Papers by WILLIAMS KWASI PEPRAH
The "Steward of Money" theme explores the biblical principles of financial stewardship, emphasizi... more The "Steward of Money" theme explores the biblical principles of financial stewardship, emphasizing the responsibility of managing resources in a way that honors God. The concept is grounded in the belief that all resources belong to God, and humans are merely stewards. Financial stewardship involves careful planning, generosity, and accountability, with the goal of building a legacy that reflects faith. Men's money is often seen as a measure of success, status, and provision. It reflects a man’s ability to provide for his family and achieve financial independence. However, it can also become a source of stress due to societal pressures and the perceived need to maintain control and power. Women's money, on the other hand, is viewed as a tool for security, independence, and empowerment. Women often prioritize nurturing their families and providing long-term stability through financial planning. Money also serves as a symbol of equality and fairness, allowing women to contribute to both family and community. The sexuality of money addresses the power dynamics that financial control can create in relationships. It explores how money can influence gender roles, attraction, and autonomy, and how economic inequality impacts intimacy. The credibility of money focuses on ethical financial management and warns against greed. Honesty and integrity in financial dealings are emphasized. Lastly, the "Moneyness Trap" explores how the pursuit of wealth can lead to spiritual and moral downfall, using biblical examples such as Lot and Judas Iscariot to illustrate the dangers of financial mismanagement and materialism.
Pan-African Journal of Education and Social Sciences, 2024
Based on the assertion that not all social ties promote entrepreneurship, this study investigated... more Based on the assertion that not all social ties promote entrepreneurship, this study investigated the correlation between social support and entrepreneurial intentions among 352 2019/2020 graduating university students sampled from private and public universities in Ghana. This study adopted a quantitative approach using questionnaires and a correlational analysis. The finding was that social support and entrepreneurial intentions have a moderate, significant positive effect on entrepreneurial intention among Ghanaian tertiary students; there was no statistically significant difference between students' sex (male or female), birth order, and exposure to entrepreneurship on entrepreneurial intention. This study's conclusions suggest that families and friends/peers are capable or willing to provide support to become entrepreneurs or are willing to use social support for venture creation. The findings have implications for practicing entrepreneurs, entrepreneurship educators, and policymakers.
International Journal of Business & Management Studies, 2024
This study examines the impact of the COVID-19 pandemic on selected Sub-Saharan African countries... more This study examines the impact of the COVID-19 pandemic on selected Sub-Saharan African countries in terms of GDP, Inflation, and Balance of Payment (BPM6) The paper addresses a significant knowledge gap regarding the pandemic's influence on emerging financial markets in Africa. A longitudinal research design was adopted, analyzing data from Ghana, Kenya, Nigeria, and South Africa between 2017 and 2022. The study utilized GDP per capita growth, Inflation, and Balance of Payment as dependent variables, employing a repeated measure of ANOVA for analysis. The use of the 6 th edition of the Balance of Payments Manual (BPM6) is an important macroeconomic indicator significant in determining the performance of any country with the rest of the world. The results indicate substantial shifts in BPM6, GDP, and inflation rates before and after the pandemic. Specifically, there was a decrease in BPM6 deficits, an increase in inflation rates, and a slowdown in GDP growth post-pandemic, highlighting COVID-19's significant economic impact. The study recommends implementing policies to stabilize the economy, focusing on fiscal stimuli to boost GDP, controlling inflation, and managing external debts to improve the balance of payments. This research provides valuable insights for policymakers, investors, and stakeholders to effectively navigate financial market dynamics in Africa during and beyond the pandemic era.
International Journal of Applied Economics, Finance and Accounting, 2024
US investors' behavioral finance and investment decision-making approach became a concern during ... more US investors' behavioral finance and investment decision-making approach became a concern during the COVID-19 pandemic era as the capital market crashed. The study used mediation analysis to explain how or why the COVID-19 pandemic intervened in the causal association of behavioral finance concepts of heuristic techniques and cognitive biases on their investment decision-making. This causal research design study was based on 500 snowballsampled US investors who answered self-constructed, validated, and reliability-tested Likert-scale quantitative variables measured through a first-party data collection approach. The results showed that the COVID-19 pandemic was a specific moderate to partial significant mediator on the low positive significant relationships between heuristic techniques and investment decision-making, and the COVID-19 pandemic was a specific moderate to full significant mediator on the low positive not significant relationships between cognitive biases and investment decision-making among US investors. From the point of view of behavioral finance, the COVID-19 pandemic situation clearly and significantly demonstrated how US investors used 75.6% heuristics techniques (calculated guesses based on prior knowledge) and 87.5% cognitive biases (unintentional errors in their worldview) to cause the crash of the capital market. These findings confirm the rational expectations theory.
