Subjects -> BUSINESS AND ECONOMICS (Total: 3570 journals)
    - ACCOUNTING (132 journals)
    - BANKING AND FINANCE (306 journals)
    - BUSINESS AND ECONOMICS (1248 journals)
    - CONSUMER EDUCATION AND PROTECTION (20 journals)
    - COOPERATIVES (4 journals)
    - ECONOMIC SCIENCES: GENERAL (212 journals)
    - ECONOMIC SYSTEMS, THEORIES AND HISTORY (235 journals)
    - FASHION AND CONSUMER TRENDS (20 journals)
    - HUMAN RESOURCES (103 journals)
    - INSURANCE (26 journals)
    - INTERNATIONAL COMMERCE (145 journals)
    - INTERNATIONAL DEVELOPMENT AND AID (103 journals)
    - INVESTMENTS (22 journals)
    - LABOR AND INDUSTRIAL RELATIONS (61 journals)
    - MACROECONOMICS (17 journals)
    - MANAGEMENT (595 journals)
    - MARKETING AND PURCHASING (116 journals)
    - MICROECONOMICS (23 journals)
    - PRODUCTION OF GOODS AND SERVICES (143 journals)
    - PUBLIC FINANCE, TAXATION (37 journals)
    - TRADE AND INDUSTRIAL DIRECTORIES (2 journals)

