Browsing by Author "Asare, N."

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Determinants of Intellectual Capital Disclosures (ICD): Evidence from Ghana
(2013-12-09) Onumah, J.M.; Amidu, M.; Asare, N.
This paper seeks to identify factors that influence the voluntary disclosure of Intellectual Capital (IC) in corporate annual reports of listed companies in Ghana. We examine the ICD of 25 listed companies on the Ghana Stock Exchange (GSE) over a five-year period (2006-2010) through content analysis of their corporate annual reports. The study employs a panel regression analysis to establish the relationship between ICD levels of firms and firm-specific characteristics. While company size and industry sector determine the level of ICD of companies in corporate annual reports, corporate profitability and age cannot be used to predict such ICD levels of companies. The study was limited to selected listed companies on the GSE before 2006; a basically small capital market in Ghana. The implication of this study is that financial performance and the number of years of existence by a company does not influence ICD levels while the size of a company and industrial sector in which a company operate do impact ICD levels among listed companies. This is a pioneering paper on evidence of determinants of ICDs of Ghanaian corporate firms, one of the first to investigate the determinants of ICD in annual reports in West Africa.
Determinants of tax compliance costs of small and medium enterprises in emerging economies: Evidence from Ghana
(Social Sciences & Humanities Open, 2022) Bruce-Twum, E.; Asare, N.; Schutte, D.
Small and medium enterprises (SMEs) are important to emerging economies, especially in tackling economic growth and unemployment challenges. SMEs bear a disproportionate burden in complying with many forms of regulations, in particular tax rules and legislation. Complying with tax regulations often results in increased costs and a significant reduction in profits. There is very little information available about the various factors that determine the tax compliance costs of SMEs, especially in Africa. The study attempted to identify the determinants of tax compliance cost using a survey of 132 SMEs in Ghana. From the analysis of three models and In OLS regression, the study found that the size of the business, the age of the business, the business sector and technological costs were significant determinants of tax compliance cost. The results provide meaningful insight to the revenue authorities in knowing the determinants of SMEs’ tax compliance costs. Furthermore, the findings provide valuable information to SMEs to assist in evaluating and managing their tax compliance costs. Finally, the study offers an empirical contribution to the scanty literature on SMEs’ tax compliance cost in emerging economies.
An Investigation into Board Structures, Intellectual Capital and Performance of Banks in Africa
(University Of Ghana, 2018-07) Asare, N.
This study examines the relationships between board structures, intellectual capital and the performance of banks in Africa. Specifically, the study draws insights from the resource-based view and signalling theories to hypothesize that the relation of board structures to performance of banks is contingent on intellectual capital; that relationship between intellectual capital and performance of banks is non-linear; and that the disclosure of intellectual capital in corporate annual reports is dependent on intellectual capital performance. Using annual data of 366 banks from 26 African countries from 2007 to 2015; the study estimates; intellectual capital measures using the intellectual capital performance (Value Added Intellectual Coefficient) and intellectual capital disclosure score; growths in bank performance using net interest margin, risk-adjusted return on assets and insolvency risk; board structures using board size, board independence and board gender diversity. The system GMM and OLS-PCSE estimation strategies are used to estimate panel regressions. The key findings of this study are as follows; there is a significant negative relationship between value added intellectual coefficient and board independence; value added intellectual coefficient also has a significant positive relationship with net interest margin and risk-adjusted return on assets. Furthermore, the interaction of board independence and value added intellectual coefficient, board size, and capital employed efficiency have significant positive influences on risk-adjusted return on assets and insolvency risk respectively. Thus, intellectual capital partly mediates and moderates the relationship between board structures and bank performance. The results of the non-linear models indicate that the relationship between net interest margin and insolvency risk on one hand and value added intellectual coefficient is non-linear, u-shaped and inverted u-shaped respectively. The study also indicates that there is a significant positive relationship between intellectual capital disclosures and value added intellectual coefficient. The study’s findings provide evidence of the extent to which board structures have been instituted to support investments in intellectual capital as a means of improving the performance of banks in Africa. However, the relationship between intellectual capital and performance of banks can be non-linear in some dimensions; the relationships are not perennially linear. There is some evidence in this study to support the resource-based view and signalling theories in the context of Africa’s banking sector.
Manager attributes, psychological factors and sustainability reporting in small and mediumsized enterprises in Ghana
(Journal of Global Responsibility, 2024) Owusu, A.; Venancio, T.; Asare, N.
factors on the adoption of sustainability reporting (SR) among small and medium-sized enterprises (SMEs) in Ghana. Design/methodology/approach – The study is based on a cross-sectional data gathered using questionnaires administered to managers of SMEs in Ghana. The data is analyzed using structural equation modeling. Findings – The results reveal that SME managers with requisite educational qualifications and knowledge about sustainability accounting adopt SR. The attitudes, subjective norms and perceived behavioral control of managers of SMEs on issues of sustainability also affect the adoption of SR. However, SMEs with old and long-serving managers do not adopt SR. SMEs with manager attributes such as professional education, gender and religious affiliation do not appear to adopt SR. Practical implications – There is the need for regulators and other stakeholders to sensitize, persuade and provide awareness, training and educational certification to support managers of SMEs to enable them to adopt SR. Originality/value – This study contributes to the literature on SR by offering a clear understanding of how manager attributes and psychological factors influence the adoption of SR by SMEs in developing countries.