Corporate Governance and Firm Performance: An Empirical Analysis of Manufacturing Listed Firms in Ghana

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dc.contributor.authorGyimah, Prince
dc.contributor.authorSarpong-Danquah, B
dc.contributor.authorAfriyie, R. O
dc.contributor.authorAsiamah, A
dc.date.accessioned2023-11-28T11:10:14Z
dc.date.available2023-11-28T11:10:14Z
dc.date.issued2018-07-01
dc.description.abstractThis paper assesses the effect of corporate governance on the financial performance of manufacturing firms in a developing country. Specifically, the paper investigates whether gender diversity, board independence, and board size affects return on asset (ROA) and return on equity (ROE) of manufacturing listed firms in Ghana. We use the generalized least squares (GLS) panel regression model to analyze the dataset of 11 listed manufacturing firms from 2009-2013. Our result reveals an insignificant representation of women on boards. Also, the empirical result shows that board independence and board gender diversity have significant positive effect on ROE and ROA. However, there is no statistical significant relationship between board size and firm performance (ROE and ROA). We suggest that manufacturing firms should appoint female board members as well as outside directors on their boards as this can make significant contribution to firm’s performance. Our study provides the first comprehensive explicit exposition of corporate governance-performance nexus using data from the manufacturing sector in Ghana.
dc.identifier.citationSarpong-Danquah, B., Gyimah, P., Afriyie, R. O., & Asiamah, A. (2018). Corporate governance and firm performance: An empirical analysis of manufacturing listed firms in Ghana. Accounting and Finance Research, 7(3), 111-118.
dc.identifier.issn1927-5994
dc.identifier.urihttps://ir.aamusted.edu.gh/handle/123456789/994
dc.language.isoen
dc.publisherSciedu Press
dc.titleCorporate Governance and Firm Performance: An Empirical Analysis of Manufacturing Listed Firms in Ghana
dc.typeArticle
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