ghanaopendata/ghanaian-research-english huggingface dataset:
Corporate governance and profit productivity of listed banks in Ghana

The study examined the impacts of corporate governance on the profit productivity of the listed banks on the Ghana Stock Exchange between 2010 and 2020. The study used eight banks listed on the Ghana Stock Exchange between 2010 and 2020. The study employed a non-parametric method of Data Envelopment Analysis at its first stage that determined the efficiencies of the banks. In addition, the Malmquist Productivity Index (MPI) is used to evaluate the banks’ total productivity change. The first stage results indicated that none of the listed banks achieved optimal operational efficiency. In addition, it was revealed that pure technical efficiency increased. The total productivity change analysis of the banks revealed that five of the eight (8) have their total factor productivity increased over time. The study used Random-Effects Generalized Least Squares Regression analysis at the second stage that examined the impacts of corporate governance variables on the profit productivity of the listed banks. The study concludes that increasing board size and diversity have increased bank profitability as board size and diversity boost GSE-listed bank profit productivity. Similarly, bank size and expansion in banking sector activities positively affect banks’ profit productivity. On the contrary, executive share compensation and financial leverage do not influence the profit productivity of the banks in any way. The study recommends that bank managers strengthen their managerial abilities to match technology improvements in the banking business. Boards should also improve bank directors' and executives' executive share compensation to incentivize them to accomplish more.

Source: UCC
Corporate Governance and Risk Management among Banks in Ghana

Risk management is gradually becoming an area of concern to many organizations including banks due to the frequent banking crises. As a result of the 2007 global financial crisis and several corporate failures, there have been immense calls for good corporate governance practices to be employed in the running and managing of corporations. Good corporate governance helps corporations in managing risks. This study examined the relationship between corporate governance and risk management of banks in Ghana. The study used panel data generated from the annual reports of 18 sampled commercial banks for an eleven-year period, 2008 to 2018. The study employed fixed and random effect models of regression via GLS based on the outcome of the Hausman (1978) specification test. The findings revealed that institutional ownership and bank expert are positively associated with banks risk management specifically liquidity risk. Also the presence of risk management committee is positively significant with capital risk. The study recommends that Shareholders must review the banks governing board to include more bank expert to serve as a control mechanism to enhance proper risk management. The study also recommends that shareholders must establish or strengthen risk management committee to serve as a control mechanism.

Source: UCC
Corporate Governance Disclosures and Financial Performance of Listed Firms in Ghana

This study seeks to deepen our understanding of how corporate governance disclosure practices influence financial performance of firms listed on the Ghana Stock Exchange. This study reinforces the perspectives of the agency theory, legitimate theory, and stewardship theory in establishing the links between corporate governance disclosure practices and financial performance of listed financial institutions in Ghana. The analysis relied on secondary data collected from the annual report of ten (10) listed financial institutions on the Ghana Stock Exchange from 2007 to 2021. The period of analysis was main driven by data availability. The panel estimation, specifically the fixed and random effects and OLS estimations were used in this study. From the findings of the study, corporate governance disclosures were influenced by board independence and board diversity, however institutional ownership, management ownership and the audit committee could not lead to corporate governance disclosures. Also, institutional ownership, state ownership, management ownership, board size, and the size of the audit committee promote financial performance. However, financial performance was adversely affected by state ownership, board size, board independence, and board diversity and the audit committee. The study recommended that financial institutions should focus on good corporate governance, internal procedures, and strict adherence to the laws and rules controlling the distribution of financial resources to consumers to promote performance. Further studies could employee the GMM technique as it overcomes difficulties of endogeneity with panel data estimation.

Source: UCC
Corporate governance practices and financial performance of credit unions in Ghana: a case study of University of Ghana Credit Union

A lot of individuals are joining credit unions because of its advantages over the formal banking sector and other microfinance institutions. This study primarily sought to identify and examine the corporate governance systems and financial performance of the University of Ghana (UG) credit union. More specifically to identify the corporate governance systems in place, examine the risk management structures, and examine the financial performance of the credit union over the last decade using the PEARLS evaluation system. The primary data for the study was the financial statements of the University of Ghana credit union from 2005 to 2015. The results of the study indicate that University of Ghana credit union does not have a very robust corporate governance system. There is no well-defined skills and academic competencies requirements for selection onto the management board and different committees of the union. The credit union has adequate risk management systems in place to manage credit and liquidity risks. UG credit union has an adequate effective financial structure although it is not maximising its loan asset portfolio. On the whole, the union’s financials are good which is reflected in its growth. It is recommended that the even numbered board composition of the management board, the loans and supervisory committees should be made odd numbered. There should be a well-defined skills and academic competencies requirements for all members who want to serve on any committee. Management should also maximise its loan portfolio because it is its most productive asset.

