African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4030

AJBM Articles

April 2019

“Bit Standard”- Bitcoin between reality and risks of a “halfway-money”

This work provides an explanation of the market underlying the evolution due to modern technologies and technical advances, especially in transactions. In this regard, the authors specify the aspect related to the creation of virtual currencies like bitcoin that can circulate thanks to the Blockchain system through miners’ work. The authors consider areas related to the warnings on the use and exchange of virtual...

Author(s): Christian Rainero, Luigi Puddu, Alessandro Migliavacca, Riccardo Coda and Giuseppe Modarelli

April 2019

Does the IFRS 15 impact earnings management? Initial evidence from Italian listed companies

The purpose of the present work was to gauge the extent of the impact on earnings management derived from the adoption of International Financial Reporting Standards (IFRS) 15 as well as detecting whether the impact will be similar in different industries. To provide empirical evidence that earnings management is more frequent in some industries and less frequent in others by means of a statistical analysis, a sample of...

Author(s): Marco Tutino, Carlo Regoliosi, Giorgia Mattei, Niccolò Paoloni and Marco Pompili

April 2019

Dividend policy and financial performance: a study of selected deposit money banks in Nigeria

This study investigates the relationship between financial performance and dividend policy for a sample of fifteen Deposit Money Banks quoted on the Nigeria Stock Exchange 2009 to 2014. Panel data regression analysis was used as the method of analysis, and the model was estimated using the Pooled Least Squares estimation technique. The study revealed that there is a positive and significant relationship between dividend...

Author(s): Israel Odion E. Idewele and Bein A. Murad

March 2019

Effects of varying factors on performance of construction projects in terrorism hit areas of the world

Construction projects have encountered poor performance due to the insecure environment caused by insurgency and terrorism in the world. The real cause includes lack of desired resource and reluctance of stakeholders/project teams to work in such areas. The project suffers a massive loss of finances, time overrun and poor quality which ends up the project in the midway. In the current research, various risks which...

Author(s): Waqas Anwar, Eduardo Munive Hernandez and Mohammad Khurshid Khan

March 2019

The joint effect of firm capability and access to finance on firm performance among small businesses: A developing country perspective

The purpose of this paper was to establish the joint effect of access to finance and firm capability on small businesses’ performance in Kampala, Uganda. The study adopted a cross-sectional design with a sample of 384 small businesses. Self administered questionnaires were used in data collection and data was collected from August to November 2018. The study utilised SPSS to perform correlation and regression. The...

Author(s): Peter Turyakira, Sendawula Kasimu, Pedson Turyatunga and Saadat Nakyejwe Kimuli  

March 2019

Estimating the maximum probable annual losses due to flooding

This paper aims to estimate the maximum probable annual losses to the risks of flooding. While examining the frequency of the event, it was observed that, at least one accident occurred periodically, which resulted in maximum losses. This is an empirical study and it is based on maximum losses due to floods per year, as obtained from the International Disaster Database and Munich Re. The analysis is based on 66 extreme...

Author(s): Emad A. A. Ismail, and Fuad A. A. Awwad

March 2019

The impact of intellectual capital on firms’ financial performance and market value: Empirical evidence from Italian listed firms

The purpose of this paper is to extend the understanding of Intellectual Capital (IC) in the context of Italian listed firms. In this study, the Valued Added Intellectual Coefficient (VAIC) is employed as a measure of IC to investigate the relationship between IC, firms’ financial performance and market value. The empirical investigation is developed by using data drawn from a sample of 135 Italian listed...

Author(s): William Forte, Gaetano Matonti and Giuseppe Nicolò  

March 2019

Critical success factors for green supply chain management practices: An empirical study on data collected from food processing companies in Saudi Arabia

The aim of this research paper is to explore critical success factors required to implement green supply chain management. A descriptive analytical method was used by which a questionnaire was developed based on literature review and suggestions of academics as well as experts. It was distributed to a sample of 360 managers selected from food processing companies in Saudi Arabia. Out of 360 questionnaires, 278 were...

