Browsing by Author "Asamoah, David"

Now showing 1 - 3 of 3
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    Company share valuation: the cases of Atwima Kwanwoma Rural Bank Ltd. & Okomfo Anokye Rural Bank Ltd.
    (2005-11-03) Asamoah, David
    Pricing is a key factor in the sourcing of long-term funds. It is a very major aspect of the valuation of stock. Stock price is determined primarily by demand and supply. Individual stock prices generally rise and fall in concert with collective expectations for each firm’s profit. This study examines the various values and the corresponding prices per share of the two rural banks viz Atwima Kwanwoma Rural Bank and Okomfo Anokye Rural Bank using three methods or approaches of stock valuation. The various values obtained from different methods were weighted to arrive at the weighted market values of the banks. The banks’ goodwill were also determined. The overall market value of each bank was obtained from addition of the weighted market value and the goodwill. The major theories that constitute the framework for the study include the fundamentalist’s approach to stock valuation, the Discounted Cashflow valuation, Asset Based and Earning approaches to valuation. Others include the Profit Opportunity Approach, Bank Valuation, Market Comparables and Financial Statement Interpretation. It is hoped that the findings of the study shall be useful to Board of Directors and management of rural banks, researchers and the general public.
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    Enterprise Resource Planning (ERP) Implementation in a Sub-Saharan African Nation: An Empirical Test of Competing Models and Theories
    (May, 2014) Asamoah, David
    In this study, the researcher developed a modified research model to examine the antecedents and impact of extent of Enterprise Resource Planning (ERP) systems implementation on Process Management Capability, and its subsequent impact on firm performance. The existing model was extended by the addition of the following constructs: Ethical Factors, Data Culture, Organizational Integration, and Organizational Performance. In exploring ERP implementation in Ghana, a Sub-Saharan African (SSA) nation, two competing theories, the Institutional theory and the Panoptic theory, were tested using empirical data collected from a survey involving 115 respondents from organizations in Ghana that had implemented ERP systems. The data was analyzed using structural equation modeling-partial least squares. The findings indicate that the Panoptic theory explains the relationships between the constructs better and confirms the positive impact of higher extent of ERP implementation on process management capabilities. Theoretical implications of the study include (1) the emergence of the Panoptic theory as a strong predictor of ERP implementation in SSA (2) the mediating effect of the Ethical factors and Organizational Integration (3) the panoptic theory has more predictability and can be more easily generalized than institutional theory, allowing the research to have a more global impact beyond SSA and (4) Contextual factors such as industry type, employee size, and ERP type influence ERP implementations in SSA. Practical Implications are: (1) ERP systems create information visibility which checks the ethical behaviour of employees and causes them to behave in a socially responsible manner (2) Organizations can achieve greater organizational integration by increasing their extent of ERP implementation and (3) Governments and regulatory bodies must institute policies and protocols that encourage ERP adoption.
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    Enterprise Resource Planning (ERP) Implementation in a Sub-Saharan African Nation: An Empirical Test of Competing Models and Theories
    (2015-07-07) Asamoah, David
    In this study, the researcher developed a modified research model to examine the antecedents and impact of extent of Enterprise Resource Planning (ERP) systems implementation on Process Management Capability, and its subsequent impact on firm performance. The existing model was extended by the addition of the following constructs: Ethical Factors, Data Culture, Organizational Integration, and Organizational Performance. In exploring ERP implementation in Ghana, a Sub-Saharan African (SSA) nation, two competing theories, the Institutional theory and the Panoptic theory, were tested using empirical data collected from a survey involving 115 respondents from organizations in Ghana that had implemented ERP systems. The data was analyzed using structural equation modeling-partial least squares. The findings indicate that the Panoptic theory explains the relationships between the constructs better and confirms the positive impact of higher extent of ERP implementation on process management capabilities. Theoretical implications of the study include (1) the emergence of the Panoptic theory as a strong predictor of ERP implementation in SSA (2) the mediating effect of the Ethical factors and Organizational Integration (3) the panoptic theory has more predictability and can be more easily generalized than institutional theory, allowing the research to have a more global impact beyond SSA and (4) Contextual factors such as industry type, employee size, and ERP type influence ERP implementations in SSA. Practical Implications are: (1) ERP systems create information visibility which checks the ethical behaviour of employees and causes them to behave in a socially responsible manner (2) Organizations can achieve greater organizational integration by increasing their extent of ERP implementation and (3) Governments and regulatory bodies must institute policies and protocols that encourage ERP adoption.