-X-Name-Last: Uwamariya
Author-Name: Stefan Cremer
Author-X-Name-First: Stefan
Author-X-Name-Last: Cremer
Author-Name: Claudia Loebbecke
Author-X-Name-First: Claudia
Author-X-Name-Last: Loebbecke
Title: Mobile Payment Enhancing Tourism in Emerging Markets: A Qualitative Study among Small and Medium-Sized Enterprises (SMEs) in Rwanda’s Tourism Sector
Abstract: 
 Technological advancement has fueled various new mobile payment (m-payment) services, which transform the payment industry and help develop established and newly created tourism businesses. However, in emerging markets, users who adopt m-payment services are rare – slowing down the tourism sector’s development. In this paper, taking a multi-stakeholder theoretical perspective on technology adoption, we examine the company-, customer- and country-level drivers and consequences of adopting m-payment services among small and medium-sized enterprises (SMEs) in the Rwandan tourism sector. Our analysis leads to recommendations for m-payment services as levers of tourism sector growth and welfare in emerging countries.
Journal: Journal of African Business
Pages: 480-496
Issue: 2
Volume: 23
Year: 2022
Month: 04
X-DOI: 10.1080/15228916.2021.1874782
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1874782
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:2:p:480-496

Template-Type: ReDIF-Article 1.0
# input file: catalog-resolver-2914398944520611299.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220713T202513 git hash: 99d3863004
Author-Name: João Jungo
Author-X-Name-First: João
Author-X-Name-Last: Jungo
Author-Name: Mara Madaleno
Author-X-Name-First: Mara
Author-X-Name-Last: Madaleno
Author-Name: Anabela Botelho
Author-X-Name-First: Anabela
Author-X-Name-Last: Botelho
Title: The Relationship between Financial Inclusion and Monetary Policy: A Comparative Study of Countries’ in Sub-Saharan Africa and Latin America and the Caribbean
Abstract: 
 Monetary policy ensures the financial system stabilization. Financial inclusion, characterized by the access and use of available financial services (credit, savings, payments, insurance at a low cost), by a broader population, may explain the effectiveness of the monetary policy, especially in developing countries. The objective of this study is to carry out a comparative analysis between the countries of Sub-Saharan Africa (SSA) and the countries of Latin America and the Caribbean (LAC), on the causal relationship between financial inclusion and monetary policy, as well as to assess the impact of financial inclusion over monetary policy. To support our study, we applied the panel vector autoregressive (PVAR) methodology, simple panel data models, and a feasible generalized least squares (FGLS) model. Results provide strong evidence of the existence of reverse causality between financial inclusion and monetary policy in both SSA and LAC, with monetary policy facilitating financial inclusion in both regions. Financial inclusion increases the effectiveness of monetary policy in SSA, while for LAC financial inclusion improves the efficiency of monetary policy. Thus, increased access to and use of financial services increase the efficiency of monetary policy in controlling inflation. Governments are encouraged to design or enhance policies that expand financial services, as well as to promote investment in financial inclusion in developing countries, to maintain the monetary system stability.
Journal: Journal of African Business
Pages: 794-815
Issue: 3
Volume: 23
Year: 2022
Month: 07
X-DOI: 10.1080/15228916.2021.1930810
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1930810
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Template-Type: ReDIF-Article 1.0
# input file: catalog-resolver-1902454769252045006.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220713T202513 git hash: 99d3863004
Author-Name: Daniel Ofori
Author-X-Name-First: Daniel
Author-X-Name-Last: Ofori
Author-Name: Christina Appiah-Nimo
Author-X-Name-First: Christina
Author-X-Name-Last: Appiah-Nimo
Title: Relationship Management, Competitive Advantage and Performance of Hotels: A Resource-Based View
Abstract: 
 The competitiveness and growth of the hotel industry have propelled a lot of interest by researchers. Premised on the resource-based view, dynamic capability and competitive advantage theories, this paper investigated the effect of managing supplier and customer relationships on the competitive advantage and performance of hotels. Questionnaires were distributed to managers of one-star rated hotels in the Central and Western regions, and data was analyzed with partial least squares structural equation modeling (PLS-SEM). Analysis of the hypothesized relationships revealed that management of customer relationships had a significant and positive effect on competitive advantage; however, supplier relationship management did not. Again, both supplier relationship management and customer relationship management had no direct effect on the operational performance of hotels. Further, the study confirmed that competitive advantage influences the operational performance of hotels. A mediation test through the bootstrapping procedure revealed that competitive advantage fully mediates customer relationship management and operational performance relationship. The study contributes to the resource-based view and competitive advantage literature and draws implications for practice by hotel managers. It is recommended that the management of hotels maintain a balanced relationship with customers and suppliers.
Journal: Journal of African Business
Pages: 712-730
Issue: 3
Volume: 23
Year: 2022
Month: 07
X-DOI: 10.1080/15228916.2021.1924573
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1924573
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Handle: RePEc:taf:wjabxx:v:23:y:2022:i:3:p:712-730



Template-Type: ReDIF-Article 1.0
# input file: catalog-resolver7958846646204415882.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220713T202513 git hash: 99d3863004
Author-Name: James Agyei
Author-X-Name-First: James
Author-X-Name-Last: Agyei
Author-Name: Shaorong Sun
Author-X-Name-First: Shaorong
Author-X-Name-Last: Sun
Author-Name: Emmanuel Kofi Penney
Author-X-Name-First: Emmanuel Kofi
Author-X-Name-Last: Penney
Author-Name: Eugene Abrokwah
Author-X-Name-First: Eugene
Author-X-Name-Last: Abrokwah
Author-Name: Eric Kofi Boadi
Author-X-Name-First: Eric Kofi
Author-X-Name-Last: Boadi
Author-Name: Darko Dennis Fiifi
Author-X-Name-First: Darko Dennis
Author-X-Name-Last: Fiifi
Title: Internet Banking Services User Adoption in Ghana: An Empirical Study
Abstract: 
 Despite the numerous benefits that customers can reap from internet banking, the existing literature indicates that its adoption remains limited. Therefore, this paper proposes and examines a conceptual framework that clarifies the salient factors that drive customers’ intention to adopt internet banking. The proposed model was built on the unified theory of acceptance and use of technology. This was extended by incorporating trust, word of mouth, perceived enjoyment, and users’ internet experience. A total of 490 valid responses collected via the intercept approach from bank customers in Ghana were analyzed employing structural equation modeling. The analysis demonstrates that performance expectancy, trust, perceived enjoyment, word of mouth, and users’ internet experience significantly influence behavioral intention to adopt internet banking. However, the study finds no support for effort expectancy and social influence. The study concludes with several useful implications for theory and practice.
Journal: Journal of African Business
Pages: 599-616
Issue: 3
Volume: 23
Year: 2022
Month: 07
X-DOI: 10.1080/15228916.2021.1904756
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1904756
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# input file: catalog-resolver-1310813135269097173.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220713T202513 git hash: 99d3863004
Author-Name: Hannah Vivian Osei
Author-X-Name-First: Hannah Vivian
Author-X-Name-Last: Osei
Author-Name: Felicity Asiedu – Appiah
Author-X-Name-First: Felicity
Author-X-Name-Last: Asiedu – Appiah
Author-Name: Angelina Osei
Author-X-Name-First: Angelina
Author-X-Name-Last: Osei
Title: Employee’s Performance in the Service Sector: Should an Individual’s Spirituality and Employment Status Make Any Difference?
Abstract: 
 Drawing on social exchange, social identity and conservation of resources (COR) theories, we investigate the possible interaction effects between individual’s spirituality and organizational citizenship behavior (OCB) on employee’s task performance. Furthermore, we examined the heterogeneous nature of employment status to explain variations in the interaction effects and other relationships. In all data from 380 respondents in the service sector in Ghana were analyzed using T-test, regression and moderation. Results of hierarchical multiple regression revealed that OCB directly relates to employees’ task performance and that an individual’s spirituality moderates this relationship. Further analysis revealed variations in the relationships based on employment status. The study concludes with several useful implications for theory and practice.
Journal: Journal of African Business
Pages: 694-711
Issue: 3
Volume: 23
Year: 2022
Month: 07
X-DOI: 10.1080/15228916.2021.1924571
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1924571
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# input file: catalog-resolver-1462563091990906350.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220713T202513 git hash: 99d3863004
Author-Name: Chukwuebuka Bernard Azolibe
Author-X-Name-First: Chukwuebuka
Author-X-Name-Last: Bernard Azolibe
Title: Banking Sector Intermediation Development and Economic Growth: Evidence from Nigeria
Abstract: 
 In developing economies, banks act as a conduit for the efficient mobilization of financial resources from the surplus sectors for effective allocation to the deficit sectors for productive investment that will in turn lead to economic growth. Thus, the study is aimed at evaluating whether development in the banking sector intermediation process in the form of an increase in the number of branches, credit to private sectors, intermediation efficiency and total assets stimulated economic growth in Nigeria during the period 1987⎯2018. The study employed the Johansen cointegration test, dynamic ordinary least square regression and error correction model in determining the relationship between the variables. The results of the cointegration test confirmed the existence of a long-run relationship between banking sector development indicators and economic growth in Nigeria; whereas in the short-run only number of bank branches and bank’s total assets have a positive and significant impact on economic growth, signifying that much of Nigeria’s superior growth performance is attributed to an increase in the number of bank branches and growth in the bank’s total assets. Going by the above findings, the study recommends that the Central Bank of Nigeria should monitor the activities of Commercial Banks in terms of branch distribution to ensure a wider spread and even distribution and also review the asset base of banks from time to time so as to measure up to international standards in order to increase investment and economic growth.
Journal: Journal of African Business
Pages: 757-774
Issue: 3
Volume: 23
Year: 2022
Month: 07
X-DOI: 10.1080/15228916.2021.1926857
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1926857
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# input file: catalog-resolver-8522461672878438987.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220713T202513 git hash: 99d3863004
Author-Name: Dr Soujata Rughoobur-Seetah
Author-X-Name-First: Dr Soujata
Author-X-Name-Last: Rughoobur-Seetah
Title: Assessing the Outcomes of Organizational Politics on Employees Work Behaviors
Abstract: 
 This paper attempts to assess the outcomes of organizational politics on employees as organizational politics has been identified by various studies to give rise to employees being constantly demotivated, dissatisfied and lack of productiveness in the workplace. Factors like job satisfaction, organizational commitment, motivation and turnover intentions have been identified as potential resulting factors of organizational politics. An online survey method was used for the data collection and the questionnaire was sent to 300 employees. A response rate of (N = 144) was obtained. Findings revealed that organizational politics affects positively turnover intentions of employees and decreases the level of employees’ job satisfaction. Organizational politics was positively related to employee motivation and a non-significant relationship was obtained for the relationship between organizational politics and organizational commitment. This study is expected to help both practitioners and scholars to tackle the issue of organizational politics in the workplace as employees remain the main capital of the business which has to be well managed.
Journal: Journal of African Business
Pages: 676-693
Issue: 3
Volume: 23
Year: 2022
Month: 07
X-DOI: 10.1080/15228916.2021.1910785
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1910785
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# input file: catalog-resolver-4519432590678165411.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220713T202513 git hash: 99d3863004
Author-Name: Baah Aye Kusi
Author-X-Name-First: Baah Aye
Author-X-Name-Last: Kusi
Author-Name: Maryam Kriese
Author-X-Name-First: Maryam
Author-X-Name-Last: Kriese
Author-Name: Gladys Awinpoak Abindaw Nabieu
Author-X-Name-First: Gladys Awinpoak Abindaw
Author-X-Name-Last: Nabieu
Author-Name: Elikplimi Kombla Agbloyor
Author-X-Name-First: Elikplimi Kombla
Author-X-Name-Last: Agbloyor
Title: Bank Ownership Types and Liquidity Creation: Evidence from Ghana
Abstract: 
 In this study, we examine bank liquidity creation and the effect of ownership types on liquidity creation in Ghana for the first time. The study employs data on 26 banks obtained from Bank of Ghana between 2006 and 2016. Three panel estimation strategies including two-step GMM, Hausman-Taylor and Fixed effect models are employed to arrive at the findings. Employing the narrow liquidity creation computation approach, the results show that average bank liquidity created within the 11-year period consistently increased over the period and reported the highest liquidity created in 2016. Interestingly, when considering bank ownership types, listed, state-owned and foreign-owned banks report the highest average liquidity created compared to their unlisted, privately owned and locally owned counterparts, respectively. Employing regression models, the study finds that foreign and privately owned banks are less likely to create more liquidity compared to their locally and state-owned bank counterparts implying that state-owned and locally owned (domestic) banks create more liquidity. These results imply that while there is much room for creating more liquidity, policymakers may hasten liquidity creation through locally and state-owned banks and at the same time designing policies that entice foreign and privately owned banks to create more liquidity which is good for economic growth.
Journal: Journal of African Business
Pages: 568-586
Issue: 3
Volume: 23
Year: 2022
Month: 07
X-DOI: 10.1080/15228916.2021.1889872
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1889872
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# input file: catalog-resolver5878542627452969547.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220713T202513 git hash: 99d3863004
Author-Name: Kingstone Nyakurukwa
Author-X-Name-First: Kingstone
Author-X-Name-Last: Nyakurukwa
Title: The Zimbabwe Code on Corporate Governance (Zimcode) and Financial Performance
Abstract: 
 This paper examines the impact of a set of corporate governance provisions (CGI) as provided in the Zimbabwe Corporate Governance Code (Zimcode) and financial performance using a sample of 48 companies listed on the Zimbabwe Stock Exchange between 2013 to 2018. The Zimcode was introduced in 2015 in Zimbabwe and its main purpose was to curtail corporate scandals that had ravaged listed companies as a result of inadequate corporate governance compliance and was meant to augment the outdated colonial-era Companies Act of 1951. The study uses a market-based measure (Tobin's Q) and an accounting-based measure (ROA) as proxies for financial performance. A CGI is constructed using three dimensions: board, directors and ownership; accounting and auditing; and risk management. Least Absolute Value (LAV), Ordinary least Squares (OLS) with heteroscedasticity consistent standard errors and Fixed Effects estimators are used to examine if the introduction of the Zimcode has improved the financial performance of companies. The results show that the corporate governance reform in Zimbabwe through the introduction of the Zimcode did not significantly affect the financial performance of Zimbabwean companies. This might be a signal that the regulators need to overhaul the code or gravitate toward mandatory compliance.
