The effect of corporate governance on the financial performance of listed financial institutions in Ghana
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Date
2021
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KNUST
Abstract
The aim of this study is to examine the effect of corporate governance on the performance of listed financial institutions in Ghana. Using a panel data regression analysis for listed banks between 2008-2018 to examine whether corporate governance mechanisms affect banks financial performance. The key findings reveal negative and significant relationship between board size and banks performance, negative and significant relationship between board remuneration and banks performance, negative and significant relationship between board gender diversity and banks performance and positive and significant relationship between board independence and banks performance. The study recommends that since board size have been noted to negatively correlate to financial performance using ROA and ROE, shareholders of listed financial institutions are advised to keep and maintain reasonable number of people as directors in steering the affairs of the company on their behalf.
Description
A thesis submitted to the department of accounting and finance, institute of distance learning, Kwame Nkrumah university of science and technology, in partial fulfilment of the requirements for the degree of master of science (accounting and finance). Knust school of business (ksb) college of humanities and social sciences