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Research Article
Examining the Impact of Spillover Effects on the Relationship Between Green Banking Practices and Pro-Environmental Behaviours Among Bankers in Ghana's Greater Accra Region
Issue:
Volume 10, Issue 1, March 2025
Pages:
1-22
Received:
19 December 2024
Accepted:
9 January 2025
Published:
5 February 2025
Abstract: This study investigates the Impact of Green Banking Practices on the Pro-environmental behaviour of bankers in the Greater Accra Region of Ghana. Utilizing a quantitative research design, the study employs SMART PLS-SEM, SPSS version 25, and Excel to analyze the data in line with the stated objectives. The findings suggest that banks actively engage in environmental protection planning and execution, offering financing to businesses involved in eco-friendly and energy-saving programs. Furthermore, banks demonstrate a commitment to environmental sustainability by fostering a sense of responsibility and dedication to environmentally friendly operations among employees. The study highlights a pronounced positive impact of Green Banking practices on pro-environmental behaviours. Additionally, it identifies the mediating role of the spillover effect in the relationship between Green Banking practices and pro-environmental behaviour. The research suggests raising customer awareness, implementing tax reductions for green bonds, and providing subsidies for environmental preservation activities will encourage additional subscription to green banking practices. Practically, a successful green banking system in Ghana will necessitates collaboration between financial and fiscal institutions to accelerate development of a legal framework, and regulatory mechanisms for green finance, including revisions to the commercial banking law to establish environmental legal responsibilities and crafting regulations on compulsory liability insurance for environmental damages that are likely to occur as a result of non-compliance to the legal regimes for the green banking practices.
Abstract: This study investigates the Impact of Green Banking Practices on the Pro-environmental behaviour of bankers in the Greater Accra Region of Ghana. Utilizing a quantitative research design, the study employs SMART PLS-SEM, SPSS version 25, and Excel to analyze the data in line with the stated objectives. The findings suggest that banks actively engag...
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Research Article
Assessing the Effects of Macroeconomic Factors on the Financial Performance of Ghanaian Listed Manufacturing Companies
Issue:
Volume 10, Issue 1, March 2025
Pages:
23-41
Received:
25 November 2024
Accepted:
16 December 2024
Published:
6 February 2025
Abstract: This study used data from a specific era to analyze the macroeconomic factors of financial success in Ghana's listed manufacturing enterprises. Using secondary data, the study investigates how inflation, exchange rate variations, Gross Domestic Product (GDP) growth rates, and interest rate changes affect key financial measures, notably Return on Equity (ROE) and Return on Assets (ROA). The findings show that, whereas exchange rate fluctuations have a major impact on financial performance, inflation, GDP growth rates, and interest rate changes do not have the same impact on the financial performance of the manufacturing firms listed on the Ghana Stock Exchange. Firm size emerges as a significant moderator, influencing the complex linkages between macroeconomic variables and financial results of the listed manufacturing firms. The regression models show impressive goodness-of-fit, as evidenced by high R-squared values, low standard errors of regression, and positive log likelihood. Despite the fact that inflation had no statistically significant impact on the listed manufacturing companies' profitability, we advise that the firms keep an eye on both domestic and international inflation to comprehend its indirect effects on pricing and costs and to provide guidance for their financial management. We also advise specific risk management measures for currency fluctuations, in-depth analysis of inflation dynamics, and continual monitoring of macroeconomic data for manufacturing enterprises. We suggest that future studies should compare manufacturing industries and economic cycles to better understand the impact of technology, trade dynamics, and government policies on manufacturing firms' bottom lines. This could lead to the development of more targeted financial strategies.
Abstract: This study used data from a specific era to analyze the macroeconomic factors of financial success in Ghana's listed manufacturing enterprises. Using secondary data, the study investigates how inflation, exchange rate variations, Gross Domestic Product (GDP) growth rates, and interest rate changes affect key financial measures, notably Return on Eq...
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Research Article
Budget and Budgetary Control, a Real Tool for Controlling Public Expenditure in the Context of Public Sector Organization in Ghana
Issue:
Volume 10, Issue 1, March 2025
Pages:
42-61
Received:
27 December 2024
Accepted:
13 January 2025
Published:
11 February 2025
Abstract: This study comprehensively investigates the dynamics of Public Expenditure Management within the context of a public sector organization. It explores the direct impact of Budget and Budgetary Control on Public Expenditure Management and assesses the influence of Information Technology Adoption and Stakeholder Participation on these management practices. Additionally, the study delves into how Organizational Culture shapes Public Expenditure Management and explores the potential mediating roles of Organizational Culture, Information Technology Adoption, and Stakeholder Participation in the relationship between Budget and Budgetary Control and Public Expenditure Management. This research employs a quantitative approach, utilizing a structured survey questionnaire to collect data from 300 participants within a specific public sector organization. The study utilizes a cross-sectional design to examine the relationships between the variables, including Budget and Budgetary Control, Information Technology Adoption, Stakeholder Participation, Organizational Culture, and Public Expenditure Management. Data analysis involves the use of statistical techniques such as correlation analysis, structural equation modelling (SEM), and mediation analysis to explore the interrelationships and mediating effects among the variables. The findings reveal significant positive correlations between Budget and Budgetary Control and Information Technology Adoption, Stakeholder Participation, and Organizational Culture, as well as their impact on Public Expenditure Management. Budget and Budgetary Control positively influence Public Expenditure Management, while Information Technology Adoption and Stakeholder Participation play significant roles in shaping expenditure management practices. Organizational Culture also influences Public Expenditure Management outcomes. However, the mediation analysis did not yield significant results, suggesting complex relationships that warrant further investigation. This study contributes to the existing literature by comprehensively examining the multifaceted relationships between Budget and Budgetary Control, Information Technology Adoption, Stakeholder Participation, Organizational Culture, and Public Expenditure Management within the public sector. It sheds light on the significance of these factors in enhancing the efficient allocation and utilization of public resources, offering practical insights for policymakers and public sector managers.