MANAGEMENT (595 journals)                  1 2 3 | Last

Showing 1 - 200 of 584 Journals sorted alphabetically
360 : Revista de Ciencias de la Gestión     Open Access   (Followers: 2)
Academia Revista Latinoamericana de Administración     Open Access   (Followers: 1)
Academy of Management Annals     Full-text available via subscription   (Followers: 81)
Academy of Management Discoveries     Full-text available via subscription   (Followers: 38)
Academy of Management Journal     Full-text available via subscription   (Followers: 285)
Academy of Management Perspectives     Full-text available via subscription   (Followers: 60)
Academy of Management Review     Full-text available via subscription   (Followers: 256)
Academy of Strategic Management Journal     Full-text available via subscription   (Followers: 39)
Administrative Science Quarterly     Full-text available via subscription   (Followers: 150)
Advances in Management and Applied Economics     Open Access   (Followers: 8)
Africa Journal of Management     Hybrid Journal   (Followers: 2)
African Journal of Business Management     Open Access   (Followers: 1)
African Journal of Economic and Management Studies     Hybrid Journal   (Followers: 10)
Al Tijarah     Open Access   (Followers: 1)
American Journal of Business and Management     Open Access   (Followers: 51)
American Journal of Industrial and Business Management     Open Access   (Followers: 24)
American Journal of Mathematical and Management Sciences     Hybrid Journal  
American Journal of Operational Research     Open Access   (Followers: 6)
American Journal of Operations Research     Open Access   (Followers: 6)
Aquaculture Economics & Management     Hybrid Journal   (Followers: 21)
Asia Pacific Journal of Innovation and Entrepreneurship     Open Access   (Followers: 3)
Asia Pacific Journal of Management     Hybrid Journal   (Followers: 17)
Asia Pacific Management Review     Full-text available via subscription   (Followers: 2)
Asia-Pacific Journal of Management Research and Innovation     Full-text available via subscription  
Asian Business & Management     Hybrid Journal   (Followers: 6)
Asian Journal of Management Cases     Hybrid Journal   (Followers: 6)
Asian Journal of Management Science and Applications     Hybrid Journal   (Followers: 3)
Asian Journal of Social Sciences and Management Studies     Open Access   (Followers: 6)
Asian Journal of Technology Management     Open Access   (Followers: 1)
Asian Journal on Quality     Hybrid Journal   (Followers: 3)
Australasian Law Management Journal     Full-text available via subscription   (Followers: 3)
Australasian Leisure Management     Full-text available via subscription   (Followers: 2)
Australian Journal of Management     Hybrid Journal   (Followers: 8)
Baltic Journal of Management     Hybrid Journal   (Followers: 3)
BMC Journal of Scientific Research     Open Access   (Followers: 2)
BMC Medical Informatics and Decision Making     Open Access   (Followers: 21)
Board Leadership     Hybrid Journal   (Followers: 3)
Brigham Young University International Law and Management Review     Open Access   (Followers: 2)
British Journal of Management     Hybrid Journal   (Followers: 54)
BRQ Business Review Quarterly     Open Access   (Followers: 1)
Building & Management     Open Access   (Followers: 2)
Built Environment Project and Asset Management     Hybrid Journal   (Followers: 13)
Bulletin of Kyiv National University of Culture and Arts. Series in Management of Social and Cultural Activity     Open Access  
Business and Management Horizons     Open Access   (Followers: 9)
Business and Management Studies     Open Access   (Followers: 11)
Business Management Analysis Journal     Open Access   (Followers: 3)
Business Management and Strategy     Open Access   (Followers: 38)
Business Perspectives and Research     Hybrid Journal   (Followers: 3)
Business Process Management Journal     Hybrid Journal   (Followers: 7)
California Management Review     Hybrid Journal   (Followers: 34)
Canadian Journal of Program Evaluation     Open Access   (Followers: 1)
Case Studies in Business and Management     Open Access   (Followers: 11)
Case Studies in Sport Management     Full-text available via subscription   (Followers: 7)
Central European Management Journal     Open Access   (Followers: 1)
Chinese Management Studies     Hybrid Journal   (Followers: 4)
Ciencias Administrativas     Open Access  
Coaching : Theorie & Praxis     Open Access   (Followers: 3)
Cogent Business & Management     Open Access   (Followers: 2)
Collection Management     Hybrid Journal   (Followers: 17)
Computational Management Science     Hybrid Journal  
Conference Quality Production Improvement     Open Access  
Construction Innovation: Information, Process, Management     Hybrid Journal   (Followers: 14)
Construction Management and Economics     Hybrid Journal   (Followers: 24)
Contabilidade, Gestão e Governança     Open Access  
Contaduría y Administración     Open Access  
Controlling & Management     Hybrid Journal   (Followers: 1)
Controlling & Management Review : Zeitschrift für Controlling und Management     Full-text available via subscription  
Corporate Board : Role, Duties and Composition     Open Access  
Corporate Governance and Organizational Behavior Review     Open Access  
Corporate Governance and Sustainability Review     Open Access   (Followers: 2)
Corporate Ownership and Control     Open Access  
Corporate Social Responsibility and Environmental Management     Hybrid Journal   (Followers: 10)
Creativity and Innovation Management     Hybrid Journal   (Followers: 54)
Cross Cultural & Strategic Management     Hybrid Journal   (Followers: 8)
Dalhousie Journal of Interdisciplinary Management     Open Access  
Data and Information Management     Open Access   (Followers: 5)
Decision : Official Journal of Indian Institute of Management Calcutta     Hybrid Journal  
Decision Analytics     Open Access   (Followers: 3)
Decision Analytics Journal     Open Access  
Desenvolve : Revista de Gestão do Unilasalle     Open Access  
Development Management     Open Access   (Followers: 1)
Dirāsāt : Jurnal Manajemen dan Pendidikan Islam     Open Access  
Disaster Prevention and Management     Hybrid Journal   (Followers: 30)
Ecological Management & Restoration     Hybrid Journal   (Followers: 15)
Economic Management Journal     Open Access   (Followers: 5)
Economics, Management, and Financial Markets     Full-text available via subscription   (Followers: 10)
Educational Management and Innovation Journal     Open Access  
Ekonomia i Zarzadzanie. Economics and Management     Open Access  
Electronic Government, an International Journal     Hybrid Journal   (Followers: 13)
Engineering Management Journal     Hybrid Journal   (Followers: 1)
Engineering Management Research     Open Access   (Followers: 6)
Engineering Project Organization Journal     Hybrid Journal   (Followers: 6)
Entrepreneurship Education     Hybrid Journal   (Followers: 1)
Environmental Management     Open Access   (Followers: 53)
Environmental Quality Management     Hybrid Journal   (Followers: 4)
Estudios Gerenciales     Open Access  
EuroMed Journal of Management     Hybrid Journal  
European Financial Management     Hybrid Journal   (Followers: 27)
European Journal of Business and Management     Open Access   (Followers: 20)
European Journal of Cross-Cultural Competence and Management     Hybrid Journal   (Followers: 6)
European Journal of Innovation Management     Hybrid Journal   (Followers: 22)
European Journal of Management Issues     Open Access   (Followers: 1)
European Management Journal     Hybrid Journal   (Followers: 16)
European Management Review     Hybrid Journal   (Followers: 20)
European Sport Management Quarterly     Hybrid Journal   (Followers: 14)
Expert Journal of Business and Management     Open Access  
Financial Internet Quarterly     Open Access  
Fokus Bisnis : Media Pengkajian Manajemen dan Akuntansi     Open Access  
Foundations and Trends® in Technology, Information and Operations Management     Full-text available via subscription   (Followers: 3)
Foundations of Management     Open Access   (Followers: 7)
Fundamental Management Journal     Open Access  
Future Business Journal     Open Access   (Followers: 2)
Future Studies Research Journal : Trends and Strategies     Open Access  
GECONTEC : Revista Internacional de Gestión del Conocimiento y la Tecnología     Open Access  
Gender in Management : An International Journal     Hybrid Journal   (Followers: 18)
Gestión en el Tercer Milenio     Open Access  
Global Strategy Journal     Hybrid Journal   (Followers: 7)
Group & Organization Management     Hybrid Journal   (Followers: 16)
Health Care Management Science     Hybrid Journal   (Followers: 6)
Health Services Management Research     Hybrid Journal   (Followers: 16)
Human Factors : The Journal of the Human Factors and Ergonomics Society     Full-text available via subscription   (Followers: 33)
Human Resource Management     Hybrid Journal   (Followers: 73)
Human Resource Management International Digest     Hybrid Journal   (Followers: 18)
Human Resource Management Journal     Hybrid Journal   (Followers: 73)
Human Resource Management Review     Hybrid Journal   (Followers: 59)
ICU Director     Hybrid Journal  
IEEE Engineering Management Review     Full-text available via subscription   (Followers: 117)
IIMB Management Review     Open Access   (Followers: 9)
IMA Journal of Management Mathematics     Hybrid Journal   (Followers: 1)
Impact Assessment and Project Appraisal     Hybrid Journal   (Followers: 4)
Independent Journal of Management & Production     Open Access   (Followers: 1)
Indian Journal of Corporate Governance     Full-text available via subscription  
Industrial Management & Data Systems     Hybrid Journal   (Followers: 8)
Industrial Marketing Management     Hybrid Journal   (Followers: 22)
Information Resources Management Journal     Full-text available via subscription   (Followers: 8)
Information Systems Management     Hybrid Journal   (Followers: 10)
Information Technology and Management     Hybrid Journal   (Followers: 10)
Innovation & Management Review     Open Access  
Innovation: Management, Policy & Practice     Hybrid Journal   (Followers: 16)
INOVATOR : Jurnal Manajemen     Open Access  
Intelligent Information Management     Open Access   (Followers: 7)
Intelligent Systems in Accounting, Finance & Management: International Journal     Hybrid Journal   (Followers: 3)
International Journal for Quality Research     Open Access   (Followers: 4)
International Journal of Advances in Management Science     Open Access   (Followers: 1)
International Journal of Agile Systems and Management     Hybrid Journal   (Followers: 3)
International Journal of Applied Management and Technology     Open Access   (Followers: 1)
International Journal of Applied Management Science     Hybrid Journal   (Followers: 4)
International Journal of Aviation Management     Hybrid Journal   (Followers: 5)
International Journal of Business and Data Analytics     Hybrid Journal   (Followers: 2)
International Journal of Business and Management     Open Access   (Followers: 13)
International Journal of Business Continuity and Risk Management     Hybrid Journal   (Followers: 22)
International Journal of Business Performance Management     Hybrid Journal   (Followers: 6)
International Journal of Business Process Integration and Management     Hybrid Journal   (Followers: 12)
International Journal of Business Science and Applied Management     Open Access   (Followers: 1)
International Journal of Commerce and Management     Hybrid Journal  
International Journal of Comparative Management     Hybrid Journal  
International Journal of Complexity in Leadership and Management     Hybrid Journal   (Followers: 27)
International Journal of Conceptual Structures and Smart Applications     Full-text available via subscription   (Followers: 2)
International Journal of Conflict Management     Hybrid Journal   (Followers: 14)
International Journal of Construction Management     Hybrid Journal   (Followers: 4)
International Journal of Contemporary Hospitality Management     Hybrid Journal   (Followers: 10)
International Journal of Corporate Strategy and Social Responsibility     Hybrid Journal   (Followers: 4)
International Journal of Cross Cultural Management     Hybrid Journal   (Followers: 7)
International Journal of Decision Sciences, Risk and Management     Hybrid Journal   (Followers: 7)
International Journal of Decision Support Systems     Hybrid Journal   (Followers: 2)
International Journal of Disaster Risk Science     Open Access   (Followers: 14)
International Journal of Educational Management     Hybrid Journal   (Followers: 5)
International Journal of Electronic Customer Relationship Management     Hybrid Journal   (Followers: 1)
International Journal of Electronic Governance     Hybrid Journal  
International Journal of Emergency Management     Hybrid Journal   (Followers: 10)
International Journal of Energy Sector Management     Hybrid Journal   (Followers: 2)
International Journal of Engineering Business Management     Open Access  
International Journal of Engineering Management and Economics     Hybrid Journal   (Followers: 3)
International Journal of Enterprise Network Management     Hybrid Journal  
International Journal of Entrepreneurship and Innovation Management     Hybrid Journal   (Followers: 27)
International Journal of Environment and Waste Management     Hybrid Journal   (Followers: 2)
International Journal of Environmental Technology and Management     Hybrid Journal  
International Journal of Event and Festival Management     Hybrid Journal   (Followers: 6)
International Journal of Financial Services Management     Hybrid Journal   (Followers: 1)
International Journal of Forensic Engineering and Management     Hybrid Journal   (Followers: 1)
International Journal of Global Business and Competitiveness     Hybrid Journal  
International Journal of Hospitality and Event Management     Hybrid Journal   (Followers: 3)
International Journal of Hospitality Management     Hybrid Journal   (Followers: 10)
International Journal of Human Resource Management     Hybrid Journal   (Followers: 52)
International Journal of Human Resources Development and Management     Hybrid Journal   (Followers: 24)
International Journal of Indian Culture and Business Management     Hybrid Journal  
International Journal of Information and Operations Management Education     Hybrid Journal   (Followers: 6)
International Journal of Information Systems and Change Management     Hybrid Journal   (Followers: 7)
International Journal of Information Systems and Project Management     Free   (Followers: 12)
International Journal of Information Technology Project Management     Full-text available via subscription   (Followers: 9)
International Journal of Innovation and Technology Management     Hybrid Journal   (Followers: 10)
International Journal of Innovation Management     Hybrid Journal   (Followers: 8)
International Journal of Integrated Supply Management     Hybrid Journal   (Followers: 4)
International Journal of Intercultural Information Management     Hybrid Journal   (Followers: 12)
International Journal of Internet and Enterprise Management     Hybrid Journal   (Followers: 1)
International Journal of Islamic and Middle Eastern Finance and Management     Hybrid Journal   (Followers: 7)
International Journal of Knowledge Management     Full-text available via subscription   (Followers: 13)
International Journal of Knowledge Management Studies     Hybrid Journal   (Followers: 29)
International Journal of Knowledge-Based Organizations     Full-text available via subscription   (Followers: 1)
International Journal of Law and Management     Hybrid Journal   (Followers: 2)

        1 2 3 | Last

Similar Journals
Journal Cover
African Journal of Economic and Management Studies
Journal Prestige (SJR): 0.216
Citation Impact (citeScore): 1
Number of Followers: 10  
 
Hybrid Journal Hybrid journal   * Containing 2 Open Access Open Access article(s) in this issue *
ISSN (Print) 2040-0705 - ISSN (Online) 2040-0713
Published by Emerald Homepage  [360 journals]
  • Performance of small businesses in Tangier: the perceptual role of
           location

    • Free pre-print version: Loading...

