613
Views
5
CrossRef citations to date
0
Altmetric
Research Article

Seizing technological advancement; determinants of blockchain supply chain finance adoption in Ghanaian SMEs

ORCID Icon, ORCID Icon, ORCID Icon & ORCID Icon
Received 08 May 2022, Accepted 21 Dec 2022, Published online: 04 Jan 2023

References

  • Angelis, Jannis, and Elias Ribeiro da Silva. 2019. “Blockchain Adoption: A Value Driver Perspective.” Business Horizons 62 (3): 307–314. doi:10.1016/j.bushor.2018.12.001.
  • Asante Boakye, Elijah, Hongjiang Zhao, and Bright Nana Kwame Ahia. 2022. “Blockchain Technology Prospects in Transforming Ghana’s Economy: A Phenomenon-Based Approach.” Information Technology for Development, 1–30. doi:10.1080/02681102.2022.2073580.
  • Awa, Hart O, John P. Uko, and Ojiabo Ukoha. 2017. “An Empirical Study of Some Critical Adoption Factors of ERP Software.” International Journal of Human-Computer Interaction 33 (8): 609–622. doi:10.1080/10447318.2016.1265828.
  • Bhattacharya, Mithu, and Samuel Fosso Wamba. 2018. "A Conceptual Framework of RFID Adoption in Retail Using TOE Framework.” In Technology Adoption and Social Issues: Concepts, Methodologies, Tools, and Applications, edited by Mehdi Khosrow-Pour, 69–102. USA: IGI Global.
  • Brilliantova, Vlada, and Thomas Wolfgang Thurner. 2019. “Blockchain and the Future of Energy.” Technology in Society, doi:10.1016/j.techsoc.2018.11.001.
  • Bueno, Salvador, and M. Dolores Gallego. 2017. “Managing Top Management Support in Complex Information Systems Projects: An End-User Empirical Study.” Journal of Systems and Information Technology 19: 151–164. doi:10.1108/JSIT-06-2017-0043.
  • Casino, Fran, Thomas K. Dasaklis, and Constantinos Patsakis. 2019. “A Systematic Literature Review of Blockchain-Based Applications: Current Status, Classification, and Open Issues.” Telematics and Informatics 36 (November 2018): 55–81. doi:10.1016/j.tele.2018.11.006.
  • Chod, Jiri, Nikolaos Trichakis, Gerry Tsoukalas, Henry Aspegren, and Mark Weber. 2018. “Blockchain and the Value of Operational Transparency for Supply Chain Finance.” SSRN Electronic Journal, doi:10.2139/ssrn.3078945.
  • Choi, Tsan Ming. 2020. “Supply Chain Financing Using Blockchain: Impacts on Supply Chains Selling Fashionable Products.” Annals of Operations Research, doi:10.1007/s10479-020-03615-7.
  • Choi, Tsan-Ming, and Yanyan He. 2019. “Peer-to-Peer Collaborative Consumption for Fashion Products in the Sharing Economy: Platform Operations.” Transportation Research Part E: Logistics and Transportation Review 126: 49–65. doi:10.1016/j.tre.2019.03.016.
  • Clohessy, Trevor, Thomas Acton, and Nichola Rogers. 2019. “Blockchain Adoption: Technological, Organisational and Environmental Considerations.” In BT - Business Transformation through Blockchain: Volume I, edited by Horst Treiblmaier, and Roman Beck, 47–76. Cham: Springer International Publishing.
  • Coffie, Cephas Paa Kwasi, and Hongjiang Zhao. 2021. “Semi-Systematic Review of the Perceived Cost of Mobile Payment in Sub-Saharan Africa.” Perspectives on Global Development and Technology 20 (3): 205–224. doi:10.1163/15691497-12341592.
  • Davidson, Sinclair, Primavera De Filippi, and Jason Potts. 2016. “Economics of Blockchain.” SSRN Electronic Journal, 1–23. doi:10.2139/ssrn.2744751.
  • Du, Mingxiao, Qijun Chen, Jie Xiao, Houhao Yang, and Xiaofeng Ma. 2020. “Supply Chain Finance Innovation Using Blockchain.” IEEE Transactions on Engineering Management PP 4: 1045–1058. doi:10.1109/TEM.2020.2971858.
  • Gao, Guang-Xin Xin, Zhi-Ping Ping Fan, Xin Fang, and Yun Fong Lim. 2018. “Optimal Stackelberg Strategies for Financing a Supply Chain through Online Peer-to-Peer Lending.” European Journal of Operational Research 267 (2): 585–597. doi:10.1016/j.ejor.2017.12.006.
  • Hair Jr, Joseph F, G Tomas M Hult, Christian M Ringle, and Marko Sarstedt. 2021. A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). South Alabama: Sage publications.
  • Hair Jr, Joe F, Marko Sarstedt, Lucas Hopkins, and Volker G Kuppelwieser. 2014. “Partial Least Squares Structural Equation Modeling (PLS-SEM): An Emerging Tool in Business Research.” European Business Review 26: 106–121. doi:10.1108/EBR-10-2013-0128.
