• Big Data Analytics and Business Failures in Data-Rich Environments: An Organizing Framework

      Amankwah-Amoah, J.; Adomako, Samuel (2019-02)
      In view of the burgeoning scholarly works on big data and big data analytical capabilities, there remains limited research on how different access to big data and different big data analytic capabilities possessed by firms can generate diverse conditions leading to business failure. To fill this gap in the existing literature, an integrated framework was developed that entailed two approaches to big data as an asset (i.e. threshold resource and distinctive resource) and two types of competences in big data analytics (i.e. threshold competence and distinctive/core competence). The analysis provides insights into how ordinary big data analytic capability and mere possession of big data are more likely to create conditions for business failure. The study extends the existing streams of research by shedding light on decisions and processes in facilitating or hampering firms’ ability to harness big data to mitigate the cause of business failures. The analysis led to the categorization of a number of fruitful avenues for research on data-driven approaches to business failure.
    • CEO reputation, quality management and environmental innovation: the roles of stakeholder pressure and resource commitment

      Konadu, R.; Owusu-Agyei, S.; Lartey, T.; Danso, A.; Adomako, Samuel; Amankwah-Amoah, J. (Wiley, 2020)
      In this paper, we examine how and when chief executive offers’ (CEOs’) reputation enhances environmental innovation by considering quality management as a mediating mechanism of this relationship. In addition, we introduce stakeholder pressures (primary and secondary stakeholder pressures) as important contingencies of the relationship between CEOs’ reputation and quality management. Moreover, we test the moderating role of resource commitment on the quality management-environmental innovation relationship. We test our research model using data from a manufacturing industry sample of 217 firms from Ghana. We find that quality management mediates the relationship between reputation and environmental innovation. Moreover, the relationship between CEOs’ reputation and quality management is amplified when levels of both primary and secondary stakeholder pressures are greater. Finally, our findings show that the effect of quality management on environmental innovation is enhanced when resource commitment is greater. Implications for theory and practice are discussed.
    • The effects of stakeholder integration on firm-level product innovativeness: insights from small and medium-sized enterprises in Ghana

      Adomako, Samuel; Amankwah-Amoah, J.; Danso, A. (2019-11)
      In spite of growing research on the influence of external stakeholders on firm outcomes, there is a paucity of research on how they influence innovation in emerging economies. In addition, the specific environmental factors that may influence the effect of stakeholder integration (SI) on firm innovation is less understood. Using data collected from 248 small and medium-sized enterprises (SMEs) in Ghana, this paper develops and tests a model that examines the relationship between SI and firm-level product innovativeness. The findings from the study indicate SI positively relates to product innovativeness. Moreover, under conditions of higher competitor pressure and greater customer expectations, the effect of SI on product innovativeness is amplified. Contributions for theory and practice are discussed.
    • Entrepreneurial alertness and new venture performance: Facilitating roles of networking capability

      Adomako, Samuel; Danso, A.; Boso, N.; Narteh, B. (2018-08)
      An ability to act upon an entrepreneurial opportunity has been noted to be a major driver of new venture success. However, scholarly knowledge is limited on how and when entrepreneurs’ alertness to entrepreneurial opportunities drives new venture success. The current study addresses this gap in the entrepreneurship literature by arguing that variations in new venture performance are a function of levels of entrepreneurial alertness and networking capabilities. Using primary data gathered from 203 new ventures operating in a sub-Saharan African economy, Ghana, the study finds that increases in the levels of entrepreneurial alertness are related to increases in new venture performance. Additionally, the study finds that, under conditions of increased use of social and business networking capabilities, the potency of entrepreneurial alertness as a driver of new venture success is amplified. Theoretical, managerial and policy implications of these findings are discussed.
    • Entrepreneurial alertness and product innovativeness: Firm-level and environmental contingencies

      Adomako, Samuel (2020)
      Although scholars have recognized that alertness is critical in identifying and exploring opportunities, empirical studies exploring when alertness drives innovation are lacking. Drawing insights from the cognitive and contingency perspectives, the current study addresses this gap in by arguing that variations in firm product innovativeness is a function of degree of entrepreneurial alertness and levels of internal firm capabilities and environmental conditions. Data were collected from from 385 small and medium-sized enterprises (SMEs) in Ghana. This study used the hierarchical regression estimation technique to analyses the data and found that a significant positive relationship between entrepreneurial alertness and firm product innovativeness. Moreover, the findings showed that entrepreneurial alertness is beneficial for firms to innovate when pressures from customers and competitors are intense. Finally, the results revealed that stronger market information sharing and technological opportunism also amplify the alertness-innovativeness relationship.
    • Entrepreneurial orientation, environmental sustainability and new venture performance: Does stakeholder integration matter?

