DORA :: Browsing by Author "Adomako, Samuel"

Browsing by Author "Adomako, Samuel"

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Open Access
CEO reputation, quality management and environmental innovation: the roles of stakeholder pressure and resource commitment
(Wiley, 2020-04-13) Konadu, Renata; Owusu-Agyei, Samuel; Lartey, Theophilus; Danso, Albert; Adomako, Samuel; Amankwah-Amoah, Joseph
In this paper, we examine how and when chief executive offers’ (CEOs’) reputation enhances environmental innovation by considering quality management as a mediating mechanism of this relationship. In addition, we introduce stakeholder pressures (primary and secondary stakeholder pressures) as important contingencies of the relationship between CEOs’ reputation and quality management. Moreover, we test the moderating role of resource commitment on the quality management-environmental innovation relationship. We test our research model using data from a manufacturing industry sample of 217 firms from Ghana. We find that quality management mediates the relationship between reputation and environmental innovation. Moreover, the relationship between CEOs’ reputation and quality management is amplified when levels of both primary and secondary stakeholder pressures are greater. Finally, our findings show that the effect of quality management on environmental innovation is enhanced when resource commitment is greater. Implications for theory and practice are discussed.
Open Access
Chief executive officers' sustainability orientation and firm environmental performance: Networking and resource contingencies
(Wiley, 2021-02-12) Adomako, Samuel; Amankwah-Amoah, Joseph; Danso, Albert; Obeng-Dankwah, George
Although the existing literature supports the relationship between CEO sustainability orientation (SO) and entrepreneurial behaviour, empirical studies exploring how SO drives firm environmental performance (FEP) are lacking. In addition, the potential moderating effects of firm-level factors on this relationship are less understood. We contribute to filling this gap by examining the moderating effects of political connections and financial slack on the relationship between SO and FEP. Using data obtained from 297 small and medium-sized enterprises (SMEs) in Ghana, our results reveal that SO is positively related to FEP. In addition, our results show that the effect of SO on FEP is negative when firms have stronger financial slack and when firms are highly politically connected.
Open Access
Corruption and SME Growth: The Role of Institutional Networking and Financial Slack
(Cambridge University Press, 2021-02-10) Adomako, Samuel; Ahsan, Mujtaba; Amaankwah-Amoah, Joseph; Danso, Albert; Kesse, Kwabena; Frimpong, Kwabena
In this study, we investigate the mediating effect of institutional networking on the relationship between perceived corruption and the growth of small and medium-sized enterprises (SMEs). We also examine the moderating impact of financial slack on the relationship between perceived corruption and institutional networking. We test our moderated mediation model using data from 212 SMEs operating in Ghana. The findings from the study show that perceived corruption is positively related to institutional networking and this relationship is amplified when levels of financial slack are greater. The findings also show that institutional networking positively mediates the relationship between perceived corruption and SME growth. Theoretical and practical implications are discussed.
Open Access
The effects of stakeholder integration on firm-level product innovativeness: Insights from small and medium-sized enterprises in Ghana
(R&D Management, 2019-04-16) Adomako, Samuel; Amankwah-Amoah, Joseph; Danso, Albert
In spite of growing research on the influence of external stakeholders on firm outcomes, there is a paucity of research on how they influence innovation in emerging economies. In addition, the specific environmental factors that may influence the effect of stakeholder integration (SI) on firm innovation is less understood. Using data collected from 248 small and medium-sized enterprises (SMEs) in Ghana, this paper develops and tests a model that examines the relationship between SI and firm-level product innovativeness. The findings from the study indicate SI positively relates to product innovativeness. Moreover, under conditions of higher competitor pressure and greater customer expectations, the effect of SI on product innovativeness is amplified. Contributions for theory and practice are discussed
Open Access
Entrepreneurial alertness and new venture performance: facilitating roles of networking capability
(SAGE, 2018-01-10) Adomako, Samuel; Danso, Albert; Boso, Nathaniel; Narteh, Bedman
An ability to act upon an entrepreneurial opportunity has been noted to be a major driver of new venture success. However, scholarly knowledge is limited on how and when entrepreneurs’ alertness to entrepreneurial opportunities drives new venture success. The current study addresses this gap in the entrepreneurship literature by arguing that variations in new venture performance are a function of levels of entrepreneurial alertness and networking capabilities. Using primary data gathered from 203 new ventures operating in a sub-Saharan African economy, Ghana, the study finds that increases in the levels of entrepreneurial alertness are related to increases in new venture performance. Additionally, the study finds that, under conditions of increased use of social and business networking capabilities, the potency of entrepreneurial alertness as a driver of new venture success is amplified. Theoretical, managerial and policy implications of these findings are discussed.
