Browsing by Author "OPOKU RICHARD NTIM"

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    Effect of sustainability accounting disclosures on financial performance of listed banks in Ghana
    (KNUST, 2023) OPOKU RICHARD NTIM
    The study explores the effect of sustainability accounting disclosures on the financial performance of banks in Ghana listed on the Ghana Stock Exchange. The study adopts the explanatory research design and a quantitative approach involving data generation in quantitative form. There were a total of eight financial institutions which were involved in the study. The census method is adopted for this study and data was collected from 2015-2021. The data were analysed using descriptive analysis and Pearson Correlation and Regression Analysis. The findings indicate that Ghanaian banks exhibit a commendable dedication to sustainability disclosure, achieving an overall score of 65.92%. However, there is a discrepancy in reporting focus, with financial sustainability prominently covering (98.7%), while social (67.6%) and environmental (30.6%) aspects need enhancement. A significant and positive correlation emerges between sustainability disclosure and financial performance, assessed through return on equity (ROE). In addition, firm size and leverage positively and significantly correlate with ROE. The model accounts for 67.8% of ROE variance, highlighting the dual impact of sustainable practices on ethics and finances. Lastly, when considering firm size, a positive correlation between larger banks and economic sustainability reporting is evident. This suggests a potential interplay between firm size, sustainable practices, and economic performance. Recognizing the positive correlation between sustainability disclosure and financial performance, banks should intensify their sustainability considerations into their core strategies. By aligning social and economic sustainability initiatives with financial goals, banks can harness the potential benefits of sustainable practices more effectively.