      Authors: Yassine Sefiani , Barry Davies , Robin Bown
      Abstract: This study seeks to investigate perceptions of the role of location on the performance of small and medium enterprises (SMEs) in Tangier, as understood by local owner-managers. To explore perceptions of the performance/location relationship for SMEs in Tangier, 20 in-depth online semi-structured interviews were conducted with selected owner-managers of SMEs. The judgement sample was selected to explore their experiences, beliefs and attitudes with respect to their performance and location. Findings of the study revealed that “location” is a salient factor that, in the minds of respondents, materially influences the performance of SMEs in Tangier. Location was mentioned extensively in the interviews, in relation to the “free zones”. Findings showed that firms located within the free zones enjoyed favourable economic conditions, in particular those related to taxation and competition, compared to their counterparts located outside the free zones, which were excluded from these benefits. Furthermore, perceived unfair competition (financial and fiscal incentives in the free zones) damages the performance of the SMEs in Tangier. These findings suggest that the placement of the business in relation to the free zones and in respondents' perception thus became an important financial and emotionally significant perspective on equality in relation to success. The findings of the study could encourage the government to adopt policies that will assist indigenous firms to benefit from advantages that are comparable to those that are available to those in the free zones. Greater attention to the perceptual effects of location would be advantageous. However, the exploratory nature of the study means that results cannot necessarily be generalised beyond the setting in which the data were collected. Future research should examine the impact of location for SMEs in a broader sample of countries. This study is among those few studies located in the Middle East North Africa (MENA) region that explore the performance of SMEs from the perceptions of owner-managers themselves and not based on aggregate or economic data. It supports previous findings of several studies and contributes additional evidence that suggests the significance of levelling the playing field and its impact on SME performance in the contemporary African business context.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-05-16
      DOI: 10.1108/AJEMS-02-2021-0086
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Pandemics and stock markets reactions: a panel analysis of emerging
           markets

    • Free pre-print version: Loading...

      Authors: Eric B. Yiadom , Abdallah Abdul-Mumuni
      Abstract: Pandemics and infectious diseases are almost becoming part of everyday human lives. In this study, the authors model the historical impact of pandemics on the various aspect of the stock market performance. The Arellano and Bond (1991) GMM is used in estimating the empirical model to help solve possible endogeneity, heteroscedasticity and serial correlation problems in static panel data problems. Particularly, the system GMM is used to control for both the levels and the first difference equations. The findings indicate that pandemics reduce the stock market turnover and the value of stock traded. But the stock market capitalization and the number of stock listings will not be affected within the pandemic period. Also, the authors report that the actual impact of the pandemic in terms of the number of people who die from the disease will badly influence all the four indicators of the stock market performances. This study opens up the frontiers to the use of panel modeling in this area of study which will influence future studies. Additionally, the authors have showcased that the number of deaths from communicable diseases (pandemics) disrupts all four measures of stock markets performance indicators; this finding will guide policymakers to develop a robust approach to fighting pandemics when they occur. The study is unique in two ways. Unlike recent studies that focus on only the impact of Covid-19 on stock market performance, the authors build a 20-year panel of 41 emerging economies to capture the long-run dynamics. Again, the authors’ variables can capture the immediate and cumulative response of stock market performance to pandemics.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-05-10
      DOI: 10.1108/AJEMS-12-2021-0528
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Exploring kin and family support to young firms in Ethiopia

    • Free pre-print version: Loading...

      Authors: Brajaballav Kar , Yimer Ayalew Ahmed
      Abstract: This study aims to compare the outcome of support extended by the family and kin for new firms. The authors specially consider business performance, challenges, demography and personality traits of entrepreneurs. A structured questionnaire was used to collect responses on the socio-demography aspects of the entrepreneur, family, kin, business performance, personality traits and perceived challenges were collected from 350 young entrepreneurs of South Wollo province of Ethiopia. The ANOVA test for continuous variables and the Krukal–Walis test for nominal variables were conducted to find differences across eight groups with family and kin, their occupation (business/non-business) and extended support (yes/no). Only 40% of entrepreneurs reported support, non-business families support entrepreneurial effort more compared to business families. Support is associated with perceived business performance and sociocultural challenges, but not with revenue. Entrepreneurs with less age, education and prior experience received more support compared to others. Entrepreneurs with higher need-for-achievement traits reported less support. Interestingly, entrepreneurs from business backgrounds are likely to perform better, with or without support. The extension of support to entrepreneurship depends on socioeconomic, demography, or personality-related factors and their interactions. The study did not investigate support from peers, an extended network, or the nature of support. Family and kin support influences entrepreneurial persistence, overcoming the sociocultural challenges and arresting quit intention among entrepreneurs at the initial stages of a venture. The influence of immediate family or a network represents extremes, overlooking the role of kin. This study fills this gap and extends understanding of the role of kin in the context of Ethiopian young entrepreneurs.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-05-06
      DOI: 10.1108/AJEMS-05-2021-0199
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Realizing employee and organizational performance gains through electronic
           human resource management use in developing countries

         This is an Open Access Article Open Access Article

    • Free pre-print version: Loading...

      Authors: Musa Nyathi , Ray Kekwaletswe
      Abstract: The purpose of this paper is to propose and test a model designed to realize employee and organizational performance gains in developing economies. Data were collected through a survey involving 35 organizations using electronic human resource management (e-HRM) systems. A purposive sampling technique was employed. Regression analysis making use of Process macro in Statistical Package for the Social Sciences (SPSS) was used to analyze the data. Despite its infancy in African countries, e-HRM use has a positive effect on employee and organizational performance. The organization-wide gains are enhanced through employee performance mediation. Electronic-HRM use, complemented by human resource best practices that impact positively on individual performance, is likely to enhance organizational performance gains. Employee performance mediation effect is likely to further enhance the effect of e-HRM usage on organizational performance. This study represents a first attempt to examine the role of employee performance as an intervening variable in the relationship between e-HRM use and organizational performance. The findings bring into attention the role of organizational members' performance in explaining organizational performance gains. The findings also result in a model that should lead to increased employee and organizational performance.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-05-06
      DOI: 10.1108/AJEMS-11-2021-0489
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Sustainable entrepreneurship practices in women-owned micro enterprises
           using evidence from Owino market, Kampala, Uganda

    • Free pre-print version: Loading...

      Authors: Saadat Nakyejwe Lubowa Kimuli , Kasimu Sendawula , Shakilah Nagujja
      Abstract: This study aims to explore the sustainable entrepreneurship practices undertaken in women-owned businesses, challenges and strategies that women business owners intend to adopt to implement more sustainable entrepreneurship practices using evidence from Uganda. This study is cross-sectional and qualitative in nature. It involved conducting in-depth interviews with women business owners operating in Owino market and study results were analyzed using ATLAS. ti 8. The results indicate that women business owners undertake social, environmental and economic practices in their businesses. However, participants are constrained by fire outbreaks, riskiness of their businesses and breakdown of machinery. Therefore, indicated plans of using energy-saving stoves and electronic tailoring machines digitizing their businesses and hiring skilled workers in order to improve sustainable entrepreneurship practices in their businesses. This study offers maiden evidence on the sustainable entrepreneurship practices undertaken by women business owners, challenges faced and strategies undertaken to support uptake of more sustainable entrepreneurship practices in their businesses using evidence from Uganda.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-05-03
      DOI: 10.1108/AJEMS-05-2021-0223
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Innovation as a driver of SMME performance in South Africa:
           a quantile regression approach

         This is an Open Access Article Open Access Article

    • Free pre-print version: Loading...

      Authors: Weliswa Matekenya , Clement Moyo
      Abstract: Innovation is regarded as a crucial determinant of growth and development in South Africa, and small, medium and micro enterprises (SMMEs) have been earmarked as instruments for the achievement of the socio-economic goals and innovation as set out in the National Development Plan. The purpose of this study is to investigate the effect of innovation on SMME performance in South Africa. The empirical analysis was conducted using the quantile regression technique to examine the effect of innovation on the performance of firms at different sales levels. Data from the World Bank's enterprise survey was used for the analysis. The results of the empirical analysis showed that R & D expenditures have a positive and significant effect on performance for firms with higher sales (high growth or larger firms). There is evidence that the introduction of new products/services promotes performance for low growth/ smaller firms. The empirical results imply that innovation is crucial for SMMEs’ development and growth. However, smaller/low growth firms are not able to spend on R & D due to a lack of funds which could be the reason for their low survival rate. More support needs to be provided to smaller firms with lower sales growth, given the large financial outlay required for R & D expenditures. Despite the lack of funding for R & D expenditure, smaller firms are encouraged to introduce new products and methods of production that do not require major financial outlays. There is scant empirical evidence on the impact of innovation on firm performance in South Africa. Most studies investigate the challenges faced by SMMEs and the different types of innovation approaches used by firms. Furthermore, the study employs the quantile regression approach which highlights the effect of innovation on firms of different sizes.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-05-02
      DOI: 10.1108/AJEMS-06-2021-0306
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • The Egyptian stock market's reaction to the COVID-19 pandemic

    • Free pre-print version: Loading...

