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This research aims to evaluate the nexus of green innovation on registered companies' financial performance on the Johannesburg Stock Exchange (J.S.E.). The paper followed the content analysis approach in evaluating green products, green processes, management innovation ability, and green image variables on 64 manufacturing firms from 2011 up to 2018. This article adopted Smart PLS-SEM 3 analyses to check the models suggested for the study empirically. The findings reveal that management innovation ability had a significant favorable influence on the green process; however, the relation with financial performance was insignificant. Green process innovation had a significant negative association with enterprise financial performance. Again, the effect of green process innovation on green products was enormously significant. Green products did not have a considerable influence on financial performance. Finally, the moderating variable green image was introduced into the model, green product, and green process; both indicated an insignificant positive effect on the enterprise financial performance. The conclusion of this research supports the theoretical assertation that mutually green products and green processes are complementary.

This study considers the impact of Ghana’s heavy external debt on its ability to attract foreign investment. The study uses data covering the period from 1991 to 2019. Foreign investment is measured using net foreign direct investment inflows, while external debt is measured using two indicators: public and publicly guaranteed external debt stock and long-term debt stock. Using the ARDL, we found that both external debt indicators have a substantial negative long-run influence on foreign direct investment inflows. On the other hand, economic growth, measured by the gross domestic product, has a substantial positive effect on foreign direct investment inflows. External debt has a detrimental impact on foreign direct investment, while improvement in the country’s economic performance promotes foreign direct investment inflows. The implication is that when funds borrowed are well utilized for economic purposes, it will neutralize the negative consequences of the debt, and the improved economic performance shall augment foreign investment inflows. These findings are essential for most developing economies, especially the African countries, which heavily depend on foreign loans. Policymakers should focus on strategies such as human capital improvement, innovation, and strengthening their legal systems that improve economic performance.