Department of Accounting Studies Education

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

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Now showing 1 - 5 of 22
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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
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    Model and 100 Percent Reserve System, the Free Banking System and BFH System: A Comparison among Latvia, Lithuania, Kazakhstan, and Kyrgyzstan
    (Journal of Economics, Management and Trade, 2019-10-04) Antwi Baafi, Joseph; Effah, Eric Sarkodie; Boachie, William Kwasi
    This study extends the capital-based macroeconomic theory to include international capital flow thus extending it to an open economy and analyze it in the context of the BFH system, Free banking system and 100 per cent reserve ratio. In all these, it was noticed that interest rate would barely change even though the possibility of interest rate changes was not ruled out completely. A test of these systems was conducted on Latvia, Lithuanian, Kazakhstan and Kyrgyzstan and was successful. However, it must be noted that these are just proposition as these systems are not in place at the moment. In furtherance to this, past and present monetary system used by the countries exhibited similarities to these systems, even though difference could largely be seen.
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    Western Guilt and Third World Development: Part 1
    (Munich Personal RePEc Archive, 2011-01-26) Baafi Antwi, Joseph
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    Urban governance and planning for Economic growth
    (Munich Personal RePEc Archive, 2010-09-22) Baafi Antwi, JosephBaafi Antwi, Joseph; Oppong Kwakye, Francis
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    Globalization and its influence on Economic Growth performance
    (Munich Personal RePEc Archive, 2010-09-24) Baafi Antwi, Joseph; Oppong Kwakye, Francis