Pub Date : 2022-12-06DOI: 10.31920/1750-4562/2022/v17n4a9
Patrick Joel Turkson, Felix Amoah, Marlé van Eyk
The economy of Ghana relies heavily on the retail industry and the establishment of shopping malls in the past decade has added a boost to the industry. However, little empirical research exists regarding shoppers’ experience value, satisfaction and behavioural intentions within shopping malls in Ghana. This study sought to close this gap by investigating the influence of shoppers’ experience value on satisfaction and behavioural intentions within selected shopping malls in Ghana; evaluate the mediating effect of customer satisfaction on shoppers’ experience value and behavioural intentions; and propose a model of customer experience value, satisfaction and behavioural intentions in the context of shopping malls in Ghana. The survey was conducted in the four largest shopping malls in Ghana. Through a quantitative methodology and purposive sampling, 500 usable copies of the questionnaire were included in the data analysis, and IBM SPSS (version 26) and AMOS computer software were used to perform the statistical analysis. The findings showed that shoppers’ experience value influences customer satisfaction and behavioural intentions. Customer satisfaction was found to influence behavioural intentions but does not act as a mediating variable between shoppers’ experience value and behavioural intentions within shopping malls in Ghana. It is recommended that shopping mall managers consider customer experience value as a multidimensional construct to stage a rewarding experience for customers. The latter will contribute positively to customers’ satisfaction and behavioural intentions.
{"title":"Shoppers’ Experience Value and Behavioural Intentions in Shopping Malls: The Mediating Effect of Satisfaction","authors":"Patrick Joel Turkson, Felix Amoah, Marlé van Eyk","doi":"10.31920/1750-4562/2022/v17n4a9","DOIUrl":"https://doi.org/10.31920/1750-4562/2022/v17n4a9","url":null,"abstract":"The economy of Ghana relies heavily on the retail industry and the establishment of shopping malls in the past decade has added a boost to the industry. However, little empirical research exists regarding shoppers’ experience value, satisfaction and behavioural intentions within shopping malls in Ghana. This study sought to close this gap by investigating the influence of shoppers’ experience value on satisfaction and behavioural intentions within selected shopping malls in Ghana; evaluate the mediating effect of customer satisfaction on shoppers’ experience value and behavioural intentions; and propose a model of customer experience value, satisfaction and behavioural intentions in the context of shopping malls in Ghana. The survey was conducted in the four largest shopping malls in Ghana. Through a quantitative methodology and purposive sampling, 500 usable copies of the questionnaire were included in the data analysis, and IBM SPSS (version 26) and AMOS computer software were used to perform the statistical analysis. The findings showed that shoppers’ experience value influences customer satisfaction and behavioural intentions. Customer satisfaction was found to influence behavioural intentions but does not act as a mediating variable between shoppers’ experience value and behavioural intentions within shopping malls in Ghana. It is recommended that shopping mall managers consider customer experience value as a multidimensional construct to stage a rewarding experience for customers. The latter will contribute positively to customers’ satisfaction and behavioural intentions.","PeriodicalId":37165,"journal":{"name":"African Journal of Business and Economic Research","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43816725","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-06DOI: 10.31920/1750-4562/2022/v17n4a3
Nombulelo Dilotsotlhe
The quantitative study reported in this article applied the diffusion of innovation theory (DOI) to predict the purchase intention for plug-in hybrid electric vehicles (PHEVs). Data were collected through an online survey involving 504 individuals in Gauteng, South Africa. The multiple regression technique was applied to the DOI model to test the proposed hypotheses of the study. Results indicate that relative advantage, compatibility and observability relate positively to PHEV purchase intention, while complexity is regarded as negative in that regard. On the other hand, trialability has no positive relation to PHEV purchase intention. The findings of this study can assist producers and marketers in crafting marketing strategies that can appeal to consumers and also increase their intention to purchase of plug-in hybrid electric vehicles.
