International Journal of Organizational Leadership 13(2024) 59-78
Do Government Interventions and
Transformational Leadership Matter? A
Moderation-Mediation Analysis of SME
Performance During COVID-19 in
Ghana
4
, Linda Adadevoh
3
, Eleazer Fianko Ofei
2
, Abiel Ashitey Armah
1*
Mensah Marfo
5
Carl Asante Reindoph
1,2,3
Accra Institute of Technology (AIT), Department of Business, Ghana
4
Nobel International Business School (NIBS) Department of Business, Ghana
5
Accra Institute of Technology (AIT), Department of Accounting and Finance, Ghana
ABSTRACT
Keywords:
COVID-19 containment
measures, Government
interventions,
Transformational Leadership,
Moderated-mediating,
Performance of SME
beverages enterprises, Ghana
The COVID-19 pandemic has caused massive economic shocks, hurting companies and
disrupting global production and consumption of markets, organizations, and commodities.
This study investigates the effect of government intervention and transformational leadership
on the relationship between COVID-19 containment measures and the performance of SMEs
in Ghana's beverage manufacturing sector. Employing exploratory and cross-sectional design,
we gathered empirical data using a quantitative research method. Participants completed
research questionnaires independently, without any assistance from researchers, to provide
data for the study. The questionnaires were self-administered. The data was collected from
100 SMEs, each with 500 leaders, owners, or CEOs. A structural equation model was used
to analyze the data. The results showed that COVID-19 containment measures positively
influenced SMEs' beverage businesses and transformational leadership. Results showed that
transformational leadership significantly impacted the performance of SME beverage firms.
The finding also indicated that government interventions significantly influenced the
performance of SME beverage firms. The results showed that the performance of SME
beverage firms and COVID-19 containment measures were mediated by transformational
leadership style. However, government interventions have had a positive effect but did not
moderate COVID-19 containment measures and the performance of SME beverage firms.
The study contributes to the body of knowledge in the literature by establishing empirical
evidence about how COVID-19 containment measures affect the performance of beverage
manufacturing SMEs through the moderating effect of government intervention and the
mediating effect of transformational leadership as limited studies have been conducted in this
area in a single study.
©CIKD Publishing
Received
04 December 2023
Received in revised form
20 January 2024
Accepted
24 January 2024
*Correspondence:
marfo@ait.edu.gh
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