Contributions of Financial Resource Availability on Green Supply Chain Management and Firm Environmental Performance in Manufacturing Firms: Evidence from Kumasi Metropolis, Ghana
DOI:
https://doi.org/10.47941/ijscl.1507Keywords:
Financial Resource Availability, Green Supply Chain, Management Environmental Performance.Abstract
Purpose: The notion of sustainability has attracted many researchers and practitioners' attention across the world. In a world where there is an increasing interest in protecting the environment, practitioners are encouraged to adopt sustainability and be environmentally conscious. In pursuit of this initiative, this study seeks to assess the extent to which manufacturing firms in Kumasi practice Green Supply Chain Management and whether the availability of financial resources plays a contingency role in the relationship between green supply chain management and firm environmental performance.
Methodology: The study relies on a quantitative research approach using a survey design. Data analysis was done using descriptive and inferential statistics with the aid of SPSS software.
Findings: The study concludes that financial resource availability moderates the relationship between green supply chain management and firm environmental performance. Therefore, an increase in financial resource availability has an influence on green supply chain management and firm environmental performance.
Unique contribution to theory, practice and policy: The study recommends contemporary innovative ways to improve upon green supply chain practices as they affect how the organization performs environmentally.
Downloads
References
Abdallah, A. B., & Al-Ghwayeen, W. S. (2020). Green supply chain management and business performance: The mediating roles of environmental and operational performances. Business Process Management Journal, 26(2), 489-512.
Abdallah, A. B., & Al-Ghwayeen, W. S. (2020). Green supply chain management and business performance: The mediating roles of environmental and operational performances. Business Process Management Journal, 26(2), 489-512.
Adomako,S., & Ashan, M. (2022). Entrepreneurial passion and SMEs' performance: Moderating effects of financial resource availability and resource flexibility. Journal of Business Research 144, 122-135.
Allen, M. M., Allen, M. L., Saqib, S. I., & Liu, J. (2021). State-permeated capitalism and the solar PV industry in China and India. New political economy, 26(4), 527-539.
Baney, D. M. (1991). Extending measurement domains with interferometry; new techniques check FM power spectrum and swept deviation response in 1.5-(micron) diode lasers. Lasers & Optronics, 10(5), 49-53.
Bartlett, I. I. (2001). Bartlett II JE, Kotrlik JW, Higgins CC. Organizational research: determining appropriate sample size in survey research, Inf. Technol. Learn. Perform, 19(1), 43-50.
Chen, J., & Zhu, Z. (2017). Financial resource availability and entrepreneurial opportunity identification. Journal of Business Research ,75, 104-113.
De Vera, M. A., Ratzlaff, C., Doerfling, P., & Kopec, J. (2010). Reliability and validity of an internet-based questionnaire measuring lifetime physical activity. American journal of epidemiology, 172(10), 1190-1198.
Doerfling, P., Kopec, J. A., Liang, M. H., & Esdaile, J. M. (2010). The effect of cash lottery on response rates to an online health survey among members of the Canadian Association of Retired Persons: a randomized experiment. Canadian Journal of Public Health, 101, 251-254.
Hart, S.L. (1995), "A natural-resource-based view of the firm", The Academy of Management Review, Vol. 20 No. 4, pp. 986-1014.
Hendricks, K. B., & Singhal, V. R. (2005). An empirical analysis of the effect of supply chain disruptions on long"run stock price performance and equity risk of the firm. Production and Operations management, 14(1), 35-52.
Hoskisson, R. E., Wan, W. P., Yiu, D., & Hitt, M. A. (1999). Theory and research in strategic management: Swings of a pendulum. Journal of management, 25(3), 417-456.
Junaid, M., Zhang, Q., & Syed, M. W. (2022). Effects of sustainable supply chain integration on green innovation and firm performance. Sustainable Production and Consumption, 30, 145-157.
Khan, N. U., Anwar, M., Li, S., & Khattak, M. S. (2021). Intellectual capital, financial resources, and green supply chain management as predictors of financial and environmental performance. Environmental science and pollution research, 28, 19755-19767.
Kianto, A., Sáenz, J., & Aramburu, N. (2017). Knowledge-based human resource management practices, intellectual capital and innovation. Journal of Business Research, 81, 11-20.
Kumar, M. N. N., & Kavitha, S (2022). GREENS ENTREPRENEURSHIP: THE SURGING PARADIGM FOR SUSTAINABLE IMPROVEMENT AND EXPANSION IN INDIA A STUDY OF THE MILLENNIALS.
Liu, M., Cheng, S. Z., Xu, K. W., Yang, Y., Zhu, Q. T., Zhang, H., ... & Xiao, H. P. (2020). Use of personal protective equipment against coronavirus disease 2019 by healthcare professionals in Wuhan, China: cross sectional study. Bmj, 369.
Mol, M. J., & Birkinshaw, J. (2009). The sources of management innovation: When firms introduce new management practices. Journal of business research, 62(12), 1269-1280.
Ngulube, P. (2000). Professionalism and ethics in records management in the public sector in Zimbabwe. Records Management Journal, 10(3), 161-173.
Rehman, S. U., Bresciani, S., Yahiaoui, D., & Giacosa, E. (2022). Environmental sustainability orientation and corporate social responsibility influence on environmental performance of small and medium enterprises: The mediating effect of green capability. Corporate Social Responsibility and Environmental Management, 29(6), 1954-1967.
Sahoo, S., & Vijayvargy, L. (2021). Green supply chain management practices and its impact on organizational performance: evidence from Indian manufacturers. Journal of Manufacturing Technology Management, 32(4), 862-886.
Sammut, R., Griscti, O., & Norman, I. J. (2021). Strategies to improve response rates to web surveys: a literature review. International Journal of Nursing Studies, 123, 104058.
Sanjay, M. R., Siengchin, S., Parameswaranpillai, J., Jawaid, M., Pruncu, C. I., & Khan, A. (2019). A comprehensive review of techniques for natural fibers as reinforcement in composites: Preparation, processing and characterization. Carbohydrate polymers, 207, 108-121.
Sarkis, J. (2007). "Greening the supply chain." In Springer, London.
Vidal, N. G., Spetic, W., Croom, S., & Marshall, D. (2023). Supply chain stakeholder pressure for the adoption of sustainable supply chain practices: Examining the roles of entrepreneurial and sustainability orientations. Supply Chain Management: An International Journal, 28(3), 598-618.
Zhu, Q., J. Sarkis, and H. Lai. (2018). "Institutional-and structural-based antecedents of green supply chain management practices and performance." International Journal of Production Economics 198: 221-231.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Kwame Owusu Sarpong , Michael Oppong
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.