  • Henseler, Jörg, Christian M. Ringle, and Marko Sarstedt. 2015. “A New Criterion for Assessing Discriminant Validity in Variance-Based Structural Equation Modeling.” Journal of the Academy of Marketing Science 43 (1): 115–135. doi:10.1007/s11747-014-0403-8.
  • Hew, Teck-Soon, and Sharifah Latifah Syed Abdul Kadir. 2016. “Predicting the Acceptance of Cloud-Based Virtual Learning Environment: The Roles of Self Determination and Channel Expansion Theory.” Telematics and Informatics 33 (4): 990–1013. doi:10.1016/j.tele.2016.01.004.
  • Hew, Jun-Jie, Lai-Ying Leong, Garry Wei-Han Tan, Voon-Hsien Lee, and Keng-Boon Ooi. 2018. “Mobile Social Tourism Shopping: A Dual-Stage Analysis of a Multi-Mediation Model.” Tourism Management 66: 121–139. doi:10.1016/j.tourman.2017.10.005.
  • Kamble, Sachin, Angappa Gunasekaran, and Himanshu Arha. 2019. “Understanding the Blockchain Technology Adoption in Supply Chains-Indian Context.” International Journal of Production Research 57 (7): 2009–2033. doi:10.1080/00207543.2018.1518610.
  • Kamble, Sachin S., Angappa Gunasekaran, Vikas Kumar, Amine Belhadi, and Cyril Foropon. 2021. “A Machine Learning Based Approach for Predicting Blockchain Adoption in Supply Chain.” Technological Forecasting and Social Change, doi:10.1016/j.techfore.2020.120465.
  • Kapoor, Rahul, and Nathan R Furr. 2015. “Complementarities and Competition: Unpacking the Drivers of Entrants’ Technology Choices in the Solar Photovoltaic Industry.” Strategic Management Journal 36 (3): 416–436. doi:10.1002/smj.2223.
  • Kshetri, Nir. 2018. “Blockchain’s Roles in Meeting Key Supply Chain Management Objectives.” International Journal of Information Management 39 (December 2017): 80–89. doi:10.1016/j.ijinfomgt.2017.12.005.
  • Margherita, Alessandro, Mina Nasiri, and Thanos Papadopoulos. 2021. “The Application of Digital Technologies in Company Responses to COVID-19: An Integrative Framework.” Technology Analysis & Strategic Management October: 1–14. doi:10.1080/09537325.2021.1990255.
  • Molloy, Geoffrey N, Stantjie Genot, Lisa Ciechomski, and Danny Bryant. 2001. “SPSS Survival Manual: A Step by Step Guide to Data Analysis Using SPSSJulie F. Pallant (2001). Allen & Unwin. 304 Pp. 88.70 (Hardcover).” Behaviour Change 18 (1): 58–62. doi:10.1375/bech.18.1.58.
  • Mougayar, William. 2016. The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology. Toronto, Canada: John Wiley & Sons.
  • Mousavizadeh, Mohammadreza, Sherry Ryan, Gina Harden, and John Windsor. 2015. “Knowledge Management and the Creation of Business Value.” Journal of Computer Information Systems 55 (4): 35–45. doi:10.1080/08874417.2015.11645785.
  • Ooi, Keng-Boon, Voon-Hsien Lee, Garry Wei-Han Tan, Teck-Soon Hew, and Jun-Jie Hew. 2018. “Cloud Computing in Manufacturing: The Next Industrial Revolution in Malaysia?” Expert Systems with Applications 93: 376–394. doi:10.1016/j.eswa.2017.10.009.
  • Orji, Ifeyinwa Juliet, Simonov Kusi-Sarpong, Shuangfa Huang, and Diego Vazquez-Brust. 2020. “Evaluating the Factors That Influence Blockchain Adoption in the Freight Logistics Industry.” Transportation Research Part E: Logistics and Transportation Review 141 (June 2019): 102025. doi:10.1016/j.tre.2020.102025.
  • Ramdani, Boumediene, Delroy Chevers, and Densil A. Williams. 2013. “SMEs’ Adoption of Enterprise Applications.” Journal of Small Business and Enterprise Development 20 (4): 735–753. doi:10.1108/JSBED-12-2011-0035.
  • Sekaran, Uma;, and Roger. Bougie. 2003. “Research Methods for Business 5th Ed : A Skill Building Approach.” Journal of Education Business 68 (5): 316–317. doi:10.1016/0024-6301(93)90168-f.
  • Shi, Ping, and Bo Yan. 2016. “Factors Affecting RFID Adoption in the Agricultural Product Distribution Industry: Empirical Evidence from China.” SpringerPlus 5 (1): 1–11. doi:10.1186/s40064-016-3708-x.
  • Slade, Emma L, Yogesh K Dwivedi, Niall C Piercy, and Michael D Williams. 2015. “Modeling Consumers’ Adoption Intentions of Remote Mobile Payments in the United Kingdom: Extending UTAUT with Innovativeness, Risk, and Trust.” Psychology & Marketing 32 (8): 860–873. doi:10.1002/mar.20823.
