Corporate governance and firm performance: Evidence from Ghanaian listed companies

Show simple item record Kyereboah-Coleman, A. Adjasi, C.K.D. Abor, J. 2019-03-27T09:17:02Z 2019-03-27T09:17:02Z 2006-01
dc.identifier.other DOI: 10.22495/cocv4i2p12
dc.identifier.other Vol. 4(2): pp 123-132
dc.description.abstract Well governed firms have been noted to have higher firm performance. The main characteristic of corporate governance identified include board size, board composition, and whether the CEO is also the board chairman. This study examines the role corporate governance structures play in firm performance amongst listed firms on the Ghana Stock Exchange. Results reveal a likely optimal board size range where mean ROA levels associated with board size 8 to 11 are higher than overall mean ROA for the sample. Significantly, firm performance is found to be better in firms with the twotier board structure. Results show further that having more outside board members is positively related to firm performance. It is clear that corporate governance structures influence firm performance in Ghana, indeed within the governance structures the two-tier board structure in Ghana is seen to be more effective in view of the higher firm level mean values obtained compared to the one-tier system. en_US
dc.language.iso en en_US
dc.publisher Corporate Ownership and Control en_US
dc.subject Board composition en_US
dc.subject CEO en_US
dc.subject Corporate governance en_US
dc.subject Ghana en_US
dc.subject Performance en_US
dc.subject ROA en_US
dc.title Corporate governance and firm performance: Evidence from Ghanaian listed companies en_US
dc.type Article en_US

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