Open Access
Entrepreneurial orientation, environmental sustainability and new venture performance: Does stakeholder integration matter?
(Wiley, 2018-07-11) Amankwah-Amoah, J.; Danso, Albert; Adomako, Samuel
Previous research has theorised that the link between entrepreneurial orientation (EO) and performance is mediated by environmental sustainability orientation (ESO). However, firm-level factors that may moderate this relationship are lacking. This paper attempts to fill this gap by examining how and when EO enhances new venture performance by considering ESO as mediator and stakeholder integration as an important contingent factor. Using primary data obtained from 242 chief executive officers (CEOs)/entrepreneurs, we found that the indirect relationship between EO and new venture performance is strengthened at high levels of stakeholder integration. Theoretical and practical implications are discussed
Embargo
Entrepreneurs' optimism, cognitive style and persistence
(Emerald, 2016) Adomako, Samuel; Danso, Albert; Uddin, Moshfique; Damoah, John Ofori
Purpose – The purpose of this paper is to examine the moderating effects of cognitive style dimensions on the relationship between entrepreneurs’ optimism and persistence. Design/methodology/approach – This theoretically derived research model is empirically validated using survey data from 198 small and medium-sized enterprises in Ghana. Findings – The study’s empirical findings are that the relationship between entrepreneurs’ optimism and entrepreneurial persistence is enhanced at higher levels of cognitive planning and creating styles. Somewhat interestingly, cognitive knowing style negatively moderates the relationship between optimism and entrepreneurial persistence. Research limitations/implications – The cross-sectional design of the study does not permit causal inferences to be made regarding the variables examined. Future studies may use longitudinal design to examine the causal links of the variables. Practical implications – The results of this paper can assist entrepreneurs and policy-makers in understanding the dynamics and processes involved in entrepreneurial decision making. The understanding of this issue can promote the development and maintenance of entrepreneurial ventures. Originality/value – The paper has a strong theoretical value as it relies on cognitive explanations of human behaviour, and seeks to advance the theoretical field by demonstrating the value of cognitive style within the domain of entrepreneurship.
Open Access
Environmental sustainability orientation and performance of family and nonfamily firms
(Wiley, 2019-04-01) Adomako, Samuel; Amankwah-Amoah, J.; Danso, Albert; Konadu, R.; Owusu-Agyei, Samuel
Despite the growing research evidence on the effect of environmental sustainability orientation (ESO) on firm outcomes, contingent factors that may influence the strength of this relationship have received little scholarly attention. In this study, we use insights from the literature on ESO and family business to introduce family status and firm age as moderators in the ESO-performance linkage. Using time-lagged data from 253 small and medium-sized enterprises (SMEs) in Ghana, we found the impact of ESO on firm performance is amplified for nonfamily firms but not significant for family firms. Our evidence suggests it is stronger among older firms than younger ones. Implications and directions for future research are discussed.
Open Access
Environmental sustainability orientation, competitive strategy and financial performance
(Wiley, 2019-02-18) Danso, Albert; Adomako, Samuel; Amankwah-Amoah, J.; Owusu-Agyei, Samuel; Konadu, R.
