Pub Date : 2023-09-24DOI: 10.1080/15228916.2023.2257554
Jean C. Kouam, Simplice A. Asongu, Bin J. Meh, Robert Nantchouang, Fri L. Asanga, Denis Foretia
ABSTRACTAccess to finance is perceived as one of the major problems facing businesses in Sub-Saharan Africa, as well as the structures that support them in their development. This paper aims to measure the probability that a support structure with given characteristics, specific services to entrepreneurs and some technical capacities will face large-scale financial problems. We estimate a multinomial logistic model using a pool of disaggregated data collected by the Nkafu Policy Institute in a survey of 80 business support structures in Burkina Faso, Cameroon and Ghana in 2021. Our results show that the financial health of a business support structure is not fundamentally dependent on the duration of support, but rather on other factors related to the quality of services offered to entrepreneurs.KEYWORDS: Duration of supportfinancial health of businessesSub-Saharan Africamultinomial logit model AcknowledgmentsThe authors are indebted to the editor and reviewers for constructive comments.Supplementary MaterialSupplemental data for this article can be accessed online at https://doi.org/10.1080/15228916.2023.2257554Disclosure statementNo potential conflict of interest was reported by the author(s).Notes1 Business support structures or Support Structures refer to organizations that help start-ups and individual entrepreneurs grow their businesses through a full range of services from management training and office space to venture capital financing. They are also called Business Incubators.Additional informationFundingThe work was supported by the International Development Research Centre, Grant Number 109453-001.
{"title":"Duration of Support and Financial Health of Business Support Structures in Burkina Faso, Cameroon, and Ghana: A Micro-Econometric Analysis","authors":"Jean C. Kouam, Simplice A. Asongu, Bin J. Meh, Robert Nantchouang, Fri L. Asanga, Denis Foretia","doi":"10.1080/15228916.2023.2257554","DOIUrl":"https://doi.org/10.1080/15228916.2023.2257554","url":null,"abstract":"ABSTRACTAccess to finance is perceived as one of the major problems facing businesses in Sub-Saharan Africa, as well as the structures that support them in their development. This paper aims to measure the probability that a support structure with given characteristics, specific services to entrepreneurs and some technical capacities will face large-scale financial problems. We estimate a multinomial logistic model using a pool of disaggregated data collected by the Nkafu Policy Institute in a survey of 80 business support structures in Burkina Faso, Cameroon and Ghana in 2021. Our results show that the financial health of a business support structure is not fundamentally dependent on the duration of support, but rather on other factors related to the quality of services offered to entrepreneurs.KEYWORDS: Duration of supportfinancial health of businessesSub-Saharan Africamultinomial logit model AcknowledgmentsThe authors are indebted to the editor and reviewers for constructive comments.Supplementary MaterialSupplemental data for this article can be accessed online at https://doi.org/10.1080/15228916.2023.2257554Disclosure statementNo potential conflict of interest was reported by the author(s).Notes1 Business support structures or Support Structures refer to organizations that help start-ups and individual entrepreneurs grow their businesses through a full range of services from management training and office space to venture capital financing. They are also called Business Incubators.Additional informationFundingThe work was supported by the International Development Research Centre, Grant Number 109453-001.","PeriodicalId":46981,"journal":{"name":"Journal of African Business","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135926442","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 : 2023-09-20DOI: 10.1080/15228916.2023.2257558
Risimati Maurice Khosa
ABSTRACTThis research investigated the perceptions of family-owned small enterprises on the reasons of the absence of written succession plans, and the implications of the proposed successful succession framework. Quantitative research was used, and the study is descriptive and explanatory in nature. Family-owned small enterprises based in the Gauteng province of South Africa were the population of this study. The unit of analysis was thus the owners/founders and managers of the enterprises. A total of 257 valid questionnaires were returned from the sampled 384 family-owned small businesses, yielding a response rate of 66%. The results showed that family-owned small enterprises appreciate the importance of succession planning, however, they do not regard it as an urgent undertaking. They believe that succession planning is only about successor selection. The results also divulged that the lack of written succession plans is influenced by several reasons, namely, the entrepreneur never thought of succession planning, family members are not interested in taking over the business, the business is still small, and the children are still young. In response to the findings, the research proposes a successful succession planning framework and its implications to assist small family-owned enterprises to plan for succession.KEYWORDS: Family enterprisessuccession planningfamily-owned businessessuccession frameworkownership transfer Disclosure statementNo potential conflict of interest was reported by the author(s).
