Evaluating the Relationship between Stakeholder Pressure and Innovation in Ghanaian SMEs: Moderating Role of Firm Size
Samuel Kofi Otchere, Hongyun Tian, Cephas Paa Kwasi Coffie
Journal of Economics, Management and Trade · pp. 13–27 · Published 31 Aug 2021
10.9734/jemt/2021/v27i730353Abstract
The study examines the relationship between stakeholder pressure and innovation (Technological and non-technological) in Ghanaian SMEs. Further, it explores the moderating role of firm size in this relationship. This is in response to the ongoing debate on the role of innovation in the performance and survival of small businesses in Ghana. Using the survey response of 523 registered SMEs, the SmartPLS model estimate reveals that; stakeholder pressure influences both technological and non-technological innovation in Ghanaian SMEs. Further, the size of the SMEs has no significant moderation in the positive relationship between stakeholder pressure and innovation in Ghana. Consequently, SMEs in Ghana can take advantage of the pressure from internal and external stakeholders to innovate for sustainable growth. Again, the government should provide avenues for innovative collaborations between universities, government agencies, and SMEs. Finally, studies should focus on inexpensive innovation channels capable of transforming the SME industry of Ghana.
Cited by 4
Eric Ohemeng Sarpong, Shao Yunfei, Cephas Paa Kwasi Coffie · Sage Open · 2024
Frank Nana Kweku Otoo, Prince Nti Adjei Junior, George Aboagye Agyeman · African Journal of Economic and Management Studies · 2025
Wisdom Wise Kwabla Pomegbe, Courage Simon Kofi Dogbe, Bylon Abeeku Bamfo · Business and Society Review · 2022
Ouidad Yousfi · Creativity and Innovation Management · 2024
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