Extant research has established that environmental sustainability orientation (ESO) has a positive influence on performance outcomes. Nevertheless, several contingencies tend to affect the strength of this relationship. In this study, we draw on natural resource-based theory to introduce competitive strategies as moderators in the ESO-performance nexus. Using time-lagged data obtained from 269 firms in Ghana, this study finds that firms pursuing the differentiation strategy can positively boost performance outcomes with ESO than without differentiation strategy. We also find that firms can use the low-cost or the integrated strategy to get higher impact on performance with ESO respectively. Based on the results, firms in Ghana do not need differentiation strategy in order to boost the effect of ESO on financial performance. Theoretical and practical implications are discussed.
Open Access
Environmental sustainability practices and offshoring activities of multinational corporations across emerging and developed markets
(Elsevier, 2020-12-24) Lartey, Theophilus; Amankwah-Amoah, Joseph; Danso, Albert; Adomako, Samuel; Khan, Zaheer; Tarba, Shlomo Y.
Using panel data of 1,080 multinational corporations (MNCs) from the United States, we examine the effects of environmental sustainability practices on the degree of firms’ offshoring activities. In addition, we disaggregate offshoring activities into their core components depending on whether or not the firm buys (inputs) or sells (outputs) and/or owns assets in a given country and examine the extent to which sustainability practices influence the different components of offshoring decisions. The results indicate that sustainability practices significantly affect offshoring activities of MNCs. In particular, we found that sustainable business practices matter when the firm sells goods or owns assets in the given host nation. Additionally, the results show that the sustainability–degree of the internationalization relationship is crucial for MNCs that have offshoring activities in advanced economies relative to those firms that have activities in emerging markets. Our results are robust to alternative explanations.
Open Access
Financial Literacy and Firm performance The moderating role of financial capital availability and resource flexibility.
(International Journal of Management & Organizational Studies, 2014) Adomako, Samuel; Danso, Albert
Financial literacy, financial capital availability and resource flexibility are typically modelled as separate antecedents of firm performance. However, the boundary conditions for such models are less examined in a developing country context where financial literacy has been argued to be weak. Accordingly, drawing on RBV, we examined the performance implications of financial capital availability and resource flexibility on the financial literacy-firm performance relationship of entrepreneurial firms operating in a less developed market setting. Using a survey-based approach and employing OLS, we examined 298 entrepreneurial firms operating Ghana, a sub-Saharan African country. Our findings indicate that financial literacy improves firm performance and particularly so when resources are flexible and entrepreneurs are able to access finance with ease
Embargo
The financing behaviour of firms and financial crisis
(Emerald, 2014) Danso, Albert; Adomako, Samuel
Purpose – The purpose of this paper is to contribute to the capital structure literature by examining the determinants of capital structure from the context of South Africa and to provide evidence of the effects of the 2007/2008 global financial crisis on firm-level determinants of debt-equity choice. Design/methodology/approach – This paper begins by embarking on an extensive review of literature on extant empirical research on capital structure. The panel econometric technique is further adopted to examine firm-level determinants of capital structure and also the impact of 2007/2008 financial crisis. Findings – The findings of the paper suggest that theories of capital structure underpinning debt-equity choice of firms in developed economies are also applicable in the South African context. The authors also find a strong evidence of the effects of the financial crisis on the capital structure of firms in South Africa. Practical implications – This paper serves as springboard on which further research can be grounded and also highlights the interaction between the South African economy and the global economy. Originality/value – The paper provides a fresh evidence on the determinants of capital structure from the Sub-Saharan African context and to the authors’ knowledge, this is the first paper that examines the effects of the 2007/2008 financial crisis on capital structure of firms in South Africa.
Open Access
Going green, going clean: Lean-green sustainability strategy and firm growth
(Wiley, 2019-06-26) Lartey, Theophilus; Owusu-Yirenkyi, Diana; Adomako, Samuel; Danso, Albert; Amankwah-Amoah, Joseph; Alam, Ashraful
Despite the widespread recognition of the paybacks of “going green” and “going clean”, limited research has focused on the impact of lean-green strategy on firm growth. In this study, we contribute to strategy and environmental sustainability literatures by investigating the possibility that the influence on lean-green strategy and firm growth is driven by different levels of industry competition, managerial power and family ties. Using panel data from 732 firms in four major industrialised economies (the US, Germany, France and the UK), we found that lean-green strategy positively relates to firm growth and this relationship is amplified at higher levels of competition, managerial power and family ties. Theoretical and practical implications of the study are also discussed.
