Abstract:
In the face of escalating environmental concerns and the imperative for responsible
corporate behaviour, organizations are increasingly turning their attention to
sustainable procurement practices as a pivotal component of their business strategies.
This study investigates the intricate relationship between sustainable procurement
practices and their impact on sustainable performance. Furthermore, the research
explores the moderating role of regulations in shaping the effectiveness of these
sustainable procurement practices. Drawing on a comprehensive review of the
existing theories (institutional theory) and literature, this research identifies the
multifaceted dimensions of sustainable procurement practices and their potential
influence on sustainable performance. The study also delves into the moderating role
of regulations in the relationship between sustainable procurement practices and
sustainable performance. The research scrutinizes how the stringency and clarity of
regulations impact the effectiveness of sustainable procurement practices in driving
sustainable performance. The study adopted a quantitative research approach. It
employed both descriptive and inferential statistics. A simple random sampling was
used to select of 191 manufacturing firms in the greater Accra region of Ghana. All of
the collected data was processed using the Statistical Package for Social Sciences
(SPSS) version 26 software. The analysis demonstrated a significant and positive
relationship between sustainable procurement practices (supplier involvement, ethical
procurement and green procurement) and sustainable performance of manufacturing
firms sampled from the Greater Accra region of Ghana. Also, the analysis uncovered
a positive and significant moderating role of regulations in strengthening the
relationship between sustainable procurement and sustainable performance of
manufacturing firms. It is recommended that manufacturing firms should prioritize
sustainable procurement practices, incorporating clear criteria for suppliers and
fostering collaboration. Regulators should enforce stringent sustainability standards,
incentivizing compliance and supporting industry-wide adoption to drive
environmental responsibility and competitiveness. This collective approach ensures a
resilient and environmentally conscious manufacturing sector.
Description:
A dissertation in the Department of Accounting,
School of Business, Submitted to the School of
Graduate Studies, in partial fulfilment
Of the requirements for the award of the degree of
Master of Business Administration
(Procurement and Supply Chain Management)
in the University of Education, Winneba.
NOVEMBER, 2023