The role of mobile money adoption in moderating the influence of access to finance on firm performance

Njinyah, Sam ORCID: https://orcid.org/0000-0002-7746-9750, Asongu, Simplice and Jones, Sally ORCID: https://orcid.org/0000-0002-4760-5969 (2023) The role of mobile money adoption in moderating the influence of access to finance on firm performance. Journal of Science and Technology Policy Management. ISSN 2053-4620

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Official URL: https://doi.org/10.1108/JSTPM-07-2022-0114

Abstract

Purpose Africa is becoming the fastest-growing continent despite significant challenges to accessing finance and the use of technology. This paper aims to examine the direct effect of mobile money adoption on firm performance and its moderation effect by examining how it moderates the effect of access to finance on firm performance. Design/methodology/approach Quantitative data were obtained from the World Bank Enterprise Survey for Cameroon, Ivory Coast and Zimbabwe. A series of hierarchical regression analyses were done to test the hypotheses. Findings The main findings show a negative significant relationship between mobile money adoption and firm performance, while access to finance had a positive relationship. The moderation effect though positive was not significant. Research examining the effect of mobile money adoption in Africa on firm performance is limited, and existing studies have focused on the determinants of mobile money usage. By examining the direct and contingency effect on other determinants of firm performance, this research makes both theoretical and practical contributions. Theoretically, this research shows that not all strategic resources are valuable in improving firm performance. Practically, this research provides insights into how technology could be embedded into business processes for firms to benefit from such technology. Originality/value This research has complemented by the extant literature by assessing the role of mobile money adoption in moderating the influence of access to finance on firm performance.

Item Type:	Article
Peer-reviewed:	Yes
Date Deposited:	13 Jul 2023 13:02
Publisher:	Emerald
Additional Information:	This is an Accepted Manuscript of an article which appears in Journal of Science and Technology Policy Management, published by Emerald. This author accepted manuscript is deposited under a Creative Commons Attribution Non-commercial 4.0 International (CC BY-NC) licence. This means that anyone may distribute, adapt, and build upon the work for non-commercial purposes, subject to full attribution. If you wish to use this manuscript for commercial purposes, please visit https://marketplace.copyright.com/rs-ui-web/mp
Divisions:	Faculties > Business and Law
Subject terms:	1402 Applied Economics, 1605 Policy and Administration
Data Access Statement:	The data for this paper is available upon request.
URI:	https://e-space.mmu.ac.uk/id/eprint/632288
DOI:	https://doi.org/10.1108/JSTPM-07-2022-0114
ISSN	2053-4620

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