Author(s): Rashid M. Alhamali  

March 2019

Satisfaction of university community on in house sourcing (Samara University) versus outsourcing (some selected government universities in Ethiopia)

Outsourcing noncore activities are the best solution for many organizations. This study was conducted to study the comparative analysis of university community satisfaction on outsourcing in some selected universities in Ethiopia using both primary and secondary data. Samples were taken from students, teachers and support staff of four universities. The research identified that by outsourcing the different non-core...

Author(s): Mesud Mohammed, Nega Abebe and Mulatu Wondim  

March 2019

The status quo of East African stock markets: Integration and volatility

This paper presents the current stock markets’ situation of East African markets compared to Johannesburg Stock Exchange (JSE). The study uses weekly price indices of Kenya, Tanzania, Rwanda, and Uganda, South Africa as a performance benchmark for the African market. The period used is from 17th January 2008 to 31st March 2017. The stock indices’ returns results show in general that there is relatively...

Author(s): Marselline Kasiti Atenya  

February 2019

Religiosity and consumer behavior in developing countries: An exploratory study on Muslims in the context of Burkina Faso

The interest of researchers on religiosity and consumer behavior is explained by the fact that religion has an influence, not only on the social behavior of individuals, but also on their consumption behavior (Fam et al., 2004; Nasse, 2006; Mansori, 2012; Diop, 2012). Most of the studies on the topic are from Western and Asian countries. Little research on the subject has been conducted in Africa and particularly in...

Author(s): Théophile Bindeouè Nasse,, Alidou Ouédraogo and Fatou Diop Sall  

February 2019

Impact of non-performing assets on the profitability in Indian scheduled commercial banks

Banking in modern times is the kingpin of all economic activities. It is instrumental in shaping the economic destiny of a country. Banks are considered as the nerve-centres of economics and finance of any nation and the barometer of its economic prospective. Since the banks have stupendous investment potential, they can make a significant contribution in eliminating poverty and problem of unemployment. It can bring...

Author(s): Kavitha Nachimuthu and Muthukrishna Veni  

February 2019

The growth determinants of micro and small enterprises and its linkages with food security: The case of Mecha district, Amhara region, Ethiopia

The study assessed the growth determinants of micro and small enterprises (MSEs) and its linkages with food security in Mecha district of Amhara region. The research was conducted to fill the empirical gaps regarding the linkages of MSEs growth with food security. Previous researches conducted in Ethiopia on the MSEs growth did not explicitly show the relationships of the growth of those enterprises on households’...

Author(s): Yikeber Yimesgen  

February 2019

The impact of firms’ characteristics in accessing finance by micro, small and medium enterprises in Southern Ethiopia

There is a concurrence among different stakeholders such as policy makers, economists, and business experts that Micro Small and Medium enterprises (MSMEs) are engines of economic growth. The dynamic role of MSMEs in developing countries insures them as engines through which the growth objectives of developing countries can be achieved. However many problems encounter MSMEs and as a result, many firms perform dismally...

Author(s): Desta Zelalem and Mebrat Wubante  

February 2019

Investigating the effectiveness of entrepreneurship education in developing entrepreneurial intentions among students in HEIs located in Blantyre District of Malawi

This paper aims to investigate the effectiveness of entrepreneurship education in developing entrepreneurial intentions among students in HEIs in Blantyre District of Malawi. A mixed method approach consisting of quantitative and qualitative methods was employed. In total 60 participants were purposively sampled for the study of which 42 responded to the questionnaire that was administered. This represents a response...

Author(s): Nelson Nanteleza Ndala  

January 2019

Application of the elements of marketing mix by business start-ups during incubation: A case of Makerere University in Uganda

Firm incubation and marketing mix are not new concepts in the business world. They have been existing for decades and their meaning has been explained in real business sense. Despite being in existence for long, little is known about how marketing mix elements (popularly referred to as the “Seven P’s”) are used by business start-ups during incubation. Data were collected from owners of start-up...