{"title":"Determinants of Green Innovation Purchase Behaviour: An Emerging Country Perspective","authors":"Nombulelo Dilotsotlhe","doi":"10.31920/1750-4562/2022/v17n4a3","DOIUrl":"https://doi.org/10.31920/1750-4562/2022/v17n4a3","url":null,"abstract":"The quantitative study reported in this article applied the diffusion of innovation theory (DOI) to predict the purchase intention for plug-in hybrid electric vehicles (PHEVs). Data were collected through an online survey involving 504 individuals in Gauteng, South Africa. The multiple regression technique was applied to the DOI model to test the proposed hypotheses of the study. Results indicate that relative advantage, compatibility and observability relate positively to PHEV purchase intention, while complexity is regarded as negative in that regard. On the other hand, trialability has no positive relation to PHEV purchase intention. The findings of this study can assist producers and marketers in crafting marketing strategies that can appeal to consumers and also increase their intention to purchase of plug-in hybrid electric vehicles.","PeriodicalId":37165,"journal":{"name":"African Journal of Business and Economic Research","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44139745","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-06DOI: 10.31920/1750-4562/2022/v17n4a11
Ewert. P.J. Kleynhans, Clive Egbert Coetzee
The absence of high-frequency time series data is a real constraint for many researchers worldwide. Generating high-frequency economic data, especially at the sub-national level, generates significant advantages and opportunities. Research otherwise impossible now becomes possible and indeed desirable. Therefore, this study aims to investigate the usefulness of several temporal disaggregation methods and the reliability of the derived results. Temporal disaggregation is one such method that can be used to generate high-frequency time series data from low-frequency time series data. The methods employed will specifically refer to methods that use related series as the high-frequency time series data related to the South African economy. To this effect, monthly night-time lights sensed by satellite were assessed. The results derived through the study seem to generate robust estimates suggesting that it is indeed possible to use night-time lights as a related indicator and the various temporal disaggregation methods contained within the Ecotrim computer software program and ‘tempdisagg’ R package to disaggregate annual national and provincial gross domestic product (GDP). The derived quarterly and monthly national and provincial GDP time series/data will subsequently assist in addressing the constraints researchers face, especially at a sub-national level. From a policy perspective, policymakers should note that remote sensing technologies offer unique opportunities to conduct sub-national economic policy and research.
{"title":"Temporal Disaggregation of Gross Domestic Product Data with Night-Time Lights Data for South Africa","authors":"Ewert. P.J. Kleynhans, Clive Egbert Coetzee","doi":"10.31920/1750-4562/2022/v17n4a11","DOIUrl":"https://doi.org/10.31920/1750-4562/2022/v17n4a11","url":null,"abstract":"The absence of high-frequency time series data is a real constraint for many researchers worldwide. Generating high-frequency economic data, especially at the sub-national level, generates significant advantages and opportunities. Research otherwise impossible now becomes possible and indeed desirable. Therefore, this study aims to investigate the usefulness of several temporal disaggregation methods and the reliability of the derived results. Temporal disaggregation is one such method that can be used to generate high-frequency time series data from low-frequency time series data. The methods employed will specifically refer to methods that use related series as the high-frequency time series data related to the South African economy. To this effect, monthly night-time lights sensed by satellite were assessed. The results derived through the study seem to generate robust estimates suggesting that it is indeed possible to use night-time lights as a related indicator and the various temporal disaggregation methods contained within the Ecotrim computer software program and ‘tempdisagg’ R package to disaggregate annual national and provincial gross domestic product (GDP). The derived quarterly and monthly national and provincial GDP time series/data will subsequently assist in addressing the constraints researchers face, especially at a sub-national level. From a policy perspective, policymakers should note that remote sensing technologies offer unique opportunities to conduct sub-national economic policy and research.","PeriodicalId":37165,"journal":{"name":"African Journal of Business and Economic Research","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42273783","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The COVID-19 pandemic spread around the world in early 2020, forcing governments to impose lockdowns. As a result, organizations had to find new ways to continue operating during this disruptive event. Not all organizations were able to use digital technology with the same degree of success.This mainly qualitative study includes the use of mixed methods aimed to investigate the significance of digital maturity for an organization, so that it can develop resilience during a pandemic and retain competitiveness in a post-pandemic age, referred to as ‘the new normal’.The outcome of this research suggests that under certain assumptions the digital maturity of an organization was a good predictor of its organizational resilience during the pandemic. The most influential factors in successfully coping with such event included both technical and managerial activities such as the existence of an adequate technological infrastructure, agile decision making, monitoring the situation, and improving the digital literacy of the workforce. This study also identified the practices that are likely to be adopted in the post-pandemic era.These outcomes were incorporated into a new model for managing disruptive events using digital technology ready for adoption by any kind of business, provided that geographical and cultural differences are considered and appropriate modifications are applied.
