Browsing by Author "Sambian, Robert"

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    The effect of pricing Strategy on the Sustainability of Microfinace Institutions: Evidence from Ghana
    (British Accounting and Finance Association, 2023-04-17) Sambian, Robert; Atiase, Victor; Salia, Samuel; Mgbame, Chijoke Oscar
    The pricing mechanisms of Microfinance Institutions (MFIs) contribute to their efficiency, thereby improving their sustainability and competitiveness. However, whether these pricing mechanisms are right and promote the acclaimed social logic of microfinance delivery remains largely under-researched. Adopting the Cycle Theory (LT), this paper investigates the predictors of financial sustainability of MFIs with a specific focus on the moderating role of microcredit pricing in Ghana. Using primary data collected from 334 MFIs in Ghana, the study through Partial Least Square Regression Modelling (PLS-SEM), tested the effects of four main factors of sustainability namely capitalization (CAP), deposits (DEP), portfolio at risk (PaR), technology (TECH). Secondly, the study tested the moderating role of pricing (P) on MFI sustainability. Our research evidence indicates that at 5% significance level, higher levels of capitalization, deposits and technology have a significant positive impact on MFI sustainability in Ghana. However, portfolio at risk (PaR) has a significant negative impact on the sustainability of MFIs in Ghana. The study also reveals that microcredit pricing in Ghana has a significant moderating effect on the relationship between Capitalisation and financial sustainability. The study, therefore, conceptualizes the determinants of MFI financial sustainability in the context of Ghana as well as the contingency role of microcredit pricing in this relationship. It also offers practical insights as to how institutional arrangements and appropriate pricing of microcredit matter in the development of financially sustainable MFIs that can consistently provide the poor with financial services. Keywords: Ghana, Microfinance, Microcredit prici
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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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    Healthcare Financing Gaps, Schemes and Life Expectancy in Africa
    (2023-04-17) Patronella, Ganza; Atiase, Victor; Agbanyo, Senyo; Ameh, Johnson Kwesi; Sambian, Robert
    One of the challenges facing all nations currently is the means to achieve Sustainable Development goals particularly relating to health outcomes by 2030. In this regard, health financing schemes become very crucial. In the African context, many countries appear to be inadequately financing their health systems to obtain better health outcomes for their citizens. Drawing on the Prospect Theory (PT), we examine the cumulative effect of Compulsory Financing Arrangements (CFA), Government Financing Arrangements (GFA), Compulsory Health Insurance (CHI), Social Health Insurance (SHI), and Voluntary Health Arrangements (VHA) on Life expectancy (LE) across 48 African countries. Using a longitudinal study with panel data between 2004-2019, our data evidence suggests that while both government financing arrangements and social health insurance schemes have a negative impact on life expectancy in Africa, compulsory health insurance positively affects life expectancy. However, the employment ratio in Africa has a moderating effect on female life expectancy. To increase life expectancy, African governments need to create innovative measures that increase health system budgets and policy measures that are directed at investments in better pooling of health financing revenues. We conclude by outlining some relevant implications for the theory and practice of health financing policy planning in Africa.
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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
    (Edward Elgar, 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.
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    The value creation process and governance of the African NonTraditional Export Sector
    (British Academy of Management, 2021-08) Atiase, Victor; Agbanyo, Senyo; Ameh, Johnson; Sambian, Robert; Ganza, Patronela; Ishie, Zephaniah, Chukwunalu
    The Non-Traditional Export (NTE) sector promises to be the antidote to Africa’s economic woes in the face of the dwindling nature of traditional exports. Adopting Porters value chain framework, we explore how beverage companies engaged in the NTE create value in their upstream, midstream, and downstream activities through effective governance, application of focused technology and skill development. In exploring these intricacies arising from African GVCs, we draw on two major case studies from South Africa and Ghana. Our study shows that the NTE sector has the potential to change the poverty dynamics in Africa, contribute to industrialisation as well as create international competitiveness for African firms. Nevertheless, having the right mix of factors of production, institutional support, adequate financing, infrastructural development, internet connectivity, investment in skill development and research and development (R&D) will account for the differential performance of African firms in global trade.