      Authors: Hanan AbdelKhalik Abouelfarag , Rasha Qutb
      Abstract: The purpose of this study is to empirically examine the impact of the novel coronavirus (COVID-19) on Egyptian stock market returns and volatility between July 2018 and June 2021. This study utilizes a generalized autoregressive conditional heteroskedasticity (GARCH) model to examine the impact of COVID-19 on two basic stock market indices (EGX30 and EGX100). In addition, the heteroskedasticity corrected model (HCM) was employed to differentiate between the effects of each subsequent wave of the pandemic. The results of the GARCH model revealed that all COVID-19 variables have a significant impact on the daily returns of EGX100, but an insignificant impact on that of EGX30. The mortality rate and transmission speed increased the market volatility of EGX30 daily returns. The results of the HCM confirmed that the Egyptian stock market reacted more nervously to the first wave than to the second, while the impact was not detected in the third wave. This study provides useful insights to investors and policymakers in handling the negative influence of unanticipated events. To retain economic stability, the Egyptian government can impose fiscal stimuli and consider policies to combat the impact of the pandemic. This study is one of the first attempts to differentiate between the effects of subsequent waves of the pandemic on the stock market in Egypt, one of the largest economies in Africa.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-04-29
      DOI: 10.1108/AJEMS-10-2021-0461
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Relationship lending and financial performance of Savings and Credit
           Co-operative Societies in Tanzania

    • Free pre-print version: Loading...

      Authors: Nathaniel Naiman Towo , Esther Ishengoma , Neema Mori
      Abstract: This paper examines the influence of relationship lending on the financial performance of Savings and Credit Co-operative Societies (SACCOS) in Tanzania. A panel data of 460 observations representing 115 SACCOS from Tanzania was used. Descriptive statistics and panel regression models were employed to analyse the data. The results show that the duration of the relationship is negatively and significantly related to SACCOS financial performance, substantiating the relationship lending theories. The number of relationships has an insignificant effect on financial performance. The study focused on the duration and the number of relationships as aspects of relationship lending. The paper is limited in the sense that other aspects of relationship lending such as the concentration of relationships that could affect financial performance are not included in this study. The results apply to SACCOS and not to other microfinance institutions with strong bargaining power. This study positions relationship lending in the SACCOS context where the market for the wholesale loan is less competitive.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-04-26
      DOI: 10.1108/AJEMS-03-2021-0139
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Social media perceptions, readiness and usage in fostering sustainable
           growth of micro and small enterprises in Uganda

    • Free pre-print version: Loading...

      Authors: Kasimu Sendawula , Saadat Nakyejwe Lubowa Kimuli , Peter Turyakira , Grace Kibanja
      Abstract: The purpose of this study is to investigate the influence of social media, perception, readiness and usage on sustainable growth of micro and small enterprises (MSEs) in Uganda. This study is cross-sectional and adopted a mixed method approach. Data was gathered through a questionnaire survey of 212 business owner–managers that are members of the Uganda Small Scale Industries Association (USSIA) and engaging 8 business managers in the in-depth interviews to support and strengthen the quantitative results. Data analysis was done using statistical package for social sciences (SPSS.24) and Atlas ti.8. The study reveals that social media perception, readiness and usage positively influence sustainable growth of MSEs in Uganda. However, the insufficient soft and technical skills, lack of devices such as computers and smartphones and the high cost of Internet data undermine the usage of social media by business owner–managers for sustainable growth of their businesses. The findings demonstrate what policymakers, social media operators and business owner–managers need to do to enhance integration of social media platforms and channels into the operations of MSEs in Uganda. This study adds to existing literature on social media technology in MSEs with evidence from Uganda. The study results are likely to foster usage of social media as policymakers and social media providers will come up with appropriate strategies to unlock the social media potential of the business owner–managers for sustainable business growth in Uganda.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-04-15
      DOI: 10.1108/AJEMS-08-2021-0378
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Islamic banking and economic growth: fresh insights from Nigeria using
           autoregressive distributed lags (ARDL) approach

    • Free pre-print version: Loading...

      Authors: Mosab I. Tabash , Fatima Muhammad Abdulkarim , Mustapha Ishaq Akinlaso , Raj S. Dhankar
      Abstract: The paper examines the relationship between Islamic banking and the growth of the economy in Nigeria in both the short run and long run. The study employs quarterly secondary time series data for Islamic banking as well as major macroeconomic variables to study the contribution of Islamic banking to the economy of Nigeria. It employs autoregressive distributed lags (ARDL) and error correction model (ECM) approaches from 2013 quarter 1 up to 2020 quarter 2. The results show that Islamic banking has a positive contribution to Nigeria's economy in both short run and long run, but this contribution is insignificant. Policymakers should endeavor to redesign the country's financial architecture and come up with policies that can support the growth of Islamic finance sector. This will significantly strengthen Nigeria's position as one of the leading Islamic finance hubs in Africa. This is the first study to examine the contribution of Islamic banking to the Nigerian economy according to the best knowledge of the authors.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-04-14
      DOI: 10.1108/AJEMS-03-2021-0138
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Assessing the efficacy of employee training and internal control system on
           financial management of small and medium scale enterprises in Nigeria

    • Free pre-print version: Loading...

      Authors: Oyekunle Oyelakin , Aliyu Abdullahi
      Abstract: The study assesses the efficacy of employee training and internal control system on financial management of small and medium scale enterprises (SMEs) in Abuja. The study adopted a quantitative approach using a structured questionnaire to sample respondents selected through stratified proportionate sampling, data were collected from managers/owners of SMEs in Abuja. The result shows that employee training, control environment, information and communication and risk assessment have a significant and positive effect on financial management of SMEs. Control activities have a positive and insignificant effect on financial management of SMEs while monitoring activities has a negative and significant effect on financial management of SMEs. The findings of this study will assist government and owner/managers to identify strategies relevant to SMEs financial management. More importantly, the empirical shreds of evidence revealed that employee training needs to be employed by SMEs' owners/managers to integrate, build, modify and reconfigure their internal control system towards achieving effective financial management. Currently, no study has been found in the literature, which had been conducted on the relationships between these predictors (employee training and internal control system) on SMEs financial management. Similarly, no study has been conducted on the effects of an internal control system using the five dimensions of committee of sponsoring organization (COSO) altogether on financial management based on the currently available literature. Precisely, the study is designed to fill the aforementioned gaps.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-03-29
      DOI: 10.1108/AJEMS-06-2021-0299
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Alternative business finance: insights from selected informal savings
           groups in Uganda

    • Free pre-print version: Loading...

      Authors: Ernest Abaho , Rachel Mindra , Ester Agasha , Aminah Balunywa
      Abstract: The study examined the nature of the operation of informal savings groups. Emphasis was on their composition, the mode of financial transactions and sharing of financial proceeds, the impact of the savings and members loaning on the members' financial and business growth, and the perception of the members on the benefits of the savings. The study also profiled the significant challenges encountered by the groups. The study adopted an exploratory research design. The point of saturation was achieved after 15 members of informal savings groups were interviewed. Data were analyzed using content analysis techniques with the aid of NVivo version 10 software, and verbatim tests were used to explain the emergent themes. The findings indicate that informal savings groups are accessible, sustainable and inclusive financing alternatives for low-income earners. Group sizes range from 250 to 3 members. As a sign of commitment, a form of identification is required to join the group. Findings also indicate that group leaders are elected, and their term of service could be renewable. It was discovered that members join mainly to save in financial terms, and they have benefited both monetary and socially. The biggest challenge these groups face is that members default. The study provides evidence that informal financial service providers are an effective alternative to business financing that leverage existing social structures that are predominant in Uganda. The study provides a benchmark for understanding the dynamics, capabilities and challenges impeding the survival and growth of informal savings groups as critical components in Uganda's financial system.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-03-29
      DOI: 10.1108/AJEMS-11-2021-0490
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Examining the performance outcome of intellectual capital: a parallel
           mediation analysis

    • Free pre-print version: Loading...