{"title":"The Digital Maturity as a predictor of Organizational Resilience during a Severe Crisis","authors":"Dorit Rotem, E. Fisher","doi":"10.5296/ber.v12i4.20507","DOIUrl":"https://doi.org/10.5296/ber.v12i4.20507","url":null,"abstract":"The COVID-19 pandemic spread around the world in early 2020, forcing governments to impose lockdowns. As a result, organizations had to find new ways to continue operating during this disruptive event. Not all organizations were able to use digital technology with the same degree of success.This mainly qualitative study includes the use of mixed methods aimed to investigate the significance of digital maturity for an organization, so that it can develop resilience during a pandemic and retain competitiveness in a post-pandemic age, referred to as ‘the new normal’.The outcome of this research suggests that under certain assumptions the digital maturity of an organization was a good predictor of its organizational resilience during the pandemic. The most influential factors in successfully coping with such event included both technical and managerial activities such as the existence of an adequate technological infrastructure, agile decision making, monitoring the situation, and improving the digital literacy of the workforce. This study also identified the practices that are likely to be adopted in the post-pandemic era.These outcomes were incorporated into a new model for managing disruptive events using digital technology ready for adoption by any kind of business, provided that geographical and cultural differences are considered and appropriate modifications are applied. ","PeriodicalId":37165,"journal":{"name":"African Journal of Business and Economic Research","volume":"30 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85948292","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
To assess the potential of Vietnam's agricultural exports to the Indian market through the analysis of trade indicators from analyzing Vietnam’s supply factor and India’s demand factor, the study using Revealed Comparative Advantage (RCA), Export Propensity Index (EPI), Import Penetration Index (IPI) and balance of trade (BOT) on agricultural products in subheadings (6-digit HS code) specified from chapter 1 to chapter 24. The study indicates that Vietnam's agricultural products with great potential for export to the Indian market are (1) Pepper of the genus Piper, neither crushed nor ground (HS090411); (2) Juniper berries and seeds of anise, badian, caraway, or fennel, neither crushed nor ground (HS090961); (3) Plants, parts of plants, incl. seeds, and fruits, used primarily in perfumery, in pharmacy or for insecticidal, fungicidal or similar purposes, fresh or dried, whether or not cut, crushed or powdered (excluding ginseng roots, coca leaf and poppy straw) (HS121190); (4) Non-alcoholic beverages (excluding water, fruit or vegetable juices and milk) (HS220290); (5) Preparations of a kind used in animal feeding (excluding dog or cat food put up for retail sale) (HS230990). As a result, Vietnamese businesses interested in exporting to India could explore these items.
