Browsing by Author "Dzansi, Dennis"

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    Does Microcredit Increase Household Wellbeing? Empirical Evidence from Ghana: A Panel Study.
    (Institute of Small Business and Entrepreneurship, 2022-10-27) Ameh, Johnson Kwesi; Atiase, Victor; Dzansi, Dennis
    Aim of the Study The wellbeing of a microfinance borrower’s household is one of the topical issues being highlighted as a result of the current commercialization of the microfinance sector Drawing on the institutional theory, the study examines the impact of microcredit on borrowers’ household wellbeing in Ghana. This study aims at investigating the impact of five key major microcredit variables namely; loan amount, loan cost, loan repayment flexibility, loan accessibility as well as loan usage on borrowers' household wellbeing in Ghana. Methodology This study adopted the Smart Partial Least Square Structural Equation Modelling tool (PLS-SEM) in measuring the impact of microcredit on SME borrowers’ household wellbeing. Deploying the stratified random technique, 455 SMEs in Ghana constituted the study’s primary data source. Microcredit (MC) and SME borrowers’ household wellbeing (BHW) were both measured on the five-point Linkert scale ranging from strongly disagree (1) to strongly agree (5) while Contribution 2 The study established the critical role of microcredit factors such as loan repayment flexibility, flexibility in loan access, and loan usage in the promotion of the wellbeing of SME borrowers’ households (Omondi & Jagongo, 2018). These factors are statistically significant in explaining the SME borrowers’ household well-being. Nonetheless, the adequacy of the loan amount and loan cost is statistically insignificant. Further, the indirect effect of gender as a moderator between loan accessibility and SME borrowers’ households is insignificant. Implications for Policy Sustained deployment of microcredit to SMEs instigates their survivability and productivity levels which triggers improvements in the wellbeing of their household. Therefore, institutions such as the Central Bank of Ghana should regulate the microfinance sector to promote the wellbeing of clients in their attempt to access microcredit from MFIS. This will reduce the numerous voids to promote a seamless deployment of microcredit to the SME sector (North, 1990). Implications for Practice Sustained microcredit investments in the SME sector portend huge positive outcomes including tremendous improvement in the wellbeing of the SME borrower's household and the entire economies in developing countries (Toindepi, 2016). Consequently, increased deployment of microcredit to SMEs to instigate their survivability and eventually improve their productivity levels and the wellbeing of their household is imperative (Roy & Mohanty, 2020). It must be emphasised as well the invaluable roles of state institutions in promoting the required conducive environments for the sustenance of the SME sector as regards the institutional structures to reduce the numerous voids and facilitate a seamless deployment of microcredit to the SME sector (North, 1990).
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    Examining the Role of Regulation in the Commercialisation of Indigenous Innovation in Sub-Saharan African Economies: Evidence from the Ghanaian Small-Scale Industry
    (MDPI, 2022-09-15) Adjimah, Harrison; Atiase, Victor; Dzansi, Dennis
    Understanding the factors that drive the successful commercialisation of indigenous innovation in Sub-Saharan African economies is still limited. From both policy and theoretical perspectives, regulation is one factor that remains crucial for the successful commercialisation of innovation. However, the empirical evidence is still unclear regarding its effect on firm performance, urging the need for more evidence from different economies, sectors, and firms. This study, therefore, examined the effects of regulation on the performance of firms engaged in the commercialisation of indigenous innovation in the Ghanaian small-scale industry, a typical low-income economy in Sub-Sahara Africa. From the frugal innovation theoretical perspective, the study assumed that firms engaged in the commercialisation of indigenous innovation in such low-income economies operate in an environment with regulatory gaps and voids. Using a sample survey of 557, it deployed PLS-SEM to test the effects of regulation on key successful commercialisation metrics. The findings show that at a 5% statistical significance level, regulation has significant positive effects on sales, employment, and owners’ feelings of success. Regulation also positively moderates the influence of finance and organisational factors on overall firm performance. The study provides leading evidence of the effect of regulation on the commercialisation of indigenous innovation from Ghana and adds to the clarification of the impact of regulation. It suggests that in such low-income economies, the policy must consider more balanced and appropriate regulations, not less, or deregulating to promote indigenous innovation.