      Authors: Enoch Adusei , Henry Kofi Mensah , Emmanuel Demah
      Abstract: The current knowledge economy views firm competitive advantage from the strategic management of knowledge resources. Therefore, rooted in the resource-base view theory, this paper empirically investigated how organizational ambidexterity and innovative leadership behaviour mediate the relationship between intellectual capital (IC) and firm performance among small- and medium-scale enterprises (SMEs) in Ghana. Using purposive sampling, cross-sectional survey data was obtained from 244 SMEs in Ghana. Structural equation modelling was used in testing for the hypothesized relationships. Findings show that IC has a significant positive effect on firm performance. Additionally, innovative leadership behaviour and organizational ambidexterity have a parallel mediating effect on the relationship between IC and performance. The findings of the study have exposed managers of SMEs in Ghana to develop unique behavioural and organizational resources that facilitate competitive edge through strategic utilization of IC, leadership innovation and ambidexterity to produce superior performance. This study is a pioneering one that uniquely investigated how innovative leadership behaviour and organizational ambidexterity play a parallel mediating role in the IC–performance nexus in a less-industrialized economy.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-03-22
      DOI: 10.1108/AJEMS-11-2021-0508
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Labour force participation and unemployment rate: does discouraged worker
           effect hypothesis or unemployment invariance hypothesis hold in
           Africa'

    • Free pre-print version: Loading...

      Authors: Isiaka Akande Raifu , Oluwafemi Mathew Adeboje
      Abstract: The purpose of this study is to examine the existence of discouraged worker effect hypothesis and unemployment invariance hypothesis in Africa, including its five regional groups. Specifically, the study tests the existence of co-integration between different categories of labour force participation and unemployment rate, total male and female labour force participation and the unemployment rate for age brackets 15–24, 15–64 and 15+, respectively. The study uses the data of 52 countries in Africa which cover the period from 1991 to 2018. Three co-integration estimation techniques namely, the Kao co-integration test, Pedroni co-integration test and Westerlund co-integration test are used to validate the existence of co-integration between the labour force participation and unemployment rate. The dynamic ordinary least square is further used to explore the impact of the unemployment rate on labour force participation, while the pooled ordinary least squares (POLS) that accounts for individual country and time effects is employed for robustness check. Except for Southern Africa, it is found that the discouraged worker effect hypothesis holds in Africa and the rest of its regions. This suggests that there is a long-run relationship between labour force participation rate and unemployment rate irrespective of age group and gender classifications. To some extent, the authors discover the existence of cross-sectional dependence in the panel. There is also an inverse relationship between labour force participation and the unemployment rate. This implies that when the unemployment rate is high, labour force participation tends to decline. The results are, however, sensitive to the choice of estimation method. The study is limited to the examination of linear co-integration between labour force participation and the unemployment rate in Africa and its five regions. The future study can investigate the possibility of a nonlinear or an asymmetric relationship between labour for participation and the unemployment rate. Thus, a policy framework that would generate employment creation is greatly required in Africa. To the best of the authors’ knowledge, this is a pioneer work that addresses the issue of co-integration between labour force participation and unemployment rate for Africa and its five regions taking into consideration gender and age brackets of labour force participation and unemployment.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-03-18
      DOI: 10.1108/AJEMS-07-2021-0317
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • What drives bank lending' A closer look at bank lending types in
           Africa

    • Free pre-print version: Loading...

      Authors: Philip Ayagre , Gloria Dzeha , Maryam Kriese , Baah Kusi
      Abstract: In this study, the authors present unique evidence on bank lending types by paying particular attention to the factors that drive the different types of bank lending in Africa using bank level data. In presenting such evidence, the study employs a robust fixed effect panel data with year and technological controls comprising 57 banks from 29 African economies between 2006 and 2015. The results show that different factors affect different bank lending types differently in Africa. Specifically, while the authors find that total or aggregate bank lending is positively driven by bank capitalization and spread but negatively driven by bank size, corporate and commercial bank lending is positively driven by bank size, spread, inflation, elections and extent of business disclosure but negatively driven by bank capitalization, loan loss reserves, operational cost and gross domestic product per capita. Moreover, interbank lending is both negatively and positively driven by bank capitalization and size, respectively, while other bank lending type is driven positively by financial crisis but negatively driven by bank size, inflation and extent of business disclosure. Finally, retail and consumer lending is positively driven by bank capitalization, loan loss reserves and spread while negatively driven by bank size and inflation. These imply that bank managers, regulators, policymakers and researchers must begin to see each bank lending category separately and independently since varying factors influence the different categories of bank lending differently. The study presents new insights into how different factors determine different lending types in Africa for the first time to the best of the authors’ knowledge.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-03-07
      DOI: 10.1108/AJEMS-08-2021-0352
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • A contextual study of co-worker relationship and turnover intentions: the
           mediating role of employee cynicism

    • Free pre-print version: Loading...

      Authors: James Baba Abugre , Moses Acquaah
      Abstract: The purpose of the study is to evidently examine how employee cynicism mediates the relationship between co-worker relationship and employee turnover intentions in organizations in Ghana. Using a cross-sectional survey of employees from both public and private organizations, the authors tested our hypotheses with a sample of 288 employees by means of structural equation modelling (SEM) using maximum likelihood estimation with LISREL 9.2 and bootstrapping procedures. Findings showed that co-worker relationship is negatively associated with employee cynicism. The findings further revealed that employee cynicism is positively associated with employees' intention to leave. Additionally, employee cynicism negatively mediated the relationship between co-worker relationship and employee intention to leave their organizations. The work recommends that organizations become aware of employee cynicism which can adversely affects co-worker relationship and consequently organizational performance. Therefore, organizations ought to reduce employee cynicism and rather encourage positive co-worker relations through interpersonal relationship and support for employees. An investigation of co-worker relationship in organization and employee intentions to leave or turnover is a significant micro-level analysis for contemporary Human Resource Management (HRM) research. This study gives us a scarce opportunity to understand how employee cynicism negatively mediates the relationship between co-worker relationship and turnover intentions of employees.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-01-26
      DOI: 10.1108/AJEMS-08-2021-0384
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • The effects of opportunity motivation and environmental contingencies on
           market growth strategies of African early-stage entrepreneurs

    • Free pre-print version: Loading...

      Authors: Tianjiao Qiu
      Abstract: The purpose of this paper is to examine how early-stage entrepreneurs' opportunity motivation impacts their choice of market growth strategies as well as the contingent roles of institutional environments and product market conditions in Africa. The study employs hierarchical linear modeling to test multilevel models with nested data empirically. The findings show that African early-stage entrepreneurs who are opportunity-driven and from countries with strong institutional environments have a higher tendency to adopt market exploration strategies. African early-stage entrepreneurs from countries with strong product market conditions have a higher tendency to adopt market penetration strategies. Further interaction tests show that both contingency conditions, namely institutional environments and product market conditions, moderate the effects of opportunity motivation on market growth strategies of African early-stage entrepreneurs. The study shows that policymakers in Africa need to develop flexible, supportive market-related policies based on entrepreneurs' growth paths, institutional environments and product market conditions. The study is the first to explore multilevel influences on early-stage entrepreneurs' market growth strategies in Africa. It sheds new insights on the entrepreneurial marketing process of early-stage entrepreneurs in Africa.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-01-12
      DOI: 10.1108/AJEMS-06-2021-0298
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Return and volatility spillovers between South African and Nigerian equity
           markets

    • Free pre-print version: Loading...

      Authors: Lumengo Bonga-Bonga , Maphelane Palesa Phume
      Abstract: The paper evaluates the cross-transmission of returns and volatility shocks between Nigeria and South Africa stock markets to infer the extent of interdependence between the two markets. The paper also makes inference to optimal portfolio weights of holding assets in the two markets. The paper uses an asymmetric vector autoregressive-exogenous generalised autoregressive conditional heteroscedasticity (VAR-X GARCH) model to assess the extent of returns and volatility spillovers between Nigeria and South Africa. The results of the empirical analysis show evidence of shock spillovers from the South African stock market to the Nigerian stock market. Moreover, based on the dynamic Sharpe ratio and portfolio weight optimisation, the results indicate the possibility of portfolio diversification when holding simultaneous positions in the two stock markets. The results imply the possibility of economic profit for investors who take positions in the two stock markets. The lack of synchronisation of stock markets in the two largest economies in Africa is in contrast with the situations in other regions where stock markets returns of large economies often co-move. The paper is the first to use the asymmetric VAR-X GARCH model to assess the cross-transmission of shocks between stock markets.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-01-11
      DOI: 10.1108/AJEMS-03-2021-0109
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Barriers of growth within an informal sector business: narratives of women
           subsistence entrepreneurs in South Africa

    • Free pre-print version: Loading...

