Globalization vs. localization: global food challenges and local solutions

The objective of this study was to examine the effect of global–local interactions on food production and consumption in Ghana, and identify possible local solutions. Primary data were collected using a combination of quantitative‐qualitative methods, which included focus group discussions and one‐on‐one interviews. Approximately 450 household heads were randomly selected and interviewed between August 2007 and August 2008 in Eastern, Central, Upper East and Northern Regions of Ghana. Findings revealed increasing consumption of foreign rice as opposed to decreasing consumption of local rice and other staples like millet, sorghum and yam because of global–local interactions. However, opportunities exist to re‐localize production‐consumption patterns through the use of ‘glocal foods’ like improved ‘koose and waakye’. Referencing the situation in Ghana, the study recommends improved production and processing practices backed with appropriate technologies that reflect changing consumption dynamics in order to take full advantage of opportunities created as a result of global–local interactions.     

A socio‐economic assessment of cowpea diversity on the Ghanaian market: implications for breeding

Given the importance of cowpea [Vignaunguiculata(L)Walp] in fighting malnutrition and poverty, a socio‐economic assessment of cowpea diversity found on the Ghanaian market was conducted. The objective was to investigate emerging consumer preference for cowpea and make recommendations for the development of tailor‐made varieties. Forty‐seven cowpea accessions were collected from traders interviewed for morphological characterization to ascertain the degree of diversity. Data was subjected to Hierarchical Cluster Analysis using Genstat Discovery Edition 3 software and variations among the cowpea varieties based on the selected seed traits established. Cowpea varieties found on the markets were broadly categorized into foreign and local varieties and usually named after their sources. Foreign Cowpea varieties were very popular on the markets surveyed as reflected in the per cent distribution of respondents by cowpea varieties sold; Niger (52%), Burkina Faso (50%), Togo (46%), Lagos (36%) and Ghana (18–21%). At the trader level, the order of preference for cowpea characteristics was cleanliness (stone free and no dirt), colour (white seed colour), easy to cook, taste, size, less weevil damage, dryness and place of origin ranked in decreasing order of importance. At the consumer level, cleanliness that was also tied to the extent of weevil damage was ranked most important. This was followed by seed colour (preferable white), short cooking time, size and taste. From the sociological perspective, concerns are raised on the impact of past cowpea breeding activities giving the level of competitiveness and market performance of locally improved varieties observed. Recommendation is made for traders and consumers to be considered as relevant actors in all the stages of crop improvement and breeding activities. This is crucial for enhanced small‐holder farmer market access and strengthened food networks in rural economies.     

Do Shareholders Fight for Firm Value or Market Value in Emerging Markets? The Mediating Effect of Board Structure Dynamics on Dividend Policy Decision

The paper examines the mediating effect of board structure dynamics on the relationship between dividend payout and shareholders’ wealth at the firm level and market level. Panel regression models are used by applying data from 27 listed firms in Ghana between 2010 and 2017. We find that board structure dynamics have a direct effect on shareholders’ wealth at both levels. However, the results reveal new evidence that board structure dynamics play a mediating role on the relationship between dividend policy decision and shareholders’ wealth only at the market level. We find that independent directors and CEO duality significantly reduce market value of shareholders through dividend payout decision. However, independent directors and longer CEO tenure in office mediate a positive effect on the relationship between dividend policy and shareholders’ wealth at the market level. Thus, the mediating effect of board structure dynamics, particularly independent directors and CEO tenure, are important in predicting a positive relationship between dividend policy and shareholders’ wealth at the market level than at the firm level. Therefore, regulatory bodies and investors should provide strong board structure dynamics that serve as a mediating mechanism for prudent dividend policy decisions that add value to shareholders’ wealth.     

The extent of marketability and consumer preferences for traditional leafy vegetables – a case study at selected markets in Ghana

This paper reports on a survey conducted at two major marketing centres in Ghana; Tamale in the dry savannah zone and Kumasi in the forest zone. One hundred traders were interviewed using a semi‐structured questionnaire and focus groups discussions held on traders’ perceptions and consumer preferences, relative importance and indigenous nutritional knowledge of traditional leafy vegetables (TLVs). The survey established that, with the exception of Xanthosoma mafafa (cocoyam leaves), inter‐market distribution of TLVs is limited because of their perishable nature, narrow utilization base and lack of storage techniques. Socio‐culturally related factors limiting the distribution of TLVs include regional diversity and ethnic differences in the dietary patterns of the Ghanaian populace, inadequate knowledge about the methods of preparations as well as nutritional and medicinal values of TLVs. The most preferred TLVs as reflected in the consumers’ buying behaviour and traders’ perceptions are Xanthosoma mafafa (cocoyam leaves), Corchorus spp.(Ayoyo), Amaranthus spp (Alefu) and Hibicus sabdariffa (Bra). The order of preference in the forest zone is Xanthosoma mafafa (cocoyam leaves) > Corchorus spp.(Ayoyo) > Amaranthus spp (Alefu) > Hibicus sabdariffa (Bra), while the reverse order pertains in the savannah zone.     

Emergence-based local Economic Development Model: a way forward in responding to turbulent operating environments

This paper seeks to present a new approach to the implementation of local economic development policies. It takes evidence from such areas as physics, biology, and management theory and proposes that a new 'model' may be the way forward for economic development activities. The new paradigm is based upon research carried out in the Coventry area of the United Kingdom (UK). The paper has a five-part structure. Initially, it will provide an overview of underlying local economic and management trends in the UK. This is followed by an examination of underpinning theories and how these can be used. The third section will report on local economic development agencies (LEDAs) which operate in and around Coventry. The last two sections will draw the strands together to propose an Emergence-based local Economic Development Model.     

Antecedents of brand loyalty in South African retail banking

With new banks entering the South African market and consumers generally not satisfied with their current bank, brand loyalty in the banking sector is receiving greater attention. A gap in the literature exists regarding the issues of bank loyalty and their antecedents in South African retail banking because of the few studies available in the South African context, the new competitive environment in the banking sector, the multi-cultural nature of the market, and the likely switching behaviour by customers. The South African context is a multi-cultural environment and therefore offers a unique background as most previous brand loyalty studies have been in mono-cultural contexts. The purpose of this study was to investigate the antecedents of brand loyalty, including satisfaction, brand relationship quality, customer advocacy, and brand trust in retail banking. We report on a survey of 351 banking customers through SEM using AMOS. While the findings are generally supportive of previous studies, some surprising results are discussed and implications for both theory and practice are highlighted.