      Amankwah-Amoah, J.; Danso, A.; Adomako, Samuel (2019-01)
      Previous research has theorised that the link between entrepreneurial orientation (EO) and performance is mediated by environmental sustainability orientation (ESO). However, firm- level factors that may moderate this relationship are lacking. This paper attempts to fill this gap by examining how and when EO enhances new venture performance by considering ESO as mediator and stakeholder integration as an important contingent factor. Using primary data obtained from 242 chief executive officers (CEOs)/entrepreneurs, we found that the indirect relationship between EO and new venture performance is strengthened at high levels of stakeholder integration. Theoretical and practical implications are discussed
    • Entrepreneurs' Passion, Home Country's Institutional Voids and Small Firm Internationalization

      Adomako, Samuel; Amankwah-Amoah, J.; Chu, Irene (2020-10)
      The international entrepreneurship literature has revealed that entrepreneurs’ psychological characteristics drive a firm’s degree of internationalization. However, drivers that relate to entrepreneurs’ passion are not well developed in the international entrepreneurship literature. To fill this gap, this study uses a sample of 233 small firms to examine how entrepreneurs’ passion is related to small firms’ degree of internationalization and it also investigates whether this relationship is affected by levels of the home country’s institutional voids. The results show that passion is positively related to firms’ degree of internationalization and this relationship is positively moderated by levels of institutional voids. Implications for theory and practice are discussed.
    • Entrepreneurs’ improvisational behavior and new venture performance: firm-level and institutional contingencies

      Adomako, Samuel; Opoku, R.A.; Frimpong, K. (2018-02)
      Despite the growing research on the influence of entrepreneurs’ improvisational behavior on organizational outcomes, there is limited understanding of the specific firm-level and institutional conditions under which entrepreneurs’ improvisational behavior can effectively drive the success of new ventures. This paper contributes to filling this gap by investigating the moderating effects of financial resource capability and institutional support on the relationship between entrepreneurs’ improvisational behavior and new venture performance. The study’s theoretical model is validated by employing confirmatory factor analysis and hierarchical regression on primary data obtained from 395 new ventures in Ghana. The results reveal a significant positive moderating effect of financial resource capability on the relationship between entrepreneurs’ improvisational and new venture performance. In addition, the findings show that the effectiveness of improvisation behavior in driving a firm’s success depends on the level of institutional support. Overall, the findings provide a more nuanced explanation of the link between entrepreneurs’ improvisational and firm performance. Implications for research and practice are discussed.
    • Environmental sustainability orientation and performance of family and nonfamily firms

      Adomako, Samuel; Amankwah-Amoah, J.; Danso, A.; Konadu, R.; Owusu-Agyei, S. (2019-09)
      Despite the growing research evidence on the effect of environmental sustainability orientation (ESO) on firm outcomes, contingent factors that may influence the strength of this relationship have received little scholarly attention. In this study, we use insights from the literature on ESO and family business to introduce family status and firm age as moderators in the ESO-performance linkage. Using time-lagged data from 253 small and medium-sized enterprises (SMEs) in Ghana, we found the impact of ESO on firm performance is amplified for nonfamily firms but not significant for family firms. Our evidence suggests it is stronger among older firms than younger ones. Implications and directions for future research are discussed.
    • Environmental sustainability orientation, competitive strategy and financial performance

      Danso, A.; Adomako, Samuel; Amankwah-Amoah, J.; Owusu-Agyei, S.; Konadu, R. (2019-07)
      Extant research has established that environmental sustainability orientation (ESO) has a positive influence on performance outcomes. Nevertheless, several contingencies tend to affect the strength of this relationship. In this study, we draw on natural resource-based theory to introduce competitive strategies as moderators in the ESO-performance nexus. Using time-lagged data obtained from 269 firms in Ghana, this study finds that firms pursuing the differentiation strategy can positively boost performance outcomes with ESO than without differentiation strategy. We also find that firms can use the low-cost or the integrated strategy to get higher impact on performance with ESO respectively. Based on the results, firms in Ghana do not need differentiation strategy in order to boost the effect of ESO on financial performance. Theoretical and practical implications are discussed.
    • Going green, going clean: Lean-green sustainability strategy and firm growth