Source: UCC
Corporate governance, disclosure and foreign share ownership on the Ghana Stock Exchange

Purpose – The purpose of this paper is to examine the interaction between corporate disclosure and foreign share ownership on the Ghana Stock Exchange (GSE). Design/methodology/approach – The paper follows the trinary procedure of Aksu and Kosedag and uses the Standard & Poor’s transparency and disclosure items in the construction of the disclosure index. Therefore, the paper adopts a panel data analysis covering a period from 2002 to 2007 using the seemingly unrelated regression approach. Findings – The results indicate a statistically significant interaction between corporate disclosures and foreign share ownership among the sample firms. The market value of equity and market-to-book value ratio is documented; free cash flow and financial leverage have statistically significant relationships with foreign share ownership. Originality/value – This is the first of its kind in the country that considers the impact of corporate governance and disclosure on foreign share ownership despite the numerous studies carried out on the GSE.

Source: UCC
Corporate governance, ownership structure, cash holdings, and firm value on the Ghana Stock Exchange

Purpose – The purpose of this paper is to examine the interaction between corporate governance, ownership structure, cash holdings, and firm value on the Ghana Stock Exchange. Design/methodology/approach – A multiple regression approach using the seemingly unrelated regression to mitigate the problems of multicollinearity between the cash-holding variable and other control variables is adopted. Findings – Board size is found to be positively and statistically significantly related to share price among the corporate governance variables. However, a significant relationship between inside ownership and share price is not found. The results also indicate that additional units of cash holdings do not have a statistically significant influence on share price. Finally, leverage and income volatility are found to be significant determinants of share price. Originality/value – This is the first of its kind in the country that considers the impact of corporate governance, ownership structure, and firm value on the Ghana Stock Exchange (GSE).

Source: UCC
Corporate Governance, Regulatory Compliance and Performance of Banks in Sub Sahara Africa

ABSTRACT The study assessed the impact of corporate governance on performance as well as regulatory compliance of banks in Sub Saharan Africa. The study adopted the quantitative method approach. The quantitative data was collected from the annual report of the banks from 2011 to 2020. The study used the system generalized method of moment two step estimator with 41 listed banks from five Sub Sahara African countries. The results revealed that board size, board independence, audit committee, board diversity, managerial ownership and ownership concentration predict performance when measured with return on asset. The study also found that board size, board independence, audit committee, board diversity, institutional ownership and ownership concentration were predictors of performance with net interest income. All the variables were also predictors with the exception of institutional and concentrated managers with return on equity The study also revealed that board size, board independence, audit committee, board diversity and managerial ownership were predictors of regulatory compliance. With respect to the moderating effect of type of bank on the relationship between corporate governance and performance, type of bank significantly moderates the relationship between corporate governance and return on asset. Apart from institutional ownership which was significant, the moderating effect of type of bank were all insignificant on the relationship between corporate governance and regulatory performance. The study concluded that corporate governance predict performance as well as regulatory performance. It is recommended that, regulators should from time to time, modify and update the corporate governance guidelines to meet the current trend of business and best practices

Source: UCC
Corporate Governance, Regulatory Compliance And Performance Of Banks In Sub Sahara Africa

The rudy assessee! the impact o f corp or are governance on performance as well as regulatory co mpliance of banks in Sub·Saharan An·ica. The study adopted the quantitati ve method approac h. T he quantitative daw was co ll ec ted fro III the ann ual n~ p o n of the banks f'rolll 20 11 to 2022. T he study used the systelll gen erfl li zed meth od 0 1' Illoillent tlVO step estilllator with 41 li sted bfl nks 11'0111 li ve Sub Sil hara Afri can countri es, The res ults reveflled that board size, boa rd independ ence, audit co millinee, board diversity, m<1 nngerial ownership Cl iid own\.' I'ship co nce ntrat ion preciict pcrlo rmance w hen Illea sured with rctum on asset. The stuciy alSll lound th flt board size, boa rd inciepenci cll ce, fl udit eO l1ll11i~r ee, board di versit:" instituti olwl ownership and ownership conc entrati on were predictOl's o f perforill ance with net interest inco lll e, /\11 the variabl es wCl'e al so pl'edictors w irh the e:\ception of in stitutiomti and conee ntl'at ed lll a n agCl'~ lI'itll ret urn on equity Tile study also reveal ed that board size. boa rd inciepende ll ce. audit cO llllllitlee. board di ve rsity and Illanage ri al ownership wcre pred ictors 01' regulatory cOlllpliance, With I'espect to the modera ting effect of' ty pe of bank on the relati onship between cO I'J)oratc go vern ance nnd perlorill anee. ty pe 01' bilnk signifi ca ntly Ill Llciel'illc~ S the relati onship between cor porate governnn ce anci retul'll 0 11 as se t. A part li'olll in stituti onal ownership which was signilkant the Ill oderating effecr of t:' pt' of' bank wel'e all in signilieant on the relati onship between eorpornte governance and regulatory performance, The study concluded that corporate gl)Vernanc~ predi ct perfo rillance as well as regulatory performanc e, It is recolllillended that. regulalOrs should li'olll tillle to til1le. modil'y anci update the corporate governance guidelines to meet the current trend or business flnci best practices,