Archives of Business Research, 2024
It is a hypothetical position that employees in the hospitality industry in Ghana experience sala... more It is a hypothetical position that employees in the hospitality industry in Ghana experience salary disparities based on the gender of the employee. Pay disparities exist because of unconscious biases in areas such as hiring, promotions, performance reviews, and salary decisions. In ensuring equal pay for equal work to fulfill the International Labor Organization (ILO) convention, this study investigated the internal equity pay of the employees in Ghana's hospitality industry based on equal work. This quantitative association study adopted a selfconstructed research instrument to measure internal equity pay and randomly selected 350 respondents in the hospitality industry in Ghana to answer the research questionnaires. The respondents were made up of 160(46%) males and 190(54%) females. In looking for the significant difference of gender as related to internal equity pay of the employees in Ghana with a T'Test analysis, the study revealed that, indeed, there was a significant difference in the salary payment of the employees in Ghana. The males were paid more than the females for equal work. Therefore, the study rejected the null hypothesis that there is no significant difference in internal equity pay based on the gender of the employees in the hospitality industry in Ghana. To ensure equal pay for equal work, the management and shareholders of hospitality firms in Ghana are recommended to seek knowledge of the legal requirement of this principle in the Ghana Labor Law and also become compliant with the ILO convention. Furthermore, a conscious effort must be made to ensure equal pay for equal jobs.
Pan-African Journal of Education and Social Sciences, 2023
This study joins the debate about whether capitalism or socialism best shows how the Bible sees e... more This study joins the debate about whether capitalism or socialism best shows how the Bible sees economic interactions between people and, by extension, provides insights into how a Christian should live. Capitalism is based on the private ownership and control of resources and profit, which spread with the migration process of the Protestants. Socialism is based on the idea that the group or community should own the means of production and distribution to benefit everyone equally. This paper argues that biblical principles point neither to socialism nor capitalism as the appropriate economic framework for economic interactions and the organization of economic life in society. This assertion is based on how Jesus lived His life and various statements He made while here on earth, as presented in the Bible. The study demonstrates that Jesus is variously portrayed as a revolutionary socialist and a compassionate capitalist, and that Christians are called to responsibly manage the resources entrusted to them by God, for there is accountability for every economic choice and preference.
Archives of Business Research, 2023
The hospitality industry has a high human capital requirement that depends on leadership to provi... more The hospitality industry has a high human capital requirement that depends on leadership to provide supervision for the utmost customer satisfaction. Based on this, this research looks at the impact of leadership on supervision among hotels in Ghana. This research was a causal research design. It investigated the correlational effect of leadership on supervision in the hospitality industry in Ghana. Data obtained from Ghana Tourism Authority’s National Data 2020 on Tourism Human Resource put the employees of 3 to 5 stars hotels as the study population at 7,347. The researcher used a Raosoft sample size calculator to determine a sample size of 366 at a 95% confidence level. A convenience sample technique was used to collect the data. Self-constructed instruments with Cronbach alpha of Leadership .710 and Supervision .751 were used to measure reliability. In answering the relationship question correlation analysis was used to establish the relationship. The study showed a highly posit...
International journal of academic research in business & social sciences, May 7, 2022
All over the world, investment decisions are regarded as critical decisions. Investors prior to t... more All over the world, investment decisions are regarded as critical decisions. Investors prior to the investment decision would like to know the possible risk and returns associated with the kind of investment to be undertaken. Investors make an excellent investment decision based on facts and figures. Since an investor cannot just by looking at a stock say whether it is overvalued, undervalued or at a fair value. This study is based on a literature review determining the intrinsic value of a stock using the Discounted Cash Flow model, with a particular emphasis on the Internal Rate of Return (IRR) and Net Present Value (NPV) approaches, and their influence on investment decision-making. This study recommends that for investors to make a profitable investment decision, they must focus on investments with intrinsic value equal or higher than the market price of stocks.
