Empirical Analysis Of The Determinants Of Corporate Governance Quality In A Ghana I Am Most Grateful To The Almighty God For His Protection And Guidance Throughout The Programme And Seeing Me To A Successful End. My Sincere Gratitude Goes To Dr. Godfred Aawaar My Supervisor For His Dedication, Mentorship, Support And Supervisory Role In Making This Work A Reality. I’m Grateful To My Family; Yaa Acheampomaah, Owoahene Kojo Acheampong, Kenneth Forkuo-Mensah, Annabelle Adjei Acheampong, Tonny Adu Asare, Mavis Adu Asare, Abigail Nti-Kwakye, Evans Atta Owusu, Winnifred Adjei Konadu, Sandra Amankwah, Tuffour Atta Snr And Tuffour Atta Jnr, Michael Osei Bonsu, Ruth Amankwah, Justice Amankwah, Emmanuella Amankwah, Emmanuel Addai, Kofi Agyemang And Klinsman Omane Bonsu. And To The Wonderful Family I Have At Calvary Believers Church International; His Lordship Bishop Dr Julius Owusu Ansah For His Prayers, Guidance, Advice And Motivation, The Resident Pastor, Bishop Owusu Ansah Jnr, And Prince Michael Owusu Ansah, Pastor Kofi Agyekum, Mrs. Patricia Boampong, Mr Godwin Atsu, Princess Diana Atsu (Mrs.), Robert Gyamfi And Eric Boakye. Special Thanks To Olivia Mawunyo Timpo (Mrs Baidoo) For Your Tremendous Support, Gideon Abbey And Antoinette Benewaa Gabrah. I Say I Love You All Recently, Issues Of Corporate Governance Quality Have Gained Increased Attention Globally And Domestically. Nevertheless, There Are Limited Studies That Examine The Influence Of Firm-Specific Characteristics, Country Level Characteristics And Institutional Characteristics Together As Determinants Of Quality Corporate Governance. Therefore, Purpose Of The Study Is To Examine The Determinants Of Quality Corporate Governance. The Study Made Use Of Already Existing Secondary Data Collected From Annual Reports And Other Reports Obtained From Ghana Governance Compliance Code And The World Bank. The Study Covered An-Eight-Year Period From 2013 To 2019. It Covered Non-Financial Listed Companies In Ghana. It Also Used Primary Data And Questionnaire As A Data Collection Instrument. The Study Found That There Is Positive Relationship Between Leverage, Return On Asset And Corporate Governance Quality. The Study Further Found That There Is Positive Influence Of Inflation, Foreign Direct Investment, Regulatory Quality, Voice And Accountability And Quality Of Corporate Governance. The Study Also Concludes That There Is A Negative Impact Between Gross Domestic Product, Corruption, Government Effectiveness, Political Stability, Rule Of Law And Quality Of Corporate Governance. The Study Also Concludes That There Is Positive Relationship Between Return On Asset, Leverage, Size, Board Of Directors, Remuneration Committee, Ownership And Compensation And Quality Of Corporate Governance. The Study Recommends That Further Studies Should Examine In Detail, The Structure Of Board Of Directors Specifically, The Degree To Which The Chairman Is Independent Of Management, The Composition Of Audit, Remuneration And Nomination Committees.

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Date
2021-02
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knust
Abstract
Recently, issues of corporate governance quality have gained increased attention globally and domestically. Nevertheless, there are limited studies that examine the influence of firm-specific characteristics, country level characteristics and institutional characteristics together as determinants of quality corporate governance. Therefore, purpose of the study is to examine the determinants of quality corporate governance. The study made use of already existing secondary data collected from annual reports and other reports obtained from Ghana Governance Compliance code and the World Bank. The study covered an-eight-year period from 2013 to 2019. It covered non-financial listed companies in Ghana. It also used primary data and questionnaire as a data collection instrument. The study found that there is positive relationship between Leverage, Return on asset and corporate governance quality. The study further found that there is positive influence of Inflation, Foreign direct investment, Regulatory Quality, Voice and accountability and quality of corporate governance. The study also concludes that there is a negative impact between Gross Domestic Product, Corruption, Government effectiveness, Political stability, Rule of Law and quality of corporate governance. The study also concludes that there is positive relationship between Return on asset, Leverage, Size, Board of directors, Remuneration committee, Ownership and compensation and quality of corporate governance. The study recommends that further studies should examine in detail, the structure of board of directors specifically, the degree to which the chairman is independent of management, the composition of audit, remuneration and nomination committees.
Description
I Am Most Grateful To The Almighty God For His Protection And Guidance Throughout The Programme And Seeing Me To A Successful End. My Sincere Gratitude Goes To Dr. Godfred Aawaar My Supervisor For His Dedication, Mentorship, Support And Supervisory Role In Making This Work A Reality. I’m Grateful To My Family; Yaa Acheampomaah, Owoahene Kojo Acheampong, Kenneth Forkuo-Mensah, Annabelle Adjei Acheampong, Tonny Adu Asare, Mavis Adu Asare, Abigail Nti-Kwakye, Evans Atta Owusu, Winnifred Adjei Konadu, Sandra Amankwah, Tuffour Atta Snr And Tuffour Atta Jnr, Michael Osei Bonsu, Ruth Amankwah, Justice Amankwah, Emmanuella Amankwah, Emmanuel Addai, Kofi Agyemang And Klinsman Omane Bonsu. And To The Wonderful Family I Have At Calvary Believers Church International; His Lordship Bishop Dr Julius Owusu Ansah For His Prayers, Guidance, Advice And Motivation, The Resident Pastor, Bishop Owusu Ansah Jnr, And Prince Michael Owusu Ansah, Pastor Kofi Agyekum, Mrs. Patricia Boampong, Mr Godwin Atsu, Princess Diana Atsu (Mrs.), Robert Gyamfi And Eric Boakye. Special Thanks To Olivia Mawunyo Timpo (Mrs Baidoo) For Your Tremendous Support, Gideon Abbey And Antoinette Benewaa Gabrah. I Say I Love You All A
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