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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/8489

Title: A comparative study of the performance of manufacturing companies and banking institutions listed on the Ghana Stock Exchange.
Authors: Agyekum, Francis
Issue Date: 6-Apr-2016
Abstract: The objective of every business is to grow and make profit for its owners. Companies have the potential for expansion but lack funds. IMF Working Paper in 2007 on Stock Market Development in Sub-Saharan Africa stated that corporate financing patterns in Ghana suggest that the stock market financed about 12 percent of total asset growth of listed companies between 1995-2002, Suggesting stock market as the single most important source of long-term external finance. In Ghana, a huge gap exists in literature on how firms performed before and after listed on the Ghana Stock Exchange. This study therefore sought to do comparative studies of the performance of manufacturing companies and banking institutions before and after listed on the Ghana Stock Exchange. The study was a multiple case study based on primary data collected through interview and secondary data obtained from Ghana Stock Exchange. The researcher made personal contact with the head offices of the various companies. The data was organized and represented in tabular form to show percentages of the results. One of the finding findings was that manufacturing companies performed better after listing on the stock exchange. Secondly, the banking institutions performed better when not listed. Additionally, the study identified macro-economic instability, low level of capital facing GSE, high cost of listing and stringent listing requirement as the major problems hindering listing in Ghana. It is recommended that the use of alternative market option as a means of raising equity. Additionally, banking institutions should strengthen risk management and internal control system. Furthermore, there should be improvement in production operations of manufacturing companies. Also, there should be assurance of macro-economic stability.
Description: A thesis submitted to the department of accounting and finance, Kwame Nkrumah University Of Science and Technology in partial fulfillment of the requirement for the degree of master of business administration, 2015
URI: http://hdl.handle.net/123456789/8489
Appears in Collections:College of Arts and Social Sciences

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