Journal: Journal of African Business
Pages: 549-567
Issue: 3
Volume: 23
Year: 2022
Month: 07
X-DOI: 10.1080/15228916.2021.1889871
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1889871
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# input file: catalog-resolver-5684506141670403886.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220713T202513 git hash: 99d3863004
Author-Name: Eleanor Meda Chipeta
Author-X-Name-First: Eleanor Meda
Author-X-Name-Last: Chipeta
Author-Name: Philipp Kruse
Author-X-Name-First: Philipp
Author-X-Name-Last: Kruse
Author-Name: Robert Venter
Author-X-Name-First: Robert
Author-X-Name-Last: Venter
Title: A Risky Way of Doing Good – Combining Personality and Cognitive Variables in a New Hierarchical Model of Investment Risk-taking in Social Entrepreneurship
Abstract: 
 Social entrepreneurship (SE) combines the aspirations to create financial and social values. However, an SE-career is also considered risky and susceptible to failure. Despite a growing body of research examining the motivation of social entrepreneurs, studies on antecedents of investment risk-taking in SE are rare. The current study aims at crafting and empirically testing a hierarchical model comprising personality and cognitive antecedents of SE investment risk-taking. Using structural equation modeling and a sample of 411 business students, we find several direct effects of cognitive and indirect effects of personality variables. SE-scholars and educators should pay attention to this complex interplay in future studies and SE-courses.
Journal: Journal of African Business
Pages: 775-793
Issue: 3
Volume: 23
Year: 2022
Month: 07
X-DOI: 10.1080/15228916.2021.1907157
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1907157
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# input file: catalog-resolver5298007682338314823.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220713T202513 git hash: 99d3863004
Author-Name: Nigel Scott
Author-X-Name-First: Nigel
Author-X-Name-Last: Scott
Author-Name: Simon Batchelor
Author-X-Name-First: Simon
Author-X-Name-Last: Batchelor
Author-Name: Tom Jones
Author-X-Name-First: Tom
Author-X-Name-Last: Jones
Author-Name: Inka Barnett
Author-X-Name-First: Inka
Author-X-Name-Last: Barnett
Author-Name: Jessica Gordon
Author-X-Name-First: Jessica
Author-X-Name-Last: Gordon
Author-Name: Becky Faith
Author-X-Name-First: Becky
Author-X-Name-Last: Faith
Title: Mobiles for Development – A Comparative Analysis of Business Decisions
Abstract: 
 Much research on ‘mobiles for development’ focuses on outcomes and impact of services. This paper focuses on the underlying business models. It draws on two case studies as part of a UK Aid funded evaluation of the GSM Association led mNutrition programme. Vodafone Farmers Club in Ghana provides agricultural and nutrition information via SMS and Wazazi Nipendeni in Tanzania is a maternal and child health SMS service. The paper presents the salient points of the two contrasting business models, highlighting the strengths and weaknesses of both. The merits of the different approaches depend on the principle motivation, but when it comes to delivering positive outcomes among the poorest, the weight of evidence appears to be in favor of an independent, third party driven model.
Journal: Journal of African Business
Pages: 658-675
Issue: 3
Volume: 23
Year: 2022
Month: 07
X-DOI: 10.1080/15228916.2021.1909402
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1909402
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# input file: catalog-resolver7032707101214063144.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220713T202513 git hash: 99d3863004
Author-Name: Ismail O. Fasanya
Author-X-Name-First: Ismail O.
Author-X-Name-Last: Fasanya
Author-Name: Oluwatomisin J. Oyewole
Author-X-Name-First: Oluwatomisin J.
Author-X-Name-Last: Oyewole
Author-Name: Ibrahim D. Raheem
Author-X-Name-First: Ibrahim D.
Author-X-Name-Last: Raheem
Title: Oil Prices and Exchange Rate Dynamics: How Important Is the Role of Asymmetry and Structural Breaks?
Abstract: 
 In this paper, we model the relationship between oil price and exchange rate for Nigeria using monthly data from January 1997 to December 2019. The contributions of this paper are twofold: (i) we employ both the Symmetric ARDL and Asymmetric ARDL, and (ii) we also account for multiple structural changes in regression models. The following findings are apparent from our analyses. First, an increase in oil prices leads to depreciation of the Naira relative to the US dollar. Second, oil price asymmetries seem to matter both in the short run and in the long run. Third, the findings indicate evidence of structural breaks in the oil and exchange rate markets which coincides with the 2000 US invasion of Iraq, 2005 Asian demand soars, 2008 global financial crisis and 2015 Arab springs. Finally, we establish that disregarding the role of structural breaks and asymmetry will lead to serious biases and misleading results.
Journal: Journal of African Business
Pages: 638-657
Issue: 3
Volume: 23
Year: 2022
Month: 07
X-DOI: 10.1080/15228916.2021.1909401
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1909401
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# input file: catalog-resolver-7098292324573058861.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220713T202513 git hash: 99d3863004
Author-Name: Elhadj Ezzahid
Author-X-Name-First: Elhadj
Author-X-Name-Last: Ezzahid
Author-Name: Zakaria Elouaourti
Author-X-Name-First: Zakaria
Author-X-Name-Last: Elouaourti
Title: Financial Inclusion, Financial Frictions, and Economic Growth: Evidence from Africa
Abstract: 
 This paper aims to first, develop an analytical framework that examines the role of financial inclusion in promoting investment and economic growth, through the reduction of financial imperfections and considering the heterogeneity of access to the financial system. When performing a comparative analysis of the levels of financial inclusion in Africa, we mobilize the principal component analysis methodology to build the African Financial Inclusion Index (AFIndex). To test the empirical validity of the analytical conclusions, we use a panel data regression technique on a database constituted of 33 African countries over the period 2004–2019. Based on model simulations, financial inclusion stimulates investment and economic growth. Empirical results provide evidence attesting to the fact that financial inclusion has a significant and positive impact on investment and economic growth in Africa. The AFIndex shows that most African economies have a low level of financial inclusion. Our model is original as it provides analytical evidence on the negative impact of financial exclusion on economic growth, emphasizing the vital role of financial inclusion for economic growth. The AFIndex is a useful tool for designing and evaluating policies and/or programs intended for promoting financial inclusion in Africa.
Journal: Journal of African Business
Pages: 731-756
Issue: 3
Volume: 23
Year: 2022
Month: 07
X-DOI: 10.1080/15228916.2021.1926856
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1926856
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# input file: catalog-resolver-581458466251965611.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220713T202513 git hash: 99d3863004
Author-Name: Grace Akinola
Author-X-Name-First: Grace
Author-X-Name-Last: Akinola
Author-Name: Sara S. Grobbelaar
Author-X-Name-First: Sara S.
Author-X-Name-Last: Grobbelaar
Title: Bridging the Research–practice Gap in African Management Research: The Case of the Nigerian Banking Sector
Abstract: 
 Although significant resources are invested in research through the delivery of management studies graduates in Nigeria, uncertainty exists as to whether, how, and how effectively Nigerian universities engage with the Nigerian banking sector regarding research. This article adopts the interpretivist/constructivist research philosophical paradigm to empirically study a hypothesized research-practice gap and possible barriers to research uptake between Nigeria’s universities and banking sector. The study involved two sets of questionnaires to staff members of 21 Nigerian banks (125 responses) and Heads of Department (HoDs) from seven Nigerian universities. The questionnaire data were analyzed through thematic content analysis of qualitative responses to open-ended questions. The study attempts to provide the necessary information to university researchers in the area of management to enable alignment of research projects with the needs of banks and to facilitate dissemination of their research findings to prospective users in the banking sector. Findings reveal that opportunities exist for Nigerian Universities to work more closely with the banking sector. A need exists for nurturing reciprocal research relationships through more intensified direct engagement mechanisms and for an intermediary role to be played to facilitate engagement and develop relational capital between these sectors
Journal: Journal of African Business
Pages: 617-637
Issue: 3
Volume: 23
Year: 2022
Month: 07
X-DOI: 10.1080/15228916.2021.1904757
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1904757
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# input file: catalog-resolver5027140582474597047.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220713T202513 git hash: 99d3863004
Author-Name: Gontse Morakile
Author-X-Name-First: Gontse
Author-X-Name-Last: Morakile
Author-Name: Michael Akwasi Antwi
Author-X-Name-First: Michael Akwasi
Author-X-Name-Last: Antwi
Author-Name: Theresa Tendai Rubhara
Author-X-Name-First: Theresa Tendai
Author-X-Name-Last: Rubhara
Title: Patterns of Engagement for Smallholder Farmers in Accessing Government Markets in South Africa
Abstract: 
 The South African Government’s drive to empower smallholder farmers through preferentially facilitated access to procurement opportunities should be concomitantly matched with the smallholder capacity to deliver. However, there has been little information from the literature to examine the smallholder farmers’ predisposition toward aggregation or whether they would prefer to remain independent from any form of organization to enhance their capacity. The study was undertaken, based on a simple random selection of the smallholder farmers in the district of Thabo Mofutsanyane. The results indicate that despite the perceived benefits of belonging to a group, about half of the smallholder farmers would prefer to remain independent from any form of aggregation or farmer group. The results are an antithesis to the common literature opinion on farmer grouping or aggregation. On the other hand, it may be that smallholder farmers would subscribe to coming together for collective benefit, but currently, do not have a formal governance structure or group account. The results provide an alert that while the government considers group operations such as cooperatives as a potential mechanism to deepen empowerment, it remains a challenge to properly entrench such notion for collective group operations beyond the means of the smallholder farmers to access resources.
Journal: Journal of African Business
Pages: 587-598
Issue: 3
Volume: 23
Year: 2022
Month: 07
X-DOI: 10.1080/15228916.2021.1897453
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1897453
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# input file: catalog-resolver6701022425107686658.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220713T202513 git hash: 99d3863004
Author-Name: Dineshwar Ramdhony
Author-X-Name-First: Dineshwar
Author-X-Name-Last: Ramdhony
Author-Name: Afzalur Rashid
Author-X-Name-First: Afzalur
Author-X-Name-Last: Rashid
Author-Name: Jeff Gow
Author-X-Name-First: Jeff
Author-X-Name-Last: Gow
Author-Name: Teerooven Soobaroyen
Author-X-Name-First: Teerooven
Author-X-Name-Last: Soobaroyen
Title: The Influence of Corporate Governance and Corporate Foundations on Corporate Social Responsibility (CSR) Reporting Practices
Abstract: 
 This study investigates whether corporate governance and corporate foundations have any influence on corporate social responsibility (CSR) reporting practices in the context of a developing country – Mauritius. Data were collected from Mauritian listed companies for the period of 2007–2014. Content analysis was used to assess the extent of CSR reporting. Multivariate regression was used to investigate the three research hypotheses. It was found that firms which contribute to a CSR foundation, generally report a higher level of CSR information provision. Conversely, state ownership has a negative influence on the level of CSR reporting while board independence had no significant influence on CSR reporting. This study contributes to the literature by shedding light on less explored intrinsic drivers of CSR reporting. While the role of extrinsic drivers (e.g. institutional obligations) remains relevant, it is only through an organizational/management commitment to ethical and social issues that substantive embedding of positive managerial attitudes toward CSR and stakeholder will occur.
Journal: Journal of African Business
Pages: 816-832
Issue: 3
Volume: 23
Year: 2022
Month: 07
X-DOI: 10.1080/15228916.2021.1952521
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1952521
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# input file: WJAB_A_1969191_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Francis Donkor
Author-X-Name-First: Francis
Author-X-Name-Last: Donkor
Author-Name: Isaac Sekyere
Author-X-Name-First: Isaac
Author-X-Name-Last: Sekyere
Author-Name: Frank Akwasi Oduro
Author-X-Name-First: Frank Akwasi
Author-X-Name-Last: Oduro
Title: Transformational and Transactional Leadership Styles and Employee Performance in Public Sector Organizations in Africa: A Comprehensive Analysis in Ghana
Abstract: 
 The purpose of this research is to investigate the psychological mechanisms that cause the influence of transformational and transactional leadership on employee performance. Based on employee stewardship theory (EST) and social exchange theory (SET), an organizational commitment was selected as a perfect moderating variable to conduct the study. The data were collected from sixteen (16) organizations in the public sector of Ghana, consisting of 330 full-time employees. The results indicate that organizational commitment positively moderates transformational leadership while transactional leadership does not. We realized that when transformational leadership is high, organizational commitment goes up, thereby increasing employee performance. On the other hand, when transactional leadership goes up, organizational commitment decreases, causing employees performance to dwindle. Therefore, transactional leaders should augment their approach with transformational leadership to increase employee performance. This research offers practical implications relevant to provide strategies for leaders to PSOs to influence employees to perform beyond the limit.
Journal: Journal of African Business
Pages: 945-963
Issue: 4
Volume: 23
Year: 2022
Month: 10
X-DOI: 10.1080/15228916.2021.1969191
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1969191
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# input file: WJAB_A_1954446_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Fredrik Utesch-Xiong
Author-X-Name-First: Fredrik
Author-X-Name-Last: Utesch-Xiong
Author-Name: Uma Sarada Kambhampati
Author-X-Name-First: Uma Sarada
Author-X-Name-Last: Kambhampati
Title: Determinants of Chinese Foreign Direct Investment in Africa
Abstract: 
 We investigate the role of institutions in attracting Chinese FDI into Africa. Focusing on market- and resource-seeking motivations, we consider whether the impact of institutions varies by motivation for FDI. Our data relates to 43 African countries over 11 years, and we use the Generalized Method of Moments to show that Chinese MNEs are market-seeking and are attracted by weaker institutions. This negative effect of institutions is especially strong in resource-rich and higher-income countries. Our study also finds that in resource-rich African countries, better infrastructure quality attracts Chinese FDI.
Journal: Journal of African Business
Pages: 833-850
Issue: 4
Volume: 23
Year: 2022
Month: 10
X-DOI: 10.1080/15228916.2021.1954446
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1954446
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# input file: WJAB_A_1975488_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: George Tweneboah
Author-X-Name-First: George
Author-X-Name-Last: Tweneboah
Author-Name: Michael E. Asamoah
Author-X-Name-First: Michael E.
Author-X-Name-Last: Asamoah
Author-Name: Peterson Owusu Junior
Author-X-Name-First: Peterson
Author-X-Name-Last: Owusu Junior
Title: On Exchange Rate Predictability and Adaptive Market Hypothesis in South Africa
Abstract: 
 This study sets out to explore the predictability of global foreign exchange rates vis-à-vis the South African rand using daily nominal exchange rates from January 2010 to February 2018. The estimation techniques include automatic portmanteau test, wild bootstrap variance ratio test, Dominguez–Lobato test for martingale difference hypothesis, and generalized spectral tests. We investigate the time-varying predictability by employing the fixed-length rolling window approach. The full sample results indicate significant predictability of some exchange rates while some suggest no predictability. The rolling window approach established that all the foreign exchange markets go through episodes of significant predictability and episodes of unpredictability. The currency investment space is dynamic and that makes it imperative for market participants to be adaptable.
Journal: Journal of African Business
Pages: 984-1008
Issue: 4
Volume: 23
Year: 2022
Month: 10
X-DOI: 10.1080/15228916.2021.1975488
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1975488
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# input file: WJAB_A_1984817_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Mzamo P. Mangaliso
Author-X-Name-First: Mzamo P.
Author-X-Name-Last: Mangaliso
Author-Name: Nomazengele A. Mangaliso
Author-X-Name-First: Nomazengele A.
Author-X-Name-Last: Mangaliso
Author-Name: Leah Z. B. Ndanga
Author-X-Name-First: Leah Z. B.