{"title":"The Potential of Vietnam's Agricultural Exports to the Indian Market: Analysis of Supply and Demand Factors","authors":"N. X. Trung, Nguyen Thi Hien","doi":"10.5296/ber.v12i4.20489","DOIUrl":"https://doi.org/10.5296/ber.v12i4.20489","url":null,"abstract":"To assess the potential of Vietnam's agricultural exports to the Indian market through the analysis of trade indicators from analyzing Vietnam’s supply factor and India’s demand factor, the study using Revealed Comparative Advantage (RCA), Export Propensity Index (EPI), Import Penetration Index (IPI) and balance of trade (BOT) on agricultural products in subheadings (6-digit HS code) specified from chapter 1 to chapter 24. The study indicates that Vietnam's agricultural products with great potential for export to the Indian market are (1) Pepper of the genus Piper, neither crushed nor ground (HS090411); (2) Juniper berries and seeds of anise, badian, caraway, or fennel, neither crushed nor ground (HS090961); (3) Plants, parts of plants, incl. seeds, and fruits, used primarily in perfumery, in pharmacy or for insecticidal, fungicidal or similar purposes, fresh or dried, whether or not cut, crushed or powdered (excluding ginseng roots, coca leaf and poppy straw) (HS121190); (4) Non-alcoholic beverages (excluding water, fruit or vegetable juices and milk) (HS220290); (5) Preparations of a kind used in animal feeding (excluding dog or cat food put up for retail sale) (HS230990). As a result, Vietnamese businesses interested in exporting to India could explore these items.","PeriodicalId":37165,"journal":{"name":"African Journal of Business and Economic Research","volume":"846 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80443865","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The picture of the global economy has experienced a tumultuous year with "dark colours" as the dominant colour due to the severe impact of the Covid-19 pandemic. In December 2020, a vaccine against the acute respiratory infection Covid-19 was released to help control the pandemic and restore economic activity. The world economy has shown significant signs of recovery. Hence, the International Labour Organization (ILO) said that the labour market has begun to recover after unprecedented disruptions caused by the Covid-19 pandemic in 2020. However, the negative impact of the pandemic is still ongoing. The organization's Covid-19 Impact Report provides the latest figures showing that global working hours in 2020 have decreased by 8.8% compared to Q4 2019. This decline includes the number of working hours reduced for those still employed and those who lost their jobs. Notably, about 71% of people who lost their jobs (equivalent to 81 million people) decided to leave the labour market instead of looking for another job and becoming unemployed (GSO, 2021). This article focuses on analyzing the current situation of job creation for Vietnamese workers after Covid-19, pointing out the achieved results, limitations, causes and some recommendations to promote job creation for Vietnamese workers in the post-Covid-19 context.
{"title":"The Future of Creating Jobs for Vietnamese Workers after Covid-19 Pandemic","authors":"Dao Ngoc Ha, N. Hương, Nguyen Tuan Anh","doi":"10.5296/ber.v12i4.20490","DOIUrl":"https://doi.org/10.5296/ber.v12i4.20490","url":null,"abstract":"The picture of the global economy has experienced a tumultuous year with \"dark colours\" as the dominant colour due to the severe impact of the Covid-19 pandemic. In December 2020, a vaccine against the acute respiratory infection Covid-19 was released to help control the pandemic and restore economic activity. The world economy has shown significant signs of recovery. Hence, the International Labour Organization (ILO) said that the labour market has begun to recover after unprecedented disruptions caused by the Covid-19 pandemic in 2020. However, the negative impact of the pandemic is still ongoing. The organization's Covid-19 Impact Report provides the latest figures showing that global working hours in 2020 have decreased by 8.8% compared to Q4 2019. This decline includes the number of working hours reduced for those still employed and those who lost their jobs. Notably, about 71% of people who lost their jobs (equivalent to 81 million people) decided to leave the labour market instead of looking for another job and becoming unemployed (GSO, 2021). This article focuses on analyzing the current situation of job creation for Vietnamese workers after Covid-19, pointing out the achieved results, limitations, causes and some recommendations to promote job creation for Vietnamese workers in the post-Covid-19 context.","PeriodicalId":37165,"journal":{"name":"African Journal of Business and Economic Research","volume":"17 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80383040","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