  • Ta, Ha, Terry L. Esper, Kenneth Ford, and Sebastian Garcia-Dastuge. 2018. “Trustworthiness Change and Relationship Continuity after Contract Breach in Financial Supply Chains.” Journal of Supply Chain Management 54 (4): 42–61. doi:10.1111/jscm.12180.
  • Tashkandi, AlAlaa N, and Ibrahim M Al-Jabri. 2015. “Cloud Computing Adoption by Higher Education Institutions in Saudi Arabia: An Exploratory Study.” Cluster Computing 18 (4): 1527–1537. doi:10.1007/s10586-015-0490-4.
  • Templar, Simon, Erik Hofmann, and Charles Findlay. 2020. Financing the End-to-End Supply Chain: A Reference Guide to Supply Chain Finance. Bedfordshire, UK: Kogan Page Publishers.
  • Teo, Thompson S H, Shirish C Srivastava, and L. I. Jiang. 2008. “Trust and Electronic Government Success: An Empirical Study.” Journal of Management Information Systems 25 (3): 99–132. doi:10.2753/MIS0742-1222250303.
  • Teo, Aik-Chuan, Garry Wei-Han Tan, Keng-Boon Ooi, Teck-Soon Hew, and King-Tak Yew. 2015. “The Effects of Convenience and Speed in M-Payment.” Industrial Management & Data Systems 115: 311–331. doi:10.1108/IMDS-08-2014-0231.
  • Tob-Ogu, A., Niraj S Kumar, and J. Cullen. 2017. “ICT Adoption in Road Freight Transport in Nigeria - A Case Study of the Petroleum Downstream Sector.” Technological Forecasting and Social Change 131: 240–252. doi:10.1016/j.techfore.2017.09.021.
  • Tornatzky, Louis G, Mitchell Fleischer, and Alok K Chakrabarti. 1990. Processes of Technological Innovation. Washington DC: Lexington books.
  • Wang, Xinhui, Hongmei Guo, Renxiu Yan, and Xianyu Wang. 2018. “Achieving Optimal Performance of Supply Chain under Cost Information Asymmetry.” Applied Mathematical Modelling 53: 523–539. doi:10.1016/j.apm.2017.09.002.
  • Wang, Yi-Shun, Hsien-Ta Li, Ci-Rong Li, and Ding-Zhong Zhang. 2016. “Factors Affecting Hotels’ Adoption of Mobile Reservation Systems: A Technology-Organization-Environment Framework.” Tourism Management 53: 163–172. doi:10.1016/j.tourman.2015.09.021.
  • Wang, Rui, Zhangxi Lin, and Hang Luo. 2019. “Blockchain, Bank Credit and SME Financing.” Quality and Quantity, doi:10.1007/s11135-018-0806-6.
  • WEF. 2018. “Fourth Industrial Revolution for the Earth Series Building Block(Chain)s for a Better Planet.” Weforum.Org, no. September: 36.
  • The World Bank Group. 2019. “Ghana Digital Economy Diagnostic.” Ghana Digital Economy Diagnostic, doi:10.1596/34366.
  • Wu, Ting, Beibei Chen, Yixuan Shao, and Hongxu Lu. 2021. “Enable Digital Transformation: Entrepreneurial Leadership, Ambidextrous Learning, and Organisational Performance.” Technology Analysis & Strategic Management 33 (12): 1389–1403. doi:10.1080/09537325.2021.1876220.
  • Wuttke, David A, Constantin Blome, Kai Foerstl, and Michael Henke. 2013. “Managing the Innovation Adoption of Supply Chain Finance—Empirical Evidence From Six European Case Studies.” Journal of Business Logistics 34 (2): 148–166. doi:10.1111/jbl.12016.
  • Yang, Heetae, Hwansoo Lee, and Hangjung Zo. 2017. “User Acceptance of Smart Home Services: An Extension of the Theory of Planned Behavior.” Industrial Management & Data Systems 117: 68–69. doi:10.1108/IMDS-01-2016-0017.
  • Ying, Wenchi, Suling Jia, and Wenyu Du. 2018. “Digital Enablement of Blockchain: Evidence from HNA Group.” International Journal of Information Management 39 (December 2017): 1–4. doi:10.1016/j.ijinfomgt.2017.10.004.
  • Zachariadis, Markos, Garrick Hileman, and Susan V. Scott. 2019. “Governance and Control in Distributed Ledgers: Understanding the Challenges Facing Blockchain Technology in Financial Services.” Information and Organization 29 (2): 105–117. doi:10.1016/j.infoandorg.2019.03.001.
  • Zheng, Zibin, Shaoan Xie, Hong-Ning Dai, Xiangping Chen, and Huaimin Wang. 2018. “Blockchain Challenges and Opportunities: A Survey.” International Journal of Web and Grid Services 14 (4): 352–375. doi:10.1504/IJWGS.2018.095647.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.