Abstract: This study comprehensively investigates the dynamics of Public Expenditure Management within the context of a public sector organization. It explores the direct impact of Budget and Budgetary Control on Public Expenditure Management and assesses the influence of Information Technology Adoption and Stakeholder Participation on these management pract...
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Research Article
Influence of Collateral Requirements on Performance of SMEs Business in Meru County, Kenya
Muriungi Silas Kaimenyi*
Issue:
Volume 10, Issue 1, March 2025
Pages:
62-71
Received:
10 December 2024
Accepted:
25 December 2024
Published:
20 February 2025
Abstract: The purpose of this study is to examine the influence of collateral requirements on the performance of small and medium-sized businesses (SMEs) in Meru County, Kenya. A proportional random stratified design was used to select the 234 SMEs that make up the study's sample. Data was gathered from registered business owners and/or employees using questionnaires. Descriptive statistics, frequency tables, and chi-square tests were used to examine the data. The study established that demand of collateral affected performance of SMEs negatively by a proportion of 74%. Additionally, there was a significant relationship between collateral requirements and the performance of SMEs in Meru County. It is proposed in this study that financial institutions should consider accepting non-tangible collateral. However, this should take place after thorough customers’ background checks have been done. The findings are significant for addressing credit and financial concerns, which are critical to the growth and long-term sustainability of the SME sector.
Abstract: The purpose of this study is to examine the influence of collateral requirements on the performance of small and medium-sized businesses (SMEs) in Meru County, Kenya. A proportional random stratified design was used to select the 234 SMEs that make up the study's sample. Data was gathered from registered business owners and/or employees using quest...
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Research Article
Tax Justice, Tax Administration and Tax Compliance of Small and Medium Enterprises in Lagos State
Issue:
Volume 10, Issue 1, March 2025
Pages:
72-85
Received:
8 January 2025
Accepted:
26 January 2025
Published:
24 February 2025
Abstract: The issue of tax compliance has been a major concern for governments worldwide, particularly in developing nations with low tax-to-GDP ratios. This may be due to the fact that strategies like tax reform, laws, and penalties to ensure tax compliance in Nigeria don't seem to be working as intended. In light of this, this study looked at how tax justice and administration affected SMEs' tax compliance in Lagos. An ex-post facto research design was used for the study. The population of the study consisted of 11,623 SMEs in Lagos State. Simple random sampling technique was utilized to ensure that every potential participant has an equal opportunity to be selected, and the Cochran formula was used to get an ideal sample size of 409 respondents across Lagos State, Nigeria. A structured questionnaire was formulated, and the validity as well as the reliability test of the questions were tested. The result shows that the questions were valid and reliable at a Cronbach alpha value > 0.7. All the questions distributed across the small and medium enterprises in Lagos State were collected and filled appropriately. Thus, the data were analysed using descriptive and inferential (multiple regression) statistics at the 5% level of significance. The findings of the study showed that tax justice and tax administration significantly affect tax morale in SMEs in Lagos state (Adjusted R2 = 0.026; F-Stat = 3.724; p-value < 0.05). The second hypothesis tested showed that tax justice and tax administration significantly affect tax fairness in SMEs in Lagos state (Adjusted R2 = 0.124; F-Stat = 15.39; p-value < 0.05). The study, therefore, revealed that tax justice and tax administration significantly affect tax compliance in SMEs in Lagos State. The study suggested that the government and tax authorities should adopt proactive measures to promote voluntary compliance among SMEs, emphasising the benefits of compliance and providing incentives for timely and accurate tax reporting. This could include offering discounts or incentives for early payment of taxes, as well as recognition programs for compliant taxpayers.
Abstract: The issue of tax compliance has been a major concern for governments worldwide, particularly in developing nations with low tax-to-GDP ratios. This may be due to the fact that strategies like tax reform, laws, and penalties to ensure tax compliance in Nigeria don't seem to be working as intended. In light of this, this study looked at how tax justi...
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