Open Access
Home country Institutional Impediments and International Expansion of Developing Country SMEs
(Elsevier, 2020-05-26) Adomako, Samuel; Frimpong, Kwabena; Danso, Albert; Amankwah-Amoah, Joseph; Uddin, Moshfique; Kesse, Kwabena
Though institutional contexts are critical drivers of firms’ international expansion, very limited research efforts have focused on how and when these factors facilitate developing country firms’ outward market activities. This study derives insights from the institution-based view and activity theory to test how perceived environmental uncertainty mediates the link between institutional impediments and international expansion. Using data from small and medium-sized firms from Ghana (N=222) and Ethiopia (N=203), the findings suggest that high levels of perceived regulatory and cognitive impediments amplify the mediation effect of perceived environmental uncertainty on the degree of SME’s international expansion. Additionally, the findings suggest that, when political connections are well-developed and deployed, the potency of perceived environmental uncertainty as a driver of international expansion is attenuated. Moreover, the study finds that varying levels of home-country industry competition moderate the relationship between perceived environmental uncertainty and the degree of international expansion. Implications relating to theory and practice are discussed.
Embargo
Institutional outlook of the entrepreneurial climate in Ghana
(Emerald, 2015) Adomako, Samuel; Danso, Albert; Ampadu, Ernest
Purpose – Previous scholarly studies on institutions tend to create a sombre picture of institutions by ignoring to examine the antecedents of formal and informal institutions. The purpose of this paper is to overcome this limitation by proposing a conceptual framework of the antecedents of formal and informal institutions of entrepreneurial climate in a less developed market setting. Design/methodology/approach – This study builds on a comprehensive survey of the literature on institutions by using a synthesis thematic methodology to identified key scholarly studies which have been published in previous theoretical and empirical studies and proposes a conceptual framework of the role of formal and informal institutions in defining entrepreneurial climate in a developing economy’s context. Findings – The findings of the paper suggest that political factors and economic factors define formal institutions whilst socio-cultural factors define informal institutions. These factors rooted in political, economic and socio-cultural factors have a major influence on the rate and nature of entrepreneurial activity in a developing country setting. Practical implications – This paper contributes to the literature on entrepreneurship and intuitional theory by focusing on the antecedents of formal and informal institutional factors that shape entrepreneurial climate in Ghana. Originality/value – To the authors’ knowledge, this is the first review that explores the nature of entrepreneurial climate and proposes a conceptual framework of the role of formal and informal institutions in defining entrepreneurial climate in Ghana.
Open Access
Institutional voids, international learning effort and internationalization of emerging market new ventures
(Elsevier, 2019-05-03) Adomako, Samuel; Amankwah-Amoah, Joseph; Obeng Danquah, George; Danso, Albert; Donbesuur, Francis
Much of the existing scholarly works portray institutional voids (IVs) in emerging economies as impeding forces against the development of new ventures. However, little attention has been paid to how such voids generate positive outcomes in emerging market new ventures. Drawing on the institutional theory, we propose IVs as crucial enablers of new venture internationalization. In addition, we investigate both how and when IVs enhance the degree to which new ventures internationalize by examining international learning effort (ILE) as a mediator and two domestic market environmental factors (i.e., environmental dynamism and competitive intensity) as important contingencies. We test our moderated mediation model using primary data gathered from 211 new ventures from Ghana. We found that ILE mediates the relationship between IVs and new venture internationalization and that both environmental dynamism and competitive intensity moderate the indirect relationship between home-country IVs and new venture internationalization. We discuss the theoretical and practical implications of this study.
