Browsing by Author "Ganza, Patronella"

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    Investigating Financial Resilience and Survivability of SMEs in Africa: A Panel Study
    (Institute of Small Business and Entrepreneurship, 2022-10-27) Atiase, Victor; Agbanyo, Senyo; Ganza, Patronella; Ameh, Johnson Kwesi
    Aim of the Study The unprecedented economic crisis created by the COVID-19 pandemic has renewed the debate on SME resilience in dealing with such pandemics and other business shocks. SME resilience largely depends on the financial capability of the SME as well as the presence of various environmental factors serving as coping mechanisms. Thus, financial capability supports the ability of the SME to adapt to both internal and external shocks, which usually forms an integral part of an organisational resilience strategy for survivability. Methodology Through a deductive research approach, this study adopted a longitudinal research design using twelve (12) year secondary data on five (5) predictors of financial resilience, namely public policy, specific tax policies, SME training, R&D, and accounting and assessment services for 20 African countries. A two-stage hierarchical Multiple Linear Regression (MRL) was executed to test five hypotheses relating to SME financial resilience in Africa. Contribution Our evidence indicates that effective public and tax policies, R&D, and accounting and assessment services significantly promote the financial resilience of SMEs in Africa. However, SME tailored training is statistically insignificant in creating financially resilient SMEs. African governments are therefore expected to augment training and capability programmes towards the creation of sustainable SMEs because African SMEs are financially fragile due to the weak institutional and technological environments in which they operate. It is, therefore, recommended that African SMEs build their internal capacities, particularly in developing their 2 human resource capacities for effective decision-making, which is crucial during pandemics and business shocks. Implications for Policy Firstly, this study has developed an efficient and robust framework that can be adopted in sustaining the operations of SMEs in serious pandemic situations in Africa. Therefore, governments in Africa should ensure that their SMEs are supported with effective policies that aim at strengthening capability and skill development, making research findings available to SMEs, and implementing friendly taxation and regulatory policies coupled with the streamlining of accounting and assessment services. Implications for Practice Investing in SME survival has a tremendous benefit for African economies as well as for individuals and their families (Chavis et al., 2009). To this end, increased financial resilience promotes SMEs' survivability which eventually improves the productivity levels of SMEs and their survival (Xue & Klein, 2010). It is equally important to emphasise the immeasurable role of the market dynamics regarding demand and supply relationships in accessing the right information for competitive advantage development, as indicated in the strategic factor market theory (Barney, 1986).
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    Sustaining healthcare financing in Africa: the stakeholder approach
    (Academy of Sustainable Finance, Accounting, Accountability and Governance, 2022-06-26) Ganza, Patronella; Atiase, Victor; Ameh, Johnson; Sambian, Robert; Agbanyo, Senyo
    A key challenge in meeting the Sustainable Development Goals (SDGs) by 2030 is the achievement of universal health coverage for all. To achieve this, providing adequate budgetary allocations to create a resilient healthcare system is inevitable. However, many developing countries, particularly in Africa, seem to be inadequately financing their healthcare systems and developing innovative healthcare financing systems to have a positive impact on life expectancy. Adopting a Smart PLS Structural Equation Modelling (Smart PLS-SEM) with a panel data between 2004-2019 and drawing on the stakeholder theory (ST), we examine the cumulative effect of Domestic healthcare expenditure, Out-of-pocket health expenditure, External healthcare expenditure and Voluntary health expenditure on Life Expectancy across 48 African countries. Our data evidence suggests that both Domestic and External healthcare financing sources do not have any impact on life expectancy in Africa. African governments seem to over depend on Central Government Debts to finance their health systems. Secondly, Out-of-pocket payments have a negative impact on life expectancy in Africa. Finally, the current practice and delivery of Voluntary health insurance schemes in Africa seem to have a negative impact on the life expectancy population. However, the employment ratio in Africa has a positive moderating effect on female life expectancy. We, therefore, argue that African countries need to seek much more buoyant and innovative financial resources to increase their budgetary allocations in creating a resilient healthcare system. We conclude by delineating some relevant implications of our study for the theory and practice of health financing policy planning in Africa
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    Understanding SME Financial Resilience and Survivability in Africa
    (2022-12) Atiase, Victor; Agbanyo, Senyo; Ganza, Patronella; Ameh, Johnson Kwesi; Sambian, Robert
    The unprecedented economic crisis created by the COVID-19 pandemic has renewed the debate on SME resilience in dealing with such pandemics and other business shocks. SME resilience largely depends on the financial capability of the SME as well as the presence of various environmental factors serving as coping mechanisms. This financial capability supports the ability of the SME to adapt to both internal and external shocks, which usually forms an integral part of an organisational resilience strategy for survivability. Adopting a deductive research approach, this study has adopted a longitudinal research design using twelve 12-year data on five (5) predictors of financial resilience, namely public policy, specific tax policies, SME training, R&D, and accounting and assessment services for 20 African countries. Multiple linear regression was executed to test five hypotheses relating to SME financial resilience in Africa. In analysing the research evidence on SME resilience in Africa through the strategic factor market theory, we found that effective public and tax policies, R&D, and accounting and assessment services significantly promote the financial resilience of SMEs in Africa. However, SME tailored training is statistically insignificant in creating financially resilient SMEs. African governments are therefore expected to augment training and capability programmes towards the creation of sustainable SMEs because African SMEs are financially fragile due to the weak institutional and technological environments in which they operate. It is, therefore, recommended that African SMEs build their internal capacities, particularly in developing their human resource capacities for effective decision making, which is crucial during pandemics and business shocks. This study has implications for the theory and practice of SME financial resilience and survivability in Africa.