Author-X-Name-Last: Ndanga
Author-Name: Howard Jean-Denis
Author-X-Name-First: Howard
Author-X-Name-Last: Jean-Denis
Title: Contextualizing Organizational Change Management in Africa: Incorporating the Core Values of Ubuntu
Abstract: 
 Most of the business models and theories available to assist organizations in adapting their strategies to today’s dynamic business environment are based on the Anglo-Saxon worldview. Yet most scholars acknowledge that these theories have limited application in cultures outside of the Anglo-Saxon world. There is a dearth of research that infuses Western conceived theories of management with indigenous ontologies. To close this gap, this paper discusses managing change from an African perspective with specific reference to sub-Saharan Africa. It utilizes the philosophy Ubuntu that pervades the subcontinent as the bedrock on which change management can be anchored, asserting that embracing the Ubuntu values offers the best outcomes for managing organizations in Africa. Using Kurt Lewin’s change management model, the paper shows how incorporating the indigenous ontologies based on ubuntu in its execution can lead to sustainable change management in the sub-continent.
Journal: Journal of African Business
Pages: 1029-1048
Issue: 4
Volume: 23
Year: 2022
Month: 10
X-DOI: 10.1080/15228916.2021.1984817
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1984817
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# input file: WJAB_A_1977563_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Samuel Mayanja
Author-X-Name-First: Samuel
Author-X-Name-Last: Mayanja
Author-Name: Joseph M. Ntayi
Author-X-Name-First: Joseph M.
Author-X-Name-Last: Ntayi
Author-Name: Michael Omeke
Author-X-Name-First: Michael
Author-X-Name-Last: Omeke
Author-Name: Moses M. Kibirango
Author-X-Name-First: Moses M.
Author-X-Name-Last: Kibirango
Author-Name: Henry Mutebi
Author-X-Name-First: Henry
Author-X-Name-Last: Mutebi
Title: Symbiotic Resonance, Nexus of Generative Influence, Ecologies of Innovation and Opportunity Exploitation among Small and Medium Enterprises
Abstract: 
 This paper used a quantitative cross-sectional survey design to collect data from 228 small and medium enterprises (SMEs) in Uganda to test the mediating role ecologies of innovation in the relationship between symbiotic resonance, nexus of generative influence and opportunity exploitation, but also, the moderating role of firm size in the relationship between symbiotic resonance and ecologies of innovation. The mediated – moderated hypotheses were tested through Partial Least Square Structural Equation Modeling (PLS-SEM) using SmartPLS version 3.3.0. The study found that ecologies of innovation positively and significantly mediate the relationship between nexus of generative influence and opportunity exploitation. Additionally, we confirmed that firm size moderates the relationship between symbiotic resonance and ecologies of innovation. Managers of SMEs and policy makers should pay more attention to situations where the owner/manager can act as a leader to influence employees positively, create an enabling environment, provide feedback, allow employee to deviate from norms.
Journal: Journal of African Business
Pages: 1009-1028
Issue: 4
Volume: 23
Year: 2022
Month: 10
X-DOI: 10.1080/15228916.2021.1977563
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1977563
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# input file: WJAB_A_1984818_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Mac Junior Abeka
Author-X-Name-First: Mac Junior
Author-X-Name-Last: Abeka
Author-Name: Emmanuel Kwakye Amoah
Author-X-Name-First: Emmanuel Kwakye
Author-X-Name-Last: Amoah
Author-Name: Michael Owusu Appiah
Author-X-Name-First: Michael
Author-X-Name-Last: Owusu Appiah
Author-Name: John Gartchie Gatsi
Author-X-Name-First: John Gartchie
Author-X-Name-Last: Gatsi
Author-Name: Nathaniel Kwapong Obuobi
Author-X-Name-First: Nathaniel Kwapong
Author-X-Name-Last: Obuobi
Author-Name: Ebenezer Boateng
Author-X-Name-First: Ebenezer
Author-X-Name-Last: Boateng
Title: Economic Institutions, Political Institutions and Renewable Energy Production in Africa
Abstract: 
 This study investigates the role of economic and political institutions as drivers of renewable energy production in Africa. To achieve this, the study employs panel data of 41 African countries from 2000 to 2017. To deal with endogeneity challenges associated with panel data, we use the two-step Systems Generalized Method of Moments (SGMM). Generally, we find evidence that robust economic institutions are relevant to increasing the level of renewable energy production in Africa. Second, the disaggregated measures of economic institutions show that both size of government and Freedom to trade internationally have a positive effect on renewable energy production. On the contrary, an increase in legal system and property rights reduces the level of renewable energy production. Third, the study finds that political institutions moderate the relationship between economic institutions and renewable energy production. Therefore, toward the goal of promoting SDG 12, governments in Africa should actively strengthen economic institutions to enhance responsible production of energy. However, such efforts will be much more fruitful if the level of political institutions is also strengthened.
Journal: Journal of African Business
Pages: 1049-1066
Issue: 4
Volume: 23
Year: 2022
Month: 10
X-DOI: 10.1080/15228916.2021.1984818
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1984818
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# input file: WJAB_A_1956801_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Charles Makanyeza
Author-X-Name-First: Charles
Author-X-Name-Last: Makanyeza
Author-Name: Adolf Garikai Gomwe
Author-X-Name-First: Adolf Garikai
Author-X-Name-Last: Gomwe
Author-Name: Olumide Olasimbo Jaiyeoba
Author-X-Name-First: Olumide Olasimbo
Author-X-Name-Last: Jaiyeoba
Title: Moderators of the Effect of Viewer Satisfaction on Loyalty Towards Television Channels in Harare, Zimbabwe
Abstract: 
 Based on a survey of 501 television viewers, this study investigated factors moderating the effect of viewer satisfaction on viewer loyalty toward television channels. Research hypotheses were tested using moderated regression analysis. The study found that viewer satisfaction, perceived service quality, corporate reputation, switching cost and price all positively influenced viewer loyalty while corporate reputation, gender, age, education and income did not influence viewer loyalty. Only switching cost and price had significant moderating effects on the viewer satisfaction-viewer loyalty relationship; the rest of the hypothesized relationships were insignificant. The findings of this study have theoretical, practical and future research implications.
Journal: Journal of African Business
Pages: 851-868
Issue: 4
Volume: 23
Year: 2022
Month: 10
X-DOI: 10.1080/15228916.2021.1956801
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1956801
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# input file: WJAB_A_1962156_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Mulugeta Damie Watabaji
Author-X-Name-First: Mulugeta Damie
Author-X-Name-Last: Watabaji
Author-Name: Arega Shumetie
Author-X-Name-First: Arega
Author-X-Name-Last: Shumetie
Title: Political Instability, Corruption and Enterprise Performance Nexus: Lessons and Policy Implications for Some Selected African Countries
Abstract: 
 The aim of this study is to investigate the interactions among political instability, corruption and enterprise performance in some selected African countries. Survey data collected by the World Bank from 5,780 enterprises in 2013 and 3,616 enterprises in 2016 from some 18 African countries were used for this study. Descriptive statistics and econometric models were employed for data analysis. We found that covariates such as corruption, power outage, budget and time allotted for R&D, participation in foreign markets, and provision of formal training to employees showed greasing effects on the wheels of enterprise performance in Africa, due to poor functioning of the institutions. On the other hand, political instability and being confined to domestic markets have mediating sanding effects on enterprise performance. The originality and relevance of this study are based on its novelty to establishing a nexus among corruption, political instability and enterprise performance in African context based on survey data collected from 18 African countries and thus providing a new insight on the causal relationships among these key variables.
Journal: Journal of African Business
Pages: 907-924
Issue: 4
Volume: 23
Year: 2022
Month: 10
X-DOI: 10.1080/15228916.2021.1962156
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1962156
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# input file: WJAB_A_1962154_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: James Agyei
Author-X-Name-First: James
Author-X-Name-Last: Agyei
Author-Name: Shaorong Sun
Author-X-Name-First: Shaorong
Author-X-Name-Last: Sun
Author-Name: Emmanuel Kofi Penney
Author-X-Name-First: Emmanuel Kofi
Author-X-Name-Last: Penney
Author-Name: Eugene Abrokwah
Author-X-Name-First: Eugene
Author-X-Name-Last: Abrokwah
Author-Name: Ramous Agyare
Author-X-Name-First: Ramous
Author-X-Name-Last: Agyare
Title: Understanding CSR and Customer Loyalty: The Role of Customer Engagement
Abstract: 
 This study investigates the effect of corporate social responsibility (CSR) on customer loyalty and explores the role of customer engagement. The moderating role of gender is also examined. A total of 348 valid responses collected via the intercept approach from life insurance customers in Ghana were analyzed using structural equation modeling. The results suggest that CSR dimensions (economic, environmental, and social responsibility) positively impact customer loyalty. Also, the results indicate a partial mediating influence of customer engagement between CSR dimensions and customer loyalty. Further, the results establish the moderating effect of gender between economic and environmental dimensions of CSR and customer engagement. However, the study finds no moderating effect of gender between the social dimension of CSR and customer engagement. The study provides an empirical basis for CSR strategies that can drive customer engagement and customer loyalty in the insurance sector in many economies.
Journal: Journal of African Business
Pages: 869-886
Issue: 4
Volume: 23
Year: 2022
Month: 10
X-DOI: 10.1080/15228916.2021.1962154
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1962154
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# input file: WJAB_A_1969192_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Philip Akrofi Atitianti
Author-X-Name-First: Philip Akrofi
Author-X-Name-Last: Atitianti
Author-Name: Qian Dai
Author-X-Name-First: Qian
Author-X-Name-Last: Dai
Title: Does Chinese Foreign Direct Investment Improve the Welfare of Africans?
Abstract: 
 This paper assesses the impact of Chinese foreign direct investment (FDI) on welfare in African economies using recently available data on Chinese FDI in 52 African countries between 2003 and 2018. Using fixed effects and instrumental variable (IV) estimations, we find that Chinese FDI contributes significantly to the improvement of welfare in African countries. This positive impact also holds for the sub-sample of Sub-Saharan African (SSA) countries. The results are robust across the fixed effects and IV estimations when variables that affect welfare are controlled for. The findings suggest that China’s claim of a “win-win” aim for its rising investment in African countries may hold.
Journal: Journal of African Business
Pages: 964-983
Issue: 4
Volume: 23
Year: 2022
Month: 10
X-DOI: 10.1080/15228916.2021.1969192
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1969192
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# input file: WJAB_A_1962157_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Marie M Stack
Author-X-Name-First: Marie M
Author-X-Name-Last: Stack
Author-Name: Emmanuel B Amissah
Author-X-Name-First: Emmanuel B
Author-X-Name-Last: Amissah
Title: The Presence of Foreign Firms in Ghana: The Role of Financial, Infrastructural and Institutional Constraints
Abstract: 
 Using logit regression on firm-level survey data, this study examines the effects of various aspects of the business environment on foreign firm participation in Ghana. An analysis of the main constraints on non-mining foreign investment is important in terms of prioritizing reforms of the overall business environment. In addition, assessing the variation of effects according to different firm characteristics matters for government policy formulation aimed at incentivizing sub-categories of foreign firms. The findings suggest that financial factors (access to finance) and institutional factors (the judicial system and land access) are most important in constraining the probability of foreign investment. Distinct effects are obtained depending on firm characteristics relating to the degree of foreign ownership, the size of the firm and the industry in which the firm operates. The effects of the business environment also vary according to the firm’s regional location.
Journal: Journal of African Business
Pages: 925-944
Issue: 4
Volume: 23
Year: 2022
Month: 10
X-DOI: 10.1080/15228916.2021.1962157
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1962157
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# input file: WJAB_A_2015835_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Prince Kodua
Author-X-Name-First: Prince
Author-X-Name-Last: Kodua
Author-Name: Charles Blankson
Author-X-Name-First: Charles
Author-X-Name-Last: Blankson
Author-Name: Swati Panda
Author-X-Name-First: Swati
Author-X-Name-Last: Panda
Author-Name: Thuy Nguyen
Author-X-Name-First: Thuy
Author-X-Name-Last: Nguyen
Author-Name: Robert E. Hinson
Author-X-Name-First: Robert E.
Author-X-Name-Last: Hinson
Author-Name: Bedman Narteh
Author-X-Name-First: Bedman
Author-X-Name-Last: Narteh
Title: The Relationship between CSR and CBBE in Sub-Saharan Africa: The Moderating Role of Customer Perceived Value
Abstract: 
 Relying on the concepts of corporate social responsibility (CSR) and consumer-based brand equity (CBBE) to better understand sub-Saharan African urban marketplaces, this article puts forward a conceptual framework whose objective is to a) investigate the effect of CSR on multiple dimensions of CBBE and b) investigate the moderating role of customer perceived value (CPV). Survey data are from 501 consumers in Ghana and are analyzed using structural equation modeling. Findings suggest that engaging in CSR unquestionably improves all aspects of brand equity such as brand awareness, brand image, brand quality, and brand loyalty. We also find that the relationship between CSR and CBBE is moderated by CPV across all CSR-CBBE relationship. These findings have important implications for CSR, branding, international business and marketing in the Ghanaian marketplace.
Journal: Journal of African Business
Pages: 1088-1108
Issue: 4
Volume: 23
Year: 2022
Month: 10
X-DOI: 10.1080/15228916.2021.2015835
File-URL: http://hdl.handle.net/10.1080/15228916.2021.2015835
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# input file: WJAB_A_1962155_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Baah Aye Kusi
Author-X-Name-First: Baah Aye
Author-X-Name-Last: Kusi
Author-Name: Lord Mensah
Author-X-Name-First: Lord
Author-X-Name-Last: Mensah
Author-Name: Elikplimi Agbloyor
Author-X-Name-First: Elikplimi
Author-X-Name-Last: Agbloyor
Title: Bank Deposit Mobilization, Loan Advancement and Financial Stability: The Role of Bank Branches in an Emerging Market
Abstract: 
 This study investigates the relationship between bank branches, financial intermediation, and financial stability in Ghana using 35 banks between 2009 and 2017. Employing a panel two-step dynamic GMM model, a non-linear “inverted U-shaped” relationship is documented between bank branches and financial stability. This implies that initial increases in bank branches promote financial stability but beyond 191 and 173 bank branches, bank branching derails banking stability. The findings further reveal that bank branches enhance the positive effects of deposits on bank stability whilst reducing the negative consequences of bank lending on financial stability. These findings imply that while bank management can rely on bank branches to enhance loans and deposits in promoting banking stability, bank management should also be cautious about the number of bank branches they keep given that beyond a certain threshold it may impede stability.
Journal: Journal of African Business
Pages: 887-906
Issue: 4
Volume: 23
Year: 2022
Month: 10
X-DOI: 10.1080/15228916.2021.1962155
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1962155
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# input file: WJAB_A_1996907_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Mohammed Hersi Warsame
Author-X-Name-First: Mohammed Hersi
Author-X-Name-Last: Warsame
Author-Name: Edward Mugambi Ireri
Author-X-Name-First: Edward Mugambi
Author-X-Name-Last: Ireri
Title: Fintechs’ Future in Kenya: Does Social Influence Matter?