      Authors: Herring Shava , Willie Chinyamurindi
      Abstract: The study explores growth barriers experienced by a sample of women subsistence entrepreneurs operating within the informal sector in South Africa. The paper utilizes a descriptive-exploratory research approach and design relying on semi-structured interviews. A purposive sample of 45 women subsistence entrepreneurs formed the participant pool. Three main narratives emerged. First, a sense of personal contentment existed as a potential barrier for women subsistence entrepreneurs. Second, the women subsistence entrepreneurs had no expansion strategy due to their circumstances. This served as a barrier to growth. Finally, challenges emanating from the home-front served as a limit to the growth of the informal sector business. Based on the findings, strategies are offered to assist the women subsistence entrepreneurs in tackling the identified barriers to the growth of the informal sector business. A limitation of the research concerns issues that accompany qualitative research. Notably, these include sampling issues. Based on the findings, strategies are offered to assist women subsistence entrepreneurs in tackling the barriers that affect their businesses. Given the popularity of the informal sector in emerging nations such as South Africa, the study proffers suggestions that assist the advancement of subsistence entrepreneurship, especially within the informal sector. The role of women in all this is heightened.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-01-07
      DOI: 10.1108/AJEMS-08-2021-0354
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Government domestic debt arrears and private investment in Sub-Saharan
           Africa

    • Free pre-print version: Loading...

      Authors: Evans Kulu , William Gabriel Brafu-Insaidoo , James Atta Peprah , Eric Amoo Bondzie
      Abstract: This study investigates the effect of government domestic payment arrears on private investment. The authors argue that an increase in government domestic arrears can reduce private sector investment owing to the competition for credit. The prediction is empirically tested using data for 33 Sub-Saharan Africa (SSA) countries for the period 2007–2018 using a panel general methods of moment estimation technique. This is also complemented with impulse responses derived from the standard vector autoregressive model. The results show that an increase in government domestic arrears adversely affects private investment in SSA and most subregional communities within SSA. It also revealed that private investment negatively responds to shocks in government domestic arrears. This is the first study that attempts to investigate the effect of government domestic borrowing arrears on private investment. It seeks to serve as a guide to governments in their domestic borrowing decisions to ensure timely servicing.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2022-01-04
      DOI: 10.1108/AJEMS-06-2021-0281
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2022)
       
  • Quality financial inclusion and its determinants in South Africa:
           evidence from survey data

    • Free pre-print version: Loading...

      Authors: Kudakwashe Joshua Chipunza , Ashenafi Fanta
      Abstract: The study measured quality financial inclusion, a more comprehensive measure of financial inclusion, and examined its determinants at a consumer level in South Africa. This study leveraged on FinScope 2015 survey data to compute a quality financial inclusion index using polychoric principal component analysis. Subsequently, a heteroscedasticity consistent ordinary least squares regression model was employed to assess determinants of quality financial inclusion. The empirical findings indicated that gender, education, financial literacy, income, location and geographical proximity determine quality financial inclusion. These findings could inform policymakers and financial services providers on how quality financial inclusion can be promoted through tailoring financial products for various socio-demographic groups. Due to data limitations, the study was confined to South Africa and did not capture digital financial inclusion. Hence, future studies could replicate the study in Sub-Saharan Africa's context and compute an index that captures digital financial inclusion. These findings could inform policymakers and financial services providers on how quality financial inclusion can be promoted through tailoring financial products for various socio-demographic groups. This study proposed a more comprehensive measure of quality financial inclusion from a demand-side perspective by accounting for important dimensions that include diversity, affordability, appropriateness and flexibility of financial products and services.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2021-12-27
      DOI: 10.1108/AJEMS-06-2021-0290
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Asymmetric and threshold effects of public debt on economic growth in
           SADC: a panel smooth transition regression analysis

    • Free pre-print version: Loading...

      Authors: Bongumusa Prince Makhoba , Irrshad Kaseeram , Lorraine Greyling
      Abstract: This study aims to interrogate dynamic asymmetric relationships between public debt and economic growth in Southern African Developing Communities (SADC), over the period 2000–2018. The study employed a panel smooth transition regression (PSTR) technique to analyse dynamic asymmetric relationships between public debt and economic growth, and the threshold effect at which public debt hampers economic growth. The findings indicate that there is a significant nonlinear effect of debt on economic growth in SADC. The study discovered a debt threshold of 60% to GDP at which debt beyond this threshold deteriorates long-term growth. The low-debt regime was found to be positive and statistically significant, while the high-debt regime is detrimental for long-term growth. Fiscal policymakers ought to consider the adoption of well-coordinated debt policies that aims to strike a balance between sustainable public debt and economic growth, within a reasonable threshold target. The study focusses on asymmetric and threshold analysis of public debt on economic growth in SADC using sophisticated panel smooth transition regression (STAR). This study provides rigorous empirical evidence within the SADC perspective in which previous studies have predominantly been confined in advanced economies.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2021-12-22
      DOI: 10.1108/AJEMS-04-2021-0146
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Financial inclusion and small enterprise growth in Africa: emerging
           perspectives and research agenda

    • Free pre-print version: Loading...

      Authors: John Kuada
      Abstract: The purposes of the paper are to review the stream of studies that link financial inclusion to small enterprise growth in Sub-Sahara Africa (SSA) to identify the research gaps they provide and to prepare an agenda for future research in the field. The study employs systematic literature search method to identify relevant literature from journals. The study then adopts a narrative approach for the review, highlighting the findings from the prior studies and gaps requiring research attention. The discussions reveal that there is a need for future studies that can unpack small enterprise growth determinants, identify growth-enabling entrepreneurial characteristics and examine the contextual variabilities that shape their effectiveness. There is currently no comprehensive/integrated review exploring the link between financial inclusion and small enterprise growth in SSA. The review, therefore, provides insights that contribute to the development of this stream of research.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2021-12-10
      DOI: 10.1108/AJEMS-05-2021-0230
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • The role of information systems for digital transformation in the private
           sector: a review of Egyptian SMEs

    • Free pre-print version: Loading...

      Authors: Noura Metawa , Mohamed Elhoseny , Maha Mutawea
      Abstract: This paper aims to provide insights regarding the state of the art of digital transformation for small- and medium-sized enterprises (SMEs) in Egypt and propose avenues for future research. A proposed framework for the digitization process in SMEs is developed by providing three layers of working steps toward full automation. The paper also provides an extensive analysis of the main requirements for improving the existing traditional information systems' performance in these enterprises. The challenges of digital transformation and the future research direction are discussed as well. This paper provided an overview of the importance of digital transformation in real-life applications. The role of the information systems in building a digitalized information processing environment is covered as well. Also, a framework for the shifting process from the traditional approaches to the digitalized systems is proposed. Besides, the paper overviewed the future research directions related to digital transformation in SMEs, especially in Egypt. These research directions are related to technical challenges during the digital transformation process, such as cybersecurity, big data analytics and multimodality data. Despite the significant governmental and institutions' steps toward full automation and digital transformation, the traditional information systems, infrastructures, and unequipped employees make the digitizing process on-the-fly an open challenge. A technology shift that is not supported by a similar cultural change threatens digital business initiatives and increases the risk of their failure. This paper aims to provide insights regarding the state of the art of digital transformation for SMEs in Egypt and propose avenues for future research.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2021-09-28
      DOI: 10.1108/AJEMS-01-2021-0037
      Issue No: Vol. ahead-of-print , No. ahead-of-print (2021)
       
  • Overconfidence bias and stock market volatility in Ghana: testing the
           rationality of investors in the Covid-19 era

    • Free pre-print version: Loading...