Source: UCC
Corporate image management of Electricity Company of Ghana Tema South District branch

In this modern, dynamic and complex business environment, how people view a company is vital to that company’s success. How a company is perceived affects the bottom line, directly influencing the morale and attitudes of investors, lenders of capital, and even the finance ministries of countries where the company wants to do business. It is in this regard that the current study seeks to assess the Corporate image management of Electricity Company of Ghana Tema South branch. The study employed the quantitative approach and causal research design due to its research objectives. The simple random sampling technique was employed to solicit for information from all the customers of the company. The study employed descriptive tools such as frequencies and percentages in analysing data obtained from semi-structured questionnaires. Finally, the study found that Electricity Company of Ghana, Tema South branch was doing quite impressively well in terms of customer satisfaction with service delivery and corporate image though they still have more room for improvement in terms of their responsiveness to customer complaints, communication and reception of customers. To address these problems, the study recommended that, management of ECG Tema South branch should organise more intensive, innovative and educative employee development programmes through workshops to help staff appreciate importance of corporate image management.

Source: UCC
Corporate Planning Strategies and Social Protection for Low-Income Earners in Ghana: A Case of Wa West District

study set out to explore corporate planning strategies and social protection for low-income earners in Wa West District. The researcher used mixed-method to study the phenomena. A total of 90 low-income earners from the District were surveyed for the quantitative part of the study whiles both documentary analysis and 20 participants were interviewed for the qualitative sub-section. The data collection took place between March and April 2023 through the use of a two-dimensional mixed-method sampling model specifically the parallel sampling to select the sample for the study of social protection in the Wa West District. The study revealed that the majority of the beneficiaries of LEAP are females between the 41-50 age group who have basic education and earn between 101 and 200 Ghana Cedis per month. Beneficiaries and stakeholders of LEAP highlighted several issues or challenges that are hindering the success of the LEAP programme such as administrative problems, malpractices, abuses, delays in payment, inconsistencies in cash disbursement, inadequate cash transfers, and a lack of respect for the beneficiaries. They recommended that community engagement and proper decentralization strategies involving all stakeholders – chiefs, assembly members, Christians, Muslims, and traditional authorities in decision-making and program participation are critical for the programme sustainability. Essential recommendations were put forward for policymakers and future researchers.

Source: UCC
Corporate Profit Growth, Macroeconomic Expectations and Fiscal Policy Volatility

This study examines how specific macroeconomic conditions influence US Corporate Profit Growth in a dynamic trend framework. Using Autoregressive Distributed Lag (ARDL) co-integration approach, this study evaluates short and long-run dynamics of corporate profit growth in an environment characterized by specific macroeconomic conditions. Our results show that trends in corporate profit growth are not entirely immune to macroeconomic perturbations or constrained economic conditions as recent corporate profit growth conditions seem to suggest. We find that although modeled macroeconomic conditions (Note 1) have no statically significant impact on corporate profit growth in the short run; in the long run, conditions such as macroeconomic uncertainty, inflation expectation and fiscal policy volatility depresses or have significant constraining effect on corporate profit growth.

Source: UCC
Corporate social responsibility and access to finance among Ghanaian SMEs: The role of stakeholder engagement

This paper investigates whether stakeholder engagement mediates the relationship between corporate social responsibility and access to external finance. The study relied on primary data ascertained from 423 SMEs operating within the Accra Metropolis of Ghana. The data were analyzed using partial least-squares estimation technique. The study revealed the mechanism through which CSR initiatives assist firms to access external finances. It was established that firms that engage more with their stakeholders are better positioned to access financial resources from external sources. Hence, it was recommended that SME managers should involve their stakeholders in the design of their CSR programs. The paper contributes to our knowledge of the CSR literature by showing how CSR initiatives influence firms’ access to finance among SMEs in developing economies.