Abstract: 
 This paper investigates the role of social influence on continuous intention to use Fintech mobile money lending app services in Kenya. A sample of 342 respondents was selected using convenience sampling. Data was analyzed using a structural equation modeling technique with the AMOS version 24 software. The study found out that social influence has a significant direct role on perceived security, satisfaction and continuous intention to use mobile money lending services. The moderating role of social influence strengthens the positive relationship between perceived security and perceived usefulness on one hand and perceived satisfaction and continuous intention to use mobile money lending services, especially among mobile money lending apps users on the other hand. In addition, Kenyans will continue to use mobile money lending app services if they remain useful, secure, satisfactory and meet their expectations.
Journal: Journal of African Business
Pages: 1067-1087
Issue: 4
Volume: 23
Year: 2022
Month: 10
X-DOI: 10.1080/15228916.2021.1996907
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1996907
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# input file: WJAB_A_2038495_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Mariette Strydom
Author-X-Name-First: Mariette
Author-X-Name-Last: Strydom
Author-Name: Elizabeth Louise Kempen
Author-X-Name-First: Elizabeth Louise
Author-X-Name-Last: Kempen
Author-Name: Thea Judith Tselepis
Author-X-Name-First: Thea Judith
Author-X-Name-Last: Tselepis
Title: Marketing for Survival: The Survivalist Promotional Mix of Informal Clothing Manufacturing Micro-enterprises
Abstract: 
 The purpose of this paper is to investigate the promotional activities embraced by informal clothing manufacturing micro-enterprises (CMMEs) in the informal economy of an emerging market. Informal micro-enterprises are both income and job-generating alternatives for unemployed people in South Africa’s townships. Recent research has highlighted the need to develop unique marketing strategies to address challenges in emerging markets and help CMMEs realize their true potential. A qualitative case study, which included personal interviews with 13 CMME owners and observations at a workshop with five participating CMMEs, was undertaken at a business incubation hub. The findings from this study suggested the prevalence of opportunistic self-started promotional activities and assisted promotional activities. CMMEs selectively embrace some of the methods and activities contained in the conventional, innovational and fashion entrepreneur promotional mix strategies. The opportunistic use of promotional methods resulted in the survivalist promotional mix particular to the informal CMME in an African context. This paper makes a theoretical contribution to the knowledge base of marketing literature within the informal economy context, and literature about informal clothing micro businesses.
Journal: Journal of African Business
Pages: 19-37
Issue: 1
Volume: 24
Year: 2023
Month: 01
X-DOI: 10.1080/15228916.2022.2038495
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2038495
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# input file: WJAB_A_2031827_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Ebele Stella Nwokoye
Author-X-Name-First: Ebele Stella
Author-X-Name-Last: Nwokoye
Author-Name: Clement Izuchukwu Igbanugo
Author-X-Name-First: Clement Izuchukwu
Author-X-Name-Last: Igbanugo
Author-Name: Chukwunonso Ekesiobi
Author-X-Name-First: Chukwunonso
Author-X-Name-Last: Ekesiobi
Author-Name: Stephen Kelechi Dimnwobi
Author-X-Name-First: Stephen Kelechi
Author-X-Name-Last: Dimnwobi
Title: Fiscal Incentives and Tax Compliance Behaviour in Industrial Clusters: A Survey of Clusters in South-east Nigeria
Abstract: 
 The study investigates the impact of fiscal incentives on the tax compliance behavior of firms in industrial clusters in Nigeria. Data from 800 firms drawn from three industrial clusters in South-East Nigeria were collected using a structured questionnaire through a multi-stage sampling procedure. Descriptive statistics and the logistic regression model were applied to estimate the survey responses. The major findings of the study show that regular tax audit, firm size, simplifying the communication on tax requirement, communicating deterrent messages, educational attainment of the firm owner and political legitimacy of the current government as well as fiscal incentives (tax credit, tax reduction, capital allowance, investment incentives) significantly influence the tax compliance behavior of firms in Nigeria’s industrial clusters. Similarly, the study finds that fiscal incentives significantly enhance firm performance in Nigeria’s industrial clusters. Implications and policy suggestions are presented for adoption by concerned stakeholders in the tax and industrial sectors.
Journal: Journal of African Business
Pages: 147-166
Issue: 1
Volume: 24
Year: 2023
Month: 01
X-DOI: 10.1080/15228916.2022.2031827
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2031827
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# input file: WJAB_A_2018226_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Justice Nyigmah Bawole
Author-X-Name-First: Justice Nyigmah
Author-X-Name-Last: Bawole
Author-Name: Zechariah Langnel
Author-X-Name-First: Zechariah
Author-X-Name-Last: Langnel
Title: Corruption-Induced Inhibitions to Business: What Business Leaders Have to Say in Ghana
Abstract: 
 The paper examines how corruption-induced inhibitions influence business-related corruption from the perspectives of business leaders in Ghana. Data were collected through focus group discussion with Chief Executive Officers (CEOs) of multi-national and local companies operating in Ghana. The findings show that business leaders encounter multiple regulatory agencies with duplicated and overlapping functions, multiple charges for virtually the same and duplicated services, multiple law enforcement agencies also performing regulatory functions at the Ports of entry, inadequate information on processes and costs of services, and inadequate channels for reporting corrupt activities in Ghana. The paper argues that these challenges trigger corruption-induced inhibitors which in turn, negatively affect the growth of the private-sector in Ghana.
Journal: Journal of African Business
Pages: 59-76
Issue: 1
Volume: 24
Year: 2023
Month: 01
X-DOI: 10.1080/15228916.2021.2018226
File-URL: http://hdl.handle.net/10.1080/15228916.2021.2018226
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# input file: WJAB_A_2031584_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Rodrigue S. Kaki
Author-X-Name-First: Rodrigue S.
Author-X-Name-Last: Kaki
Author-Name: Djana B. Mignouna
Author-X-Name-First: Djana B.
Author-X-Name-Last: Mignouna
Author-Name: Augustin K. N. Aoudji
Author-X-Name-First: Augustin K. N.
Author-X-Name-Last: Aoudji
Author-Name: Razack Adéoti
Author-X-Name-First: Razack
Author-X-Name-Last: Adéoti
Title: Entrepreneurial Intention among Undergraduate Agricultural Students in the Republic of Benin
Abstract: 
 In sub-Saharan Africa, where the professional insertion of graduates remains a major challenge, entrepreneurship represents an alternative to youth unemployment. This study investigates the predictors of agribusiness entrepreneurial intentions amongst undergraduate agricultural students in the Republic of Benin. A sample of 351 final year agricultural students was selected from universities. The data were collected through structured questionnaire and analyzed using descriptive statistics and a binary logistic regression. The findings showed that 44.16% of respondents were willing to start their own agribusiness venture after graduation with a preference for agro-processing enterprises (35.48%) and crop production enterprises (26.45%). The significant factors that influence agricultural students’ entrepreneurial intention in agribusiness were age, their major field of study, type of university attended, previous experience in agribusiness, a role model as a friend, and perception of agribusiness environment. The study suggests the establishment of clubs for agribusiness entrepreneurship in agricultural faculties and universities; showcasing of young entrepreneurs in agribusiness through national competitions, and events, such as “Agri-Enterprise Week” at universities, inviting young agribusiness entrepreneurs to share their experiences with the students in the next generation as guests lecturer; and the creation by the government of a conducive agribusiness environment for youth graduates. In the light of these insights, several paths for future research emerge.
Journal: Journal of African Business
Pages: 111-128
Issue: 1
Volume: 24
Year: 2023
Month: 01
X-DOI: 10.1080/15228916.2022.2031584
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2031584
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# input file: WJAB_A_1907156_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Álvaro Dias
Author-X-Name-First: Álvaro
Author-X-Name-Last: Dias
Author-Name: Leandro Pereira
Author-X-Name-First: Leandro
Author-X-Name-Last: Pereira
Author-Name: Renato Lopes da Costa
Author-X-Name-First: Renato
Author-X-Name-Last: Lopes da Costa
Title: Organizational Capabilities as Antecedents of Entrepreneurship: A Basis for Business Practice and Policy Making
Abstract: 
 Entrepreneurship plays an important role on economic development. However, its antecedents are still an under-explored topic. As such, this research seeks to identify the factors that influence entrepreneurship by the relationship between the theoretical fields of entrepreneurship and the Resource Based View. To test the hypothesis, a quantitative study was conducted using survey data from a sample of 118 Angolan entrepreneurs. The results from partial least squares (PLS) allow identifying marketing capabilities; access to financial resources, and innovation capabilities as determinants of entrepreneurship. No significant relation was observed in the link between market experience and customer orientation on entrepreneurship. The implications for business practice and policy making are discussed in the conclusions.
Journal: Journal of African Business
Pages: 1-18
Issue: 1
Volume: 24
Year: 2023
Month: 01
X-DOI: 10.1080/15228916.2021.1907156
File-URL: http://hdl.handle.net/10.1080/15228916.2021.1907156
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# input file: WJAB_A_2031726_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Imen Fakhfakh
Author-X-Name-First: Imen
Author-X-Name-Last: Fakhfakh
Author-Name: Anis Jarboui
Author-X-Name-First: Anis
Author-X-Name-Last: Jarboui
Title: Research on the Relationship between Audit Risk Assessment and Risk Governance: Evidence from Tunisia
Abstract: 
 The study examines the relationship between corporate governance mechanisms and audit risk in firms listed on the Tunisian Stock Exchange (TSE). The study covers the period 2006–2013. Panel regression analysis was used to estimate the relationship between corporate governance variables and audit risk. The results show that board size, board independence and institutional ownership were negatively related to audit risk. It is also discovered that audit risk index level increases as poor corporate governance. These findings may have important implications for analysts, investors, regulators and academics. First, the identifying factors that may influence the audit risk can help guide the reforms to improve the functioning of the financial market. Second, the study provides ample evidence of risk governance problems in the Tunisian market, highlighting the necessity of new corporate governance requirements. This study is unique in providing Tunisian evidence on the effect of corporate governance on audit risk. This paper is also relevant as it develops an index of audit risk and risk corporate governance.
Journal: Journal of African Business
Pages: 95-110
Issue: 1
Volume: 24
Year: 2023
Month: 01
X-DOI: 10.1080/15228916.2022.2031726
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2031726
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# input file: WJAB_A_2039862_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Dalel Ayari
Author-X-Name-First: Dalel
Author-X-Name-Last: Ayari
Author-Name: Ghazi Boulila
Author-X-Name-First: Ghazi
Author-X-Name-Last: Boulila
Title: The Role of Emotion and Calculative Self-Interest in Trust Perception:Case of the Dairy Value Chain
Abstract: 
 Trust among actors plays an important role in contracting decisions and cooperative membership. There is, however, a concern to understand trust development and the determinants of trust perception. In this paper, trust perception is explained by emotions and calculative self-interest along with other predictors, namely transaction costs in the value chain exchange. We assume that emotional non-calculative trust and calculative self-interest are both present in local rural economies, making this context appropriate to test our hypothesis regarding the importance of emotional links in networking and contracting along the value chain. We used a sample of breeders in a local community to construct the emotional non-calculative self-interest and the calculative self-interest components and investigated how these two indicators contribute to generate trust perception. In addition, transaction costs related to opportunism, uncertainty and, dependency have strong effect on trust perception. The results provide support that emotional non-calculative self-interest fosters trust perception; despite opportunistic behavior and distrust, breeders are able to build trusty links using close relationships. Smallholder dairy farmers could use existing social networks to control high transaction costs, to foster trust and institute sustainable contracts as a way to coordinate transactions.
Journal: Journal of African Business
Pages: 38-58
Issue: 1
Volume: 24
Year: 2023
Month: 01
X-DOI: 10.1080/15228916.2022.2039862
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2039862
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# input file: WJAB_A_2031828_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: James B. Abugre
Author-X-Name-First: James B.
Author-X-Name-Last: Abugre
Author-Name: Benedicta Minlah
Author-X-Name-First: Benedicta
Author-X-Name-Last: Minlah
Author-Name: David Nasere
Author-X-Name-First: David
Author-X-Name-Last: Nasere
Title: The Impact of Time Management Behaviors on Employee Performance in Humanitarian Service Organization: A Study of Selected NPOs in Ghana
Abstract: 
 The purpose of this work is to analyze the effect of time management behaviors on work performance of humanitarian services of non-for-profit organizations (NPOs) in Ghana. Using a survey of NPOs in Ghana, different multivariate analytical techniques were employed to analyze the data. By this, we tested three symmetrical hypotheses of employees’ time behaviors leading to outcomes of employee performance in NPOs. Results indicated that short range time management behavior has a strong impact on employee work performance in NPOs. Results also indicated that long range time management behavior has a positive impact on employee work performance in NPOs. Similarly, our findings demonstrated that employee time management attitude is strongly linked to their performance in NPOs. This study concludes that time management behaviors or practices should be of great concern to organizational analysis in terms of time management and employee productivity which may go a long way to create competitive advantage for organizations.
Journal: Journal of African Business
Pages: 129-146
Issue: 1
Volume: 24
Year: 2023
Month: 01
X-DOI: 10.1080/15228916.2022.2031828
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2031828
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# input file: WJAB_A_2026099_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Fanny Adams Quagrainie
Author-X-Name-First: Fanny Adams
Author-X-Name-Last: Quagrainie
Author-Name: Samuel Adams
Author-X-Name-First: Samuel
Author-X-Name-Last: Adams
Author-Name: Alan Anis Mirhage Kabalan
Author-X-Name-First: Alan Anis Mirhage
Author-X-Name-Last: Kabalan
Author-Name: Afia Dentaa Dankwa
Author-X-Name-First: Afia Dentaa
Author-X-Name-Last: Dankwa
Title: Women Micro-entrepreneurship and Social Inclusion: The Moderating Role of Individual Perceptual Factors
Abstract: 
 Micro-entrepreneurship literature underscores the role of individual perceptual factors in structuring the social inclusion of women while considering the social systems which shape it. However, untangling the way individual perceptual factors relate to the entrepreneurial outcome, remains a challenge, due to the social systems of women. Based on responses of 459 women micro-entrepreneurs operating in Madina, Nungua, and Tema, this paper examines the influence of women micro-entrepreneurship on social inclusion with entrepreneurial self-efficacy, fear of failure and resilience as moderators. The value of this study lies in providing significant insights on micro-entrepreneurship increasing the probability of women’s social inclusion with a better strengthening of the relationship based on fear of failure and resilience. The study provides some useful academic insights and offers some practical suggestions for improving policy aimed at using women micro-entrepreneurship as a strategy for social inclusion.
