Supply Chain Integration, Interfirm Value Co-Creation and Firm Performance Nexus in Ghanaian SMEs: Mediating Roles of Stakeholder Pressure and Innovation Capability

Hongyun Tian, Samuel Kofi Otchere, Cephas P. K. Coffie, Isaac Adjei Mensah and Raphael Kwame Baku
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Hongyun Tian: School of Management, Jiangsu University, 301 Xuefu Road, Zhenjiang 212013, China
Samuel Kofi Otchere: School of Management, Jiangsu University, 301 Xuefu Road, Zhenjiang 212013, China
Cephas P. K. Coffie: School of Management and Economics, University of Electronic Science and Technology of China, Chengdu 611731, China
Isaac Adjei Mensah: Institute of Applied System Analysis (IASA), School of Mathematics, Jiangsu University, Zhenjiang 212013, China
Raphael Kwame Baku: School of Economics and Finance, Jiangsu University, 301 Xuefu Road, Zhenjiang 212013, China

Sustainability, 2021, vol. 13, issue 4, 1-18

Abstract: Strategic decisions like supply chain integration and interfirm value co-creation are significant to SMEs’ performance. Therefore, this paper aims to find out the relationships between supply chain integration, interfirm value co-creation, and firm performance in Ghanaian SMEs. We employed a structural equation model (SEM) to estimate the responses of 473 SMEs registered with the Association of Ghanaian Industries (AGI) to find the nexus between supply chain integration, interfirm value co-creation, and the performance of Ghanaian SMEs. Further, we test for the mediating role of innovation capability and stakeholder pressure in the relationships between supply chain integration and firm performance and the relationship between supply chain integration and interfirm value co-creation, respectively. We found a positive significant relationship between the variables. Innovation capability mediates the positive relationship between supply chain integration and firm performance. Interfirm value co-creation has a negative relationship with the innovation capabilities of SMEs. Therefore, Ghanaian SMEs can invest in technologies, which promote collaborations with external parties to create value while minimizing cost.

Keywords: supply chain integration; interfirm value co-creation; stakeholder pressure; innovation capability; SMEs; firm performance (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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