{"title":"Succession Planning: Perceptions of South African Family-Owned Small Enterprises","authors":"Risimati Maurice Khosa","doi":"10.1080/15228916.2023.2257558","DOIUrl":"https://doi.org/10.1080/15228916.2023.2257558","url":null,"abstract":"ABSTRACTThis research investigated the perceptions of family-owned small enterprises on the reasons of the absence of written succession plans, and the implications of the proposed successful succession framework. Quantitative research was used, and the study is descriptive and explanatory in nature. Family-owned small enterprises based in the Gauteng province of South Africa were the population of this study. The unit of analysis was thus the owners/founders and managers of the enterprises. A total of 257 valid questionnaires were returned from the sampled 384 family-owned small businesses, yielding a response rate of 66%. The results showed that family-owned small enterprises appreciate the importance of succession planning, however, they do not regard it as an urgent undertaking. They believe that succession planning is only about successor selection. The results also divulged that the lack of written succession plans is influenced by several reasons, namely, the entrepreneur never thought of succession planning, family members are not interested in taking over the business, the business is still small, and the children are still young. In response to the findings, the research proposes a successful succession planning framework and its implications to assist small family-owned enterprises to plan for succession.KEYWORDS: Family enterprisessuccession planningfamily-owned businessessuccession frameworkownership transfer Disclosure statementNo potential conflict of interest was reported by the author(s).","PeriodicalId":46981,"journal":{"name":"Journal of African Business","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136313128","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 : 2023-09-19DOI: 10.1080/15228916.2023.2258024
Kaoutar Jamai, Ali Abidar, Hans De Steur, Xavier Gellynck
ABSTRACTIn today’s competitive markets, innovation is widely recognized as a critical driver of growth and sustainable development. It encompasses various forms such as product implementation, process improvement, marketing strategies, and organizational structures. Innovation creates value and ensures adaptability to an increasingly changing environment. Despite a multitude of investigations having been carried out to evaluate the correlation between innovation and performance, the majority of the scholarly attention has been directed toward technological innovation in developed nations. Regrettably, scant attention has been devoted to research endeavors investigating this relationship in emerging economies. This study aims to fill this gap by examining the impact of product, process, marketing, and organizational innovation on the financial and non-financial performances of firms operating in the labeled products subsector in Morocco, an area that remains unexplored. Using data from 70 firms, Partial Least Squares-Structural Equation Modeling was employed to test the hypotheses model. The findings revealed that while there was no significant effect of innovation type on the performance of labeled local products, it did lead to tendencies in this subsector. This study has meaningful implications for managers and policymakers on how to reinforce innovative strategies to generate future performance.KEYWORDS: Innovation typeperformancelabeled productPLS-SEMMorocco Disclosure statementNo potential conflict of interest was reported by the author(s).Notes1. Regions (=states) are currently the highest administrative divisions in Morocco.Additional informationFundingThe work was supported by the VLIR-UOS [MA2017TEA1444A103].
{"title":"The Innovation of Labeled Products in an Emerging Economy: Direct Effect on the Financial and Non-Financial Performance of Companies","authors":"Kaoutar Jamai, Ali Abidar, Hans De Steur, Xavier Gellynck","doi":"10.1080/15228916.2023.2258024","DOIUrl":"https://doi.org/10.1080/15228916.2023.2258024","url":null,"abstract":"ABSTRACTIn today’s competitive markets, innovation is widely recognized as a critical driver of growth and sustainable development. It encompasses various forms such as product implementation, process improvement, marketing strategies, and organizational structures. Innovation creates value and ensures adaptability to an increasingly changing environment. Despite a multitude of investigations having been carried out to evaluate the correlation between innovation and performance, the majority of the scholarly attention has been directed toward technological innovation in developed nations. Regrettably, scant attention has been devoted to research endeavors investigating this relationship in emerging economies. This study aims to fill this gap by examining the impact of product, process, marketing, and organizational innovation on the financial and non-financial performances of firms operating in the labeled products subsector in Morocco, an area that remains unexplored. Using data from 70 firms, Partial Least Squares-Structural Equation Modeling was employed to test the hypotheses model. The findings revealed that while there was no significant effect of innovation type on the performance of labeled local products, it did lead to tendencies in this subsector. This study has meaningful implications for managers and policymakers on how to reinforce innovative strategies to generate future performance.KEYWORDS: Innovation typeperformancelabeled productPLS-SEMMorocco Disclosure statementNo potential conflict of interest was reported by the author(s).Notes1. Regions (=states) are currently the highest administrative divisions in Morocco.Additional informationFundingThe work was supported by the VLIR-UOS [MA2017TEA1444A103].","PeriodicalId":46981,"journal":{"name":"Journal of African Business","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135014007","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}
ABSTRACTImperfect information is a major obstacle for agricultural businesses in developing countries. The resulting information asymmetry increases transaction costs and affects the behavior of market stakeholders. In Benin, market gardeners’ participation is limited by geographical isolation and poor communication and transport infrastructures. Information and communication technologies (ICTs) now offer a fast and less costly means of accessing and disseminating information for more active market participation. The aim of this article is to measure the contribution of ICTs to market participation by testing whether they improve participation. Using a recursive bivariate probit model, our results indicate that market gardeners who use ICT to access information have a higher frequency of market participation than those who do not. Cell phones, radios, and televisions lead to a 35.3%, 25.6% and 8% higher probability of market participation respectively than those who don’t use them. These results suggest that a platform for disseminating knowledge via ICT could be set up to increase market participation.KEYWORDS: AgricultureICTmarket participationtransaction costslBenin Disclosure statementNo potential conflict of interest was reported by the author(s).