      Lartey, T.; Yirenkyi, D.O.; Adomako, Samuel; Danso, A.; Amankwah-Amoah, J.; Alam, A. (Wiley, 2020-01)
      Despite the widespread recognition of the paybacks of “going green” and “going clean”, limited research has focused on the impact of lean-green strategy on firm growth. In this study, we contribute to strategy and environmental sustainability literatures by investigating the possibility that the influence on lean-green strategy and firm growth is driven by different levels of industry competition, managerial power and family ties. Using panel data from 732 firms in four major industrialised economies (the US, Germany, France and the UK), we found that lean-green strategy positively relates to firm growth and this relationship is amplified at higher levels of competition, managerial power and family ties. Theoretical and practical implications of the study are also discussed.
    • Human resource slack, sustainable innovation and environmental performance of small and medium-sized enterprises in sub-Saharan Africa

      Adomako, Samuel; Nguyen, N.P. (2020)
      Despite the burgeoning interests in the environmental strategy, there is a limited understanding of how human resource slack drives sustainable innovation and environmental performance. This paper contributes to filling this gap by examining the effect of human resource slack on sustainable innovation and its impact on environmental performance. Besides, this paper investigates the contingent effects of intangible resource advantage on this relationship. The hypotheses are tested using data from 301 small and medium‐sized enterprises in Ghana. The results suggest that human resource slack positively relates to sustainable innovation and this relationship is moderated by intangible resource advantage. Also, we find that sustainable innovation mediates the relationship between human resource slack and environmental performance. The insights from our paper provide a nuanced understanding of the relationships among human resource lack, sustainable innovation, and environmental performance. Implications for theory and practices are discussed.
    • Institutional voids, international learning effort and internationalization of emerging market new ventures

      Adomako, Samuel; Amankwah-Amoah, J.; Dankwah, G.O.; Danso, A.; Donbesuur, F. (2019-12)
      Much of the existing scholarly works portray institutional voids (IVs) in emerging economies as impeding forces against the development of new ventures. However, little attention has been paid to how such voids generate positive outcomes in emerging market new ventures. Drawing on the institutional theory, we propose IVs as crucial enablers of new venture internationalization. In addition, we investigate both how and when IVs enhance the degree to which new ventures internationalize by examining international learning effort (ILE) as a mediator and two domestic market environmental factors (i.e., environmental dynamism and competitive intensity) as important contingencies. We test our moderated mediation model using primary data gathered from 211 new ventures from Ghana. We found that ILE mediates the relationship between IVs and new venture internationalization and that both environmental dynamism and competitive intensity moderate the indirect relationship between home-country IVs and new venture internationalization. We discuss the theoretical and practical implications of this study.
    • Interfirm Collaboration and CSR Expenditure in Turbulent Environments: The Moderating Role of Entrepreneurial Orientation

      Adomako, Samuel; Nguyen, P.N. (Wiley, 2020)
      This paper draws on resource dependency theory to examine the impact of interfirm collaboration on CSR expenditure. In addition, we examine entrepreneurial orientation (EO) as a moderator of the relationship between interfirm collaboration and CSR expenditure. We test our research model using survey data from 230 small and medium-sized enterprises (SMEs) in Ghana. Results from our empirical analyses reveal that interfirm collaboration positively impacts CSR expenditure and this relationship is strengthened when entrepreneurial orientation is greater in turbulent environments. Implications for theory and practice are discussed.
    • Market sentiment and firm investment decision-making

      Danso, A.; Lartey, T.; Amankwah-Amoah, J.; Adomako, Samuel; Lu, Q.; Uddin, M. (Elsevier, 2019-11)
      While research on factors driving corporate investment decisions has blossomed, knowledge related to the Chief Executive Officer’s (CEO’s) market sentiment on investment decision outcomes is lacking. In this study, we extend the existing corporate finance literature by examining the underexplored issue of how CEOs’ market sentiment drives firms’ investment decisions. Capitalising on a large sample of US firms for the period 2004-2014, we uncovered some crucial observations. First, we found empirical support for our theoretical contention that market sentiment drives corporate investment decisions. Second, we established that, while financial flexibility induces managers to overinvest, the expectation of future profitability leads firms to underinvest during high sentiment periods. In addition, we uncovered that the 2007/08 financial crisis significantly impacted firm behaviour and realigned managerial decision-making. Thus, the sentiment-investment relationship is more pronounced during the crisis and the post-crisis periods. Our results are robust after accounting for the possibility of endogeneity and using alternative measures of both CEOs’ market sentiment and firm investment.
    • The moderating influence of competitive intensity on the relationship between CEOs’ regulatory foci and SME internationalization

