Firm Internal Factors and Export Performance in the Ghanaian Wood Industry
Fidelis Quansah, Alhassan Bunyaminu
Abstract
The objective of this study is to investigate the factors that are important in the determination of export
performance in the Ghanaian wood industry. The study employed a convenience sampling technique to identify
the respondents. Accordingly, the purposive sampling method was used to choose respondents that have similar
characteristics. A correlation analysis between the number of employees working in the firm and the number of
employees with technical background working in the firm was conducted. To estimate the relationship between
the firm internal factors and export performance within the wood export industry of Ghana, the study went on to
regress the remaining internal firm characteristics as independent variables against the dependent variable which
is export performance. The results of the correlation analysis indicated that all the variables except years of
exporting and number of employees with technical background were significantly correlated to export
performance. The age of the firm and the numbers of employees working for the firm were however negatively
correlated to export performance. It also indicated that the variables contributed a minimum to 2% and a
maximum of 16.6% to the variance in export performance. The study recommends that more factors should be
explored in the literature to uncover more factors that are important in the determination of export performance
in the Ghanaian wood industry.
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