Department of Accounting Studies Education

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https://ir.aamusted.edu.gh/handle/123456789/549

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Browsing Department of Accounting Studies Education by Author "Duodu, John Kwame"

Now showing 1 - 4 of 4
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    Examining the Economic Interaction between Liquidity and Firms’ Financial Performance: Evidence from the Ghana Stock Exchange
    (Journal of Economics, Management and Trade, 2020-12-14) Antwi , Joseph Baafi; Duodu, John Kwame; Effah , Eric Sarkodie; Boachie, Williams Kwasi
    This study examined the economic interaction between liquidity and financial performance of manufacturing firms listed on Ghana Stock Exchange (GSE). Specifically, the study sought to examine the relationship between liquidity as measured by current ratio, quick ratio and cash ratio and firms’ financial performance as measured by return as assets, return on equity and return on capital employed and determine the interactive effects on share value of firms. Data extracted from the audited and published annual reports of twenty-one (21) firms for the period 2008 to 2019 was used for the study. The study used correlation analysis for relationship and ANCOVA modeling for interactive effects. The study found that there was a weak positive statistically significant relationship between return on assets and measures of liquidity; there was a weak positive statistically insignificant relationship between return on equity and measures of liquidity; there was a weak negative statistically insignificant relationship between return on capital employed and measures of liquidity. The study also found positive effects of liquidity and performance on share value. However, the magnitude of interactive effect of liquidity and firm’s performance was much higher that the single effects. Based on the findings, the study recommended among others that authorities in listed manufacturing firms in Ghana should try and maintain an ideal level of liquidity that can meet their firms’ operational needs
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    Increasing Market Rewards for Sustainability: A Case of Private Nursing and Midwifery Colleges in Ghana
    (Journal of Economics, Management and Trade, 2019-12-21) Duodu, John Kwame; Antwi, James; Antwi , Joseph Baafi
    This study sought to examine the interplay between market rewards and sustainability of private nursing and midwifery colleges in a competitive market environment. Over the last two decades, there has been a proliferation of Private Nursing and Midwifery Colleges in Ghana. These colleges are increasingly competing with their counterparts in the public sector that receive incentives from government. Therefore, increasing market rewards of private nursing colleges is imperative for sustainability of the colleges. The study adopted a descriptive survey design using quantitative approach. Total number of respondent for this study was 142. The study uncovered that equal employment opportunities for graduates, tax holidays, subventions or support from government were the key market rewards that could lead to sustainability of private institutions. These rewards were found to have a significant relationship with sustainability of institutions. The study also discovered that, effective market rewards can lead to improvement in enrolment and attraction of local or external investors in management of private nursing and midwifery colleges to enable them compete with those in the public sector.
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    Increasing Market Rewards for Sustainability: A Case of Private Nursing and Midwifery Colleges in Ghana
    (Journal of Economics, Management and Trade, 2019) Duodu, John Kwame; Antwi, James; Antwi , Joseph Baafi
    This study sought to examine the interplay between market rewards and sustainability of private nursing and midwifery colleges in a competitive market environment. Over the last two decades, there has been a proliferation of Private Nursing and Midwifery Colleges in Ghana. These colleges are increasingly competing with their counterparts in the public sector that receive incentives from government. Therefore, increasing market rewards of private nursing colleges is imperative for sustainability of the colleges. The study adopted a descriptive survey design using quantitative approach. Total number of respondent for this study was 142. The study uncovered that equal employment opportunities for graduates, tax holidays, subventions or support from government were the key market rewards that could lead to sustainability of private institutions. These rewards were found to have a significant relationship with sustainability of institutions. The study also discovered that, effective market rewards can lead to improvement in enrolment and attraction of local or external investors in management of private nursing and midwifery colleges to enable them compete with those in the public sector.
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    Why Should We Pay Attention to Working Capital Management? A Case of Ghana
    (MDPI, 2024-03-11) Baafi Antwi ,Joseph; Effah , Eric Sarkodie; Duodu, John Kwame; Kumah, Seyram Pearl
    The paper examines the nexus between working capital management (WCM) and financial performance of listed non-financial firms in Ghana. An unbalanced panel data for the period 2008 to 2021 was used for the study. It is observed that the residual terms of the models were cross-sectionally independent and all the series were first-differenced stationary and cointegrated in the long term The elasticities of the predictors were explored via the Fully Modified Ordinary Least Squares (FMOLS) and the Dynamic Ordinary Least Squares (DOLS) techniques. The findings of the study indicate that WCM proxied by accounts receivable period (ACP), accounts payment period (APP), and inventory turnover period (ITP) have significant positive effect on firms’ financial performance measured by return on assets (ROA), return on equity (ROE), and return on capital employed (ROCE). This suggests that the working capital management practices of non-financial firms in Ghana improve their financial performance. Also, firm size and asset growth improve firm financial performance. On the causalities between the variables, bidirectional causalities between ACP, APP, ITP, size, and thecompanies’ ROA, ROE, and ROCE are disclosed. Finally, causality from growth to the ROA, ROE, and ROCE of the firms are unraveled. It is recommended that policy makers of non-financial firms in Ghana should not overlook WCM practices in their financial decisions, since ignoring them could seriously compromise the firms’ short- and long-term sustainability