Journal: Journal of African Business
Pages: 77-94
Issue: 1
Volume: 24
Year: 2023
Month: 01
X-DOI: 10.1080/15228916.2022.2026099
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2026099
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# input file: WJAB_A_2042079_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Joseph Dery Nyeadi
Author-X-Name-First: Joseph Dery
Author-X-Name-Last: Nyeadi
Title: Foreign Direct Investment and Firm Value: Evidence from Selected Countries in Sub-Saharan Africa
Abstract: 
 The study investigates empirically the impact of foreign direct investment inflows to firms on firm value in South Africa, Nigeria and Ghana using listed firms. In order to control for any possible endogenity problems in the model, the study adopts a robust System Generalized Method of Moments to investigate the relationship between Foreign Direct Investment (FDI) and firm value (measured using Tobin’s Q and ROA) from the period of 2008 to 2019. From the findings, it is established that FDI has a positive significant impact on firm value in all the three countries (South Africa, Nigeria and Ghana). This positive relationship between FDI and firm value in the selected countries can be attributed to; technological transfer, managerial transfer, innovation transfer and skills transfer in favor of the host firms through inflows of FDI. This study does not only serve as a reference work for subsequent investigations into the impact of FDI on firm value in Sub-Saharan Africa, but it also serves as a guide to policy makers on the impact of FDI inflows to firm value in the region. It is one of the pioneering works that comprehensively examines the effect of FDI inflow on firm value among firms in Sub-Saharan African and also controls for endogeneity effects in the panel set.
Journal: Journal of African Business
Pages: 260-279
Issue: 2
Volume: 24
Year: 2023
Month: 04
X-DOI: 10.1080/15228916.2022.2042079
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2042079
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# input file: WJAB_A_2078933_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Jonathan Mukiza Peter Kansheba
Author-X-Name-First: Jonathan Mukiza Peter
Author-X-Name-Last: Kansheba
Author-Name: Mutaju Isaack Marobhe
Author-X-Name-First: Mutaju Isaack
Author-X-Name-Last: Marobhe
Author-Name: Andreas Erich Wald
Author-X-Name-First: Andreas Erich
Author-X-Name-Last: Wald
Title: Cushioning the Covid-19 Economic Consequences on Entrepreneurial Ecosystems: The Role of Stakeholders` Engagement, Collaboration, and Support
Abstract: 
 The Covid-19 (corona virus) disruptions have necessitated a new way of thinking about how entrepreneurship and its environments (ecosystems) function in times of heightened uncertainty. Based on a sample of 237 entrepreneurial ecosystem (EE) stakeholders in Tanzania – an emerging economy, we examine the pandemic economic consequences steered by government countermeasures on the EE-perceived quality and performance. We further examined the role played by EE stakeholders` engagement, collaboration, and support during the crisis. Our structural equation model results suggest that strictness of government counter measures for containment of the current pandemic predicament has a bearing on EE- perceived quality and performance by fueling EE vulnerability via amplifying the magnitude of the negative effects. We further find that stakeholders` engagement and collaboration play a significant role in improving the EE-perceived quality and slowing down EE-vulnerability. We conclude by providing the implications and avenues for future research.
Journal: Journal of African Business
Pages: 214-234
Issue: 2
Volume: 24
Year: 2023
Month: 04
X-DOI: 10.1080/15228916.2022.2078933
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2078933
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# input file: WJAB_A_2042102_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Richard Adu-Gyamfi
Author-X-Name-First: Richard
Author-X-Name-Last: Adu-Gyamfi
Author-Name: John Kuada
Author-X-Name-First: John
Author-X-Name-Last: Kuada
Author-Name: Simplice A. Asongu
Author-X-Name-First: Simplice A.
Author-X-Name-Last: Asongu
Title: An Integrative Framework for Formal and Informal Entrepreneurship Research in Africa
Abstract: 
 It is a well-established practice of many Sub-Saharan African (SSA) governments to aid entrepreneurs within both the formal and informal sectors to enhance their performance and growth. Unfortunately, there is no agreed method by which governments can differentiate between entrepreneurs and target them with the appropriate promotion policies. Thus, despite the good intentions, entrepreneurship policy initiatives have been incorrectly targeted, poorly implemented, and without the desired results, since different entrepreneurs may require different forms of assistance. Some scholars have suggested that without a context-specific classificatory guide, policymakers are unlikely to be accurate in their assessment of the growth capabilities of prospective candidates for specific promotion initiatives and this can explain some of the policy failures. This observation has motivated the present paper. Our objective is to provide a framework that helps identify the different contextual dimensions influencing formal and informal enterprise creation processes in SSA.
Journal: Journal of African Business
Pages: 167-187
Issue: 2
Volume: 24
Year: 2023
Month: 04
X-DOI: 10.1080/15228916.2022.2042102
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2042102
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# input file: WJAB_A_2079275_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Hadizatou Ali
Author-X-Name-First: Hadizatou
Author-X-Name-Last: Ali
Author-Name: Jean-Pierre Gueyie
Author-X-Name-First: Jean-Pierre
Author-X-Name-Last: Gueyie
Author-Name: Elie Virgile Chrysostome
Author-X-Name-First: Elie Virgile
Author-X-Name-Last: Chrysostome
Title: Gender, Credit Risk and Performance in Sub-Saharan African Microfinance Institutions
Abstract: 
 The involvement of women in business in developing countries has become a subject of great interest for many researchers. In particular, female involvement in microfinance institutions has received special attention from governments and development institutions given its potential impact on poverty alleviation. This paper assesses the effect of gender on the credit risk and performance of microfinance institutions in sub-Saharan Africa. A sample of 43 microfinance institutions from 19 sub-Saharan African countries was selected and data was collected over the period 2010–2016. Seemingly unrelated regressions (SURs) were performed to examine how gender affects the credit risk and performance of microfinance institutions. The findings do not show any significant impact of female loan officers on credit risk, financial performance or social performance. Thus, all else being equal in the countries analyzed, female loan officers do not impact the credit risk and performance differently compared to male credit officers. The contribution of this paper is to shed light on the debate on the impact of gender on the performance of microfinance institutions.
Journal: Journal of African Business
Pages: 235-259
Issue: 2
Volume: 24
Year: 2023
Month: 04
X-DOI: 10.1080/15228916.2022.2079275
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2079275
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# input file: WJAB_A_2078938_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Wuddasie Dereje Bekele
Author-X-Name-First: Wuddasie Dereje
Author-X-Name-Last: Bekele
Title: Determinants of Financial Inclusion: A Comparative Study of Kenya and Ethiopia
Abstract: 
 This study conducts a comparative analysis of the factors affecting financial inclusion in Kenya and Ethiopia at macro and micro levels. A generalized linear model is used to examine the determinants of and barriers to financial inclusion using the 2017 Global Findex Database, whereas a descriptive analysis is used to explore their macro-level differences. Kenya has a higher level of financial inclusion than Ethiopia. Differences in financial liberalization policy, gross domestic product, percentage of rural population, and mobile money service expansion are some macro-level differences that explain this variation. Differences in literacy rates and means of receiving payments such as government transfers explain some of the micro-level variations between the two countries. In addition, gender, age, employment status, and owning a mobile phone have significant and positive effects on financial inclusion. However, lack of documentation, lack of trust, and lack of money are significant barriers to financial inclusion.
Journal: Journal of African Business
Pages: 301-319
Issue: 2
Volume: 24
Year: 2023
Month: 04
X-DOI: 10.1080/15228916.2022.2078938
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2078938
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# input file: WJAB_A_2079871_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Balla Doucouré
Author-X-Name-First: Balla
Author-X-Name-Last: Doucouré
Author-Name: Assane Diagne
Author-X-Name-First: Assane
Author-X-Name-Last: Diagne
Title: Market Orientation, Innovativeness and Competitive Advantage: Empirical Insight from Women Entrepreneurs in the Senegalese agri-food Sector
Abstract: 
 The main purpose of this study is to investigate whether market orientation interacts with innovativeness to generate a dynamic capability that procures sustainable competitive advantage drawing on the resource-based theory and the dynamic-capabilities perspective. The structural equation modeling was established to explain the complex relationship between market orientation, innovativeness, and competitive advantage. To test the hypothesis, this study used partial least square with data from a survey of 105 women entrepreneurs. The results show that market orientation influences competitive advantage only when it is bundled together with innovativeness as an internal complementary resource.
Journal: Journal of African Business
Pages: 320-344
Issue: 2
Volume: 24
Year: 2023
Month: 04
X-DOI: 10.1080/15228916.2022.2079871
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2079871
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# input file: WJAB_A_2048513_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Gladys Torres-Baumgarten
Author-X-Name-First: Gladys
Author-X-Name-Last: Torres-Baumgarten
Author-Name: Thierry Rakotobe-Joel
Author-X-Name-First: Thierry
Author-X-Name-Last: Rakotobe-Joel
Title: Sustainability Discourse in Emerging Market multinationals: The Case of South Africa’s Largest Firms
Abstract: 
 Despite the crucial role that multinational enterprises (MNEs) can play in advancing sustainability, progress toward meeting the United Nations’ Agenda for Sustainable Development by 2030 has been slow. MNEs are partly responsible, and even though they recognize that they are part of a larger social, economic and ecological ecosystem, and that sustainability can enhance their long-term growth and viability, they have been slow to embrace it. The sustainability and MNE literature initially focused on the sustainability priorities found in developed market multinational enterprises (or DMNEs). Increasingly, “home-grown” (or indigenous) multinationals from emerging market regions have garnered more attention but research on sustainability in the emerging market context is still lagging, despite the fact that emerging markets – and its businesses – have potentially much to gain from embracing sustainability. This paper examines the sustainability discourse in South Africa and identifies the sustainability priorities of its largest indigenous firms. The sustainability reports of South Africa’s largest public firms in 2019 were analyzed using Centering Resonance Analysis (CRA). Results indicate that South African MNEs focus on business and societal aspects of sustainability, more so than on environmental protection initiatives. This finding likely reflects: 1) South Africa’s context and its sustainability priorities, 2) a diverse sectoral sample, 3) geographic dispersion of South African MNE subsidiaries (presence in other emerging, developed or developing markets with different sustainability priorities by market profile), or 4) a combination of these factors.
Journal: Journal of African Business
Pages: 188-213
Issue: 2
Volume: 24
Year: 2023
Month: 04
X-DOI: 10.1080/15228916.2022.2048513
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2048513
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# input file: WJAB_A_2072112_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Nina Kupzig
Author-X-Name-First: Nina
Author-X-Name-Last: Kupzig
Title: Power Outages, Firm Productivity, and Generator Ownership in East Africa
Abstract: 
 Unreliable electricity supply is a widespread problem in developing countries. This paper examines the impact of power outages on firm productivity in East Africa, considering the effect of generator ownership in general and during blackouts. The results show large negative effects of power outages on productivity and a mitigating effect of self-generating during power outages of approximately the same size. However, self-generation is also found to generally reduce productivity due to the idle capital effect of unused generators during blackout-free times. This finding highlights that self-generation is only profitable for firms if the experienced power outages are severe enough.
Journal: Journal of African Business
Pages: 280-300
Issue: 2
Volume: 24
Year: 2023
Month: 04
X-DOI: 10.1080/15228916.2022.2072112
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2072112
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# input file: WJAB_A_2069418_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Nkosivile Welcome Madinga
Author-X-Name-First: Nkosivile Welcome
Author-X-Name-Last: Madinga
Author-Name: James Lappeman
Author-X-Name-First: James
Author-X-Name-Last: Lappeman
Title: Social Media Sentiment Analysis: Online versus ‘Brick and Mortar’ Retailers in South Africa
Abstract: 
 This study provides an analysis of consumers sentiment regarding online and ‘brick and mortar’ retailers in South Africa. The research provides insight into consumer online conversation by examining views as expressed about retailers from 15417 mentions on Twitter, Facebook, and Instagram. The results indicate that customer service, shopping portals, vouchers/coupons, stock availability, deliveries, and jobs were the top issues discussed about online retailers. Brick and mortar retailers, however, showed conversational the themes of store cards, vouchers, customer service, jobs/staff, stock availability, and in-store experience. As eRetailing grows in momentum in Africa, this study provides a foundation for understanding consumer sentiment and comparing the different retail formats.
Journal: Journal of African Business
Pages: 345-362
Issue: 2
Volume: 24
Year: 2023
Month: 04
X-DOI: 10.1080/15228916.2022.2069418
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2069418
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# input file: WJAB_A_2112487_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Lucy Simani Wamalwa
Author-X-Name-First: Lucy Simani
Author-X-Name-Last: Wamalwa
Title: Transactional and Transformational Leadership Styles, Sensing, Seizing, and Configuration Dynamic Capabilities in Kenyan Firms
Abstract: 
 Leaders play a vital role in the development of dynamic capabilities. However, the effects of leadership styles on firms’ dynamic capabilities have not been fully explored, with relatively few studies examining the relationship between leadership and dynamic capabilities. This research examined the influence of transformational and transactional leadership styles on dynamic capabilities. Using data from 279 Kenyan firms. Data analysis was done using hierarchical linear regression model. The finding shows that transformational and transactional leadership styles influence the development of organizational dynamic capabilities. While the transformational leadership style leads to the development of sensing, seizing, and configuration capabilities, transactional leaders do not affect the development of sensing dynamic capabilities. However, they have significant effects on seizing and configuration capabilities development. This study develops knowledge that enables leaders, scholars and practitioners to understand how to use different leadership styles to pursue or develop different dynamic capabilities.
Journal: Journal of African Business
Pages: 444-466
Issue: 3
Volume: 24
Year: 2023
Month: 07
X-DOI: 10.1080/15228916.2022.2112487
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# input file: WJAB_A_2100745_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Edward M. Mungai
Author-X-Name-First: Edward M.
Author-X-Name-Last: Mungai
Author-Name: S. Wagura Ndiritu
Author-X-Name-First: S. Wagura
Author-X-Name-Last: Ndiritu
Author-Name: Tazeeb Rajwani
Author-X-Name-First: Tazeeb
Author-X-Name-Last: Rajwani
Title: Environmental Dilemma? Explicating Stakeholder Engagement in Kenyan Firms
Abstract: 
 Stakeholder pressure is among the pathways through which firms are being prodded to adopt environmental management practices. Owing to research paucity from the context of developing countries and overall inconclusiveness, this research investigates whether mimetic, normative, and coercive pressures (which encompass stakeholder pressure) sway firms into adopting resource management and energy efficiency. An analysis of data from 852 firms in Kenya using a simple probit model, suggests that all the three types of stakeholder pressure positively influenced corporate resource management and energy efficiency. This augments our postulations on both stakeholder and neo-institutional theories. Based on these findings, it is plausible to view stakeholders as critical ‘tools’ that can foster corporate sustainability initiatives in developing countries.