Author(s): Anthony Tibaingana  

January 2019

Solidarity economy, social and cooperative enterprises: The view of citizens in Greece

This paper investigated the factorial composition and the internal coherence of α questionnaire on Solidarity Economy (SE) and Social and Cooperative Enterprises (SCE) based on data gathered from a sample of 214 citizens region of Thessaly. The questionnaire consists of three categories of questions that refer to: a) citizens' statements related to Social and Cooperative Enterprises (scale A); b) barriers to...

Author(s): Theodossiou George, Rigas John, Goulas Αpostolos and Rigas George  

January 2019

Rediscovering public engagement in higher education: A bridge between university community and publics

In recent years, public engagement attention is drawn towards university institutions since the role of universities is projected towards the sharing and spreading of knowledge beyond the traditional academic bounds. Thus, the university is becoming a “partner” that collaborates at the community's growth, and debates with all the stakeholders who might have an interest, either direct or indirect, in the...

Author(s): Vittoria Marino, Letizia Lo Presti and Marco Pellicano  

January 2019

The effects of organizational culture on turnover intention: The mediating role of job satisfaction, a case of Oromia Forest and Wild Life Enterprise

The purpose of this study was to identifying the effects of organizational culture on turnover intention with mediated role of satisfaction. Data were gathered by closed ended questionnaires distributed to five OFWELs in Oromia. The scales used were the organizational culture index, job satisfaction survey, and the turnover intention questionnaire. The collected data was statistically analyzed by SPSS 20 and AMOS 21....

Author(s): Girma Taye Niguse  

January 2019

Role of entrepreneurship education on students’ intention and mediating effect of self-efficacy

Entrepreneurship education trend is increasing rapidly worldwide. This increase was driven through entrepreneurship promise like a catalyst to promote economic revival and growth. It is anticipated entrepreneurship education provides the basis of entrepreneurship notions, forming attitude, behavior, and mind set of the entrepreneurs. Several programs regarding entrepreneurial education established in universities have...

Author(s): Nosheena Yasir, An Liren and Nasir Mahmood  

January 2019

Critique does not equate to rebellion: Positive deviance and entrepreneurial networking among small and medium enterprises in Uganda

This paper examines the relationship between positive deviance and entrepreneurial networking among small and medium enterprises (SMEs). Using a mixed method approach combined self-administered questionnaires and interview guide covering 228 SMEs in Uganda, the cross-sectional nature of this study revealed key nuances about SMEs. The research findings confirmed a significant positive relationship between positive...

Author(s): Samuel Mayanja, Joseph M. Ntayi, J. C. Munene, Balunywa Wasswa and Moses M. Kibirango

January 2019

Context and strategy: Managing Sanlam for and in change, 1945-2013

Business sustainability of corporations a hundred years old, is not a regular occurrence in Africa. A qualitative historical study of the development of an insurance company succeeding on the trajectory of adapting to challenging context constitutes the core of this study. The historical analysis illustrates the role of social context, international political economy and management agency in negotiating a successful...

Author(s): Drotskie Adri and Grietjie Verhoef  

January 2019

Internal equity and customer relationship management in developing countries: A quantitative and a comparative study of three private companies in Burkina Faso

Internal equity in customer relationship management is ignored by companies in Burkina Faso, which causes a reduction in terms of profitability. Equity and ethical practices in marketing are essential to the sustainable development of companies in Burkina Faso especially in the context of globalization where values of fair trade are promoted and where competition is ferocious. This research focuses on the contribution...

Author(s): Théophile Bindeouè Nasse,  

December 2018

Evaluating the extent to which cultural diversity is recognised in the workplace: The Cape metropolis managers’ views

South Africa has its own texture of cultural diversity unparalleled by any in the history of the world. The diversity emanates from the period of the Dutch settlers (1640s) occupying land in the country through their by conquest of the non-militant indigenous inhabitants. Soon the British arrived (1800s) and occupied more land. Before long, the two settler groups were fighting for ownership and control of the land. As...

