Corporate social responsibility and access to finance among Ghanaian SMEs: The role of stakeholder engagement

This paper investigates whether stakeholder engagement mediates the relationship between corporate social responsibility and access to external finance. The study relied on primary data ascertained from 423 SMEs operating within the Accra Metropolis of Ghana. The data were analyzed using partial lea...

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Autor principal:	Abraham Ansong
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2017
Materias:	corporate social responsibility access to finance stakeholder engagement capital constraints financial resources smes Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/63b127e1ea494e4bbc26b6a62f7c9b2c
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id	oai:doaj.org-article:63b127e1ea494e4bbc26b6a62f7c9b2c
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spelling	oai:doaj.org-article:63b127e1ea494e4bbc26b6a62f7c9b2c2021-12-02T14:35:47ZCorporate social responsibility and access to finance among Ghanaian SMEs: The role of stakeholder engagement2331-197510.1080/23311975.2017.1385165https://doaj.org/article/63b127e1ea494e4bbc26b6a62f7c9b2c2017-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2017.1385165https://doaj.org/toc/2331-1975This paper investigates whether stakeholder engagement mediates the relationship between corporate social responsibility and access to external finance. The study relied on primary data ascertained from 423 SMEs operating within the Accra Metropolis of Ghana. The data were analyzed using partial least-squares estimation technique. The study revealed the mechanism through which CSR initiatives assist firms to access external finances. It was established that firms that engage more with their stakeholders are better positioned to access financial resources from external sources. Hence, it was recommended that SME managers should involve their stakeholders in the design of their CSR programs. The paper contributes to our knowledge of the CSR literature by showing how CSR initiatives influence firms’ access to finance among SMEs in developing economies.Abraham AnsongTaylor & Francis Grouparticlecorporate social responsibilityaccess to financestakeholder engagementcapital constraintsfinancial resourcessmesBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 4, Iss 1 (2017)
institution	DOAJ
collection	DOAJ
language	EN
topic	corporate social responsibility access to finance stakeholder engagement capital constraints financial resources smes Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	corporate social responsibility access to finance stakeholder engagement capital constraints financial resources smes Business HF5001-6182 Management. Industrial management HD28-70 Abraham Ansong Corporate social responsibility and access to finance among Ghanaian SMEs: The role of stakeholder engagement
description	This paper investigates whether stakeholder engagement mediates the relationship between corporate social responsibility and access to external finance. The study relied on primary data ascertained from 423 SMEs operating within the Accra Metropolis of Ghana. The data were analyzed using partial least-squares estimation technique. The study revealed the mechanism through which CSR initiatives assist firms to access external finances. It was established that firms that engage more with their stakeholders are better positioned to access financial resources from external sources. Hence, it was recommended that SME managers should involve their stakeholders in the design of their CSR programs. The paper contributes to our knowledge of the CSR literature by showing how CSR initiatives influence firms’ access to finance among SMEs in developing economies.
format	article
author	Abraham Ansong
author_facet	Abraham Ansong
author_sort	Abraham Ansong
title	Corporate social responsibility and access to finance among Ghanaian SMEs: The role of stakeholder engagement
title_short	Corporate social responsibility and access to finance among Ghanaian SMEs: The role of stakeholder engagement
title_full	Corporate social responsibility and access to finance among Ghanaian SMEs: The role of stakeholder engagement
title_fullStr	Corporate social responsibility and access to finance among Ghanaian SMEs: The role of stakeholder engagement
title_full_unstemmed	Corporate social responsibility and access to finance among Ghanaian SMEs: The role of stakeholder engagement
title_sort	corporate social responsibility and access to finance among ghanaian smes: the role of stakeholder engagement
publisher	Taylor & Francis Group
publishDate	2017
url	https://doaj.org/article/63b127e1ea494e4bbc26b6a62f7c9b2c
work_keys_str_mv	AT abrahamansong corporatesocialresponsibilityandaccesstofinanceamongghanaiansmestheroleofstakeholderengagement
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Corporate social responsibility and access to finance among Ghanaian SMEs: The role of stakeholder engagement

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