Applied Finance and Accounting
The corona virus (COVID-19) pandemic brought both negative and positive impacts on all sectors of... more The corona virus (COVID-19) pandemic brought both negative and positive impacts on all sectors of world economies since its inception in the early 2020s. Profit and not-for-profit institutions have had their levels of effects as a result of the world-wide crises. Lockdown measures imposed by governments around the world to curb the spread of the virus had various repercussions on various activities, including churches. Effects of the pandemic on businesses, education, agriculture and tourism, among others, have received massive highlights in literature. Given this phenomenon, this study sought to ascertain the impact of COVID-19 on church cash inflows. The study used quantitative research approach. Research instrument consisted of self-constructed questionnaire. The study made use of descriptive correlational design. Data collected from Unions and Conferences of the Seventh-day Adventist Church in Ghana were statistically analyzed. Results showed positive significant impact of COVID...
The use of the 5c’s is among the techniques banks use in considering loan request. The names of t... more The use of the 5c’s is among the techniques banks use in considering loan request. The names of these C’s are Condition, Character, Capacity, Collateral, and Capital (Wachira, 2017 & Afram & Mills-Robertson, 2014). These elements have a universal application in credit evaluation to manage the risk levels of borrowers. When banks make a wrong lending decision it has the highest probability of the loan going bad (Wachira, 2017). According to OwusuDankwa and Gyamfi (2013), the 5c’s model is used by banks in Ghana to determine the creditworthiness of borrowers and it impacted on the quality of the loan portfolio. The banking sector stability report issued by Bank of Ghana (2017) indicated that there were thirty-three banks with universal banking license of which seventeen are foreign controlled and sixteen domestic controlled. The report depicted that non-performing loan (NPL) rate has been increasing. The March 2017 report stated NPL rate of 17.7% as compared to 15.6% in February 2016 ...
To make up for revenue shortfall, the Government of Ghana adopted borrowing, which increased Ghan... more To make up for revenue shortfall, the Government of Ghana adopted borrowing, which increased Ghana's bond market activities domestically and externally and as a result a high debt-to-GDP exposure leading to the current unsustainable debt levels.
International Journal of Academic Research in Business and Social Sciences
Purpose: The primary purpose of the study was to examine the roles of heuristic techniques and co... more Purpose: The primary purpose of the study was to examine the roles of heuristic techniques and cognitive biases in Investment decision making and suggest directions for future research. Design/Methodology/Approach: The study adopted the literature review method to solicit an understanding of the heuristics and biases central to behavioural finance and influence investment decision-making. Findings: The paper provides conceptual insights into the influence of heuristic techniques and cognitive biases in investment decision-making. Results from the conceptual analysis show that in recent times, investors in their bid to minimise losses and maximize gains employ a range of heuristics which often lead to systematic errors in judgment. Practical Implications: The paper encourages investors to prioritise financial literacy as a prerequisite to making investment decisions in the capital market and minimise the overreliance on heuristic techniques which often lead to biases. Originality/Value: The current study is the first to focus on the influence of both heuristic techniques and cognitive biases in investment decision-making together with suggested future research directions. This article enhances understanding of the behavioural finance approach to investment decision-making.