M. Huda, Abdul Rahim Ridzuan, Mohd Ikhram Mohd Ridzuan, Marfunizah Madan
Development is a process of creating a prosperous society in terms of its economic, social, political and environmental quality. The government plays a crucial role in realising sustainable development by transforming the state and district economies and balancing socioeconomic income. Issues on Sabah’s development have long been debated. The extent of the interest among relevant parties regarding Sabah’s development and how the government ‘tolerates’ ensuring that Sabah is developing at the same pace as other states must be examined crucially. This research aims to investigate the condition of Sabah based on three main pillars of sustainable development: economics, social and environment. The studies only adapted descriptive analysis geared by a questionnaire distributed only to the local Sabahan. Overall, we received 30 respondents, and the outcomes are mixed. Overall, the majority of Sabahan is satisfied with the growth achieved by Sabah; however, they feel pressured by the cost of living and agree that there are still huge poverty issues in this state. Meanwhile, in environmental quality, the local Sabahan are satisfied with the government's approach to maintaining the environment despite huge development in major cities such as Kota Kinabalu. These studies could give meaningful insight to the policymakers in ensuring the development of Sabah is according to the United Nation’s sustainable development policy.
{"title":"Analysis of Sustainable Development Progress in the State of Sabah, Malaysia","authors":"M. Huda, Abdul Rahim Ridzuan, Mohd Ikhram Mohd Ridzuan, Marfunizah Madan","doi":"10.5296/ber.v12i4.20337","DOIUrl":"https://doi.org/10.5296/ber.v12i4.20337","url":null,"abstract":"Development is a process of creating a prosperous society in terms of its economic, social, political and environmental quality. The government plays a crucial role in realising sustainable development by transforming the state and district economies and balancing socioeconomic income. Issues on Sabah’s development have long been debated. The extent of the interest among relevant parties regarding Sabah’s development and how the government ‘tolerates’ ensuring that Sabah is developing at the same pace as other states must be examined crucially. This research aims to investigate the condition of Sabah based on three main pillars of sustainable development: economics, social and environment. The studies only adapted descriptive analysis geared by a questionnaire distributed only to the local Sabahan. Overall, we received 30 respondents, and the outcomes are mixed. Overall, the majority of Sabahan is satisfied with the growth achieved by Sabah; however, they feel pressured by the cost of living and agree that there are still huge poverty issues in this state. Meanwhile, in environmental quality, the local Sabahan are satisfied with the government's approach to maintaining the environment despite huge development in major cities such as Kota Kinabalu. These studies could give meaningful insight to the policymakers in ensuring the development of Sabah is according to the United Nation’s sustainable development policy.","PeriodicalId":37165,"journal":{"name":"African Journal of Business and Economic Research","volume":"58 34 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73387401","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Social media marketing has become very important in this era of social media for many scholars from various fields of study to investigate its effectiveness, as well as for marketers aiming to implement an effective marketing plan. However, there are few studies in the services literature, particularly in the Sabah tourism context, that have investigated the effectiveness of Social Media Marketing (SMM) Activities on tourist behaviors, although Sabah is one of the most visited states in Malaysia and among the major contributing industries to the Sabah income. Additionally, brand image plays an important role in tourism as it can affect a company's future revenue, long term fund, price sensitivity, affect decision making, stock prices, competitive advantage, and marketing achievement. Yet, the relationship between SMM activities and brand image remains hazy. Even though SMM activities is identified as an important factor in building a strong tourism brand image. Therefore, to clearly understand the relationship between these variables, this conceptual paper makes a review on the brand image as a mediator on the influence of SMM activities on tourist response particularly e-WOM and intention to revisit tourism provider social media sites. This article adds to the expanding body of knowledge regarding social media marketing and customer behavior in developing countries by emphasizing the importance of every social media marketing activity in the tourism sector.