Author(s): T. Beretu and L. E. Jowah  

December 2018

Managing value dimensions within an ecosystem framework: Reflections and empirical observations in the tourism sector

The increasing attention in the field of value management is highlighting multiple challenges for researchers and practitioners. Building on previous managerial contributions, the paper aims to define a possible path for combining the conceptual contributions related to value in exchange, value in use, and value in context in a common framework to improve understanding of emerging social and economic dynamics under the...

Author(s): Luca Carrubbo, Debora Sarno, Francesco Caputo and Francesco Smaldone  

December 2018

Institutionalism and development process of family firms in Kenya

This paper uses institutional theory to investigate the nexus between institutional context and development of the entrepreneurial process in family firms (from start-up, development, and growth to innovation and corporate entrepreneurship), focussing on the behaviour patterns of entrepreneurs. A qualitative case study methodology was used to examine 60 cases over a one-year period. Thirty of these cases were from two...

Author(s): Elijah Bitange Ndemo  

December 2018

Factors influencing project selection in the renewable energy sector of Zambia

The purpose of this paper is to investigate the factors that influence decision making in the selection of projects in renewable energy sector of Zambia. Project selection and development of a portfolio of projects in line with corporate strategy is an important task of decision makers in the renewable energy sector of both public and private organizations. The selected projects have to meet the appropriate time frame...

Author(s): Percy Jennings Saili and Balimu Mwiya  

December 2018

Factorizing towards the prime determinants of job satisfaction: An integrative modeling across PCA and logistic regression

In recent years, job satisfaction has been seriously taken as one of the top priority concerns in developing countries, since the living standards of the people have been improving. The overarching aim of this study is to identify the top most determinants of job satisfaction among employees of Abay bank using a sample of 150 employees working in Addis Ababa. A combination of principal component analysis (PCA) and OLR...

Author(s): Timkete Aleme  

December 2018

Corporate social responsibility: An approach to peace?

The responsibility to promote sustainable development should be a joint effort among government, industry and other organizations. They can share the responsibilities and commitments that countries have with regard to the ratification of the global plans of action, such as Agenda 21, Kyoto Protocol and Agenda 2030. Delai and Takahashi (2012) explain that the Corporate Social Responsibility (CSR) is the approach to...

Author(s): Alvany Maria dos Santos Santiago, Pamela K. Robinson and José Celio Silveira Andrade  

November 2018

The influence of ethnocentrism and Halal trust on attitudes toward products from non-Muslim countries: A study of Moroccan consumers

Several studies show that the consumer ethnocentrism is capable of influencing consumption patterns both in terms of negative impact on consumer attitudes toward foreign products and positive influence on the intention to purchase domestic offers. The study extends the investigation of this research area toward Muslim countries, analysing the impact of interactions between consumer ethnocentrism and halal trust on the...

Author(s): Giada Mainolfi and Riccardo Resciniti  

November 2018

Exploring the determinants for a successful family entrepreneurship: Empirical evidences from Punjab Province

Family businesses are the main entrepreneurial powers of today in the global economy, but the low survival rate is the main concern all over the world. Family entrepreneurship is the most successful business, where assets, personal involvement, and hired temporary employees help to improve the success of the business. Family businesses contribute about 45-75% to Gross Domestic Product (GDP) and provide job opportunities...

Author(s): Muhammad Shahid Naseer, Muhammad Nazam, Mahmood Ahmad Randhawa, Manzoor Ahamd, Asif Maqbool, Masood Ahmad Khan and Muhammad Umar Ayub  

November 2018

Is there a weather effect? Evidence from a panel of emerging countries’ stock markets

A long history of psychological studies has postulated that good (bad) weather induces a positive (negative) mood. Other studies have concluded that mood can influence humankind decision-making process under risk and uncertainty. Several behavioural finance studies have raised the question of whether sunshine, temperature or other weather variables exert an impact on stock prices by affecting the behaviour of market...

Author(s): Massimo Mariani and Fabio Pizzutilo  

November 2018

Entrepreneurship in the rural context: Practical reflection on success and innovation

Given the important role that entrepreneurship plays in the economy, it is desirable that entrepreneurs succeed. However, there is a noticeable trend of rural entrepreneurs migrating to urban areas. This study aims to ascertain the factors that contribute to entrepreneurial success. Using quantitative methods fifty respondents participated and data was collected using questionnaires. The collected data was analysed and...