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    Financial bootstrapping and survivability in family firms: A resource-based perspective
    (British Academy of Management, 2021-08-31) Ameh, Johnson; Atiase, Victor; Dzansi, Dennis; Agbanyo, Senyo; Sambian, Robert; Ganza, Patronela; Ishie, Zephaniah Chukwunalu
    Financial bootstrapping (FB) is a resource-dependent management strategy within the contingencies of organizing in small businesses. In this regard, the notion of start-up and operational capital has become an important ingredient in the performance of family businesses, particularly in resource-scarce environments. Drawing on the resource-based view theory (RBV) and a multiple case study design, we examine the various bootstrapping strategies of family businesses in the context of relatively underdeveloped institutions and markets. Following family businesses being at the convergence point of resource constraint, we show why some family businesses are more likely to survive than others. Our data evidence suggests that to ensure financial sustainability, longevity, survivability, and competitive advantage in family businesses, the use of both inward and outward bootstrapping strategies is crucial. Nevertheless, the use of personal and family financial resources is widely practised in resource-scarce environments. We conclude by delineating some relevant implications of our study to policy and research regarding the survival of family businesses.
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    Financial mechanisms in promoting indigenous innovations in developing countries: below-the-radar-theory perspective
    (British Academy of Management, 2022-08-31) Adjimah, Harrison P.; Atiase, Victor; Dzansi, Dennis
    Government incentives are critical to the successful commercialisation of innovations, yet, there are concerns about their efficacy. This study explores the impact of government incentives on the successful commercialisation of indigenous innovations in low-income economies. The theoretical framework built on the below-the-radar theory of innovation has used a sample of 557 firms engaged in the commercialisation of indigenous innovation in the Ghanaian Small-Scale Industry. A partial least squares structural equation modelling (PLS-SEM) was executed to assess 11 hypothesised paths based on a validated questionnaire. The model results indicate that supply-side incentives are insignificant on sales and profitability but have a positive impact on employment growth. The direct and moderating effect of market factors on overall firm performance is also insignificant. However, the demand-side incentives to buyers have a significant positive impact on all the performance metrics and also positively moderate market factors. The main limitation of the study is that the data used in the study were self-reported, where respondents gave their assessments of their innovation performance. However, it is believed SME owners would reflect better on their realities when doing subjective assessments. The current analysis seems to favour demand-side incentives, yet, the study is more of a supply-side view as it measures the effects of government incentives on successful commercialisation from the perspective of firms. This study is original with its focus on the commercialisation of indigenous innovations in the context of low income economies. Commercialising indigenous innovations could be the antidote to the development challenges facing developing economies. Few studies, if any, have explored the impact of government incentives on indigenous innovation in the context of low-income economies. Therefore, this study is novel in its execution and application to practice and theory.
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    Managerial Resilience and Performance: A Human Capital Approach
    (Institute of Small Business, 2019-11-14) Atiase, Victor; Dzansi, Dennis; David, Sarpong
    Managerial resilience is a strategic resource within the contingencies of organizing in small businesses. In this regard, the notion of resilient human capital has come to dominate the contemporary discourse on the performance of Micro and Small Enterprises. Drawing on human capital theory as a meta-theoretical lens, we examine the cumulative effect of managerial training on the performance of Micro and Small Enterprise (MSE) in the context of relatively underdeveloped institutions and markets. Employing a quantitative research methodology, data for our empirical inquiry comes from a survey of 506 Ghanaian MSEs operating in diverse sectors of the economy. Following MSEs being at the convergence point of resource constraint, we show why some firms’ managers are more likely to exhibit managerial resilience than those in other firms. Our data evidence suggest that targeted managerial training, in practice, has the potential to strengthen managerial resilience. Nevertheless, the content, efficiency, and frequency of the training received, we argue, accounts for the differential performance of managers within the contingencies of everyday organizing. We conclude by delineating some relevant implications of our study for the theory and practice of managerial resilience nurturing in organizing.
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    Technological absorption as a growth strategy among indigenous African firms: A resource-based perspective
    (Inderscience, 2021-07-01) Atiase, Victor; Dzansi, Dennis; Ameh, Johnson Kwesi
    Technology absorption has become an important driving force for firm competition, strategy and survival. Consequently, the capacity of African firms to absorb the right technology has dominated the contemporary discourse on the performance of African firms. Drawing on the resource-based view (RBV) theory and employing ordinary least squares regression model (OLS), we investigated the impact of human capital, access to credit, and electricity on the technology absorption capacity of African firms. Our evidence suggests that technology absorption in practice has the potential to increase performance. Nevertheless, a broad access to credit, electricity, and effective human capital development, we argue, accounts for the differential performance of African firms in developing technology absorption capacity. While education quality in promoting technology absorption in Africa is essential, governance structures do not seem to support the same. We conclude by delineating relevant implications of our study for policy and practice of technology absorption in Africa.