Source: UCC
Corporate social responsibility and brand equity –the perception of students at the University of Cape Coast

The study sought to investigate the relationship between corporate social responsibility and brand equity in the telecommunication industry of Ghana. The study followed a descriptive survey research design. The researcher used a combination of simple random sampling, stratified random sampling and purposive sampling techniques to select the final sample size of 500 students from the University of Cape Coast who are subscribed to the various telecom networks. Simple random sampling was used to select four out of the six telecommunication companies used for the study. The researcher designed a questionnaire, which consisted of both close- ended and open-ended items. This served as the primary instrument for data collection. The statistical techniques used in analysing the data were mean, standard deviation, frequencies, correlation and stepwise multiple regression. Data analysed revealed that: the telecom companies were actually involved in CSR activities; customers perceived that the telecom companies were more interested in social and economic CSR projects; there was indeed a positive relationship between CSR and brand equity; the overall best predictor of brand equity was social dimensions; and different CSR dimensions influenced the individual dimensions of brand equity differently. The study recommends that telecom operators should undertake relevant CSR projects.

Source: UCC
Corporate social responsibility and corporate financial performance of listed non-financial firms in Ghana

Most firms exist without much effect on society, on the grounds that their financial performance is not favourably. Firms have devoted their time and money on all types of philanthropic concerns such as financial donations and assistance provided to non-profit local and non-local organisations and communities, including donations in fields such as arts, education, housing, housing, health, social welfare, and government. The purpose of the study therefore, is to assess the impacts of corporate social responsibility on corporate financial performance of non-financial firms listed on Ghana Stock Exchange. The study employed quantitative approach and descriptive survey design. Secondary data was collected from non-financial listed firms on the Ghana Stock Exchange from the annual reports and financial statements of the firms covering the period 2000 to 2018 of the 21 non-financial firms sampled. The study employed econometric formula for panel regression model by adopting random estimation technique in estimating model coefficients. The results showed that income to cost ratio has statistically significant negative effect on ROA and EVA. CSR for employees of non-financial firms listed on GSE has statistically significant inverse relationship with ROA. Conversely, CSR for employees has statistically significant positive effect on EVA. The study recommended that management should negotiate for favourable interest and debt payment with suppliers in the short-term. The study also recommends that realistic and acceptable wages and benefits should be paid to employees on a regular basis.

Source: UCC
Corporate social responsibility and customer loyalty: The mediating role of service quality and customer satisfaction

The study examined the mediating role of service quality and customer satisfaction on the connection between corporate social responsibility (CSR) and customer loyalty of all commercial banks in some selected townships in the Accra Metropolis of Ghana. The study was guided by explanatory research design, quantitative in nature with a questionnaire as its main data gathering instrument. Data gathered was analyzed using partial least square estimation. Primary data were collected from 1,200 customers of the commercial banks in some selected townships in the Accra Metropolis. The major finding of the study was that banks who undertook CSR practices were better positioned to offer better quality service and also tend to satisfy customers well which then translates into greater customer loyalty. Therefore, it was well recommended that management of commercial banks should improve upon their CSR practices in order to maintain their customers. Again, the managers in these commercial banks should note that in order for them to attract and keep customers, improving service quality and customer satisfaction should be a major goal they should thrive to achieve. Thus, the study contributes to our understanding of the means through which CSR contribute to customer loyalty of banks within a developing country context.

Source: UCC
Corporate Social Responsibility and Financial Performance among Rural Banks in Ghana: The Role of Competitive Advantage, Access to Capital and Corporate Governance

The study examines the linkage between CSR and financial performance through competitive advantage and access to capital and the moderating role played by corporate governance using rural banks as a study case. A sample of 126 rural banks was selected, data on financial performance were collected from the 2019 financial statement whereas data on CSR, competitive advantage, access to capital and corporate governance was collected through the use of questionnaire. The data was analyzed using structural equation modeling and hierarchical regression. The study has shown that, business organizations that practice CSR activities, in-turn, gain a defensible competitive position in their industry which intend gives them access to capital to fund their business strategies, hence having positive impact on their financial performance. This observation, however, depends on the efficiency of their corporate governance practices in the organisation. The study recommends that, the activities of CSR should be integrated as part of the firm’s corporate and business level strategies.

Source: UCC