GREEN SUPPLY CHAIN MANAGEMENT AND PERFORMANCE OF LISTED OIL AND GAS FIRMS IN NIGERIA: A MODERATING ROLE OF INTERNET OF THING
Journal Title: Gusau Journal of Accounting and Finance - Year 2021, Vol 2, Issue 2
Abstract
Integration of Internet of Things (IoT) into an eco-innovation system in Green Supply Chain Management Practices (GSCM) and Firms Performance (OP) is an important and desired direction with sufficient and necessary potentials to improve supply chain especially in the oil and gas industry. Conversely, the complexity nature of oil and gas supply is capable of influencing oil and gas prices and ecosystem, owing to low environmental standards in the petroleum downstream sector (PDS) in Nigeria. Previous researches displayed a limited role played by GSCM practices on the OP. Therefore, this study investigates the moderating role of IoT on the relationship between GSCM practices and OP in Nigeria’s PDS. A quantitative research approach was employed using a cross[1]sectional survey design. The participants were 365 which is a representative sample of senior staff from 7 companies operating in PDS selected using a stratified random sampling technique. The instrument of data collection was a developed and validated questionnaire designed to elicit responses on a 5-point scale. The data collected were analyzed using SmartPLS 3 by conducting the Partial Least Square Structural Equation Modelling (PLS-SEM) analyses. The results revealed that, GSCM practices has a significant relationship with OP (?=0.91, t=5.07; p < 0.05). Similarly, IoT has a significant moderating effect on the relationship between GSCM Practice and OP (?=-0.051, t= 2.44; p < 0.05). The findings of this study have provided empirical evidence on the effect of GSCM practices on OP and thus, IoT moderates the relationships thereby, supporting the hypothesized relationship. Given that integration of IoT into GSCM practice is relatively new, the integrated IoT application/GSCM framework proposed in this study needs to be further strengthened through refinement and validation across different economy.
Authors and Affiliations
Abba Adam, Halima A. A Yusuf, Abubakar Abubakar, Ibrahim Labaran Ali, Shehu Usman Hassan
Keywords
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