Journal: Journal of African Business
Pages: 404-426
Issue: 3
Volume: 24
Year: 2023
Month: 07
X-DOI: 10.1080/15228916.2022.2100745
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2100745
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# input file: WJAB_A_2113209_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Samuel Amponsah Odei
Author-X-Name-First: Samuel Amponsah
Author-X-Name-Last: Odei
Author-Name: Michael Amponsah Odei
Author-X-Name-First: Michael Amponsah
Author-X-Name-Last: Odei
Author-Name: Evelyn Toseafa
Author-X-Name-First: Evelyn
Author-X-Name-Last: Toseafa
Title: Determinants of Technological and non-technological Innovations: Evidence from Ghana’ Manufacturing and Service Sectors
Abstract: 
 This paper aims at investigating the various factors driving technological and non-technological innovations in the manufacturing and service sectors in Ghana. We argue that numerous previous studies have shown that digitalization, firms’ collaborations, access to finance, engaging in research and development and certain firm characteristic such as age, size and ownership influence firms’ aptitude and incentives to be innovative. However, in the context of developing countries like Ghana, we do not know whether these same determinants also have positive effects on stimulating innovations at the firm-level. Using a sample of 549 firms sourced from the World Bank Enterprises Survey conducted between 2007 and 2013, this study finds that the adoption of digitalization promotes non-technological (organizational) innovations than technological innovations. We also find that firms’ innovation collaboration with consultants and universities rather exert no impact on technological and non-technological innovations. Our finding show that internal R&D enhance technological innovations and not non-technological innovations. The main practical implications of the study are that attempts to boosting firm-level and developing countries innovation potentials should mainly focus on improving internal R&D and innovation support activities, expanding access to finance, and upgrading Information and Communication Technology (ICT) infrastructure to enhance digitalization.
Journal: Journal of African Business
Pages: 467-490
Issue: 3
Volume: 24
Year: 2023
Month: 07
X-DOI: 10.1080/15228916.2022.2113209
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2113209
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# input file: WJAB_A_2087443_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Joseph Ato Forson
Author-X-Name-First: Joseph Ato
Author-X-Name-Last: Forson
Author-Name: Awaisu Imurana Braimah
Author-X-Name-First: Awaisu Imurana
Author-X-Name-Last: Braimah
Author-Name: Samuel Kofi Asiamah
Author-X-Name-First: Samuel Kofi
Author-X-Name-Last: Asiamah
Author-Name: Raphael Kuranchie-Pong
Author-X-Name-First: Raphael
Author-X-Name-Last: Kuranchie-Pong
Author-Name: Edward Daniels
Author-X-Name-First: Edward
Author-X-Name-Last: Daniels
Author-Name: Samuel Evergreen Adjavon
Author-X-Name-First: Samuel Evergreen
Author-X-Name-Last: Adjavon
Title: Banking Supervision and Nonperforming Loans in Africa: Does Institutional Quality Matter in the Ghanaian Banking Space?
Abstract: 
 In this paper, we reexamine the determinants of nonperforming loans through the impact of supervisory devices in credit risk management in Africa. The paper employs bank-specific, macroeconomic and institutional data for a panel of 14 universal banks over the period 2009 to 2020. We develop models that capture the role of regulatory supervision on credit risk. Findings from the Panels Corrected Standard Errors (PCSE) and the system GMM shows that previous year’s NPL and inflation significantly affect NPLs in the banking space of Gana. Bank size and financial development are inversely associated with NPLs. The interactive term of regulatory quality and government effectiveness on NPLs has net negative effect. This suggest that regulatory quality enhances the reductive effects of government effectiveness on NPLs. Our findings in general lends credence to the financial instability theory as NPLs in the Ghanaian context has been the outcome of activities of speculative borrowers.
Journal: Journal of African Business
Pages: 384-403
Issue: 3
Volume: 24
Year: 2023
Month: 07
X-DOI: 10.1080/15228916.2022.2087443
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2087443
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# input file: WJAB_A_2117925_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Dennis Boahene Osei
Author-X-Name-First: Dennis Boahene
Author-X-Name-Last: Osei
Author-Name: Imhotep Paul Alagidede
Author-X-Name-First: Imhotep Paul
Author-X-Name-Last: Alagidede
Title: Exploring the Giving Strategies, Opportunities, and Challenges of Corporate Foundations in Ghana
Abstract: 
 While studies on corporate philanthropy have blossomed in recent times, little is known empirically about its practice formalized through foundations. Drawing on semi-structured interviews with seven corporate foundations, this paper explored the giving strategies, opportunities, and challenges of corporate foundations in Ghana. Our findings based on thematic analysis revealed that corporate foundations rely on a combination of strategies (request, media-lead, adoption, and contest) to identify potential beneficiaries and implement their giving programs. Further evidence indicates that giving of corporate foundations presents opportunities to the foundations themselves (serve society, get partnership offers from other companies, and obtain goodwill from the public) and their parent companies (indirect business and advertising opportunities). Nonetheless, corporate foundation giving is constrained by insufficient funding, lack of support from stakeholders, managing expectations of individuals, poor maintenance culture, and cultural rites. The findings have implications for practitioners as it present insights that could serve as a model to guide new entrants into the corporate foundation landscape of developing economies. In addition, the findings could assist the development of government interventions necessary to foster more formalized corporate giving.
Journal: Journal of African Business
Pages: 491-508
Issue: 3
Volume: 24
Year: 2023
Month: 07
X-DOI: 10.1080/15228916.2022.2117925
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2117925
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# input file: WJAB_A_2107317_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Louis Numelio Tettey
Author-X-Name-First: Louis Numelio
Author-X-Name-Last: Tettey
Author-Name: Oliver Kwabena Aggrey
Author-X-Name-First: Oliver Kwabena
Author-X-Name-Last: Aggrey
Author-Name: George Acheampong
Author-X-Name-First: George
Author-X-Name-Last: Acheampong
Title: Relationship Marketing and Customer Loyalty in Ghana’s Informal Economy: Does Customer Perceived Value Matter?
Abstract: 
 In this study, we seek to understand the role of relationship marketing in achieving customer loyalty in Ghana’s informal economy. The study further investigated the role of customer perceived value as a pass-through mechanism for the relationship between relationship marketing and customer loyalty. We collected primary data from 229 customers of informal economy operators in Accra. The data was then analyzed using structural equation modeling utilizing the STATA 15 Package. Our findings indicate that commitment is the only fundamental relationship marketing factor investigated that has a direct influence on customer loyalty in the informal business context. Trust and conflict handling on the other hand benefit significantly from the presence of customer perceived value whereas communication seems to have negligible effects. Consequently, scholars and marketing practitioners seeking to deploy the relationship marketing concept in the informal economy need to be aware of these contextual interplays and how they shape further discussions of the relationship marketing theory.
Journal: Journal of African Business
Pages: 427-443
Issue: 3
Volume: 24
Year: 2023
Month: 07
X-DOI: 10.1080/15228916.2022.2107317
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2107317
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# input file: WJAB_A_2087442_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Agu, Godswill Agu
Author-X-Name-First: Agu, Godswill
Author-X-Name-Last: Agu
Title: Recovery Strategies of a Micro Restaurant in Nigeria: Implications on Customer Satisfaction and Loyalty
Abstract: 
 Given the increasing lucrativeness and competitiveness of the restaurant industry in Nigeria, a number of micro operators have emerged, and many operate within a defined market such as university environments. Knowing the service failure and recovery strategies applicable to this set of restaurants is necessary in building customer satisfaction and loyalty after failure encounters. Since this knowledge is currently lacking in the literature, this study anchors on the justice theory to close the gap. First, an exploratory research helped to identify common service failures and recovery strategies in micro restaurants. Thereafter, a survey involving a purposive sample of 140 customers of a micro-restaurant was conducted and collected data assessed with Hierarchical Multiple Regression Analysis in SPSS 23.0. Findings indicate that the service recovery strategies significantly influence customer satisfaction and loyalty, with ‘sincere apology’ having the highest influence. Besides, failure severity was found to mediate the relationship between service recovery strategies and customer satisfaction/loyalty.
Journal: Journal of African Business
Pages: 363-383
Issue: 3
Volume: 24
Year: 2023
Month: 07
X-DOI: 10.1080/15228916.2022.2087442
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2087442
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# input file: WJAB_A_2131031_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: William Phanuel Kofi Darbi
Author-X-Name-First: William Phanuel Kofi
Author-X-Name-Last: Darbi
Author-Name: Charles Agyei
Author-X-Name-First: Charles
Author-X-Name-Last: Agyei
Title: Toward a Bourdieusian Perspective on the Tribe and Organisations
Abstract: 
 The article aims to contribute to the under-developed research on pro-tribal behavior in organizations, by building on existing studies that focus either on economic or non-economic motivations and drivers of pro-tribal behavior at either individual, organizational, or societal levels of analysis. Drawing on Bourdieu’s social practice theory, we show how a multiplicity of drivers and motivations for pro-tribal behavior in the organization could emerge, interrelate and evolve by offering a new perspective that account for the interplay between economic and non-economic motivations; agency and structurally constrained aspects of human action; and the multiple levels of influences on pro-tribal behavior that extant studies have yet to fully explicate.
Journal: Journal of African Business
Pages: 509-528
Issue: 3
Volume: 24
Year: 2023
Month: 07
X-DOI: 10.1080/15228916.2022.2131031
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2131031
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# input file: WJAB_A_2165894_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Benjamin R Tukamuhabwa
Author-X-Name-First: Benjamin R
Author-X-Name-Last: Tukamuhabwa
Title: Supply Chain Orientation and Supply Chain Risk Management Capabilities: Mechanisms for Supply Chain Performance of Agro-Food Processing Firms in Uganda
Abstract: 
 Today’s agro-food supply chains have become increasingly complex and vulnerable to risks, which affect their performance. Nevertheless, research on agro-food supply chain performance (SCP) is reportedly limited. And the mechanism through which supply chain orientation (SCO) builds SCP, especially in developing economies is less understood. Therefore, this paper explores the relationship between SCO and SCP, and incorporates the mediating role of supply chain risk management (SCRM) capabilities. Cross-sectional survey data collected from 247 agro-food processing firms in Uganda are analyzed by using Partial Least Square Structural Equation Modeling. The findings reveal that SCO positively and significantly influences both SCP and SCRM capabilities. Furthermore, SCRM capabilities partially mediate in the relationship between SCO and SCP. The novelty of this research is twofold: First, it establishes the relationship between SCO and SCP in a unique context of agro-food processing firms in a developing country. Second, it reveals the partial mediating role of SCRM capabilities, thereby addressing the gap of the need to explore the mechanisms through which SCO influences SCP. The fundamental implication of the study findings for practicing managers and other relevant stakeholders in agro-food processing firms in Uganda and other contextually similar economies is that, a focus on SCO can improve SCP, but it is important to further emphasize building SCRM capabilities as mechanisms for maximizing the overall SCP.
Journal: Journal of African Business
Pages: 649-672
Issue: 4
Volume: 24
Year: 2023
Month: 10
X-DOI: 10.1080/15228916.2023.2165894
File-URL: http://hdl.handle.net/10.1080/15228916.2023.2165894
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# input file: WJAB_A_2135942_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Selen Savas-Hall
Author-X-Name-First: Selen
Author-X-Name-Last: Savas-Hall
Author-Name: Justin R. Hall
Author-X-Name-First: Justin R.
Author-X-Name-Last: Hall
Author-Name: George Gresham
Author-X-Name-First: George
Author-X-Name-Last: Gresham
Title: Bottom of the Pyramid (Bop) Younger Consumers’ Perspective of Service Industries: A Qualitative Exploration of Nigeria
Abstract: 
 Although BOP markets have gained the attention of academicians and practitioners in recent years, there has been little focus on the younger generations’ perspective, especially in Africa, on the felt/unfelt change in their markets. This study follows a qualitative approach by conducting in-depth interviews with Generation Z consumers to better understand the recent advancements and challenges in service industries of one of the biggest BOP markets – Nigeria. This study suggests that the use of technology and investments in Nigeria have improved its service industries; however, six main challenges still exist, including inequality, unemployment, institutional weaknesses, lack of infrastructure, lack of trust and lack of safety. We contributed to 4As market framework by examining how these six main challenges directly impact awareness, access, availability, and affordability in service industries in Nigeria. This research also suggests that the uniqueness of BOP markets should be considered when customizing strategies, and that practitioners should reexamine their current efforts in BOP markets to become more effective and efficient with their innovations. We also aim to provide insights on various research ideas that academicians could further develop.
Journal: Journal of African Business
Pages: 580-596
Issue: 4
Volume: 24
Year: 2023
Month: 10
X-DOI: 10.1080/15228916.2022.2135942
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2135942
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# input file: WJAB_A_2135941_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Anis El Ammari
Author-X-Name-First: Anis
Author-X-Name-Last: El Ammari
Author-Name: Chokri Terzi
Author-X-Name-First: Chokri
Author-X-Name-Last: Terzi
Title: Causal Nexus Between Ownership Structure, Dividend Policy and Financial Performance: A Bootstrap Panel Granger non-causality Analysis
Abstract: 
 Regarding the causality nexus between the various dimensions of corporate governance (ownership structure, dividend policy) and financial performance (return on equity, return on assets, Tobin’s Q), the empirical results are mixed. Therefore, this study tries to examine the existence and the direction of causal relationship between these major indicators in an emerging economy, namely Tunisia for a sample of 375 firm-years observations during the period 1996–2020. This study applies a bootstrap panel Granger non-causality test which takes into account cross-sectional dependence and slope heterogeneity issues. Results show the existence of both unidirectional and bidirectional significant causal link between the pair of used variables. Overall, when comparing between Kónya and Dumitrescu and Hurlin approaches, the findings highlight and confirm the convergence of the direction of causality between all variables used in this study.
Journal: Journal of African Business
Pages: 562-579
Issue: 4
Volume: 24
Year: 2023
Month: 10
X-DOI: 10.1080/15228916.2022.2135941
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2135941
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# input file: WJAB_A_2126591_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Imen Khelil
Author-X-Name-First: Imen
Author-X-Name-Last: Khelil
Author-Name: Achraf Guidara
Author-X-Name-First: Achraf
Author-X-Name-Last: Guidara
Author-Name: Hichem Khlif
Author-X-Name-First: Hichem
Author-X-Name-Last: Khlif
Title: Ethical Behavior of Firms and Foreign Direct Investments in African Settings: The Moderating Effect of Judicial Independence
Abstract: 
 This paper examines the relationship between ethical behavior of firms and foreign direct investments in African countries and tests whether the judicial independence moderates this association. The sample includes 108 country-year observations over a period of 2014–2017. Findings show that the ethical behavior of firms is positively associated with foreign direct investment. Similarly, judicial independence has a positive and significant effect on the same variable. When testing for the moderating effects of judicial independence, the association between ethical behavior of firms and foreign direct investment remains positive and significant for high judicial independence sub-sample, while it becomes insignificant for countries characterized by low judicial independence. The findings highlight the importance of business ethics in attracting foreign direct investment inflows in African countries. It also emphasizes the need to consider the role played by high judicial independence in strengthening this association. These results signal to policy makers in African countries the importance of adopting enforcing rules obliging firms to act ethically and strengthening judicial independence.
Journal: Journal of African Business
Pages: 546-561
Issue: 4
Volume: 24
Year: 2023
Month: 10
X-DOI: 10.1080/15228916.2022.2126591
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2126591
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# input file: WJAB_A_2164413_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Abena A. Yeboah-Banin
Author-X-Name-First: Abena A.
