Social capital and firm performance nexus: The role of new product development capability and environmental dynamism in an emerging economy

IF 1.2 Q4 MANAGEMENT

Africa Journal of Management Pub Date : 2022-08-30 DOI:10.1080/23322373.2022.2106920

Patrick Akanpaaba, Ahmed Agyapong, Henry Kofi Mensah, S. Akomea

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引用次数: 1

Abstract

ABSTRACT This paper seeks to examine the argument that the social capital and market performance link is more pronounced when it is channelled through the new product development capability of the firm. The study further argues that the indirect effect of social capital on market performance, via new product development capability, is conditional upon levels of environmental dynamism. We tested the hypotheses using data from 313 managers and owners of small and medium-sized enterprises (SMEs) in Ghana. We analyzed the data using the conditional PROCESS analysis software, in SPSS 23.0, and structural equation modelling (SEM). We found that new product development capability partially mediates the relationship between social capital and market performance. The study further discovered that the indirect relationship between social capital and market performance is significantly enhanced at higher levels of environmental dynamism. This study's finding will help managers of SMEs understand the need to invest in building their social capital resource and the complementary new product development skills needed to improve firm performance.

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社会资本与企业绩效关系:新产品开发能力与环境动力在新兴经济体中的作用

摘要本文试图检验这样一种论点，即当社会资本与市场绩效之间的联系通过企业的新产品开发能力来引导时，这种联系更加明显。该研究进一步认为，社会资本通过新产品开发能力对市场表现的间接影响取决于环境活力的水平。我们使用来自加纳313家中小企业（SME）的管理者和所有者的数据来检验这些假设。我们使用SPSS 23.0中的条件PROCESS分析软件和结构方程建模（SEM）对数据进行了分析。我们发现，新产品开发能力在一定程度上调节了社会资本与市场绩效之间的关系。研究进一步发现，社会资本与市场绩效之间的间接关系在更高水平的环境活力下显著增强。这项研究的发现将有助于中小企业的管理者理解投资建设社会资本资源的必要性，以及提高企业绩效所需的互补新产品开发技能。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Africa Journal of Management Business, Management and Accounting-Business and International Management

CiteScore

2.80

自引率

15.40%

发文量

期刊介绍： The beginning of the Twenty First Century has witnessed Africa’s rise and progress as one of the fastest growing and most promising regions of the world. At the same time, serious challenges remain. To sustain and speed up momentum, avoid reversal, and deal effectively with emerging challenges and opportunities, Africa needs better management scholarship, education and practice. The purpose of the Africa Journal of Management (AJOM) is to advance management theory, research, education, practice and service in Africa by promoting the production and dissemination of high quality and relevant manuscripts. AJOM is committed to publishing original, rigorous, scholarly empirical and theoretical research papers, which demonstrate clear understanding of the management literature and draw on Africa’s local indigenous knowledge, wisdom and current realities. As the first scholarly journal of the Africa Academy of Management (AFAM), AJOM gives voice to all those who are committed to advancing management scholarship, education and practice in or about Africa, for the benefit of all of Africa. AJOM welcomes manuscripts that develop, test, replicate or validate management theories, tools and methods with Africa as the starting point. The journal is open to a wide range of quality, evidence-based methodological approaches and methods that “link” “Western” management theories with Africa’s indigenous knowledge systems, methods and practice. We are particularly interested in manuscripts which address Africa’s most important development needs, challenges and opportunities as well as the big management questions of the day. We are interested in research papers which address issues of ethical conduct in different African settings.