      Authors: Raphael Kuranchie-Pong , Joseph Ato Forson
      Abstract: The paper tests the overconfidence bias and volatility on the Ghana Stock Exchange (GSE) during the pre-Covid-19 pandemic and Covid-19 pandemic period. The study employs pairwise Granger causality to test the presence of overconfidence bias on the Ghana stock market as well as GARCH (1,1) and GJR-GARCH (1, 1) models to understand whether overconfidence bias contributed to volatility during pre-Covid-19 pandemic and Covid-19 pandemic period. The pre-Covid-19 pandemic period spans from January, 2019 to December, 2019, and Covid-19 pandemic period spans from January, 2020 to December, 2020. The paper finds a unidirectional Granger causality running from weekly market returns to weekly trading volume during the Covid-19 pandemic period. These results indicate the presence of overconfidence bias on the Ghana stock market during the Covid-19 pandemic period. Finally, the conditional variance estimation results showed that excessive trading of overconfident market players significantly contributes to the weekly volatility observed during the Covid-19 pandemic period. The empirical findings demonstrate that market participants on the GSE exhibit conditional irrationality in their investment decisions during the Covid-19 pandemic period. This implies investors overreact to private information and underreact to available public information and as a result become overconfident in their investment decisions. Findings from this paper show that there is evidence of overconfidence bias among market players on the GSE. Therefore, investors, financial advisors and other market players should be educated on overconfidence bias and its negative effect on their investment decisions so as to minimize it, especially during the pandemic period. This study is a maiden one that underscores investors’ overconfidence bias in the wake of a pandemic in the Ghanaian stock market. It is a precursor to the overconfidence bias discourse and encourages the testing of other behavioral biases aside what is understudied during the Covid-19 pandemic period in Ghana.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2021-12-21
      DOI: 10.1108/AJEMS-05-2021-0209
      Issue No: Vol. 13 , No. 1 (2021)
       
  • The impact of COVID-19 on stock returns of listed firms on the stock
           market: Ghana's experience

    • Free pre-print version: Loading...

      Authors: Kenneth Ofori-Boateng , Williams Ohemeng , Elvis Kwame Agyapong , Ben Justice Bribinti
      Abstract: In Ghana, even though scholars and experts in the field of economics and finance have expressed their opinions and perceptions on the effect of the pandemic on the Ghana Stock Exchange, there has been no study conducted to that effect. This study, therefore, aimed at examining the impact of COVID-19 on the stock returns on the Ghana stock exchange. This would help policy makers and investors in making efficient decisions. The outbreak of the novel COVID-19 has been a thorn in the flesh of the world in its entirety, affecting many aspects of life including the stock market. This study, therefore, examined the impact of the outbreak on the stock returns of the Ghana Stock Exchange. The study utilized data from the All Share Prices of the Ghana stock exchange, commonly known as the Ghana stoke exchange composite index (GSECI) for analysis. The data covered the period before the outbreak of COVID-19 and during the outbreak. It was revealed that the Ghana stock exchange experienced better returns on the market before the outbreak of the virus. The outbreak of COVID-19 has led to wide variations in the market increasing the risk of investments. The exponential General Autoregressive Conditional Heteroscedasticity (EGARCH) (1, 1) model also reveals that the outbreak of COVID-19 has a significant negative effect on the returns in the market. The market in these periods of COVID-19 is highly volatile. It is recommended that investors should carefully consider risk mitigation strategies to enable them diversify their investments effectively and efficiently against the high risk associated with the market in this COVID-19 era. It was revealed that the Ghana stock exchange experienced better returns on the market before the outbreak of the virus. The outbreak of COVID-19 has led to wide variations in the market increasing the risk of investments. The EGARCH (1, 1) model also revealed that the outbreak of COVID-19 had a significant negative effect on stock returns in the market. The market during these periods of COVID-19 was viewed as highly volatile. The outbreak of COVID-19 is hence deduced to have a negative impact on the Ghana stock exchange. However, the knowledge of how the market has been affected by the disease, it is important that financial risk mitigation studies be undertaken. This goes beyond what this study has done. The study can further be expanded to include other important economic variables such as GDP, inflation, exchange rates and the likes in to the model. Investors should carefully consider risk mitigation strategies to enable them diversify their investments effectively and efficiently against the high risk associated with the market in this COVID-19 era. It is also important that investors consider diversification of their investments in order to reduce the risk in their investments. It will be more appropriate for most investors to invest with companies such as banks and the telecommunications companies listed on the on the market. This is because most of the telecommunication companies in these times have taken advantage and are making good profit on their businesses. Likewise, some of the financial institutions are considered essential institution in these times. Investing in industries such as manufacturing and the oil and gas sector may be more risky. The decline in economic and financial market indicators could be credited to the failure of most business entities, organizations and firms which are struggling to sustain their operations in these times of COVID-19. These also include firms listed on the Ghana stock exchange with whom investors transact their daily businesses. However, about 70% of the Ghanaian economy heavily depends on these business and firms found in the private and informal sector. According to the Ghana Statistics Service COVID-19 Business Tracker Survey, about 131,000 businesses expressed their uncertainties with the business environment and also faced the challenge of financial accessibility. The study is appropriate to unearth the true effect and offer policy interventions.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2021-12-14
      DOI: 10.1108/AJEMS-02-2021-0074
      Issue No: Vol. 13 , No. 1 (2021)
       
  • Pro-poor and inclusive growth in West Africa

    • Free pre-print version: Loading...

      Authors: Opeoluwa Adeniyi Adeosun , Mosab I. Tabash
      Abstract: This paper focuses on three key metrics of poverty, income distribution and employment to ascertain the pro-poor and inclusive-growth position of the western African region. The roles of governance structures and their interactive effects are also accommodated to capture the peculiarity of the region. The paper employs fixed and dynamic models. Evidence suggests that growth is pro-poor, although virtually all governance indicators are sterile in stimulating poverty reduction. The authors observe that health and education spending coupled with trade-openness stimulate pro-poor growth potentials, whereas conflicts culminate the pervasiveness of poverty in the region. By empirically answering the question of how inclusive is economic growth through the lens of income-distribution and employment, the authors show that growth has been exclusive as per-capita-GDP growth rather dampens income shared by the poorest 20%. Also, it is observed that growth has not been inclusive as the jobless-growth argument remains valid while high inequality further exacerbates unemployment in the region. It is further shown that governance has been generally weak in propelling inclusive growth except where the institutional-component of governance stimulates inclusive growth through improvement in equality and labor employability. The study jointly examines the metrics of poverty, income distribution and employment to ascertain growth pro-poorness and inclusivity which are key for the achievement of African-union (AU) agenda 2063. The study captures cross-sectional dependence among selected countries which previous studies ignored.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2021-12-02
      DOI: 10.1108/AJEMS-08-2021-0359
      Issue No: Vol. 13 , No. 1 (2021)
       
  • COVID-19 pandemic and entrepreneurial intention among university students:
           a contextualisation of the Igbo Traditional Business School

    • Free pre-print version: Loading...

      Authors: Agu Godswill Agu , Onwuka Onwuka Okwara , Ebere Rejoice Okocha , Nnamdi O. Madichie
      Abstract: This study investigates and contextualises the Igbo Traditional Business School (ITBS) and planned entrepreneurial behaviour across Nigerian higher education sector in a period of crisis occasioned by the COVID-19 pandemic. The study is based on a quantitative survey of undergraduate students on ITBS, and the data were analysed using the SmartPLS structural equation modelling (SEM). The study finds that the COVID-19 pandemic has had negative influence on attitudes, subjective norms, perceived behavioural control (PBC) and entrepreneurial intention (EI) of students, but these negative influences are mediated/moderated by the ITBS. The study presents some practical and managerial implications that will be of interest to ITBS administrators, the government and other stakeholder groups. While research has increasingly explored the role of the ITBS in promoting entrepreneurial activities, not much has been linked to coping mechanisms for students in crisis times. The study unearths the “positive” influence of the pandemic on entrepreneurship and how the ITBS mediates the “negative” aspects of COVID-19 on entrepreneurial vocation.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2021-11-24
      DOI: 10.1108/AJEMS-05-2021-0227
      Issue No: Vol. 13 , No. 1 (2021)
       
  • Moderating effect of bank size on the relationship between financial
           soundness and financial performance

    • Free pre-print version: Loading...

