Browsing by Author "Amankwah-Amoah, Joseph"

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    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.
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    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.
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    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
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    Environmental sustainability practices and offshoring activities of multinational corporations across emerging and developed markets
    (International Business Review, 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.
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    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.
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    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.
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    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.
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    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.
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    R&D intensity, knowledge creation process and new product performance: the mediating role of international R&D teams
    (Elsevier, 2019-09-03) Adomak, Samuel; Amankwah-Amoah, Joseph; Danso, Albert; Danquah, Joseph K.; Hussain, Zahid; Khan, Zaheer
    Although previous studies have shown the positive effect of research and development (R&D) intensity on new product performance (NPP), our understanding about the mechanisms through which R&D intensity influence NPP is less understood. In this paper, we focus on the mediating role of international R&D teams in explaining the effect of R&D intensity on NPP. Since R&D teams are dispersed across the globe, thus examining the role of international R&D teams will provide a more nuanced understanding of the mechanisms through which R&D intensity contributes to NPP. Using survey data from 201 Ghanaian firms engaged in internationalisation activities, the results suggest that the use of international R&D teams mediates the relationship between R&D intensity and NPP. Moreover, the findings indicate that the use of international R&D teams improves NPP and that this linkage is amplified when the knowledge creation process inside the firm is stronger. We discuss the implications of these findings for theory and practice.
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    Strategic agility of SMEs in emerging economies: Antecedents, consequences and boundary conditions
    (Elsevier, 2022-08-30) Adomako, Samuel; Amankwah-Amoah, Joseph; Donbesuur, Francis; Ahsan, Mujtaba; Danso, Albert; Uddin, Moshfique
    This study investigates the effects of firm-level capabilities, and their relationships with strategic agility and the international performance of small and medium-sized enterprises (SMEs). Using time-lagged data from 233 internationalizing SMEs from Ghana, we test the direct relationships between SMEs’ capabilities and strategic agility. Additionally, we examine the indirect relationships between technological and networking capabilities and superior performance in international markets through the mediating mechanism of strategic agility. We also investigate the moderating effects of environmental dynamism and internationalization knowledge on the relationship between strategic agility and international performance. Our findings provide a nuanced view of the relationship between the firm-level capabilities, strategic agility and SMEs’ international performance.
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    Sustainability orientation, CSR implementation and new venture growth
    (Emerald, 2022-04-07) Danso, Albert; Adomako, Samuel; Amankwah-Amoah, Joseph; Lartey, Theophilus
    Purpose: Building on the upper echelons theory and sustainability orientation (SO) literature, we examined the possibility that the relationship between chief executive officers’ (CEOs’) SO and venture growth might be mediated by levels of CSR implementation. Design/methodology/approach: We used data obtained from from 211 new ventures operating in Ghana. Multiple regression analysis was used to test the hypotheses. Findings: We found that CSR implementation mediates the relationship between SO and venture growth. In addition, we found that, at higher levels of financial slack, the effect of SO on CSR implementation is attenuated. However, our results show that, at higher levels of CEO power, the influence of SO on CSR implementation is amplified. Originality: To the best of our knowledge, this study is among the first to examine mediating role of CSR implementation in the relationship between SO and venture growth, and also, examines two internal contingency factors (i.e., CEO power and financial slack) on this association. Theoretical/Academic Implications: This study builds on prior scholarly works by articulating a key managerial characteristic that shapes the implementation of environmental and social policies. Specifically, we show that SO influences venture growth through CSR implementation. We also provide insights on the connection of CSR implementation to growth of new business ventures. Practitioner/Policy Implications: Our study encourages CEOs to voluntarily adopt CSR and sustainability initiatives. The analysis also reinforces the need that higher levels of CEO power have a major impact in amplifying the effects of sustainability orientation on degree of CSR implementation. There is a need for government to create forums where organizational decision-makers, i.e., CEOs, exchange not only the best knowledge about CSR implementation and sustainability, but also best practices to provide opportunities for cross fertilization of ideas and increased innovations.