{"title":"A Review of Social Media Marketing Activities in Promoting E-WOM and Enhancing Revisit Intention via Brand Image","authors":"Shaidathul Jemin, Saizal Pinjaman","doi":"10.5296/ber.v12i4.20292","DOIUrl":"https://doi.org/10.5296/ber.v12i4.20292","url":null,"abstract":"Social media marketing has become very important in this era of social media for many scholars from various fields of study to investigate its effectiveness, as well as for marketers aiming to implement an effective marketing plan. However, there are few studies in the services literature, particularly in the Sabah tourism context, that have investigated the effectiveness of Social Media Marketing (SMM) Activities on tourist behaviors, although Sabah is one of the most visited states in Malaysia and among the major contributing industries to the Sabah income. Additionally, brand image plays an important role in tourism as it can affect a company's future revenue, long term fund, price sensitivity, affect decision making, stock prices, competitive advantage, and marketing achievement. Yet, the relationship between SMM activities and brand image remains hazy. Even though SMM activities is identified as an important factor in building a strong tourism brand image. Therefore, to clearly understand the relationship between these variables, this conceptual paper makes a review on the brand image as a mediator on the influence of SMM activities on tourist response particularly e-WOM and intention to revisit tourism provider social media sites. This article adds to the expanding body of knowledge regarding social media marketing and customer behavior in developing countries by emphasizing the importance of every social media marketing activity in the tourism sector.","PeriodicalId":37165,"journal":{"name":"African Journal of Business and Economic Research","volume":"284 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83119493","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
E. Owusu, C. Bonsu, A. Owusu, D. Ofori, Adwoa Benewaa Brefo-Manuh
Entrepreneurship is certainly not a simple job and does not generally ensure a 100% achievement. Numerous basic features must be set up to empower entrepreneurs to attain a proportion of progress. SMEs therefore deserve attention, especially with regards to the entrepreneurial attributes as well as the business practices of the entrepreneur. The study investigates the effect entrepreneurial features and business practices on the continuing endurance of SMEs.Descriptive research method was employed to obtain a picture of the effect of entrepreneurial features as well as corporate practices on the continuing endurance of SMEs in Ghana. A mixed method strategy was employed to reach conclusions that are accurate, reliable and reproducible. The population of the study focused on entrepreneurs in the small, medium and large enterprises in the Kumasi metropolis. In all, 100 questionnaires distributed, the researchers were able to retrieve 90 representing 90% of the response rate. Interviews, as well as questionnaires, were the main intruments utilised to gather the required information for the study.Findings revealed that entrepreneurs require to have some entrepreneurial qualities for continuing endurance and that specific attributes make some entrepreneurs more fit to maintaining a fruitful business than other, the principle on which this research work concludes. It was realised that characteristics, values and assumptions of entrepreneurs in SMEs may impact their selection of management practices and consequently the presentation of their firms. The crucial determinant for the adoption of Deming Management Model of Total Quality in SMEs is to intensify awareness and motivate all workers on satisfying clients. It was further revealed that Creativity, Self-assurance, and Ability to Adapt negatively influence Teamwork, Risk Management and Planning of business activities among the SMEs surveyed.