Author(s): Vukosi Autis Mkhavele and Thembie Ntshakala  

October 2018

Building brands through experiential events: When entertainment meets education

Experiential marketing is increasingly getting companies’ attention as a strategy to interact with consumers and engage them to better convey their brand image and positioning. However, its effects are still unclear both at the aggregate and individual levels. This paper addresses this topic and presents a field experiment investigating the effects of experiential marketing on brand image in retailing. Two similar...

Author(s): Michela Addis, Giulia Miniero and Francesco Ricotta

October 2018

The impact of open innovation practice on innovative performance through intellectual capital: Empirical study on SMEs

Open innovation (OI) practices and intellectual capital (IC), though from developed countries and large firms’ perspective, are related to higher innovative performance. But the influence of OI paradigm on IC and consequently on firms’ innovative performance in the context of developing countries is not yet sufficiently explored. This study examined the link between OI practice and IC and their influence on...

Author(s): Gebremichael Hailekiros Sibhato  

October 2018

Performance, financing decisions and corporate governance of Italian medium and large private family firms

This empirical study examines the relationship between financing decisions and corporate governance on the one side and firm performance on the other, concerning Italian large and medium private family firms. Tax-aggressive practices are not used to avoid a deprivation of socioemotional wealth, in terms of diminished reputation, caused by a possible tax-related lawsuit. Due to the low risk perception and most likely the...

Author(s): Oscar Domenichelli  

October 2018

Assessing the extent of compliance with IAS 41 by agricultural entities in Southern Malawi

The paper assesses the extent to which Malawian agricultural entities are complying with recognition and measurement requirements of IAS 41-Agriculture, for their agricultural produce and biological assets. The purpose of the paper is to investigate the extent to which Malawian agricultural entities are using the fair value accounting model proposed in IAS 41 for measuring their agricultural produce and biological...

Author(s): Nelson Ndala  

September 2018

Forward-looking information in integrated reporting: A theoretical framework

The purpose of this paper is to theorize a comprehensive theoretical framework for describing forward-looking information (FLI) practices of companies. The paper aims to discuss the theories usually applied to explain voluntary disclosure in literature and the interrelated theoretical perspectives regarding the role of voluntary disclosure in integrated reporting. Four relatively most common theories in disclosure...

Author(s): Elisa Menicucci and Guido Paolucci

September 2018

Altruism towards others and sustainability intention of small business owners

Though, small businesses are vital globally, they contribute to environmental and social challenges such as deforestation, pollution, use of polythene bags, poor working conditions, child labour and health hazards. Thus, it is vital to understand the concept of sustainability intention of small business owners. The purpose of this study therefore was to assess how altruism towards others influences sustainability...

Author(s): Saadat Nakyejwe Kimuli, Sendawula Kasimu and Humphrey M Sabi

September 2018

The antecedents of innovativeness in small and medium manufacturing enterprises in Kenya: A critical review of literature

Innovation has been accepted as a key stimulus for growth. This is more so with SMEs which are widely acknowledged as being a significant driver in economic growth. In a review of over 90 peer reviewed journal articles and conference papers; this paper brings together different arguments that have been made in explaining the antecedents for innovativeness. This is a critical review of the literature with respect to...

Author(s): Mkalama B. W., Ndemo B. E. and Maalu J. K.

September 2018

Assessing the impact of Chinese foreign direct investment on economic growth in sub-Saharan Africa

This study was conducted to assess the impact of Chinese outward foreign direct investment flows on economic growth in sub-Saharan Africa. The design used was a longitudinal study. The analysis used was existing data on 37 sub-Saharan African countries between 2003 and 2011. Two balanced panel regressions were estimated using time and country fixed effects, respectively. The estimations suggested that Chinese foreign...