Author-X-Name-Last: Yeboah-Banin
Title: Does Language Matter When Advertising to Africa’s Multilingual Audience? An ELM Study of Audience Language Preference and Responses
Abstract: 
 Choosing the most effective language is critical when advertising to multilingual audiences as the success of any advertising campaign depends on whether the audience “gets” the message. This paper argues that in Africa, “getting the message” is partly dependent on language given that indigenous languages, colonial legacy languages and blends between them compete for audience attention. Using Elaboration Likelihood Model (ELM) arguments, the study examines this possibility among a 1000 multilingual audience members in five cosmopolitan cities in Ghana. Findings show that advertisements are not consumed in a language vacuum and that language blends are the most appealing to the multilingual audience. The study also finds that attention to, and belief in advertisements are partly shaped by language preference. Besides these empirical contributions, the study positions the ELM as a viable theoretical lens for analyzing the implications of advertising language. Its use of an African sample to test the ELM’s assumptions also introduces novel evidence to the theory’s body of scholarship. Recommendations are made on how advertising practitioners and brand communicators may take advantage of language as an important segmentation criterion in advertising strategy.
Journal: Journal of African Business
Pages: 632-648
Issue: 4
Volume: 24
Year: 2023
Month: 10
X-DOI: 10.1080/15228916.2022.2164413
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2164413
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# input file: WJAB_A_2141865_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Akinyele Okeremi
Author-X-Name-First: Akinyele
Author-X-Name-Last: Okeremi
Author-Name: Livingstone Divine Caesar
Author-X-Name-First: Livingstone Divine
Author-X-Name-Last: Caesar
Title: Successful IT Entrepreneurship in Nigeria: The Contingent Role of Mentorship
Abstract: 
 This paper principally explores the determinants of successful information technology entrepreneurship in Nigeria’s IT sector. It further examines the moderating effect of mentorship (either by an IT practitioner or a non-IT practitioner) in the correlation between the independent variables of interest and dependent variable. Literature from the developed markets underscores a positive relationship between training and successful entrepreneurship. However, such relationship is seldom explored within the context of developing markets such as Nigeria. Thus, this paper explores the impact of specific factors such as IT-focused entrepreneurial training, being born by entrepreneur parents, business school training, faith in a supernatural and mentorship on IT entrepreneurial success A quantitative research design involving a web-based survey was used to collect data among 297 participants. All collected data were screened and analyzed using binary logistic regression and Exploratory Factor Analysis. The results showed that IT entrepreneurs who are born by entrepreneur parents are more likely to succeed than those without such family backgrounds. Also, the attendance of a business school is a significant predictive factor for IT entrepreneurial success in Nigeria. Surprisingly, no significant correlation exists between formal education in the IT field and IT entrepreneurial success. Further, no significant moderating effect of mentorship was present. This implies that IT entrepreneurs in Nigeria need to harness the benefits of entrepreneurial family background and business school education to sustainably grow their businesses and become successful. Also, committed federal government backing is needed to introduce innovative entrepreneurial initiatives to improve competence among IT entrepreneurs in Nigeria. General business/management training is needed besides conventional IT training as the former is a better predictor of success among IT entrepreneurs. Finally, trainings need to focus on building competencies for relationship management to aid access to resources for innovation and growth. Future studies should consider a qualitative approach to investigating the mediating impact of mentorship on IT entrepreneurship success in Nigeria.
Journal: Journal of African Business
Pages: 597-631
Issue: 4
Volume: 24
Year: 2023
Month: 10
X-DOI: 10.1080/15228916.2022.2141865
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2141865
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# input file: WJAB_A_2165897_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Cynthia Michaela Quaicoo
Author-X-Name-First: Cynthia
Author-X-Name-Last: Michaela Quaicoo
Author-Name: Richard Kwasi Bannor
Author-X-Name-First: Richard
Author-X-Name-Last: Kwasi Bannor
Title: Examining the Impact of the Separation of Ownership from Management on the Performance of Small and Medium Poultry Agribusinesses in Ghana
Abstract: 
 This study aimed to examine the relationship between the Separation of Ownership and Management (SOM) and the performance of poultry farms in Ghana. Binary Probit regression was used to examine the factors influencing SOM and the owner’s willingness to separate management from ownership. The Propensity Score Matching (PSM) model and Instrumental Variable Tobit Regression were used to analyze the impact of SOM on financial and non-financial performances. The results revealed that most farms studied had separate ownership and management roles, but owners still exerted the same amount of control over farm operations. SOM was determined to significantly impact the financial performance variable of total assets but did not impact total sales revenue and non-financial performance variables of employee satisfaction or corporate social responsibility. Owner’s demographics, perception and control variables, and farm characteristics have varying influences on the separation of ownership and management and the willingness to undertake the same.
Journal: Journal of African Business
Pages: 673-699
Issue: 4
Volume: 24
Year: 2023
Month: 10
X-DOI: 10.1080/15228916.2023.2165897
File-URL: http://hdl.handle.net/10.1080/15228916.2023.2165897
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# input file: WJAB_A_2119015_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Kaviraj Bangarigadu
Author-X-Name-First: Kaviraj
Author-X-Name-Last: Bangarigadu
Author-Name: Robin Nunkoo
Author-X-Name-First: Robin
Author-X-Name-Last: Nunkoo
Title: A Success versus Failure Prediction Model for Small Firms
Abstract: 
 Understanding the reasons behind the success and failure of SMEs is an important research endeavor. This study develops a success versus prediction model for small and medium enterprises (SMEs). Data were collected from SMEs in Mauritius. Both models were found to be valid and reliable and had good prediction accuracies. The full model, however, was found to have a slight advantage over the reduced model. Capital, financial record keeping and control, management experience, business planning and use of professional advisors were significant predictors SMEs’ success. The theoretical implications of the findings are discussed. The study also provides practical implications for stakeholders.
Journal: Journal of African Business
Pages: 529-545
Issue: 4
Volume: 24
Year: 2023
Month: 10
X-DOI: 10.1080/15228916.2022.2119015
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2119015
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# input file: WJAB_A_2069434_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857
Author-Name: Sombo Muzata
Author-X-Name-First: Sombo
Author-X-Name-Last: Muzata
Title: Motivations for Entrepreneurship: New Evidence from Tertiary-level Educated Sub-Saharan African Women
Abstract: 
 Despite the evidence that women in Sub-Saharan Africa become entrepreneurs faster than any other group globally, more studies are needed to understand the motivation(s) for their decision to pursue entrepreneurship. This paper aims to contribute to research on what motivates Sub-Saharan African women to become entrepreneurs. A case study approach was utilized to understand the experiences of 20 women entrepreneurs from Sub-Saharan African countries of the Democratic Republic of the Congo (DR Congo), Ghana, Nigeria, Zambia, and Zimbabwe. All the study participants had tertiary-level education and left their corporate careers to pursue entrepreneurship. Pull and opportunity factors were the main factors that motivated the women interviewed to become entrepreneurs. Push and necessity factors accounted for a few cases. The level of education did not dictate the pull and opportunity factors of motivation. These findings are important because previous studies have stereotyped Sub-Sahara African women entrepreneurs with the generalization that they are motivated to become entrepreneurs by push and necessity factors and are often uneducated and on the fringe of economic activity. The paper makes specific policy recommendations for harnessing motivations and linking them to broader economic development goals.
Journal: Journal of African Business
Pages: 37-67
Issue: 1
Volume: 25
Year: 2024
Month: 01
X-DOI: 10.1080/15228916.2022.2069434
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2069434
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# input file: WJAB_A_2069430_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857
Author-Name: Natanya Meyer
Author-X-Name-First: Natanya
Author-X-Name-Last: Meyer
Title: Factors Leading to South African Female Entrepreneurs’ Endurance to Remain in Business
Abstract: 
 Entrepreneurship has become a primary driver of economic growth, innovation, and development. This is specifically relevant for developing countries where poverty and high unemployment rates are prevalent. This study’s primary objective focuses on understanding and predicting factors that motivate female entrepreneurs to remain in and ultimately grow their businesses. A quantitative research approach was utilized following a descriptive, single-sample cross-sectional design. A structured questionnaire was used to collect data from 510 South African female entrepreneurs. The data were analyzed using various statistical methods such as descriptive, correlation, and canonical correlation analyses. The core findings of this study suggest that South African female entrepreneurs’ have fervent intentions not only to remain active entrepreneurs but to pursue business growth with a tenacious attitude toward business success, despite operating in a challenging environment. By ascertaining the various factors contributing to most female entrepreneurs’ choice to remain in business, it may provide an impetus to develop appropriate policies to encourage female empowerment, job creation, and business development. These policies could provide significant assistance that allows females to remain in business and increase their growth potential, leading to more significant economic growth.
Journal: Journal of African Business
Pages: 68-93
Issue: 1
Volume: 25
Year: 2024
Month: 01
X-DOI: 10.1080/15228916.2022.2069430
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2069430
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# input file: WJAB_A_2070387_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857
Author-Name: Akouvi Gadedjisso-Tossou
Author-X-Name-First: Akouvi
Author-X-Name-Last: Gadedjisso-Tossou
Author-Name: Jean-Pierre Gueyie
Author-X-Name-First: Jean-Pierre
Author-X-Name-Last: Gueyie
Author-Name: Mawuli Kodjovi Couchoro
Author-X-Name-First: Mawuli Kodjovi
Author-X-Name-Last: Couchoro
Title: Female Managers, Informal Enterprises, and Their Perceived Financial Performance in Togo
Abstract: 
 This paper examines the determinants of financial performance as perceived by Togolese female managers operating in the informal sector. The analysis is conducted using the partial least squares methodology based on data collected from 208 female-managed enterprises throughout Togo. The results indicate that business environment constraints, stereotypes toward females’ managerial abilities, female entrepreneur’s risk appetite, and being part of a network are associated positively and significantly with perceived financial performance, while difficult access to finance and cultural factors influence it negatively and significantly. Furthermore, the age of the enterprise is a significant determinant of the perceived financial performance. The positive effect of the business environment constraints is contrary to our expectations. This may be explained by the number of enterprises operating informally.
Journal: Journal of African Business
Pages: 115-141
Issue: 1
Volume: 25
Year: 2024
Month: 01
X-DOI: 10.1080/15228916.2022.2070387
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2070387
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# input file: WJAB_A_2278009_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857
Author-Name: Elie Virgile Chrysostome
Author-X-Name-First: Elie Virgile
Author-X-Name-Last: Chrysostome
Author-Name: Helena Barnard
Author-X-Name-First: Helena
Author-X-Name-Last: Barnard
Author-Name: Lavagnon Ika
Author-X-Name-First: Lavagnon
Author-X-Name-Last: Ika
Title: Examining Underexplored Aspects of Female Entrepreneurship in the African Context
Journal: Journal of African Business
Pages: 1-8
Issue: 1
Volume: 25
Year: 2024
Month: 01
X-DOI: 10.1080/15228916.2023.2278009
File-URL: http://hdl.handle.net/10.1080/15228916.2023.2278009
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# input file: WJAB_A_2053400_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857
Author-Name: Rabia Naguib
Author-X-Name-First: Rabia
Author-X-Name-Last: Naguib
Title: Motivations and Barriers to Female Entrepreneurship: Insights from Morocco
Abstract: 
 Entrepreneurship is a complex, multidimensional phenomenon that is associated with value creation and considered a driver of economic development. While Africa exhibits a strong upsurge in the number of women entrepreneurs, the continent is still struggling in terms of gender equality and women’s empowerment. The region is entrepreneurially disadvantaged, with a low degree of female participation in this field and a large gender gap in favor of men. Therefore, this paper aims to present original insights into female entrepreneurship from the context of Morocco, exploring the motivations and barriers to women entrepreneurs in the service sector. It adopts a multi-level integrative framework and combines feminist and institutional theory to capture the agency and enabling factors along with institutional regulative and normative constraints associated with female entrepreneurship. The paper adopts an interpretative qualitative research approach capitalizing on in-depth interviews with twenty women entrepreneurs in the service sector. The data is analyzed using thematic coding and identified factors are classified into micro-meso-macro levels. The findings highlight the importance of integrating multiple lens and levels of analysis to capture the complexity of the phenomenon and illustrate the imbrication and interplay of enablers and constraints and contribute theoretically and empirically to knowledge on female entrepreneurship in the North African context and a factor-driven economy through the case of Morocco.
Journal: Journal of African Business
Pages: 9-36
Issue: 1
Volume: 25
Year: 2024
Month: 01
X-DOI: 10.1080/15228916.2022.2053400
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2053400
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# input file: WJAB_A_2078937_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857
Author-Name: Julius Karl D. Fieve
Author-X-Name-First: Julius Karl D.
Author-X-Name-Last: Fieve
Author-Name: Elie Virgile Chrysostome
Author-X-Name-First: Elie Virgile
Author-X-Name-Last: Chrysostome
Title: Credit Cooperative Lending Loans as Challenges and Opportunities for Women Entrepreneurship in Africa: Evidence from Ghana
Abstract: 
 This study examined how credit cooperative loans affect women entrepreneurship. Semi-structured interviews were conducted with 14 women entrepreneurs from three Cooperative Lending groups in the Ashaiman Municipality of Ghana. We found that credit cooperative lending groups support and promote women entrepreneurship by providing their members with access to long-term interest-free credit support to start or expand their businesses. We also found that by providing their members with training and capacity-building opportunities to improve their skills for sustainable businesses and their income to pay back their loans, credit cooperative lending groups significantly contribute to women entrepreneurship. The contribution of this study is that it sheds light on how credit cooperative loans help to alleviate the difficulties that women entrepreneurs of the informal sector in Developing Countries face to have access to financial resources.
Journal: Journal of African Business
Pages: 94-114
Issue: 1
Volume: 25
Year: 2024
Month: 01
X-DOI: 10.1080/15228916.2022.2078937
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2078937
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# input file: WJAB_A_2166318_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857
Author-Name: Patrick A. Akanpaaba
Author-X-Name-First: Patrick A.
Author-X-Name-Last: Akanpaaba
Author-Name: Ahmed Agyapong
Author-X-Name-First: Ahmed
Author-X-Name-Last: Agyapong
Author-Name: Henry Kofi Mensah
Author-X-Name-First: Henry Kofi
Author-X-Name-Last: Mensah
Author-Name: Samuel Yaw Akomea
Author-X-Name-First: Samuel Yaw
Author-X-Name-Last: Akomea
Title: Does Market Orientation Lead to Firm Performance? Exploring the Mechanisms and Boundary Conditions
Abstract: 
 This study explores the mechanisms and boundary conditions that will enhance the effective transformation of the firm’s market orientation (MO) into firm market performance (PERF). We examined how MO influences PERF directly and indirectly through the firm’s new product development capability (NPDC). We also examined the indirect conditional effect of social capital (SC) on the MO-PERF relationship through the NPDC of the firm. Data from 313 managers and owners of small and medium enterprises (SMEs) in Ghana was used for the study. Data were analyzed using the conditional process analysis software PROCESS in SPSS 23.0. Findings indicate that MO has a significant influence on PERF. Further, NPDC partially mediates the relationship between MO and PERF. We also found the indirect relationship between MO and PERF to be declining at higher levels of SC. The study clarifies the divergent views of the impact of MO on performance by introducing NPDC and SC in the relationship.