{"title":"Assessing the Effects of Entrepreneurial Attributes and Business Practices on the Continuing Existence of Small and Medium Enterprises (SMEs) Using Deming Management Model of Total Quality as a Benchmark","authors":"E. Owusu, C. Bonsu, A. Owusu, D. Ofori, Adwoa Benewaa Brefo-Manuh","doi":"10.5296/ber.v12i4.20173","DOIUrl":"https://doi.org/10.5296/ber.v12i4.20173","url":null,"abstract":"Entrepreneurship is certainly not a simple job and does not generally ensure a 100% achievement. Numerous basic features must be set up to empower entrepreneurs to attain a proportion of progress. SMEs therefore deserve attention, especially with regards to the entrepreneurial attributes as well as the business practices of the entrepreneur. The study investigates the effect entrepreneurial features and business practices on the continuing endurance of SMEs.Descriptive research method was employed to obtain a picture of the effect of entrepreneurial features as well as corporate practices on the continuing endurance of SMEs in Ghana. A mixed method strategy was employed to reach conclusions that are accurate, reliable and reproducible. The population of the study focused on entrepreneurs in the small, medium and large enterprises in the Kumasi metropolis. In all, 100 questionnaires distributed, the researchers were able to retrieve 90 representing 90% of the response rate. Interviews, as well as questionnaires, were the main intruments utilised to gather the required information for the study.Findings revealed that entrepreneurs require to have some entrepreneurial qualities for continuing endurance and that specific attributes make some entrepreneurs more fit to maintaining a fruitful business than other, the principle on which this research work concludes. It was realised that characteristics, values and assumptions of entrepreneurs in SMEs may impact their selection of management practices and consequently the presentation of their firms. The crucial determinant for the adoption of Deming Management Model of Total Quality in SMEs is to intensify awareness and motivate all workers on satisfying clients. It was further revealed that Creativity, Self-assurance, and Ability to Adapt negatively influence Teamwork, Risk Management and Planning of business activities among the SMEs surveyed.","PeriodicalId":37165,"journal":{"name":"African Journal of Business and Economic Research","volume":"110 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79289199","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The purpose of this study is to identify the firm-specific and country-specific determinants of trade credit supply during the financial crisis of 2008 and compare among upper-middle income and lower-middle income countries. Trade credit supply is measured as average collection period. For panel data analysis, this study uses the Prais - Winsten Panel Corrected Standard Errors (PCSE) method. PCSE removes the of cross-sectional dependence issue in the panel dataset. Findings indicate that firms had to pay their suppliers earlier during the financial crisis 2008 than pre-crisis. Financial crisis significantly influenced the relationship between determinants and trade credit supply but to different levels in different income groups. Average payment periods and private credit to GDP significantly and positively increased the average collection period more in lower-middle income developing countries and less in upper-middle developing income countries. Cash flow volatility and leverage influenced the average collection period significantly and negatively during the crisis. This influence was stronger than pre-crisis and post-crisis periods, and more significant in lower-middle income countries and less in upper-middle income countries. The negative relationship between inflation and trade credit supply is strongly negative in lower-middle income countries. Overall, the results suggest that financial crisis changed the relationship between determinants and trade credit supply and the extant of this change was different in different income group countries.
{"title":"Determinants of Trade Credit Supply among Developing Countries during the Financial Crisis of 2008","authors":"R. Bashir, A. Regupathi","doi":"10.5296/ber.v12i4.20275","DOIUrl":"https://doi.org/10.5296/ber.v12i4.20275","url":null,"abstract":"The purpose of this study is to identify the firm-specific and country-specific determinants of trade credit supply during the financial crisis of 2008 and compare among upper-middle income and lower-middle income countries. Trade credit supply is measured as average collection period. For panel data analysis, this study uses the Prais - Winsten Panel Corrected Standard Errors (PCSE) method. PCSE removes the of cross-sectional dependence issue in the panel dataset. Findings indicate that firms had to pay their suppliers earlier during the financial crisis 2008 than pre-crisis. Financial crisis significantly influenced the relationship between determinants and trade credit supply but to different levels in different income groups. Average payment periods and private credit to GDP significantly and positively increased the average collection period more in lower-middle income developing countries and less in upper-middle developing income countries. Cash flow volatility and leverage influenced the average collection period significantly and negatively during the crisis. This influence was stronger than pre-crisis and post-crisis periods, and more significant in lower-middle income countries and less in upper-middle income countries. The negative relationship between inflation and trade credit supply is strongly negative in lower-middle income countries. Overall, the results suggest that financial crisis changed the relationship between determinants and trade credit supply and the extant of this change was different in different income group countries.","PeriodicalId":37165,"journal":{"name":"African Journal of Business and Economic Research","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76256509","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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