Author(s): Mamadou Saliou Kokouma Diallo, Jingdong Luan and Hawaou Diallo  

September 2018

Effect of simplified licensing on registration and formalizing of start-ups in Mozambique

The Mozambican Government has long realized that the only way to solve the unemployment problem is by encouraging entrepreneurship amongst the youths through the formation of small enterprises. Legally operating enterprises will also contribute to the government’s coffers through taxations, exercise duties and contributions to the provident fund. The government introduced two accessible licenses for small firms...

Author(s): Alen Sawaya and Shepherd Bhero  

August 2018

How do teams become effective? A literature review and implication for Ethiopia

Teams have been recognized as the heart of organizations in previous decades and proved to be so in the current situation. However, in recent years different global forces have pushed organizations to their limit and forced them to restructure work and teams. Thus, this paper reviews articles on team effectiveness from 2000 to 2017 with the help of Google Scholar Search Engine using key words “teamwork” and...

Author(s): Mohammed Abdulnasir Abdulmelike

August 2018

Measuring employee performance in Gweru and Kwekwe city councils in midlands province, Zimbabwe

For organizations to measure the performance of its employees there is a need to have key performance indicators and performance standards set.  The current study at Gweru and Kwekwe City Councils in Zimbabwe assessed eight (8) performance aspects, which are quality work, employee output, communication and dependability (customer), controlling of costs (financial), planning, team working, problem solving and...

Author(s): Vonai Chirasha, Crispen Chipunza and Lewis Dzimbiri  

August 2018

Chinese Investment in Bangladeshi RMG Sector: Challenges and Opportunities

Ready Made Garments (RMG) sector is one of the most potential sectors of earning foreign capital to improve economic growth. Bangladesh is the great place for Chinese investors to invest in RMG sector as its export trend is increasing day by day. The main objective of this research paper was to find out opportunities and challenges of Chinese investment in Bangladesh. Data were collected from different secondary...

Author(s): Mir Sohrab Hossain, Nusrat Zahan Lopa and Md. Saidur Rahman  

August 2018

Move your Business Forward with Harvard

The CEIBS-Harvard Executive Program celebrated its 2nd Edition with the slogan: Move your business forward with Harvard. Executives can move their businesses forward through this annual executive program. The program took place from July 21st to 27th, 2018, at the Harvard Faculty Club in the prestigious city of Cambridge, Massachusetts.  

Author(s): Marisa del Pozo Lite  

August 2018

Determinants of growth of private investment in Jimma City, Ethiopia

Private investment is one of the mainsprings of economic growth. Jimma city has been identified as the low private investment activities in the development and growth of the economy. Thus, the objective of this study is to explain the determinants of private investment in the city. In an attempt to achieve this objective, data was collected through self-administered questionnaire from 171 sample respondents through a...

Author(s): Tigist Waktole and Mekonnen Bogale  

August 2018

The innovation of local public-sector companies: Processing big data for transparency and accountability

New Public Governance (Klijn, 2008) is the basis for our analysis of the group of public-sector and public service companies. It has furthered the involvement of citizens and of political governance in the management of resources (Boston and Pallot, 1997; Northcott et al., 2012). In order to manage the group while remaining accountable and guiding production choices, it is essential to have an overview and a guarantee...

Author(s): Paolo Pietro Biancone, Silvana Secinaro and Valerio Brescia  

July 2018

Modelling the relationship between innovation, strategy, strategic human resource management and organisation competitiveness

Several studies have been conducted to establish the link between strategy, human resource management (HRM) practices and organisation performance, yet no study has explored the alignment between strategy, innovation, strategic HRM and their impacts on organisation competitiveness. Therefore, the present study sets out to align strategy, innovation, strategic human resource management (SHRM) and organisation...

Author(s): J. E. Agolla  

July 2018

Pathways to the poor in Swaziland: What is the nature of micro insurance channels and distribution strategy?

When distribution is neglected, micro insurance fails. This considered, the objective of this study was twofold – to explore the nature of micro insurance distribution channels and to understand the distribution strategy of a commercial insurance company in Swaziland. Using interviews with the senior managers of a commercial insurer and its distribution partners, this study generated in-depth qualitative data on...

Author(s): M. Kanyangale and M. Lukhele  

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