The International Journal of Business and Management, Oct 31, 2017
Background to the Study The revolution of technology has bridged the gaps between and among natio... more Background to the Study The revolution of technology has bridged the gaps between and among nations and continents. Thus, countries are now closer and interconnected than ever before. This phenomenon of interconnectedness is called globalization. Globalization is now a dominant force driving business and marketing strategies in the world today. That is, globalization of the world's economy and markets are leading companies and nations to become global players and investing across nations and continents (Ocansey & Enahoro, 2014). Several firms (including medium-scale to large scale) around the world (developed and emerging markets) are expanding their production and marketing activities beyond national and continental boundaries. Chatterjee (2016) posits that, due to the movement of people around the world and the widespread use of the internet, there has been an extensive interaction which is making the world a single society and has called for a global trade. What is really propelling the globalization of the world markets? The converging needs and wants of customers around the world have created the opportunity for globalization of markets and have stimulated global competition for global resources and customers. Djordjevic (2014) succinctly explains that, "regional economic agreements, converging marketing needs and wants, technology advances, pressure to cut down cost, pressure to improve quality, improvement in communication and transportation technology, global economic growth, and opportunities for leverage" (p.1) are the forces driving globalization. Many firms or organizations are established with the intention to expand and grow without any restriction to grow. The desire to grow stimulates the formulation of business strategies that help these firms or organizations to expand their marketing strategies beyond national and continental boundaries. In order for firms to be successful in global trade requires global marketing strategies. According to Djordjevic (2014), the use of various marketing efforts has created global markets from the common needs and wants of human nature around the world on cultural universality as differences. The continuous growth of this cultural universality has brought to bear "the emergence of international markets for consumers" (Naghi & Para, 2013, p. 2). Notwithstanding the globalization of the world, there are still differences in the way people live in different nations and continents. Thus, different cultures exist in different countries and difference continents. Cultural elements such as language, food, clothing, beliefs and practices differ from country to country and continent to content. Because firms seek to expand to other geographical boundaries, their global marketing strategies meet the barrier of culture. The fundamental shaper of consumer behavior is culture (Cleveland, Naghavi & Shafia, 2017). As asserted by Hart (2014) cultural study embodies the knowledge of custom and social behavior. The influence of culture on marketing strategies has highly been debated in academic literature in recent years. Articles published in ten renounced journals during 1996-2001 revealed that almost 10% of the articles used culture as the explanatory variable
International Journal of Economics and Finance, 2022
The wrong financial decisions can cripple a sound business strategy; thus, an organisaton’s busin... more The wrong financial decisions can cripple a sound business strategy; thus, an organisaton’s business strategy and financial decisions must work in tandem and effectively to achieve value and competitive advantage to exploit the inconsistencies in the market it operates. Hence, financial decisions and business strategy are crucial to attaining organisational competitiveness leading to sustainable competitive advantage. Therefore, using the literature review method, this conceptual paper examined the roles of financial decisions and business strategy in achieving organisational competitiveness and impacting on sustainable competitive advantage. Further, the article recommends research propositions based on empirical examination of the relationship and impact of financial decisions and strategy on organisational competitiveness and sustainable competitive advantage.
Applied Finance and Accounting, 2022
Blockchain technologyis a distributed, unchangeable ledger that makes recording transactions and ... more Blockchain technologyis a distributed, unchangeable ledger that makes recording transactions and managing assets in a business network much easier and nowa type of accountingsoftwareconcernedwith the transfer of assetownership and the maintenanceof anaccuratefinancial ledger. Despitethenumerousbenefits ofblockchaintechnology,there is no study on theapplicability of blockchain technologytothenormalaccountingcycle in emerging economies in Africa.Thus,thispaperprovidesgeneralinsightsonhowblockchaintechnologymaybeusedinthenormalaccountingcycle in West Africa.Thestudyadoptedaqualitativeresearchmethodandcontentanalysisresearchdesigntounderstand the extent to which business leaders in West Africa are aware, understand, and utilize blockchain technology in the processing of accounting transactions to the preparation of financial statements.Results indicatethat West African business leaders are well aware, understand and applyblockchaintechnologyapplicationsinthenormalaccountingcycle,anditpr...
International Journal of Economics and Finance, 2022
The study confirms the debate on whether stock market development correlates to economic growth. ... more The study confirms the debate on whether stock market development correlates to economic growth. The dimensions used for the stock market development consisted of market liquidity, size, and capitalization. Economic growth was represented by the real gross domestic product (GDP) growth rate. Based on secondary data obtained from the Ghana Stock Exchange (GSE) and Ghana Statistical Service from 2014 to 2018, a correlational research design was adopted to analyze the data with SPSS 20v by using bivariate and regression. The study found that there is a high positive relationship between market liquidity and economic growth, a moderate negative relationship between market size and economic growth, and a moderate positive relationship between market capitalization and economic growth. Also, the stock market development of market liquidity, size, and capitalization predict 95.7 percent of economic growth. The study summarized that there is a high positive association between stock market ...