{"title":"Does ICTs Usage Facilitate Access to Market? An Empirical Evidence of Market Gardeners in Benin","authors":"Denis Acclassato Houensou, Sylvain Hekponhoue, Mahougbé Aimée-Gabrielle Soglo, Melain Modeste Senou","doi":"10.1080/15228916.2023.2257556","DOIUrl":"https://doi.org/10.1080/15228916.2023.2257556","url":null,"abstract":"ABSTRACTImperfect information is a major obstacle for agricultural businesses in developing countries. The resulting information asymmetry increases transaction costs and affects the behavior of market stakeholders. In Benin, market gardeners’ participation is limited by geographical isolation and poor communication and transport infrastructures. Information and communication technologies (ICTs) now offer a fast and less costly means of accessing and disseminating information for more active market participation. The aim of this article is to measure the contribution of ICTs to market participation by testing whether they improve participation. Using a recursive bivariate probit model, our results indicate that market gardeners who use ICT to access information have a higher frequency of market participation than those who do not. Cell phones, radios, and televisions lead to a 35.3%, 25.6% and 8% higher probability of market participation respectively than those who don’t use them. These results suggest that a platform for disseminating knowledge via ICT could be set up to increase market participation.KEYWORDS: AgricultureICTmarket participationtransaction costslBenin Disclosure statementNo potential conflict of interest was reported by the author(s).","PeriodicalId":46981,"journal":{"name":"Journal of African Business","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135784504","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 : 2023-07-25DOI: 10.1080/15228916.2023.2237832
Clement Nangpiire, Joaquim Silva, H. Alves
{"title":"Customer Engagement and Co-Creation/destruction: The Role of External Actors That Foster/Hinder Tourist/Hotel Interactive Experience","authors":"Clement Nangpiire, Joaquim Silva, H. Alves","doi":"10.1080/15228916.2023.2237832","DOIUrl":"https://doi.org/10.1080/15228916.2023.2237832","url":null,"abstract":"","PeriodicalId":46981,"journal":{"name":"Journal of African Business","volume":" ","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43643526","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 : 2023-07-24DOI: 10.1080/15228916.2023.2239653
H. Duh, Helen Uzezi Wara
{"title":"Internal Branding of a University Business Through Building and Gaining from Employee-Based Brand Equity","authors":"H. Duh, Helen Uzezi Wara","doi":"10.1080/15228916.2023.2239653","DOIUrl":"https://doi.org/10.1080/15228916.2023.2239653","url":null,"abstract":"","PeriodicalId":46981,"journal":{"name":"Journal of African Business","volume":" ","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45776989","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 : 2023-07-24DOI: 10.1080/15228916.2023.2237834
G. Acheampong, Oliver Kwabena Aggrey, A. S. Hansen
{"title":"To Explore or to Exploit? Opportunities, Dynamic Capabilities, and Performance of Maritime Enterprises in Ghana","authors":"G. Acheampong, Oliver Kwabena Aggrey, A. S. Hansen","doi":"10.1080/15228916.2023.2237834","DOIUrl":"https://doi.org/10.1080/15228916.2023.2237834","url":null,"abstract":"","PeriodicalId":46981,"journal":{"name":"Journal of African Business","volume":" ","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45905078","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 : 2023-07-02DOI: 10.1080/15228916.2023.2230396
Saint Kuttu, Lord Mensah, Daniel Attah-Kyei
{"title":"Intellectual Capital Efficiency and Risk-Taking Behaviour of Insurance Companies in Ghana","authors":"Saint Kuttu, Lord Mensah, Daniel Attah-Kyei","doi":"10.1080/15228916.2023.2230396","DOIUrl":"https://doi.org/10.1080/15228916.2023.2230396","url":null,"abstract":"","PeriodicalId":46981,"journal":{"name":"Journal of African Business","volume":" ","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42195525","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 : 2023-07-02DOI: 10.1080/15228916.2023.2230415
Mohammed Majeed, Seidu Alhassan, Charles Asare, Iddrisu Mohammed, Kwame Simpe Ofori
{"title":"Salesforce Social Media Use, Adaptive Selling Behaviour and Consumer Outcomes in Consumer Electronics: An Emerging Market Perspective","authors":"Mohammed Majeed, Seidu Alhassan, Charles Asare, Iddrisu Mohammed, Kwame Simpe Ofori","doi":"10.1080/15228916.2023.2230415","DOIUrl":"https://doi.org/10.1080/15228916.2023.2230415","url":null,"abstract":"","PeriodicalId":46981,"journal":{"name":"Journal of African Business","volume":" ","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44608219","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 : 2023-06-26DOI: 10.1080/15228916.2023.2215579
Khadijah Jumanne Kishimba, J. Akande, P. Muzindutsi
{"title":"Macro Credit Risk Stress Testing in Tanzanian Banking Sector: A Global Vector Autoregressive (GVAR) Approach","authors":"Khadijah Jumanne Kishimba, J. Akande, P. Muzindutsi","doi":"10.1080/15228916.2023.2215579","DOIUrl":"https://doi.org/10.1080/15228916.2023.2215579","url":null,"abstract":"","PeriodicalId":46981,"journal":{"name":"Journal of African Business","volume":" ","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44361475","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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