Journal article 102 views
Internal capabilities, national governance and performance in African firms
Tunyi Tunyi Abongeh,
Henry Agyei-Boapeah,
Geofry Areneke,
Jacob Agyemang
Research in International Business and Finance, Volume: 50, Pages: 18 - 37
Swansea University Author: Tunyi Tunyi Abongeh
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DOI (Published version): 10.1016/j.ribaf.2019.04.009
Abstract
We explore the relations between firms’ internal capabilities, national governance quality (NGQ) and performance in the African context using a dataset comprised of 11,183 firm-year observations (1490 unique firms from 15 African countries over a 17-year period). Our study offers new insights into h...
| Published in: | Research in International Business and Finance |
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| ISSN: | 0275-5319 1878-3384 |
| Published: |
Elsevier BV
2019
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| Online Access: |
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| URI: | https://cronfa.swan.ac.uk/Record/cronfa65115 |
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| Abstract: |
We explore the relations between firms’ internal capabilities, national governance quality (NGQ) and performance in the African context using a dataset comprised of 11,183 firm-year observations (1490 unique firms from 15 African countries over a 17-year period). Our study offers new insights into how interlinkages between firms’ internal and external environment, shape corporate success. Specifically, we find that (1) firms’ internal capabilities (captured by financial resource-availability and growth prospects) are critical enablers of performance in both weak and strong institutional environments, (2) individual firms perform well in environments where their peers performs well, (3) NGQ directly enhances aggregate firm performance, and in tandem, the performance of individual firms, and (4) NGQ moderates the capability-performance nexus, by enhancing the translation of growth opportunities into profitability. The results highlight the critical role of firm-level financial resource availability and growth prospects in shaping corporate success in this challenging institutional environment. |
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| Keywords: |
Firm performance, National governance quality, Internal capabilities, Africa |
| College: |
Faculty of Humanities and Social Sciences |
| Start Page: |
18 |
| End Page: |
37 |