      Adomako, Samuel; Opoku, R.A.; Frimpong, K. (2017-09-21)
      The international business literature has mainly focused on the impact of top managers' psychological attributes on firms' strategic decisions. However, the potential moderating influence of industry conditions such as competition has not been well explored. Deriving insights from the regulatory focus and upper echelons theories, this paper extends the international business and regulatory focus literature by investigating how the impact influence of CEOs' regulatory foci on firms' degree of internationalization depends on the intensity of competitive market conditions. Using primary data gathered from 289 small and medium-sized enterprises (SMEs) in Ghana, the findings of the study revealed when competition is intense in the domestic market, the potency of a CEO's promotion focus as a driver of internationalization is amplified. In addition, the research shows that intense domestic market competition weakens the negative influence of a CEO's prevention focus on a firm's degree of internationalization. These findings have important research and managerial implications for international business.
    • Politically connected firms and corporate social responsibility implementation expenditure in sub-Saharan Africa: Evidence from Ghana

      Adomako, Samuel; Nguyen, N.P. (Wiley, 2020)
      While previous research has emphasized the role of stakeholder pressures, firm‐specific factors, as well as CEO characteristics as important drivers of corporate social responsibility (CSR) implementation, our understanding of how political connections impact small and medium‐sized enterprises' (SMEs') CSR implementation expenditure is quite limited. In this study, we contribute to filling this gap by investigating the effects of political connections and CSR expenditure and explain the conditions that impact this relationship. Using data from 473 SMEs in Ghana, we find that political connections negatively influence CSR implementation expenditure. However, the negative effect is weakened when a firms' reputation and competitive CSR implementation pressures are high. Implications for theory and practice are discussed.
    • R&D intensity, knowledge creation process and new product performance: The mediating role of international R&D teams

      Adomako, Samuel; Amankwah-Amoah, J.; Danso, A.; Danquah, Joseph K.; Hussain, Zahid I.; Khan, Z. (Elsevier, 2019)
      Although previous studies have shown the positive effect of research and development (R&D) intensity on new product performance (NPP), our understanding about the mechanisms through which R&D intensity influence NPP is less understood. In this paper, we focus on the mediating role of international R&D teams in explaining the effect of R&D intensity on NPP. Since R&D teams are dispersed across the globe, thus examining the role of international R&D teams will provide a more nuanced understanding of the mechanisms through which R&D intensity contributes to NPP. Using survey data from 201 Ghanaian firms engaged in internationalization activities, the results suggest that the use of international R&D teams mediates the relationship between R&D intensity and NPP. Moreover, the findings indicate that the use of international R&D teams improves NPP and that this linkage is amplified when the knowledge creation process inside the firm is stronger. We discuss the implications of these findings for theory and practice.
    • Small business growth and performance

      Adomako, Samuel; Mole, K.F. (Sage, 2018)
      Research on business growth has blossomed, yet scholars often complain face the difficulty of distililing a clearer pitcure of the business growth phenomenon. This paper attempts to overcome this limitation by reviewing and synthesizing extant research on business growth. First, we begin by examining Penrose’s view of firm growth. Second, we highlight how business growth is measured; these are absolute or relative change and growth as a process. Third, we explore theories of business growth; integrated models-theories that explain the factors that drive business growth and (2) stage models which view business growth as a series of phases or stages of development through which a firm must pass in its life-cycle. Fourth, we examine modes of business growth; these are organic vs. acquisition growth, growth through networks and alliances and growth through internationalization. Fifth, we examine drivers and constraints to business growth. We conclude the review by pointing out areas of harmony and contention in the literature, from which we suggest opportunities for future research.
    • Stakeholder integration, environmental sustainability orientation, and financial performance

      Danso, A.; Adomako, Samuel; Lartey, T.; Amankwah-Amoah, J.; Owusu-Yirenkyi, D. (2019)
      Despite the growing research on the influence of stakeholder integration on organizational outcomes, our understanding of the specific firm-level conditions that may mediate the relationship between stakeholder integration and financial performance is lacking. Using primary data gathered from 233 small and medium-sized enterprises in Ghana, we found empirical support for our contention that the link between stakeholder integration and financial performance is mediated by a firm’s environmental sustainability orientation. In addition, our study demonstrated that competitive intensity moderates the indirect relationship between stakeholder integration and financial performance in such a way that the indirect effect through environmental sustainability orientation is stronger for higher levels of industry competition. We discuss theoretical and managerial implications of these findings.