Identifying and prioritizing factors of the formation of investment strategy in the Ghana’s downstream oil and gas industry

We present a new model to identify and prioritize factors affecting small and medium enterprises (SMEs) investment intentions by integrating existing models. Structured questionnaire is used to sample respondents from the Ghanaian SMEs between 2017 and 2018. Data analyses have been conducted using v...

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Autores principales: Michael Karikari Appiah, Bayu Taufiq Possumah, Nur Azura Sanusi
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Lenguaje:EN
Publicado: Taylor & Francis Group 2021
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Acceso en línea:https://doaj.org/article/dd657aaf00e7457ab60714d7efac8535
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spelling oai:doaj.org-article:dd657aaf00e7457ab60714d7efac85352021-12-02T17:55:33ZIdentifying and prioritizing factors of the formation of investment strategy in the Ghana’s downstream oil and gas industry2331-197510.1080/23311975.2021.1948795https://doaj.org/article/dd657aaf00e7457ab60714d7efac85352021-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2021.1948795https://doaj.org/toc/2331-1975We present a new model to identify and prioritize factors affecting small and medium enterprises (SMEs) investment intentions by integrating existing models. Structured questionnaire is used to sample respondents from the Ghanaian SMEs between 2017 and 2018. Data analyses have been conducted using variance-based Smart Partial Least Square (SmartPLS) technique. The major findings of the study are that macro environment factors, resource competitive strategies and oil and gas policy-specific factors are the significant determinants of SMEs investment intentions. Again, the study revealed that the resource competitive strategies significantly mediate the relationship between macro environment factors, industry force, oil and gas policy support and investment intentions. These results are robust and consistent with resource-based view, theory of constraint and theory of strategic positioning. Moreover, these results contribute new knowledge towards developing investment strategy for the downstream oil and gas industry. Besides, these findings have managerial implications needed by policy makers to renew commitment and provide the needed framework to investors to enhance indigenous participation in the industry.Michael Karikari AppiahBayu Taufiq PossumahNur Azura SanusiTaylor & Francis Grouparticleintegrated modelrbvtheory of constraintheory of strategic positioningghanaBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 8, Iss 1 (2021)
institution DOAJ
collection DOAJ
language EN
topic integrated model
rbv
theory of constrain
theory of strategic positioning
ghana
Business
HF5001-6182
Management. Industrial management
HD28-70
spellingShingle integrated model
rbv
theory of constrain
theory of strategic positioning
ghana
Business
HF5001-6182
Management. Industrial management
HD28-70
Michael Karikari Appiah
Bayu Taufiq Possumah
Nur Azura Sanusi
Identifying and prioritizing factors of the formation of investment strategy in the Ghana’s downstream oil and gas industry
description We present a new model to identify and prioritize factors affecting small and medium enterprises (SMEs) investment intentions by integrating existing models. Structured questionnaire is used to sample respondents from the Ghanaian SMEs between 2017 and 2018. Data analyses have been conducted using variance-based Smart Partial Least Square (SmartPLS) technique. The major findings of the study are that macro environment factors, resource competitive strategies and oil and gas policy-specific factors are the significant determinants of SMEs investment intentions. Again, the study revealed that the resource competitive strategies significantly mediate the relationship between macro environment factors, industry force, oil and gas policy support and investment intentions. These results are robust and consistent with resource-based view, theory of constraint and theory of strategic positioning. Moreover, these results contribute new knowledge towards developing investment strategy for the downstream oil and gas industry. Besides, these findings have managerial implications needed by policy makers to renew commitment and provide the needed framework to investors to enhance indigenous participation in the industry.
format article
author Michael Karikari Appiah
Bayu Taufiq Possumah
Nur Azura Sanusi
author_facet Michael Karikari Appiah
Bayu Taufiq Possumah
Nur Azura Sanusi
author_sort Michael Karikari Appiah
title Identifying and prioritizing factors of the formation of investment strategy in the Ghana’s downstream oil and gas industry
title_short Identifying and prioritizing factors of the formation of investment strategy in the Ghana’s downstream oil and gas industry
title_full Identifying and prioritizing factors of the formation of investment strategy in the Ghana’s downstream oil and gas industry
title_fullStr Identifying and prioritizing factors of the formation of investment strategy in the Ghana’s downstream oil and gas industry
title_full_unstemmed Identifying and prioritizing factors of the formation of investment strategy in the Ghana’s downstream oil and gas industry
title_sort identifying and prioritizing factors of the formation of investment strategy in the ghana’s downstream oil and gas industry
publisher Taylor & Francis Group
publishDate 2021
url https://doaj.org/article/dd657aaf00e7457ab60714d7efac8535
work_keys_str_mv AT michaelkarikariappiah identifyingandprioritizingfactorsoftheformationofinvestmentstrategyintheghanasdownstreamoilandgasindustry
AT bayutaufiqpossumah identifyingandprioritizingfactorsoftheformationofinvestmentstrategyintheghanasdownstreamoilandgasindustry
AT nurazurasanusi identifyingandprioritizingfactorsoftheformationofinvestmentstrategyintheghanasdownstreamoilandgasindustry
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