Open Journal of Accounting, 2021
Currently, the labor workforce in the Philippines needs accountants brought about by the ASEAN in... more Currently, the labor workforce in the Philippines needs accountants brought about by the ASEAN integration. As such, there is a greater demand for universities to produce graduates who are ready to face the real world of business. To produce quality graduates, the technical and soft skills of the accountancy graduates must be in harmony. This study aimed to ascertain the technical and soft skills matching in relation to the first job experience of accountancy graduates. A descriptive-correlational design was utilized in this study. Stratified random sampling was utilized to get the 70-study sample. Self-constructed questionnaires were used in this study. Content validity was done by five experts. Percentages, mean, stand and regression were used in the analysis of data. The work profile revealed the following: 37.14% of accountancy graduates are working in the audit sector, 34.29% worked in General Accounting/Finance; 70% of respondents are currently working with 1-3 years of experience, while 30% working beyond 3 years from the date of graduation; 45.71% of the respondents underwent internship at Alas Oplas & Co. CPAs, and 58.57% of accountancy graduates who took the internship program spent at least 160 hours on their internship. Regression analysis revealed that the technical skills gained in the internship program of the accountancy graduates were significantly related to the technical skills applied during their first job experience. On the other hand, the Accountancy Program's soft skills are significantly related to the soft skills applied during their first job experience.
SSRN Electronic Journal, 2021
It has become paramount for providers of funds for non-governmental organizations globally to req... more It has become paramount for providers of funds for non-governmental organizations globally to require and request receivers of the funds to report financially. Financial reporting practices typically carry information and are shown in the income statement or statement of performance, statement of position, cash flow statement, funding sources, and statement of disclosure. Hence, this study investigated the impact of computerization on financial reporting practices of the six registered international non-governmental organizations in Ghana. The study used a correlational research design and applied bivariate analysis in SPSS version 23 on self-constructed questionnaires with Cronbach's Alpha of 0.78 for computerization and 0.82 for financial reporting practices. The results of the study showed that there is a highly significant positive relationship between computerization and financial reporting practices (r = 0.851, p = 0.032). The study confirmed that most of the international non-governmental organizations in Ghana consistently receiving funding due to the proper computerization systems they have, which have aided the financial reporting practices that funders require. The study recommends that local non-governmental organizations computerize their accounting and financial reporting processes.
International journal of innovative research and development, 2017
This paper aims at contributing to the ongoing debate as to whether tax avoidance is ethical or u... more This paper aims at contributing to the ongoing debate as to whether tax avoidance is ethical or unethical. Our approach is from the theological and ethical point of view, and we concluded that tax avoidance is unethical. Christians must be law abiding and not look for loopholes in the tax laws to reduce their tax liabilities to the State. Keywords: Tax avoidance, tax evasion, theological-ethical, utilitarian, deontological, Situationism, antinomianism
The concept of people seeking education outside their country has been with humanity for a very l... more The concept of people seeking education outside their country has been with humanity for a very long time. It is all because of the perception of quality education or non-existing schools, programs or courses in the home country. This quantitative study was based on the service quality (SERVQUAL) dimensions of reliability, assurance, tangible, empathy and responsiveness coupled with ISO 9001 requirement of conformity and nonconformity to determine the level satisfaction of international students on an ISO 9001 certified institution in the Philippines and developed a responsive program. Responses from 100 conveniently selected international students in 10 ISO certified universities have been analyzed with SPSS 20. The results indicate that the overall service quality of these universities is moderately satisfied. Again, the SERVQUAL determinants of Assurance, Tangibles, and Empathy are all moderately satisfied to indicate conforming to observation. Reliability indicated conformance w...
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Papers by WILLIAMS KWASI PEPRAH
Key biblical principles discussed include ownership, responsibility, accountability, generosity, and faithfulness. Through the Parable of the Talents (Matthew 25:14–30), the presentation illustrates the importance of utilizing and growing the resources God entrusts to us. Practical implications of these principles highlight the need for wise investment, overcoming fear, and taking responsibility for the resources provided.
The presentation also offers practical steps for building a faith-based legacy, such as promoting generosity, teaching stewardship to future generations, long-term financial planning, and ensuring transparency in financial practices. By integrating these principles into daily life and leadership, individuals and communities can leave a lasting impact that honors God and supports His work. This holistic approach to financial management underscores the spiritual responsibility and act of worship inherent in true stewardship.
Keywords: Artificial Intelligence, Human Financial Researchers, New Normal