The Impact of Corporate Governance Structures on Foreign Direct Investment: A Case Study ofWest African Countries

Show simple item record

dc.contributor.author Kutin, S.B.
dc.contributor.author Appiah-Kubi, S.N.K.
dc.contributor.author Malec, K.
dc.contributor.author Maitah, M.
dc.contributor.author Pánková, L.
dc.contributor.author Phiri, J.
dc.contributor.author Zaganjori, O.
dc.date.accessioned 2020-07-29T12:58:55Z
dc.date.available 2020-07-29T12:58:55Z
dc.date.issued 2020-05-04
dc.identifier.citation Appiah-Kubi, S.N.K.; Malec, K.; Maitah, M.; Kutin, S.B.; Pánková, L.; Phiri, J.; Zaganjori, O. The Impact of Corporate Governance Structures on Foreign Direct Investment: A Case Study of West African Countries. Sustainability 2020, 12, 3715. en_US
dc.identifier.other https://doi.org/10.3390/su12093715
dc.identifier.uri http://ugspace.ug.edu.gh/handle/123456789/35736
dc.description Research Article en_US
dc.description.abstract A number of studies have been done to examine the factors that impact the level of foreign direct investment in African countries. However, most of them have not considered the e ect corporate governance structures have on foreign direct investment (FDI) in their estimations. This research therefore pursued the investigation of the relationship between corporate governance structures at the national level and foreign direct investment concentrating mainly on West African economies for the period 2009–2018. The study constructed a panel, sampling annual data from 17 West African countries. The System generalized method of moments (GMM) was used in analyzing the panel data to attain the objective of the research. The results of the study reveal that countries characterized by greater protection of the interest of non-controlling parties are able to accumulate progressive FDIs. Economies with firms portraying high ethical values also generally generate increasing foreign direct investment, and the existence of e ective boards also significantly improves the country’s FDI inflows. Finally, the findings report that the impact of regulations in securities and the stock exchange on FDI is insignificant. The study recommends thatWest African countries institute corporate governance structures purely independent of political influences in order to ensure e ective utilization of foreign direct investment to mitigate poverty. en_US
dc.description.sponsorship Internal Grant Agency (IGA) of the Faculty of Economics and Management, Czech University of Life Sciences Prague, grant no. 2020A0004 “Foreign direct investment and corporate governance structures: Evidence from Africa”. en_US
dc.language.iso en en_US
dc.publisher sustainability en_US
dc.relation.ispartofseries 12;9
dc.subject foreign direct investment (FDI) en_US
dc.subject West Africa en_US
dc.subject macro level corporate governance en_US
dc.subject economic development en_US
dc.subject corporate governance structure en_US
dc.title The Impact of Corporate Governance Structures on Foreign Direct Investment: A Case Study ofWest African Countries en_US
dc.type Article en_US


Files in this item

This item appears in the following Collection(s)

Show simple item record

Search UGSpace


Browse

My Account