Open Access
Market Sentiment and Firm Investment Decision-Making
(Elsevier, 2019-07-04) Danso, Albert; Lartey, Theophilus; Amankwah-Amoah, Joseph; Adomako, Samuel; Lu, Qinye; Uddin, Moshfique
While research on factors driving corporate investment decisions has blossomed, knowledge related to the Chief Executive Officer’s (CEO’s) market sentiment on investment decision outcomes is lacking. In this study, we extend the existing corporate finance literature by examining the underexplored issue of how CEOs’ market sentiment drives firms’ investment decisions. Capitalising on a large sample of US firms for the period 2004-2014, we uncovered some crucial observations. First, we found empirical support for our theoretical contention that market sentiment drives corporate investment decisions. Second, we established that, while financial flexibility induces managers to overinvest, the expectation of future profitability leads firms to underinvest during high sentiment periods. In addition, we uncovered that the 2007/08 financial crisis significantly impacted firm behaviour and realigned managerial decision-making. Thus, the sentiment-investment relationship is more pronounced during the crisis and the post-crisis periods. Our results are robust after accounting for the possibility of endogeneity and using alternative measures of both CEOs’ market sentiment and firm investment.
Embargo
The moderating influence of financial literacy on the relationship between access to finance and firm growth in Ghana
(Taylor and Francis, 2015-10-29) Adomako, Samuel; Danso, Albert; Damoah, John Ofori
The literature on access to finance has confirmed a positive relationship between access to finance and firm growth. Yet the boundary conditions for such linkage are less examined in the context of developing economies. This study draws on resource-based view to introduce financial literacy as a moderator of the relationship between access to finance and firm growth. This theoretically derived research model is empirically tested using survey data from 201 small and medium-sized enterprises in Ghana. Our empirical findings suggest that financial literacy positively enhances the access to finance-firm growth relationship.
Embargo
Perceived regulator/ burden, institutional ties, financial resource capability and corporate social performance in a sub-Saharan African economy.
(2016) Adomako, Samuel; Dankwah Obeng, George; Ankomah Opoku, Robert; Danso, Albert
This study adopts the institutional, slack resource and social capital theories to examine the perceived regulatory burden-corporate social performance (CSP) link and the moderating effects of this relationship. The theoretical model was validated using confirmatory factor analysis and hierarchical regression on survey data from 287 small and medium-sized enterprises (SMEs) in Ghana. The empirical findings suggest that perceived regulatory burden is negatively related to CSP and that the level of institutional ties and financial resource capability amplify the perceived regulatory burden-CSP relationship such that the relationship is more negative and significant for higher institutional ties and financial resource capability.
Embargo
Regulatory environment, environmental dynamism, political ties, and performance: Study of entrepreneurial firms in a developing economy
(Emerald, 2014) Adomako, Samuel; Danso, Albert
Purpose – Regulatory environment, environmental dynamism, and political ties are typically modelled as separate antecedents of firm performance. However, the boundary conditions for such models are less examined in a developing country context where regulatory environments have been argued to be weak. Accordingly, drawing on institutional and social capital theories, the purpose of this paper is to examine the interrelationship between regulatory environment, political ties, environmental dynamism, and firm performance. Design/methodology/approach – The study uses primary data gathered from 372 entrepreneurial firms in Nigeria, a Sub-Saharan African country. Findings – The findings of the paper suggest that that regulatory environment is negatively related to firm performance. However, political ties and environmental dynamism moderate the regulatory environment-firm performance relationship such that such relationship is positive and significant. Research limitations/implications – First, the study provides important insights on how weak and underdeveloped regulatory environment negatively affect the performance of firms. In other words, the study represents a response to call for the development of better regulatory environment since regulatory environment plays significant role in firm performance. Second, this study also demonstrates the importance of political ties and environment dynamism on firm performance in an emerging economy such as Nigeria where regulatory environment is weak. Originality/value – To the authors’ knowledge, this study is the first study from the perspective of Sub-Saharan Africa that examine the moderating role of political ties and environmental dynamism on regulatory environment-firm performance relationship.