      Authors: Peter Njagi Kirimi , Samuel Nduati Kariuki , Kennedy Nyabuto Ocharo
      Abstract: This study analyzed the moderating effect of bank size on the relationship between financial soundness and financial performance of commercial banks in Kenya. The study employed data from 39 commercial banks for ten years from 2009 to 2018. Panel data regression model was used to analyze data. The study results established a negative moderating effect of bank size on the relationship between commercial banks' financial soundness and net interest margin (NIM) and return on assets (ROA) with the results indicating a correlation coefficient of −0.1699 and −0.218, respectively. However, an absence of moderating effect was established when return on equity (ROE) was used as a measure of financial performance. The paper finding recommends that banks' management and other policy makers should consider the effect of bank size while devising financial soundness policies to ensure optimal level of banks' financial soundness aimed at improving banks' financial performance. In addition, bankers associations should come up with policies to standardize asset quality management practices to ensure continuous positive performance of the banking sector. The study shows the contribution and applicability of the theory of production in the banking sector.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2021-11-23
      DOI: 10.1108/AJEMS-07-2021-0316
      Issue No: Vol. 13 , No. 1 (2021)
       
  • Innovation capability and SME performance in times of economic crisis:
           does government support moderate'

    • Free pre-print version: Loading...

      Authors: Innocent Otache , Obal Usang Edet Usang
      Abstract: Drawing on the dynamic capabilities theory, the purpose of this study is to empirically explore the moderating role of government support (GS) in the relationship between innovation capability (IC) and small and medium-sized enterprise (SME) performance in times of economic crisis. The study adopted a descriptive research design and collected data from 234 SMEs drawn from the six geopolitical zones of Nigeria using a self-reported questionnaire. PLS-SEM was performed to test the hypotheses. The results showed that IC was positively associated with SME performance. Further analysis indicated that GS had a strong positive impact on SME performance and positively moderated the relationship between IC and SME performance. There is a paucity of studies that specifically explore the moderating role of GS in the relationship between IC and SME performance. This study contributes to the literature on SMEs by demonstrating the moderating effect of GS on the relationship between IC and SME performance in times of economic crisis. The study offers valuable insights into the vital role played by IC and GS in times of economic crisis.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2021-11-18
      DOI: 10.1108/AJEMS-08-2021-0362
      Issue No: Vol. 13 , No. 1 (2021)
       
  • The mediating role of cost of capital in the relationship between capital
           structure and loan portfolio quality

    • Free pre-print version: Loading...

      Authors: Ester Agasha , Nixon Kamukama , Arthur Sserwanga
      Abstract: The purpose of this paper is to establish the mediating role of cost of capital in the relationship between capital structure and loan portfolio quality in Uganda's microfinance institutions (MFIs). A cross-sectional research design was adopted to collect data and partial least squares structural equation modelling was used to test the study hypotheses. Cost of capital partially mediates the relationship between capital structure and loan portfolio quality. Hence, cost of capital acts as a conduit through which capital structure affects loan portfolio quality. Cost of capital was generalized as financial and administrative costs. The impact of costs like dividend pay-outs, interest rates and/or loan covenants on loan portfolio quality could be investigated individually. MFIs should be vigilant about loan recovery by using strategies like credit rationing to ensure timely repayments. The study contributes to the ongoing academic debate by identifying the significant indirect role of cost of capital in explaining loan portfolio quality.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2021-11-15
      DOI: 10.1108/AJEMS-02-2021-0084
      Issue No: Vol. 13 , No. 1 (2021)
       
  • The value chain of traded products of medicinal plants in Tanzania: the
           emerging role of formulators

    • Free pre-print version: Loading...

      Authors: Eziacka Mathew Mpelangwa , Jeremia Ramos Makindara , Olav Jull Sørensen , Kenneth Michael-Kitundu Bengesi
      Abstract: Products of medicinal plants play significant roles in management of diseases. Their accessibility through trade plays a key role in health, economic and livelihood improvement. However, the traceability of the production process from their source in Tanzania is lacking. This study aims to depicture the production process of formulated products of medicinal plants. The study applied the value chain theory using qualitative data from literature review and survey to practitioners of traditional medicine. Survey data were collected through 15 in-depth interviews and ten focus group discussions in five regions of Tanzania. Input to output structure is performed through a five actors' value chain. The raw material is provided by harvesters who collected medicinal plants from wild. The processing is conducted by wholesalers and formulators. The wholesalers add value by drying, milling and bulk packaging of individual medicinal plants. Formulators mix different medicinal plants to create readymade products for specified diseases. Distribution is done by retailers and healers. There were six regulating and two supporting organizations. Private supporters were millers and transporters. Governance structure was deduced to be relational. Relational governance was a result of lack official standards along the value chain. The described value chain can be used to guide investments in production of products of medicinal plants by improving formulation technology.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2021-11-01
      DOI: 10.1108/AJEMS-06-2021-0287
      Issue No: Vol. 13 , No. 1 (2021)
       
  • The relationship between financial development and economic growth in
           Eswatini (formerly Swaziland)

    • Free pre-print version: Loading...

      Authors: Siphe-okuhle Fakudze , Asrat Tsegaye , Kin Sibanda
      Abstract: The paper examined the relationship between financial development and economic growth for the period 1996 to 2018 in Eswatini. The Autoregressive Distributed Lag bounds test (ARDL) was employed to determine the long-run and short-run dynamics of the link between the variables of interest. The Granger causality test was also performed to establish the direction of causality between financial development and economic growth. The ARDL results revealed that there is a long-run relationship between financial development and economic growth. The Granger causality test revealed bidirectional causality between money supply and economic growth, and unidirectional causality running from economic growth to financial development. The results highlight that economic growth exerts a positive and significant influence on financial development, validating the demand following hypothesis in Eswatini. Policymakers should formulate policies that aims to engineer more economic growth. The policies should strike a balance between deploying funds necessary to stimulate investment and enhancing productivity in order to enliven economic growth in Eswatini. The study investigates the finance-growth linkage using time series analysis. It determines the long-run and short-run dynamics of this relationship and examines the Granger causality outcomes.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2021-10-29
      DOI: 10.1108/AJEMS-06-2021-0291
      Issue No: Vol. 13 , No. 1 (2021)
       
  • Financial literacy, financial distress and socioeconomic characteristics
           of individuals in Ghana

    • Free pre-print version: Loading...

      Authors: Alhassan Abdul-Wakeel Karakara , Joshua Sebu , Isaac Dasmani
      Abstract: Personal financial stress-free living is desired by many, which dwells on sound financial literacy (including financial behaviour, financial knowledge and financial attitude). Many individuals do not make optimal savings and investment decisions. The realisation that these choices may well lead to low living standards has also increased economic anxiety, especially in Sub-Sahara African countries, including Ghana. Thus, this study underscores the link between financial literacy and financial distress in Ghana. It establishes whether persons that are financially literate escape financial distress in their life. The paper engages nationally representative survey data and adopts a positivist research approach with logistic regression analysis to establish the likelihood of financial literate persons experiencing financial distress. This study establishes that financially literate individuals are 2.4% less likely to experience financial distress. Socioeconomic characteristics greatly influence the probability of one experiencing financial hardship. It submits that policy can be directed towards improving financial habits (financial literacy) to enhance individuals' financial behaviour to lessen personal financial distress. Not much attention has been paid to whether financial literacy has a nexus with financial distress. Few studies (not on Sub-Saharan Africa) that have looked at this are done, neglecting a sensitivity analysis of socioeconomic characteristics in establishing the relations. However, this current study dwells on econometric analysis to establish the margin or extend to which a financially literate person may or may not escape financial distress given his/her socioeconomic characteristics.
      Citation: African Journal of Economic and Management Studies
      PubDate: 2021-10-27
      DOI: 10.1108/AJEMS-03-2021-0101
      Issue No: Vol. 13 , No. 1 (2021)
       
  • African Journal of Economic and Management Studies

    • Free pre-print version: Loading...

       
 
JournalTOCs
School of Mathematical and Computer Sciences
Heriot-Watt University
Edinburgh, EH14 4AS, UK
Email: journaltocs@hw.ac.uk
Tel: +00 44 (0)131 4513762
 


Your IP address: 34.231.147.28
 
Home (Search)
API
About JournalTOCs
News (blog, publications)
JournalTOCs on Twitter   JournalTOCs on Facebook

JournalTOCs © 2009-