Journal: Journal of African Business
Pages: 155-179
Issue: 1
Volume: 25
Year: 2024
Month: 01
X-DOI: 10.1080/15228916.2023.2166318
File-URL: http://hdl.handle.net/10.1080/15228916.2023.2166318
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# input file: WJAB_A_2064677_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857
Author-Name: Amaka Gertrude Metu
Author-X-Name-First: Amaka Gertrude
Author-X-Name-Last: Metu
Author-Name: Uche C. C. Nwogwugwu
Author-X-Name-First: Uche C. C.
Author-X-Name-Last: Nwogwugwu
Title: Challenging Factors Affecting Access to Finance by Female Micro Entrepreneurs in Anambra State, Nigeria
Abstract: 
 The objective of this study was to determine challenging factors in accessing finance by female microentrepreneurs in Anambra state, Nigeria. This study employed both qualitative and quantitative methods in data collection. Multi-stage sampling technique was adopted in selecting the sample, and the data analyzed using logit regression model based on the binary choice that describes the probability of women micro entrepreneur’s choice between two mutually exclusive alternatives (accessing or not accessing microcredit). The study identifies fear of default, lack of collaterals, inability to get guarantors and information asymmetry as main factors challenging women’s access to finance. The study recommends, among others, the need for financial education for female micro entrepreneurs.
Journal: Journal of African Business
Pages: 142-154
Issue: 1
Volume: 25
Year: 2024
Month: 01
X-DOI: 10.1080/15228916.2022.2064677
File-URL: http://hdl.handle.net/10.1080/15228916.2022.2064677
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# input file: WJAB_A_2166325_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Hamza Akorede
Author-X-Name-First: Hamza
Author-X-Name-Last: Akorede
Title: The Moderating Effect of Age and Debt on the Relationship Between Intellectual Capital and Firm Performance: A Developing Country Perspective
Abstract: 
 Intellectual capital is a significant determinant of firm performance heterogeneity. However, research into the direct relationship between this knowledge base asset and a firm’s performance has produced contradictory results. This paper uses contingency theory to argue that a firm’s age and debt are moderators in this relationship. The study sought to investigate the moderating effects of age and debt on the relationship between intellectual capital and firm performance measures from the perspective of a developing country. The study used data from the financial statements of companies listed on the Nigerian stock exchange between 2014 and 2018. According to the regression results, age and debt are significant moderators of this relationship. The findings show that older companies outperform younger companies in using intellectual capital as a performance driver. Companies with higher financial capabilities outperform companies with fewer capabilities. The study concluded with a discussion of the study’s implications, contribution, and future research directions.
Journal: Journal of African Business
Pages: 181-204
Issue: 2
Volume: 25
Year: 2024
Month: 04
X-DOI: 10.1080/15228916.2023.2166325
File-URL: http://hdl.handle.net/10.1080/15228916.2023.2166325
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# input file: WJAB_A_2213158_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Munacinga Simatele
Author-X-Name-First: Munacinga
Author-X-Name-Last: Simatele
Title: Trust as a Mediator for Continued Mobile Financial Service Use: A Case of the Eastern Cape Province of South Africa
Abstract: 
 This study investigates the assertion that the use of mobile financial services, tools that increase financial inclusion and reduce poverty, lags the adoption rate, partly due to concerns about trust in technology and mobile-finance providers. The study employs a 387-respondent survey from the Eastern Cape province of South Africa. A two-step factor-score structural equation model investigates trust as a mediating factor for perceived security, perceived benefits, perceived ease of use, age, and education. Results show that the impact of perceived ease of use and perceived benefits are amplified in a high trust environment. Trust has a complementary mediation relationship with perceived benefits and perceived ease of use. The effect of age is wholly mediated by trust, explaining the insignificance of age effects in studies of mobile finance use and adoption that do not consider mediation. Investment in user-friendly platform features can benefit overall provider performance. The importance of product design and security features is reiterated. Service providers should prioritize monitoring trust through customer surveys and educating users about the potential benefits of mobile financial services.
Journal: Journal of African Business
Pages: 330-348
Issue: 2
Volume: 25
Year: 2024
Month: 04
X-DOI: 10.1080/15228916.2023.2213158
File-URL: http://hdl.handle.net/10.1080/15228916.2023.2213158
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# input file: WJAB_A_2170860_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Kwame Adom
Author-X-Name-First: Kwame
Author-X-Name-Last: Adom
Author-Name: Benjamin Ackom
Author-X-Name-First: Benjamin
Author-X-Name-Last: Ackom
Title: Towards a Greater Understanding of the Prevalence of Immigrant Entrepreneurship in the Informal Economy of Ghana: An Institutional Theory Perspective
Abstract: 
 This study aims to explore the prevalence of immigrant entrepreneurship in Ghana's informal economy through institutional theory. Specifically, the study sought to understand how the elements of the institutional theory (norms, culture, and regulations, which form formal and informal institutions) support or discourage immigrant entrepreneurship in the Sub-Saharan African context, with insights from Ghana. It is qualitative research that adopts an in-depth face-to-face interview with 30 respondents. Analyzing the data from the interviews, the key findings are immigrants' inability to find paid jobs, failure to gather sufficient funds to operate in the formal sector, and the willingness to use innate ability. The Ghanaian culture of hospitality and the government's inability to implement trade regulations have been an enabler to the prevalence of immigrant entrepreneurship in Ghana. The legal frameworks that prohibit immigrants from participating in retailing, especially in the informal economy of Ghana, are well known by immigrant entrepreneurs, albeit it has yet to adhere. Therefore, there is a call for policy measures to address the weak institutional framework, which encourages disregard for the country's laws. Immigrant entrepreneurs who wish to remain in doing business in Ghana must obey the rules or suffer the punishment thereof.
Journal: Journal of African Business
Pages: 264-286
Issue: 2
Volume: 25
Year: 2024
Month: 04
X-DOI: 10.1080/15228916.2023.2170860
File-URL: http://hdl.handle.net/10.1080/15228916.2023.2170860
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# input file: WJAB_A_2168970_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Irene Mkini Lugalla
Author-X-Name-First: Irene
Author-X-Name-Last: Mkini Lugalla
Author-Name: Jan P.A.M. Jacobs
Author-X-Name-First: Jan P.A.M.
Author-X-Name-Last: Jacobs
Author-Name: Wim Westerman
Author-X-Name-First: Wim
Author-X-Name-Last: Westerman
Title: What Drives Women Entrepreneurs in Tourism in Tanzania?
Abstract: 
 In Tanzania, tourism is one of the most important sectors in terms of its contribution to the nation’s GDP, employment and investment. Women entrepreneurs play a substantial role in the tourism sector. This research contributes to the growing literature on their position in tourism. The study aims at investigating the role of women entrepreneurs in tourism in Tanzania. To find out what drives the women, their socio-economic background (mother education, role models and family support), social capital and economic capital, goal setting (perceptions and aspirations) and the business growth of their firms are studied. Using a survey questionnaire with closed and open questions, data on 120 small tourism firms are assembled. The Structural Equations Modelling method is applied. The research findings provide ample evidence that the capital of the women entrepreneurs drives their goal setting and ultimately their firm’s business growth. By strengthening the capital of the Tanzanian women entrepreneurs in tourism, professional organizations and government policies can help and encourage them to become more beneficial to the society.
Journal: Journal of African Business
Pages: 205-223
Issue: 2
Volume: 25
Year: 2024
Month: 04
X-DOI: 10.1080/15228916.2023.2168970
File-URL: http://hdl.handle.net/10.1080/15228916.2023.2168970
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# input file: WJAB_A_2171023_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Asiamah Yeboah
Author-X-Name-First: Asiamah
Author-X-Name-Last: Yeboah
Author-Name: Ebenezer Afrifa-Yamoah
Author-X-Name-First: Ebenezer
Author-X-Name-Last: Afrifa-Yamoah
Title: The Influence of Social Presence on Customer Loyalty in Emerging Market Retail Industry: The Mediating Role of Trust
Abstract: 
 Whilst extensive scholarly works on social presence, trust, and customer loyalty exist, no research specifically focuses on measuring the relational effect of social presence and trust on customer loyalty in both online and store-based retail environments. This study proposes and tests a model to demonstrate the mediation role of trust in the nexus between the dimensions of social presence (web, others, and interaction) and customer loyalty. Data were collected from 200 customers and analyzed via path analysis of structural equation modeling. The results of the study show that all the dimensions of social presence had a significant direct effect on trust. Social presence of others had a significant direct effect on customer loyalty. Trust fully mediated the associations between social presence of web, and interaction and customer loyalty, and partially mediated the relationship of social presence of others and loyalty. We have established the multidimensionality of the social presence construct and highlighted their nexus between trust and loyalty in an emerging market retail business. The implications of these findings are discussed.
Journal: Journal of African Business
Pages: 287-308
Issue: 2
Volume: 25
Year: 2024
Month: 04
X-DOI: 10.1080/15228916.2023.2171023
File-URL: http://hdl.handle.net/10.1080/15228916.2023.2171023
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# input file: WJAB_A_2215572_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Benjamin R. Tukamuhabwa
Author-X-Name-First: Benjamin R.
Author-X-Name-Last: Tukamuhabwa
Author-Name: Henry Mutebi
Author-X-Name-First: Henry
Author-X-Name-Last: Mutebi
Author-Name: Ballam A. Ojok
Author-X-Name-First: Ballam A.
Author-X-Name-Last: Ojok
Title: Supply Chain Performance in the Wooden Furniture Industry: The Effect of Institutional Pressures and Supply Chain Integration in a Developing Country Context
Abstract: 
 The purpose of this paper is to investigate the relationship between institutional pressures, supply chain integration and supply chain performance in the wooden furniture industry. Cross-sectional survey data collected from 86 registered wooden furniture firms in Uganda were analyzed using Partial Least Square Structural Equation Modeling. The study revealed that institutional pressures are positively and significantly related with supply chain performance and that supply chain integration plays a partial mediating role in the institutional pressures-supply chain performance relationship. Further, our component level analysis of institutional pressures reveals that whereas coercive pressure has a discernible positive influence on both supply chain integration and supply chain performance, mimetic pressure does not, while normative pressure positively influences only supply chain integration. These results underline the need to understand the role of individual components of institutional pressures and integration requirements in strategic supply chain management practice in order to boost supply chain performance of the wooden furniture firms.
Journal: Journal of African Business
Pages: 349-370
Issue: 2
Volume: 25
Year: 2024
Month: 04
X-DOI: 10.1080/15228916.2023.2215572
File-URL: http://hdl.handle.net/10.1080/15228916.2023.2215572
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# input file: WJAB_A_2209496_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Frejus S. Thoto
Author-X-Name-First: Frejus S.
Author-X-Name-Last: Thoto
Author-Name: Djana B. Mignouna
Author-X-Name-First: Djana B.
Author-X-Name-Last: Mignouna
Author-Name: Razack Adeoti
Author-X-Name-First: Razack
Author-X-Name-Last: Adeoti
Author-Name: Rodrigue C. Gbedomon
Author-X-Name-First: Rodrigue C.
Author-X-Name-Last: Gbedomon
Author-Name: Sylvain Kpenavoun Chogou
Author-X-Name-First: Sylvain
Author-X-Name-Last: Kpenavoun Chogou
Author-Name: Augustin Aoudji
Author-X-Name-First: Augustin
Author-X-Name-Last: Aoudji
Author-Name: Barthelemy Honfoga
Author-X-Name-First: Barthelemy
Author-X-Name-Last: Honfoga
Title: Explaining the Positioning of Agricultural Entrepreneurs on the Necessity-Opportunity Continuum in Sub-Saharan Africa: Insights from Benin
Abstract: 
 Despite the potential of agriculture to reduce unemployment in sub-Saharan Africa, research on agricultural entrepreneurship is scarce, especially regarding the entrepreneurs’ motivations. The aim of this research is to examine the intensity of necessity and opportunity motivations among agricultural entrepreneurs and the influence of socioeconomic characteristics, personality, and environmental factors. Hence, the study reports a survey of 819 agricultural entrepreneurs in Benin and uses multinomial logistic regressions. Most agricultural entrepreneurs are moderately necessity-driven (76%); the remainder includes highly necessity-driven entrepreneurs (4%), moderately opportunity-driven entrepreneurs (6%), and highly opportunity-driven entrepreneurs (14%). Those displaying higher intensity of necessity motivations can be at any education level, are former employees, are less proactive, less optimistic, and operate in the services sector. In contrast, highly opportunity-driven entrepreneurs are likely to have received a university education and agricultural professional training, operate in the services sector, and have better access to finance and technologies. This study advances the push-pull theory by revealing a richer set of entrepreneurial motivations beyond the simplistic dichotomic view. Hence, policymakers could devise entrepreneurship strategies and programs that consider the diverse motivations of entrepreneurs and the influencing factors to move them toward increased opportunity entrepreneurship.
Journal: Journal of African Business
Pages: 309-329
Issue: 2
Volume: 25
Year: 2024
Month: 04
X-DOI: 10.1080/15228916.2023.2209496
File-URL: http://hdl.handle.net/10.1080/15228916.2023.2209496
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Handle: RePEc:taf:wjabxx:v:25:y:2024:i:2:p:309-329



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Author-Name: Ronald Ebenezer Essel
Author-X-Name-First: Ronald Ebenezer
Author-X-Name-Last: Essel
Title: The Effect of Capital Structure on Corporate Performance: Panel Empirical Evidence of an Emerging Capital Market
Abstract: 
 The goal/purpose/objective of the inquiry is to empirically investigate the impact of capital structure (CS) on firm performance (FP), from an emerging capital market perspective, Ghana Stock Exchange (GSE). Using financial data from 36 listed-firms on the GSE, spanning 2010–2020, and employing a robust dynamic panel System of Generalized Method of Moment (GMM), this inquiry examined CS-FP-nexuses. Results revealed that whilst total-debt-to-total-equity-ratio, total-debt-to-total-assets-ratio, long-term-debt-ratio, and financial risk exhibited negative associations with FP; total-equity-to-total-assets-ratio, short-term-debt-ratio, cash conversion cycle, total assets turnover, tangibility, sales-growth, firm size, and firm age revealed positive associations with FP, suggesting that highly leveraged-firms are susceptible to insolvency due to high debt-financing cost with worsened macroeconomic instability effect via increased sensitivity of the economy to shocks. Recommendations were made to policymakers to revamp Ghana’s capital market to encourage equity-investment and also entreat listed-firms to improve upon their profitability and utilize more retained earnings as an internal-financing source to minimize the interest cost on debt-financing. By utilizing data on all the 36 firms listed on the GSE, an uncharted/unexploited path, this current inquiry is one of the few studies that has contributed to the literature on capital structure-performance nexus in Ghana, an emerging West African country south of the Sahara.
Journal: Journal of African Business
Pages: 224-263
Issue: 2
Volume: 25
Year: 2024
Month: 04
X-DOI: 10.1080/15228916.2023.2170856
File-URL: http://hdl.handle.net/10.1080/15228916.2023.2170856
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:taf:wjabxx:v:25:y:2024:i:2:p:224-263